Hyderabad, being the major city of the technology industry and termed as the “City of Pearls”, embraces many budding as well as successful entrepreneurs. If you are an aspiring entrepreneur who is looking for startup investors in Hyderabad, here we have attempted to list down Top Angel Investors in Hyderabad with their Contact, who you can reach out to. Further, get an insight into the Major investments made by them in specific areas.
Before moving ahead to find out Angel Investors contact list, let’s get an insight on How Angel Funding Benefits Startups.
The list of Angel Investors with contact details is as follows:
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Markets Interested: Healthtech, AI, E-commerce, edtech, Technology, Enterprise Software Investments: Medplus, CustomFurnish, SkillPro, Alphabeta, and more.
Srini Koppolu, the Founder and CEO of NewsPlus (Personalized news platform) is a well-known Investor in Hyderabad. He has also served as First President of Hyderabad Angels and made more than 10 angel investments.
During his journey of work in Microsoft as a software engineer, he gained a greater insight into developing innovative products, R&D initiatives, and building a large-scale organization from scratch. He holds more than 20 global patents. After working at Microsoft for 21 long years, he moved out to set up Microsoft India Development Centre (MSIDC), he transitioned this from a start-up to the largest product development Centre outside of US.
Markets Interested: Finance, Technology, Ecommerce Investments: App Virality, Smytten, Alphabeta, and more.
Rimpal Chawla
Rimpal Chawla, Founder and CEO of Anitya Ventures (a boutique investment and business advisory firm), is an active angel investor in Hyderabad for startups. He is the co-founder of Vasisth Relative Value Fund i.e. a SEBI Registered alternative investment fund. He is also the promoter and co-founder of Ninebark Advisors, which is a SEBI Registered investment advisory firm.
He has worked with Global Finance Giants like Credit Suisse, Goldman Sachs, and Citibank, thereby gaining massive experience in investments. Currently, he is the Charter Member of TIE, a member of the Mentor Club at Indian School of Business, Hyderabad for their innovation and Entrepreneurship Program. He also coaches senior corporate executives on strategic business concerns and a Company Valuation course at IIT, Hyderabad.
Markets Interested:Healthcare, Technological, Education, Consumer, and Fintech Investments: Flatpebble, Aarav, Unmanned Systems, DoctorC and more.
Sanjay Jesrani, the Founder and CEO of Go Ventures (Hyderabad-based Investment firm) is an active member of the Indian Angel Network. He holds a Bachelor’s Degree in Commerce and a Fellow Member of ICAI. He was a core member of India and South Asia Hitachi group company CEO Network, and thus being intrinsically involved in the company’s growth strategies. He brings around 20 years of experience from his role as CFO at Sierra Atlantic. Before his joining Sierra Atlantic, he managed his family-owned venture and led his CA Practice.
Markets Interested: Ecommerce, Marketplace, Technology, Consumer Internet Investments: 20Dresses, IndieFolio, and more.
Srinivasa Rao Aluri, the Chairman of Qunu Labs Pvt Ltd is a prominent investor in the Indian Startup ecosystem. He is an alum of the prestigious Yale University and has also served as an MD at Morgan Stanley. The knowledge and expertise that he retains are immense.
Markets Interested: Finance, Marketing, Technology, Big Data, AI Investments: GeneSys Biologics, Crayon Data, Dexter, and CafeX
Vijay Amritraj, the Founder, and CEO of Voila F9 Gourmet (Food & Beverage Company) is an entrepreneur and has experience of over 20 years in the domain of marketing and finance. He pursued his Degree in Commerce from Nizam College and later an MBA from the SIBM, Pune. He was a founding team member at the Global Insurance giants and helped them to launch their India operations. He also experienced leadership roles at Max New York Life Insurance and AEGON Life insurance.
Markets Interested: IT, Agritech, Cloud-based, AI, Consumer Internet Investments: Hotelogix, Exotel, eFarm, and more.
Puru Modani, chairman of the Telangana Fencing Association AdHoc Committee, is an active angel investor in the Indian startups’ ecosystem. He has been an alum of IIM-Kozhikode. He is a well-experienced investor, in the venture capital and private equity industry.
Modani served around a one-year term as a board member at FIIRE (Forum for innovation incubation Research & Entrepreneurship). He has also been a Chief Strategist at Houston Technology Center. Overall, he is skilled in Global Delivery, IT Strategy, Management, Business Relationship Management and Risk Management.
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Markets Interested: Technology, Digital, Food Investments: Invilogic, Silly Monks, Ittisa, Dogsee Chew, and more.
Sreenivasa, the Chairman and MD of Ektha (a technology solutions provider company) is a prominent investor and mentor for startups. He is an alum of BITS Pilani, and by the virtue of his vast experiences, he helps startups in their journey of growth and development.
Markets Interested: Biometrics, Technology, IT, Gaming Investments: SETU Software Systems, InCights, Fortuity Infotech, and more.
He is the founder and Ex-COO of T-Hub, Hyderabad. He is an active and keen angel investor, thereby helping various Indian Startups via funding and mentorship. He has gained over 25 years of experience in product strategy, product management and business development, but according to him, His true passion lies in helping startups scale and to build thriving communities around entrepreneurship. He entails a deeper insight into the global and Indian startup ecosystem.
Markets Interested: Manufacturing, Infrastructure, and FMCG Investments: Cookifie, Flatpebble, Tattva, Wow! Momo, and more.
Abhinav is the owner of GAR Corporation Pvt Ltd, a leading commercial real estate asset creation company. He is an active member of the Indian Angel Network and also the Hyderabad Angels Venture. He is the partner at StartupXseed Ventures, thereby has immense experience in the field of investments and finance.
He completed his Bachelor of Science, Finance, Marketing from Weatherhead School of Management, and OPM from Harvard Business School.
Markets Interested: Edtech, Technology, IT Investments: EngineersHub, BikeShed and more.
Vineel Reddy Pindi, the Founder, and CEO of Collab House (a co-working space provider) has a keen interest in the field of angel investing. He was a core member of TEDxHyderabad.
Markets Interested: Technology and Retail Investments: MARUT Drones, Varaha Studio, and more.
Kiran Darisi is the Co-Founder & VP of Engineering at Freshworks. Prior to Freshworks he worked in Zoho Corporation and Accenture Technology Solutions. He has keen interest in investments. He is an angel investor in multiple startups and also guides entrepreneurs as technical mentor. He is also part of multiple Venture Capital funds.
This was our list of Angel Investors in Hyderabad. If you are an investor, connect with us at shubham@startuptalky.com to get featured in the list.
An angel investor (also knownas a private investor, seed investor or angel funder) is a high net worth individual who provides financial backing for small startups or entrepreneurs, typically in exchange for ownership equity in the company.
How to get Investors in India?
Get Investors In India:-
Create a profile on Angel List.
Prepare a record of Investors to share your ideas with.
Brush up your networking skills.
Have a classy intro.
Tell them why they should invest in your startup.
How much do angel investors invest in India?
The range can be anywhere from Rs. 5 lacs to 2 Crores depending upon the financial risk capacity of the individual.
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Diagnostics tests are done to find if a person has a certain disease. An accurate diagnostic test is important to avoid trial and error in treatment. 3Hcare, a Delhi-based healthcare startup is here to ensure that your diagnostics are done safely and conveniently. It provides different health packages, 3Hcare ThyrocareAarogyam being the most popular one. Read this article to know more about a healthcare startup in India, 3Hcare and its success story.
3Hcare is a Delhi-based startup operating in the healthcare sector. 3Hcare is an online marketplace for healthcare services. It provides detailed information on healthcare services provided by PAN India. A user can simply log on to 3Hcare’s website and find nearby diagnostics and hospitals as per their requirements.
