Enlighten Angel Fund has successfully raised Rs 100 crore for its Fund 1 and received SEBI approval to operate as an Alternate Investment Fund (AIF) by December 2024. The firm is rebranding to Enlighten Capital, aiming to become a micro VC fund. It has initiated a Rs 100 crore greenshoe option to support India’s emerging entrepreneurs, focusing on sectors like Emerging Technologies, Smart Manufacturing, Mobility, and Fintech. General Partners Koushik Shekar and Arvind Subramaniam emphasize startups’ potential to drive societal change and innovation in India’s future through this new fund.