IITRAN is a private initiative by a group of alumni. We are a digital platform to connect angel investors with interesting investment opportunities (such as startups). We offer advisory services, from deal origination to deal evaluation to money in the bank. The legal entity behind IITRAN is Thomason Founders Federation (under registration).

An Angel Fund is a SEBI-registered Alternative Investment Fund (AIF) with stringent qualification requirements.

IITRAN is structured as an Angel Network. Individual investors invest directly in the startup. Investors can decide which deal to invest in and which to pass.

The minimum investment required from an interested angel is ₹2 lakhs in most deals. In a few cases, it could go up to ₹5 Lakhs or more.

Angels can sign up via this Google Form. 

Membership is a one-time fee of Rs 10,000 (plus GST) as of April 1, 2026. This is payable on participating in your first transaction. There is no fees for signing up. 

There is a standard agreement between an angel and IITRAN. In addition there may be a tri-party contract between angel-IITRAN-portco, which will be taken up case by case.

Entrepreneurs from IIT Roorkee get a preference in raising funds through IITRAN. We occasionally consider and invest in other promising startups.

Every transaction has a Deal Lead who is responsible for presenting a deal to the larger angel network. The Deal Lead drives the transaction to closure, owing all paperwork and remains the touchpoint on the portfolio throughout the journey. For example, the Deal Lead is responsible for mentoring and monitoring the portco. If there is no Deal Lead then one person from the IITRAN team will function as a deal champion and fulfill the role of the Deal Lead.

Startups sign up for consideration on [this Google Form](https://docs.google.com/forms/d/e/1FAIpQLSeBryDbDsW1h2lCYucsiuELeObDQV9Zrvmghyd5YW7ofLo6iw/viewform). The core team of IITRAN will screen the startup (using established evaluation frameworks) and present to the group. We may also source deals from other angel networks, incubators and accelerators, etc with whom we partner.

IITRAN has legal teams to ensure the agreement cover minority protection rights including ROFR, Tag Along, and Drag Along rights. We also have experienced angels as part of our advisory board who help us with necessary inputs and feedback.

IITRAN is sector agnostic. We leverage our extended IIT Roorkee network to unlock value for our portfolio via mentorship and introductions.

The pooled cheque size per deal is between ₹50 lakhs to ₹3 crores. IITRAN co-invests with other investors including other angels, angel groups, family offices, and VC funds as part of larger rounds.

NRIs can invest from any of the following accounts: NRO/NRE/FCNR. PIOs are also eligible to invest in Indian companies. IITRAN would not invest in any quasi debt instruments like OCDs/PCDs (Optionally Convertible / Partly Convertible Debentures)

While the current focus is on Indian companies, we will evaluate international deals if the Deal Lead is convinced of the opportunity.