Our mission is to assist in getting quality health services and facilities for the community, to promote wellness, to relieve suffering and to restore health as swiftly, safely and humanely as it can be done, consistent with the best service we can give at the highest value for all concerned. – Ruchi Gupta (Founder of 3Hcare)
According to the Indian Diagnostic Services Market Outlook 2020, the diagnostic services market will be growing at 27.5% for the next 5 years. The market has reached INR 860 Billion in revenues by the end of 2020. Some of the major causes for this fast-growth are increasing health consciousness, an increase in the number of people having insurance cover, improving healthcare services, etc. Covid-19 is also one of the major reasons for the borne of the healthcare industry. The Novel Coronavirus has not only hit the nations mentally but also economically, especially the healthcare industry.
The healthcare market is expected to reach $372 billion by 2022.
CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra and Dr. Gurdeep Singh Ratra are the founders of 3Hcare.
3Hcare’s Founders
Ruchi Gupta is a doctorate in Risk Management and a fellow member of The Institute of Chartered Accountants of India. She pursued her MBA from GGSIP University and Bachelor’s degree in Commerce from SRCC, University of Delhi. She is a prolific educationist, qualified UGC NET-JRF having a decade-long experience in mentoring management students for the corporate world in the field of applied Finance & Business Management. She also has extensive experience in reviewing and writing subject-specific books in finance & management. Her numerous papers have been published & presented in renowned journals and conferences. She is a member of the panel of authors in the Central Board Of Secondary Education (CBSE).
Exclusive Interview of 3Hcare’s Founder Dr. Ruchi Gupta
Dr. Ravinder Pal Singh Malhotra is an MBBS, MS (General Surgery, MAMC, Delhi) and M.Ch. (GI & HPB Surgery and Advanced Laparoscopic Surgery, GB Pant Hospital, Delhi). He did his fellowship in Liver & Multi Visceral Transplant at Sir Ganga Ram Hospital, New Delhi. He worked as an online CME Observer at John Hopkins Hospital, USA and Chairperson in Harvard Accredited CME’s for GI Surgery. He has around 13 years of experience in Liver Transplant, HPB & GI surgery in India with exceptional donor and recipient surgery safety records. Ravinder has been a part of more than 700 live-donor-related liver transplants, 500 pancreatic surgeries, 2000 liver surgeries, 500 gall bladder cancer resections and has vast experience in other GI surgeries.
Dr. Gurdeep Singh Ratra is an MBBS, M.S. (Orthopaedics) and M.Ch. (Orthopaedics). He did his fellowship in Joint Replacement (Endoklinik, Germany) and Joint Replacement and Sports Medicine (AKH Hospital, Vienna, Austria). Dr. Gurdeep has clinical experience of more than 13 years in the field of Orthopaedics. He has a special interest in joint replacement and deformity correction. He is passionate about the Ilizarov technique and limb-lengthening procedures.
The other core members of the team are–
Mr. Ankush Mehra, who is the director of 3Hcare. Ankush is a Post Graduate in Commerce and MBA. Ankush is a prolific supply chain specialist and a startup man with 22 years of experience, known for creating and managing highly responsive yet cost-effective and efficient solutions. He worked with corporates like Honda Siel Cars India Pvt. Ltd., Samsung Electronics India Information & Telecommunications Ltd., Metro Cash & Carry, Reliance Hypermarkets & LimeRoad.
Mr. Sumit Gupta is an IT manager at 3Hcare. He did his MCA from Guru Gobind Singh Indraprastha University. He is an expert at C#.net and VB.net languages, with extensive experience in working on databases like SQL SERVER, MYSQL, ORACLE. His functional domain encompasses operating systems like Windows 8, Windows 7 and Windows Server 2012. He is proficient in scripting using HTML, ASP.net, Javascript, and Jquery. He has over 8 years of experience with a number of projects for Indian as well as international clients.
The founders decided to divide the team into three departments – one to focus on the medical field, one on the marketing and the other in the technicaldomain. Initially, the startup was functional with only 10 members including founders. But with the growing response from the public, the team had managed to expand over 50 members within less than 6 months.
Ruchi had never planned to become an entrepreneur. She pursued her MBA along with CA and is also a Ph.D. scholar. Inherited the interest in teaching from her parents, she also wanted to become a lecturer. In pursuit of her dreams, she became a mentor to management students and worked as a lecturer in a college in Delhi for many years.
She noticed many complications that the common public faces while getting a diagnosis in hospitals and other test centers, one incident that especially left her wanting to make a difference was the difficulty faced by a relative in finding a good hospital and diagnostic services during the time of emergency.
Ruchi’s relative was suffering from dengue and needed immediate admission, wherein the hospitals denied admitting him due to overcrowded. She was not in a position to wander around to different hospitals in search of bed availability. But giving reference to a known doctor, the patient was immediately admitted. The problems did not end, soon the admin staff asked her to get the patient tested for platelets, due to lack of facilities during that time. This was another challenge for her to track and locate a diagnostic lab that can provide the test results immediately for further treatment. In the end, only her reference helped the patient with regular tests and treatment. This incident came as a wake-up call for Ruchi and the idea of starting 3Hcare was formed.
However, to practically execute the idea, she still had many hurdles to cross. She wanted to create an online portal by tying up with various labs to make all the tests available to the patients with ease and transparency. To develop a team, she actually shared the idea with more than 300 people and at last, found 4 reliable sources who were convinced with her idea – Dr. Gurdeep Singh Ratra, Mr. Ankush Mehra, Mr. Sumit Gupta and Dr. Ravinder Pal Singh. And finally, with the initiative of the co-founders, 3Hcare was started in September 2016.
3Hcare – Name and Logo
The 3H stands for – Help, Health, and Happiness.
Our aim is to help the common masses to bridge the gap between healthcare services and patients .
3Hcare Logo
3Hcare – What is 3Hcare?
3Hcare is an online marketplace for health services. They provide several featured tests and packages. 3Hcare Thyrocare Aarogyam provides Aarogyam profile packages and preventive health checkup packages. The services currently provided by the company are –
Diagnostics – With over 1500 labs and 350 test centers (NABL accredited) to choose from over 50+ locations throughout India, this vertical provides ease for every patient to search, compare & book online lab tests with the value addition at discounted rates.
Plan My Surgery – One of the essential innovations rendered by the online portal includes Plan My Surgery vertical. An innovation by which the patient can plan their surgeries with the best surgeons at the viable cost & schedule. Moreover, a price comparison is available and the patient is also able to seek time availability and appointment with the best in class doctors and hospitals.
Option to choose among the best labs in the patients’ preferred locations.
Price transparency.
Attractive discounts and offers on services.
Under Plan My Surgery, 3Hcare makes all information available such as expenses required for surgery, doctors available and the accreditation of the hospital. All this information is available online, which makes it easier for patients to make informed decisions.
3Hcare – Revenue Model
3Hcare’s revenue model is simple. As its services are free for the patients, it charges only support fees from centers and hospitals.
3Hcare – Funding and Investors
3Hcare has raised a total of $1.1 Million in 2 rounds of funding. Its funding details are as follows:
Funding Date
Funding Stage
Funding Amount
Investors
September 2017
Angel round
$100K
Angel Investors
August 2018
Venture round
$1 Million
–
3Hcare received an angel fundingof $100K, just within 11 months of its inception. The funds were used to develop the IT infrastructure and enhance the other verticals. Recently 3Hcare also raised a second round of funding of $1 million.
3Hcare – User Acquisition
For 3Hcare, the main focus was to provide the best of services to the public. Word of mouth publicity is something that the healthcare startup focused on acquiring new users. Price transparency and discounted prices/offers have also attracted new customers.
