Explain Angel Investor.

As per SEBI (Alternative Investment Funds) Regulations, 2012, 'Angel investor' means any person who proposes to invest in an angel fund and satisfies one of the following conditions: An individual investor who has net tangible assets of at least ₹ 2 crore excluding value of his principal residence, and who: has early stage investment experience, or has experience as a serial entrepreneur, or is a senior management professional with at least ten years of experience; A body corporate with a net worth of at least ₹ 10 crore; or An Alternative Investment Fund or a venture capital fund registered under SEBI (Venture Capital Fund) Regulations, 1996.