New Delhi, March 12 -- India's angel networks are increasingly creating their own funds, tapping into the surge of domestic capital to institutionalise early-stage investing in the country's startup ecosystem.

To streamline their investment focus, these networks are shifting from deal-by-deal syndication to closed-ended funds, capitalizing on the surge in domestic capital available.

"Failure rates for individual angels can be very high, and coming together to structure their investing is a way of addressing that failure rate," said Ranjeet Shetye, a deeptech angel investor and a mentor at YourNest Venture Capital.

Veteran networks like Indian Angel Network (now IAN Group), Hyderabad Angels, and Rajasthan Angels have launched their own ...