Further, to add to the CSR activities, and spread awareness about the importance of timely diagnosis, the team organizes regular free health checkup camps at various locations like rural areas, slums and villages across India.
The main focus was to deliver the best services to the public. If the services are provided with the best class quality, the word of mouth power by the patients/persons seeking the services are the best reference publicity.
3Hcare – Startup Challenges
In the initial months when the website was under construction, it was a huge challenge for the 3Hcare team to convince tying up with diagnostic centers. Still, they managed to bring around 180 centers. Today the portal is ready with over 1000 test centers (PAN India) to choose from with further verticals yet to be added.
According to Ruchi, apart from developing a reliable team, the other major challenge was to self-check for quality labs before getting associated with them. The task was tedious to completely check each and every lab initially for quality, report accuracy and accreditation.
While the further expansion of 3Hcare’s other vertical – Plan My Surgery, rendering comparative quotes, providing real-time data of bed and doctors availability was initially a challenge.
With the progression of data management in our cloud, synchronization helped to overcome the herculean task. Our main aim was to develop the IT infrastructure and strengthen it with the application of artificial intelligence and machine learning.
3Hcare has established itself as a trusted name among its niche customer base. In terms of patients, booking tests through 3hcare.in have increased 10 folds in the past 2-3 months, and the same is the case with revenue.
3Hcare currently has 400+ diagnostic partners and 40+ hospital partners.
The company’s future plans are-
Launch Diagnostic Centre vertical of 3Hcare with the initiation of website functional throughout the world (with an aim to boost medical tourism in the upcoming years).
Launch all verticals along with Mobile applications on a PAN India basis.
International Tie-ups for the second opinion.
Opening of Branches and regional offices.
Covering PAN India and start of Medical Tourism Services.
Adding new Healthcare and wellness verticals like Yoga, Homeopathy, Ayurvedic and fitness centers.
Starting “Manage My Health” vertical.
To open offline labs throughout the tier 3 and tier 4 cities in India to encourage patients to get timely tests.
Become the Leading Marketplace in India’s Healthcare sector by 2022.
Our team has already commenced the opening of offline labs by the name of ‘3Hcare Labs’ in the rural areas. Presently, we have targeted to cover the western UP and Eastern Haryana belt where most backward villages are still devoid of diagnostic centers (that has only sample collection centers, report generation takes 2-3 days there).
3Hcare – FAQs
Does 3Hcare provide Healthcare services?
No, 3Hcare provides details about healthcare services available pan India along with the specialization they have. Users need to register and choose as per their needs.
How much is the registration fee to use 3Hcare?
3Hcare registration fee is free. After registration, customers can avail themselves of the benefits provided by 3Hcare.
How is 3Hcare review?
3Hcare has average to good ratings. It is quite safe to trust and use 3Hcare.
Who is the 3Hcare founder?
CA (Dr.) Ruchi Gupta, Dr. Ravinder Pal Singh Malhotra & Dr. Gurdeep Singh Ratra are the three founders of 3Hcare.
How much is 3Hcare funding?
3Hcare has around $1.1 Million of funding.
Who are the competitors of 3Hcare?
DocPrime, Zoylo, Renew Health and Spreemo are the top competitors of 3Hcare.
Kunal Shah is an Indian entrepreneur who has tried his luck and become successful in the industry through his hard work. He has successfully shattered the myth that only people with technical or management background can have a fortune in the business field.
Being a philosophy student and then an MBA dropout, he proved that if you have the vision and determination to work for your dreams nothing will stop you. He is the co-founder of Freecharge which was launched in 2010 along with his friend Sandeep Tandon.
His vision and prediction of the booming market of online recharging did not go wrong. After its successful run, it was acquired by Snapdeal for around $400 million. He later founded the members only credit card payment app, CRED in 2018.
Apart from that Kunal Shah is also an active angel investor who has helped significantly in the growth of startups like Spinny, Unacademy etc. He did not forget his experiences after he became successful. He yearns towards creating an ecosystem where entrepreneurship will thrive in India. He strongly believes that his will to see more entrepreneurs from India is what pushes him forward. Here are a few startups in which Kunal Shah has invested.
Plum is an employee based health insurance startup that was founded in 2019 by Abhishek Poddar and Saurabh Arora. Over the years, it has completely altered the notion of employee health insurance stack by introducing innovative fraud detection algorithms. Its real-time designs and pricing makes it extremely easy for the users to navigate through their website.
Plum aims to build better and deeper API integration along with insurers like care health, ICICI Lombard, new India assurance etc. In 2021, Kunal Shah along with a few others had invested around $20 million in the firm.
Plum aims to use these funds to augment its business development, engineering and operations teams. It also envisages building new products that are suitable for small businesses that have smaller teams.
Qoohoo
Qoohoo is a mobile app which allows creators to launch their private community that focuses on monetisation. It was founded by Vimal Singh and Aseem Gupta. Kunal Shah along with a few other angel investors invested close to $8 million in this creator-based social platform.
This Bangalore-based company will utilise the fund to further build on their engineering and product teams. As of now they have seven members and they aim to expand their team up to 10 to 12 in the next one year. The investment was announced in March 2021.
Mensa Brands
Mensa Website
Mensa Brands is a startup founded by ex-Myntra and Medlife co-founder Ananth Narayanan. They aim to build global digital brands from India by collaborating with different entrepreneurs, by making investments into their business and by providing the company’s expertise to scale the brand.
In May 2021, Kunal Shah along with other investors like Falcon Edge Capital, Northwest Venture Partners, Mukesh Bansal etc invested over $50 million in Mensa Brands during a series A funding. The startup plans to make use of the funds to improve their marketing strategies and working capital so as to work with more brands.
Unacademy
Unacademy is an online education platform that was founded in 2010. Since then the startup had been thriving, revolutionising the entire notion of online education in India. In 2015 Kunal Shah along with other angel investors like Sachin Bansal, Vijay Shekhar Sharma, Binny Bansal, invested a total of $1 million in the startup. The funding was led by Blume Ventures.
Onsurity
Onsurity Website
It was launched in 2020 with just 700 SMEs with them as healthcare partners. Initially they only had around 70,000 users. The company’s aim to democratise healthcare for all including small businesses was a very innovative idea which led to their expansion in a very short span of time.
The firm became the first digital platform in India that provides monthly employee benefit subscriptions to the users. In April 2021, this Nexus Venture Partners backed healthcare startup Onsurity received an undisclosed amount of funding from a group of investors.
Kunal Shah was a customer who turned into an active investor as far as the startup was concerned. The startup was also supported by other investors like Jitendra Gupta and Amit Lakhotia. The firm aims to develop their tech stack and enhance customer experience by utilising the funds received.
FamPay
Fampay Website
FamPay is a Bangalore-based startup that aims at raising a financially aware generation of Indians. It was founded by Kush Taneja and Sambhav Jain. In June 2021 many investors especially Kunal Shah, Vladimir Tenev, Kevin Lin , Global Founders Capital invested a whopping $38 million in series A funding that was led by Elevation Capital.
The firm plans to use the fund to build their leadership team and fuel future growth that accommodates more users through marketing and launching many more attractive features on their platform.
Considering the fact that more and more teenagers below the age of 18 are going to use smartphones, FamPay is gearing up to make use of this opportunity to create an early relationship with the future citizens. This is to ensure that the firm will become their go to brand when it comes to payments with smart cards without actually having a bank account.
Spinny
Spinny website
This startup was founded in 2015 by Niraj Singh. Currently it sells refurbished used cars. They sell around 1500 cars every month and their business is growing at a rate of 15% month on month. In June 2017 this startup received $1 million through series C funding. And as usual Kunal Shah was an active angel investor in this fundraiser.
