minsta

FAAD Capital expands its global presence with launch in Dubai

Pabio December 19, 2024

NEW DEHLI: FAAD Capital, a SEBI registered Tier 1 angel fund headquartered in Gurugram, on Thursday announced the launch of its investor network in Dubai, marking the fund’s first international expansion.

With this step, FAAD aims to support global collaboration and engage with Non-Resident Indians (NRIs) and local investors to boost investments in Indian startups.

The first Dubai edition of the FAAD Network Investor Meet was held at the Shangri-La Hotel, with over 100 investors in attendance.

The launch in Dubai is part of FAAD Capital’s broader strategy to establish regional hubs both domestically and internationally. While the initial focus will be on quarterly networking and investor meetings, plans are underway to establish a physical office in Dubai to deepen the fund’s presence in the GCC region. Looking ahead, FAAD is targeting Singapore as its next expansion destination.

Karan Verma, FAAD Network Director, said in a statement: “Dubai is a natural choice for our first international presence. The city’s strategic location and thriving investor ecosystem make it an ideal platform to support cross-border investments. This launch is the first step in our journey to build a strong international network that connects Indian startups with global investors. »

Nitin Agarwal, Managing Partner, Gopinath Group of Companies, said in a statement: “Dubai is an important milestone for us as we aim to expand our network internationally. Dubai’s vibrant investment ecosystem and its position as a global financial hub offer immense opportunities to connect Indian startups with international investors.

Nominations for the ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your registration in one or more of the 22 categories and have the chance to win a prestigious prize.