Spinny aims to improve customer experience and expand business by strengthening technology and product utility through the fund received. Currently Spinny operates in more than nine city’s and already has plans to expand to more cities by the end of 2021. However, Kunal Shah had announced earlier in June 2019 that he had fully exited Spinny.
Carl Pei’s New Venture
In December 2020, the OnePlus co-founder Carl Pei had announced that he will be going to start a new venture. However he did not share much details about the same. The angel investor Kunal Shah had his contribution in his new venture as well. They received seed funding of more than $7 million from people including Kunal Shah.
Other private investors including Kevin Lin, Steve Huffman, Paddy Cosgrave, Josh Buckley etc were part of it. All that we know about Carl Pei’s company is that it is related to consumer electronics.
Other Startups in which Kunal Shah has invested
Zepo
Bharat Bazar
Innov8
Betterhalf
Blissclub
Goalteller
Antwak
Razorpay
DailyNinja
Pocket Aces
Voonik
FAQ
What is the qualification of Kunal Shah?
Kunal Shah graduated with a Bachelor of Arts degree in Philosophy from Wilson College, Mumbai and briefly pursued an MBA from SVKM’s NMIMS before dropping out.
What is the net worth of Kunal Shah?
The net worth of Kunal Shah is $800 million as of 2021.
Who is Kunal Shah?
Kunal Shah is an Indian entrepreneur and venture capitalist, he is also the founder of FreeCharge and Cred.
Starting your own business or what we call now a startup can both be overwhelming and scary. Funding is something that is needed heavily in this line or for anything you do even while organizing an event. According to a study conducted by “Forbes,” “about 10% of startups survive, despite the fact that 90% fail.” Businesses, specifically emerging companies, have a difficult time raising funds. How can you get that first investment so you may expand your business?
When it comes to raising capital for enterprises, many entrepreneurs approach investors and pitch their idea right when they need it. The difficulty here is that why would an investor give you a huge sum of money if they have no idea who you are? There are a number of things that can help you turn your startup idea into the successful firm you’ve always imagined. In addition to working on your business idea, you are also the banker for it. You’ll need a business and a marketing strategy. Most significantly, you’ll need to learn how to raise funds and find investors.
When looking for investment for your startup, there really are a number of options to explore. Some funding alternatives may make more sense than others depending on where your firm is in its development. Choosing an appropriate investor could make or destroy your firm, whether you’re crowdfunding or leaning toward the private investment sector.
Unlock Your Startup’s Potential with Our Exclusive Investor Lists and Resources
Supercharge your startup’s success with our comprehensive resources. Access investor lists, pitch decks, KPIs, and fundraising guides. Connect with pre-seed investors, angel networks, and family offices, while mastering VC pitches. Ignite your entrepreneurial dreams today!
Approach Investors for Funding – Initial Plan of Action
You can approach an investor in a few different ways to get him or her to invest in your startup. When you pitch for funding, it is essential that you have all the information about your startup, as a little misinformation may cause the rejection of the proposal for the investment.
1. Early on, establish a network
The sooner you begin, the better. Entrepreneurs must meet investors in the early stages of their businesses. Learn about the industry they invest in and allow them to learn about your business. This helps in building a strong network for the later stage of investment. Sending a pitch deck to them later will feel less awkward if you create an informal relationship with the investors at first. During the idea stage, most entrepreneurs’ gets a financial aid from friends and family. These are generally your constant supporters or people closest to you who want to see you succeed.
2. Know how to pitch the Idea
While investors may trust in your business, their investment is ultimately a means to an end – they want to profit from it. As a result, it is important to emphasize how investing in your company would benefit them directly. While pitching, have your basics in place. If you are pitching to an established company or any other businessman the easiest method to stand out and stimulate a person’s curiosity is to show them exactly how and when they’ll get their money back.
When you are pitching you may want to show them your initial results. It could be your business graph, potential customers or stakeholders you aim to bring in the future and how. Also building a strong team and showing them that you have a team which means business.
4. Ask for Advice
By proactively approaching an investor for advice initially, you may be able to build relationships with them that leads to a stronger desire to invest in your company later. It allows investors to bring out potential weaknesses in your business while also demonstrating that you value their opinion.
5. Benefit from the internet fundraising sector
While networking in person is crucial, your location should not be a stumbling block to securing financing. With the prominence of crowdfunding websites available like Kickstarter, Indiegogo, FuelADream, and Milaap, you’ll no longer be limited to the traditional way. More than this, try and take help from social media. Grow your firm on Social Media. The more digital the business gets the more social attention it will get.
6. Get the Traditional way and take help from the Bank
If you can secure favorable terms, traditional bank loans could be a helpful funding choice. Banks often offer the lowest interest rates on business startup loans and do not need equity in the company. Bank loans have a lengthy application process and a high credit score is required. A bank may need you to sign a personal guarantee on the loan in exceptional instances. This means that if the loan is defaulted on, they can recuperate their losses from personal assets.
Approach Investors for Funding – Conclusion
The argument would be that investors receive a lot of inquiries on the funding, and one approach to stand out is to have someone who they trust highlight you as worthwhile and worth paying attention to. Many investors won’t even reply to startups that don’t have a warm introduction because their deal flow is too heavy. Pause for a moment and consider how to create a ‘critical path’ for investors. This may have an impact on your future investor relationships. Ensure you get it right the first time so you don’t have to go searching for another chance.
“City of Dreams”, as many people express Mumbai, is a place that helps bring dreams to reality. Angel Investors are one of the means for you, to help achieve your dreams. Thereby, find the list of Angel Investors in Mumbai and get an insight on their specific Market Interests, Contact details and Major Investments. It is also essential for you to clear certain Myths about Angel Investors. We are here to help you out on all of it.
Mumbai isn’t just the well-off city, but the Economic Hub of India, that has various Industrialists, CEOs, Entrepreneurs, Well-known companies, Directors, Producers, Artists, and what not! The place ‘Mumbai‘ has its own culture and architecture that makes it the spot of tourist attraction. Well, a place that is full of life and energetic minds, requires a guide and a financial supporter to enthusiastic people, for building up the initial base of their dreams. Thus, here comes the Role of Angel Investors who act as wizards for breeding minds to help them act upon their dreams.
Before, moving ahead to get insights on Angel Investors, Lets’ understand the Pre-built Myths about Angel Investors and the Reality Strike.
Myths vs Reality of Angel Investors
Unlock Your Startup’s Potential with Our Exclusive Investor Lists and Resources
Supercharge your startup’s success with our comprehensive resources. Access investor lists, pitch decks, KPIs, and fundraising guides. Connect with pre-seed investors, angel networks, and family offices, while mastering VC pitches. Ignite your entrepreneurial dreams today!
Arihant is the MD at Ideaspring Capital (an early-stage VC) and Hive Technologies (platform for launching startups in big data space). He acts as the MD at Patni Financial Advisor and as a Director of Nirvana Venture Advisors. An Entrepreneur, Financial Advisor, and Venture Capitalist, Arihant completed his B.Sc in Chemical Engineering from the reputable University of Pennsylvania and MBA from Babson College, with concentration in Entrepreneurship. He also did a Masters in Statistics from Columbia University.
Anupam Mittal is the Founder & CEO of People Group, which has created ventures like Shaadi.com, Mauj Mobile, and People pictures. He is one of the prominent angel investors in Mumbai with over 20 investments. He completed his studies in Commerce field from the esteemed Boston College. Before People Group, he served as the Product Manager at MicroStrategy in Washington.
Ratan Tata, one of the most influential business tycoons of India, is an investor & philanthropist. He is the recipient of India’s esteemed awards Padma Vibhushan and Padma Bhushan for his immense contribution to the country. He was associated with advisory boards for various companies like Mitsubishi, Temasek, JP Morgan Chase, and Rolls Royce. He serves as the former Chairman of the Tata Group. He completed his Bachelor of Arts from the esteemed St. Xaviers College, Mumbai.
Markets Interested
Digital Media, Education, Healthcare, Ecommerce, Technology
Anirudh, the MD at Artha India Ventures (an early-stage investment firm) is an energetic investor in startups and also a prominent member of the Indian Angel Network. He has a vast understanding and experience of the Indian Startup Ecosystem. He is always on a hunt to find new ideas and accept new challenges. Before Artha Ventures, he acted as the Investor director at FindUrClass and Klip.in. he obtained his Bachelor Degree in Economics & Business Administration from the esteemed Austin college
Zishaan is a successful entrepreneur and a prominent angel investor. He is the Founder and CEO of Toppr, an online education platform. Before getting associated with Toppr, he also co-founded a Phone commerce marketplace Chaupaati Bazaar, which was later acquired by the Future Group. He has also worked with Opera Solutions on various strategies and consulting projects. Being a graduate from IIT Delhi, in 2015, he was awarded the Young Alumni Achiever Award.
Anand Mahindra, the Chairman of Mahindra group, is a reputable businessman and also an active investor in emerging startups. He founded Project Nanhi Kali, an NGO that provides financial and academic support to underprivileged girls across India. He was included in the Fortune Magazine’s List of ‘World’s 50 Greatest Leaders’. He did his MBA from the reputable, Harvard Business School.
Anand Mahindra’s Investments
Thinkerbell Labs, Local circles, among many others.
Kunal, the Co-founder of FreeCharge (Online mobile recharge platform), is a successful entrepreneur, mentor, and among the top angel investors in Mumbai. He acts as an active advisor at AngelList. He is also the Founder of CRED, Advisor to the board at Times group, and had been an advisor at Sequoia Capital.
Sandeep Tandon, the Co-founder of FreeCharge (Online mobile recharge platform), is an active angel investor in Mumbai. He has invested in and mentored various early-stage startups. Being the Member Board of Directors at CRED, partner at Whiteboard Capital, Non-executive chairman of Aavas Financiers, and the Member of Board of Advisors of Iron Pillar, Sandeep got exposure to various domains. He completed his studies in Engineering from the esteemed University of Southern California.
Markets Interested
Digital Media, Ecommerce, B2B, Online Marketplaces, Matrimonial, Healthcare
Sandeep Tandon’s Investments
Pocket Aces, Bharat Bazaar, ShaadiSaga, Flyrobe, Spinny among many.
Sanjay, the Director of CORE (Centre of Recognition and Excellence), is a prominent angel investor of Mumbai. He was the recipient of the “Angel Investor of the Year” award by LetsVenture in 2017. He is an active member of Indian Angel Network, Mumbai Angels, B2B 1K Ventures & CIO Angel Network, Venture Nursery. He has angel invested in more than 100 startups in diverse sectors. He did his Executive education in Venture Capital from the esteemed The Wharton School.
Ronnie, the Co-founder & Chairman of upGrad and also the Founder of Unilazer Ventures, is an entrepreneur and an experienced angel investor. He is also famous for the creation of UTV, leading Mass media aggregate. He did his Bachelor’s degree from the Sydenham College of Commerce & Economics.
Jitendra, the Founder of Citrus Pay, Jupiter, Lazy pay & MD of PayU India, is a well-experienced angel investor. He has got expertise in the field of Banking & Financial Services industry. Before Citrus, he was associated with ICICi Bank and as the Chief Manager of Global Investment Banking Group.
Vishal, the Founder & CEO of GOQii (platform from health and wellness solution), Vishal Gondal, is an entrepreneur cum angel investor. He has acted as a major contributory in modifying the journey of many startups. Believing in leading and motivating startups to get extraordinary results, Vishal expresses the importance of extra effort & commitment Before, he was associated with the Walt Disney Co. and India Games Ltd.
Haresh, Partner at True North (Private equity firm), is one of the active investors in the Indian startup ecosystem. He is an alumnus of the reputable IIT Bombay & IIM Calcutta. Earlier, he had been associated as a Group CEO at Viacom18 & Network18. He also acted as the General Manager of Times Group & the Amitabh Bachchan Corporation.
Ajeet Khurana, the Former CEO of Zebpay (Mobile wallet for cryptocurrencies), is an entrepreneur and angel investor. He is skilled in building teams, ensuring performance, scaling, digital strategy, planning, and negotiation. He was also associated as an Advisor at Kalaari Capital, a Consultant at ii5 Ventures ltd and as the CEO of IIT Bombay’s business incubator: SINE. He completed his MBA from The University of Texas at Austin.
Markets Interested
Cryptocurrency, E-stores, Fashion, Technology, Digital Media, Healthcare
Ajeet Khurana’s Investments
Medd, WittyFeed, Leaf Wearables, Stitchwood among others
Sanjay, an Operating Partner at GSF India (Venture capital firm & accelerator), is a wise mentor and an active angel investor. His portfolio is majorly composed of tech startups. He also acts as an Independent Director at Easy Home Finance Ltd. Earlier, he served as the President & CMO at Reliance Capital and also as the Marketing Head at Allianz Life Insurance. He excels at negotiations & alliances.
Anuj, the Co-Founder of Venture Catalysts (Start-up Incubator) & Samyakth Capital (Hybrid growth fund), is among the prominent angel investors in Mumbai. He has over 15 years of experience across various fields which includes real estate, financial services, manufacturing, and internet companies. By profession, he is a chartered accountant.
Markets Interested
Digital media, Cryptocurrency, Fintech, Ecommerce, Education, Real Estate
Anuj Golecha’s Investments
LenDenClub, Inc42, Koinex, Fynd, Supr Daily, Bharatpe among many.
Japan, the Co-Founder & Managing Partner at Sixth Sense Ventures, is a well-experienced angel investor. He has mentored and invested in various Indian startups and helped them in their journey of growth & development. He is also the Chartered Member of TiE Mumbai. Earlier, he served as the Director at IDFC Investment Advisors Ltd.
Anand, the CEO at Everest Flavours ltd., is an active member of the Indian angel network and Mumbai angels. He has got immense experience in International Trade.
He is also member of National Executive Committee of FICCI (Federation of Indian Chambers of Commerce and Industry), Managing Committee of FIEO (Federation of Indian Export Organisations). He has his footprints set on various social and charitable organisations.
Amit, the Co-Founder & Director of Raay Global and also the Chairman of Nirvana Venture Advisors, is a prominent angel investor in the Indian startup ecosystem. Additionally, he is also a promoter shareholder of Patni Computers and former Director of PCS Technology Ltd., Partner at The Hive-India & Ideaspring Capital. He holds a Bachelor in Commerce and an MBA from Babson College, Boston.
Vaibhav, he is a partner at Karnavat & Co and a prominent angel investor. In addition to that, he is a partner at Itreat Grocers LLP and also acted as CEO of Jewelex International Pvt Ltd. He did his Bachelor of Commerce in Accounting & Finance from the H R College of Commerce & Economics and is Chartered Accountant by qualification.
Dr. Apoorv, the Co-founder & President of Venture Catalysts, is one of the prominent angel investors in Mumbai. He also acts as the Board member at TiE Mumbai. Earlier, he served as the Vice President of Indian Angel Network and as the General Manager at Amity Innovation Incubator. He did his Ph.D. in Incubation from Amity University, Graduated in Engineering from HBTI, Kanpur, and Diploma in Mentor Studies of Berkley Institute of Management, University of California, USA.
Rajeev, the Founder of Magnetic Partners, is a well-experienced angel investor in the Indian start-up ecosystem. Earlier, he acted as the CEO & MD of JM Financial Services.
Pravin, He is the General Partner at Seedfund (Early-stage venture capital fund) and the owner of the Infinity Technology Venture Fund. In addition to that, he acts as the Board Member of TiE Mumbai and as an Advisor at Aavishkaar India Micro Venture Capital Fund.
The Founder & Director of Malpani Ventures, Dr. Aniruddha, is a doctor-turned angel investor. He also acts as the Director at Solidarity Investment Advisors and the Board member of Invention Labs.
Aakrit, the Co-founder & CEO of Haptik (Conversational AI Platform), is an entrepreneur and an active angel investor. He is also the co-founder of Flat.io, a real estate platform and the Director of Winmark Enterprises Earlier, he served as the director at Flurry Inc., Business Technology Analyst at Deloitte Consulting LLP and as a Financial analyst at Chicago Transit Authority.
Markets Interested
Education, Technology, AI, eCommerce, Healthcare
Aakrit Vaish’s Investments
Unacademy, ION Energy, Dataweave, Haikujam, Tookitaki, Talent Litmus among others
Bharat, the CEO & Senior President of Aditya Birla Group, is an active member of the Indian Angel Network, CIO Angel Network, Venture Nursery, and The Indus Entrepreneurs. He is an experienced person in varied fields like Strategy, Mergers & Acquisitions, business development, and investing. He is the recipient of the “Professional Achiever – Finance Sector” Award from the ICAI.
Bharat Banka’s Investments
OYO, Perpetuiiti Tech, Invenzone, TalView, Vegayan, AdStringo, InstaSafe among others
Devesh Chawla, Founder & CEO of Chatur Ideas, a Startup enabling platform. He is an active investor, TEDx speaker, and mentor to budding entrepreneurs. He is a recipient of various awards which includes “Youth Leadership Award” by Trade Commissioner of Canada, “Mahatma Gandhi Samman Award”, “Entrepreneur of the Year 2018″ and “CEO of the Year 2019”
He did his MBA in Finance and Insurance from the Mumbai Education Trust-Institute of Management and his Bachelor’s Degree in Computer Engineering from the Rajiv Gandhi Institute of Technology.
Devesh Chawla’s Investments
NUOS, Cloudrino, Hublio, Koonk Technologies, and others.
Vikram, the Founding partner at 8i Ventures, is a prominent angel investor. He also acts as the Board Advisor to Blue Tokai and Signzy, and the co-founder & Board Member of Eight Capital. He did his MBA in Accounting & Finance from the New York University, MBA in Personnel Management & Industrial relations from the XLRI Jamshedpur and Bcom in Finance from the Shri Ram College of Commerce.
Farooq, the Co-founder of Fynd (Online Shopping Platform), is an entrepreneur and an active angel investor. He is a graduate from the IIT Bombay and also was associated with Opera Solutions before founding Fynd. He is an alumnus of the esteemed IIT Bombay.
Abhishek Shah, the Founder & CEO of Wellthy Therapeutics is a prominent angel investor in the Indian startup ecosystem. He did his MBA in Finance, strategy & Leadership from the Esteemed Indian School of Business.
Markets Interested
Consumer Internet, Enterprise Software, E-commerce, IT, Food & Beverage, AI, Healthtech, Big Data
Abhishek’s Investments
Bizly, ZipDial (Acquired by Twitter), Innerchef, Haptik, Greatist, Silverpush, Meddo Health, myUpchar.com, Doxper, among many
Sohil is an Early stage investor and a prominent entrepreneur. With experiences in firms like Bank of America, Fortune Financial Services & Intellecap Impact Investments, he has explored his field of interest with enthusiasm and curiosity. He completed his MS in Finance from The University of Michigan.
Bhavik, the Founder & Chairman of Vamaship (India’s largest e-commerce logistics marketplace), is a focused investor & entrepreneur. He also serves as a Director at BVC ventures. Being a part of various angel networks, he has gained exposure in several tech enabled startups. With regards to academic exposure, he was part of Harvard, London School of Economics, Indian School of Business, Singularity University & Narsee Monjee.
Markets Interested
Mobile Advertising, Social Media, Digital Media, Transportation, Logistics, E-commerce, Travel & Tourism, Software Technology
Siddharth is the Founder & CEO of Noesis.tech. He was also the founding partner at 369 Solutions. With a keen passion for technology, Siddharth constantly attempts to create a platform to monetize knowledge.
Being associated with Protiviti India & StyleCracker as Consultant and Advisor at Umoja & FoxyMoron Media Solutions, he gained immense experience and exposure in his field of domain.
This was our list of Angel Investors in Mumbai. Hope the contact details of these Angel Investors helped you! If you are an investor or know any Angel Investor in Mumbai, connect with us at shubham@startuptalky.com to get featured in the list.
Fundraising is a tough nut to crack for many startups. But with a growing startup ecosystem, networks connecting the investors and the entrepreneurs are increasing exponentially.
According to a report, 65% of entrepreneurs admit they were not fully confident they had enough money to start their business. Here are some practical tips from various investors and successful entrepreneurs which might attract investors to your business. It can help you raise investments to scale your business.
Business Plan to Attract Investors To Your Business
An investor is always interested in the business plan apart from an idea. An idea might be unique or innovative but a business plan is what makes it effective. Your business plan must include details about your target audience, sales forecast for coming years, a problem which you are going to solve, go-to-market strategy and your plan for scaling the business. A most important factor to keep in mind is the uniqueness of your product. In other words, how different is your product and what are the existing problems it is catering to?
Presenting your business model through figures and block diagrams might prove fruitful and productive. One suggestion which many people from the ecosystem advice is, to keep things simple and not to complicate them. Keep your business model realistic, logical and rational. You can also take the help of analytics to derive conclusions about specific grey areas where your product can actually bring a positive impact.
In this age of internet and digital era, having a virtual reach proves to be more productive. Create an account on different social media platforms to maximize your reach. An account on platforms like LinkedIn, Indian Angel network, Quora might also prove useful. If possible maintain a blog, in which your experiences, data, analysis, viewpoints can be published, this would help connect more people with value adding benefits. You can also entertain guest posts from experienced industry people. This might help to attract investors to your business. Whenever a potential investor visits your profile and sends you a connection, accept it and take no time to initiate a conversation with him. The biggest advantage of these sites is, you can follow investors who invested in companies similar to yours and can also track your rival companies. On the other side of the coin, if not handled properly, it might deter your image in a few seconds.
Build Network to Attract Investors To Your Business
“Your network decides your net worth”, a popular saying in the startup world. Before approaching an investor, it is always advised to note down at least 40-50 potential VCs and AVs. To start this, interact with other fellow entrepreneurs who work in the same domain as yours. Interact with successful businessmen and entrepreneurs to know their strategies, mistakes, and experiences. Discuss your idea briefly, business model and finance with them, if any suggestions come from their side, accept it gracefully. Ask them for further contacts, discuss with those contacts and build a network around you. This type of interaction will surely help you in finding potential customers, partners, co-founders, and investors.
Draft a basic email which can be used for contacting different investors via email. Don’t shy away from emailing or contacting. Don’t depress or demotivate on listening to a ‘NO’, because being an entrepreneur one must be immune to rejections.
Present your business idea to your close friends and family. Let them try out your product (if there) and note down their suggestions and reactions. After launching a product or a service, tell your close acquaintances to refer it in their vicinity. Initially, the conversion rate might be very low but marketing is the key. Generally, mouth to mouth marketing is more effective than door to door. If any consumer mails or messages you, reply to him/her and thank them for using your product. Nowadays, building a virtual network is more important than building a physical one.
Confidence is one ingredient which defines or defies a person from success. While presenting your idea and business model it is advised to keep cool and calm. Before presenting in front of an investor, do proper research on that investor. Catching up with mutual contacts or acquaintances also might prove useful.
Some points which will contribute to your confidence:
Emphasizing on why one should invest in your startup along with your short and long term visions will help to grab the attention of investors.
Always focus on short and crisp PPTs, well illuminated with pictures, diagrams, charts, tables and bullet points. Refrain from copying and focus more on originality.
Another point to be noted is, always be proud of your idea and never ever doubt yourself, your team or the idea.
Be more optimistic and don’t get panicky.
Answer all the questions in a simple manner, don’t let your one answer counter another. Stick to the basics, your idea, your vision, and your current scenario.
Don’t bluff or speak unwanted things.
Keep yourself open to suggestions and don’t be afraid to speak up if any suggestion or advice overlaps with your ideology or ethics.
Generally, investors want to see an expected return on their investment. Investors want to get their money back with an annualized internal rate of return. Investors are interested to invest money into growing businesses so that they can make money.
How do investors get paid?
Investors get paid according to a preferred way which is settled between the startup and investors. They can be repaid on a straight schedule, they can be paid back based upon their percentage of ownership, or they can be paid back at a preferred rate of return.
Conclusion
Finding investor is not that tough job if you know about pitching. If you can show better, they will invest better. However, each and every investor have his own way of dealing with entrepreneurs. Some invest in the startup idea, some invest in the business plan, whereas some invest in the team. So, you either need to get better in all the aspect or pitch to the investor which suits you the most.
A business startup comes with a lot of responsibilities. If you’ve got a business idea and you think it could make a change in the market, it’s up to you to make it a reality. Funding is an essential part of any business, as, without the seed money, you’ll be unable to fire the starting gun on your startup.
Entrepreneurs are an incredibly clever and industrious bunch, but many are in the dark about how to fund their startup business idea, preferring instead to focus their energies on a core offering.
Great ideas can only fulfill their potential if they are backed by a stable investment. These are some of the ways you can fund your startup:
How Startup Funding Works.
1. Personal Money
For many people, the first inclination is to use personal money to make essential purchases. With a new startup creating so many different needs for money, it can be rather challenging to decide what needs to be funded first.
Business costs start right from the time you decide on a business name. For instance, to retain that business name, you need to register a company name via a company formation. Registering a new entity costs money, but it is one of the first requirements to legitimizing your idea.
Personal money can come from savings, and you can finance everything yourself, leaving you with total equity in the organization. One important factor to keep in mind is not only will you need cash for business purchases, but you will need working cash flow. You probably have other financial responsibilities. Therefore, you will need funds to deal with these. If you use up all your savings for your business startup idea, it could leave you in a precarious situation financially as you move forward.
Money Management Tips
2. Seek for Angel Investors
There are some people out there whose sole job is investing in businesses that might help them make even more money going forward. These are known as angel investors and they have plenty of money to spare. These are the people you should be pitching to if you think your business idea is innovative and has the potential to make big money in the future.There are many online angel investment networks, as well as local investor groups you can pitch to in person, so do your research and start submitting your pitches.
Find the right angel investor and not only will you benefit from their financial support but also their wisdom: oftentimes, they offer mentorship as a side dish alongside their capital. Although they generally offer less financial backing than banks and venture capital funds.
Crowdfunding has taken off in a big way over the last few years. Crowdfunding is a favorite of the digital economy, and probably the quickest way of obtaining finance for a new business. All you need is a compelling pitch, one which strongly references your start-up’s potential for growth, as well as a knack for interacting with your cash-rich community. The sooner you get started and get creative with your crowdfunding campaign, the sooner you’ll start to draw more people in.
As a side benefit, crowdfunding is a nifty form of advertising, a way of stimulating public interest in your company before it’s even made its debut.
4. Bank Loans
In the modern age, it almost seems anachronistic to seek a bank loan. But if you have a solid credit history or existing assets that you’re happy to offer as collateral, as well as a workable business plan with clear profit forecasts, it’s still possible to launch your start-up with an infusion of bank cash. If you want to get money, it makes sense to head to a bank where they have lots of it. Their loans might come with harsh interest rates that could cause you plenty of problems further down the line though.
5. Find a venture capitalist
Finding a venture capitalist who shares your vision, or at the very least believes in your ability to turn your idea into a successful, profitable venture, is a good way of raising cash. The main con with this option is that venture capitalists are typically looking for the next big thing and so, many entrepreneurs struggle to convey the scale-ability of their enterprise.
Venture capital funds, by their very nature, have a short shelf life as they generally seek to recover their investment, turn a profit then move on to the next fresh startup.
6. Pursue startup grants
Grants are great for people who don’t know where else to turn. If you have an unusual idea that investors and banks are scared of and crowdfunding doesn’t seem like a realistic option for you, it makes sense to apply for startup grants. While you shouldn’t expect to be cut a massive cheque, there are dozens of grants available, offered by national and state governments (as well as private enterprises) in the interests of stimulating the economy and growing the jobs market so it’s worth checking out your options for funding your startup.
The main drawback is the fierce competitiveness of such grants, as well as the box-ticking involved, it can be a frustratingly drawn-out process, but that’s the tradeoff for retaining equity.
7. Family and Friends
Lastly, the idea of hitting friends and family for cash doesn’t sit well with some entrepreneurs, but many of the world’s top magnates readily admit to borrowing from their social network early in their careers. As such, you should have no compunction about doing the same.
On the other hand, it’s not easy to put together a hefty bankroll relying solely on family and friends; and you have to ask yourself whether you want to risk straining meaningful relationships.
It is difficult to qualify for a small business loan with a credit score lower than 700. Additionally, you should build a strong personal credit score and drive down any debt prior to applying for a business loan.
What do startups use the funding for?
Startups raise funds for various reasons but most often the main purpose is to grow their business. It can take a while for a company to reach profitability and until then, the business needs some cash to keep going.
Who is eligible for startup India?
Being incorporated or registered in India for less than seven years and for biotechnology startups up to 10 years from its date of incorporation. Annual turnover not exceeding INR 25 crores in any of the preceding financial years.
How can I approach angel investors in India?
Here are a few tips to approach angel investors in India are:
Approach angel investors in your niche.
Show them how successful your past business ventures were.
How can I raise money to start a business in India?
Go for Crowdfunding.
Consider Self-funding.
Get in touch with the Venture Capitalists.
Try Angel Investment.
Try Angel Investment.
Focus on the close.
Terms of the deal.
Conclusion
Perhaps a combination of funding options is best, but only you will truly know. All these above options require a great deal of consideration and researching because each of the options that have been discussed here has its own benefits and drawbacks, don’t forget that when you’re making your decision.
The Startup scene in India took off after it realized the potency of this sector. This was not because of some magic and it obviously didn’t happened overnight. This took a long time. It took off due to many internal reasons like massive Fundings, growth of Angel Investors chain, boom in technology and the need to change.
The startup ecosystem in India is the 4th largest in the world. India has produced some very famous startups like Paytm , OYO Rooms , Redbus , Zivame. In 2018, 8 startups were evaluated at $1 Billion. But among a ocean of startups, why only 8 ?
Is India a saturated market?
India stands unchallenged , holding the second spot in global population. It is a major economy that is dependent equally on both the rural and urban sides. However, major startups serves only the pat living in the urban areas. Due to this the population of the rural areas go unnoticed. The main problem is here. Too many startups are serving a very small part. This makes the economy more and more saturated. This chasing of very few customers by a lot of companies makes the startups to fail.
Problems for startups in India
Fear to take risk: A major problem is the Funding in India. Investors in India lack trust and the risk taking factor. Only a portion of investors have the will to give in to a new comer. Due to this a majority of startup population cannot succeed.
Startup rate of nations
Managing the Business: After a business takes off and starts to shape up it is required to be maintained well. Not only from this point. The founders should take care of the management from the start to prevent the company from going into problems like debts.
Pressure from the surroundings: There’s a term for people who gym. Its called ego lifting. Ego lifting is something that is born out of jealousy and pressure from friends. Startups also follow this. This leads to their downfall.
Why Foreign countries?
Countries abroad provide a lot of scope to Startups. Moving abroad gives the Startup a broader audience. A more technological advanced audience. Apart from all the money saving and tax reasons. Moving abroad also enables the startups to gain fame for being associated with foreign countries.
What we all already know is the fact that India doesn’t have a proper infrastructure. Our nation lacks financially, technologically. All this affects the infrastructure directly. Startups move abroad to use the better infrastructure.
Foreign countries have hubs and clusters. Countries like Estonia have special things to provide. They are minimal taxes, low rent places and many other things. Countries like these have there own angel investors chain. Different countries specialise in different sectors. For example Israel is known fro its strong base in Security and Agriculture.
Sales
When it comes to population or number of customers. India is not behind. So, wheres the issue? The issue lies in the fact that not a major portion of the population is through with the technological advancements. Not many are interested to know about what goes around in the world. This narrows the range for any startup in India.
To increase the sales and the range startups move abroad.
Finding Money
To find money one should know where to look. Only 8 Indian startups made about $1 Billion in a year. The failure rate is much more than the success. So, current India is not a place to look for money. Due to this not many investors come forward in order to fund the startups.
So, Indian startups move abroad to get the investments rolling. Above this the population outside India has a very acceptable mindset.
“Businesses, by very definition, are aspirational and going international is part of it. It gives more exposure, better access to financial investors, and of course a hope of revenue growth,” said Yugal Joshi, vice-president of Texas-based consulting firm Everest Group.
Favourite countries for Startups
Serbia
In the recent few years Serbia has seen US companies building up operations there. Serbia is changing rapidly to evolve into a hub for application development , programming and IT outsourcing. The reasons behind this sudden change is the multilingual and well educated population. They also provide for fancy and attractive incentives for IT investments from other countries.
Australia
The countries small yet talented workforce and closeness to Asian markets, makes this a good option for startups. The country also attracts a lot of immigrants who are highly qualified.
Estonia is a place with one of the highest per capita rate in terms of startups. Estonia is the most suitable place for entrepreneurs. It has a very entrepreneur friendly tax policy. It provides many attractive incentives to foreign investors.
India too appears in the list for suitable places. But the country is still like molding clay. It is still building and it would take time. It would take time to generate investors or a proper ecosystem. But for now India is not a suitable ground to play for startups.
The empire of startup circuits has a plethora of companies that aim to revolutionize society. Now, as there is a development in the technology sector, it is high time that the venture capitals come up and support these companies so that their talents do not go wasted. These venture capitals are the catalysts that help people to realize their dreams and hence, work for a better future.
Amongst all the venture capitals, Indian Angel Network is one such company that thrives on helping the talents to realize their dream and has become backbone of the Indian entrepreneurial system.
Quick Facts – Indian Angel Networks
Company Name
Indian Angel Networks
Headquarter
New Delhi, India
Sector
Finance
Founders
Padmaja Ruparel, Saurabh Srivastava, Raman Roy
Founded
2006
What is Indian Angel Network?
This company named Indian Angel Network is a network of investors keen to invest in an early-stage business which can create disproportionate value. The central people of the company are the leaders in the entrepreneurial ecosystem as they have a strong operational experience as CEO’s or a background of creating new and successful ventures. The team of India Angel Network shares a passion to create scale and value for startup ventures.
Indian Angel Network Logo
The company was founded in 2006 as the Indian Angel Network that in addition to money, provided constant access to high-quality monitoring of the companies. The network members, because of their experience and capability are better able to assess the potential and risks at the early stage of any company.
What differentiates Indian Angel Network from Venture Capitals?
Well, till now, you might have got an idea that Indian Angel Network is somewhat unique. To get an insight, here are some of the factors that make them different from traditional companies:
The team of Indian Angel Network comprises of strong entrepreneurial network and operational background of investors.
The team of Indian Angel Network also has the willingness to invest money and time with talented companies and entrepreneurs.
Apart from that, the team can leverage a vast network that makes Indian Angel Network one of the best venture capitals to look out for!
If a simple term sheet is something that haunts you, well, you might be surprised to know that Indian Angel Network has a quite simple term sheet.
Adding on, Indian Angel Network gives quick feedback on the investment decision, hence, you have got someone who has your back.
As discussed, the Indian Angel Network is one of the most unique venture capital firms. Being a mega-company, Indian Angel Network covers sectors like agriculture, e-commerce, education, gaming, financial services, healthcare, hospitality, information technology, internet, lifestyle, manufacturing, mobile, retail, semiconductor, services, and social impact. Presently, Indian Angel Network aims at investing up to USD 1 million with an average of about USD 400-600k and exiting over a 3 to 5 year period through a strategic sale.
The Investment Criteria of Indian Angel Network
The company aims to help out the companies that follow the following criteria:
The company should have high barriers to entry
The team should comprise of a complementary management team
The startup should be a scalable business
Adding on, there should be a differentiated value proposition
Recent Investments made by Indian Angel Network
Recently, the Indian Angel Network invested around 160 crores in startups in major sectors like manufacturing, cleantech, biotech, water, agritech, and cybersecurity. The company has been working closely with the government to help create a more enabling startup ecosystem.
Investments made by Indian Angel Network in 2020
Announced Date
Organization Name
Funding Round
Money Raised
Aug 27, 2020
Phool.co
Seed Round – Phool.co
$1.4M
Jul 20, 2020
Styledotme
Seed Round – Styledotme
₹35M
Apr 28, 2020
Consure Medical
Series B – Consure Medical
₹36M
Feb 27, 2020
MinionLabs
Angel Round – MinionLabs
N/A
Feb 26, 2020
Freshworld
Venture Round – Freshworld
N/A
Feb 18, 2020
MaxWholesale
Series A – MaxWholesale
$3M
Feb 17, 2020
PlanetSpark
Seed Round – PlanetSpark
₹32M
Jan 28, 2020
Carbon Masters
Series A – Carbon Masters
N/A
Jan 16, 2020
ExtraaEdge
Seed Round – ExtraaEdge
$700K
Jan 10, 2020
WebEngage
Series A – WebEngage
$4M
Also, in 2019, the company had stated that it was the year of 11 lucrative exists for Indian Angel Network investors across high-value companies including wench, LBB, TagBox, Proplld, FabAlley, Myspinny, Wow! Momo, Box8, and Native Special.
Well, companies like Indian Angel Network are the backbone of the startup circuit. It is these companies who support the entrepreneurs to be more inventive and hence, work for a better future. Now, with the pandemic haunting the world, it is high time that the venture capitals follow the path lead by Indian Angel Network. These companies have been working closely with the government to create a chance for every entrepreneur to succeed.
As per Padmaja Ruparel, the founding partner of the company, the Indian Angel Network has closed its first fund worth of INR 375 crore in addition to delivering impressive investor return with exists from TagBox and Chakra Innovation. Hence, Indian Angel Network is one of the biggest names in the circuit!
Lakshya Singh
