Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…
Tag: IAN
IAN announces India’s first & world’s largest maiden fund worth Rs 350 cr
Indian Angel Network (IAN) has become the first angel investor group globally to raise a 350 crore fund. The fund which marked its first close at rupees 175 Crores has industry stalwarts like Kris Gopalakrishnan, the cofounder and ex-CEO of Infosys; Sunil Munjal, joint managing director of Hero C…
CII launches ‘Startup Mentorship Circle’ to build bridges for start-ups
Industry body Confederation of Indian Industry (CII) has taken a leaf out of corporates’ books and is backing startups by setting up its own platform. The ‘Start-up Mentorship Circle’ will provide a common platform for captains of India Inc and startup entrepreneurs to share the…
288 start-ups cumulatively raised $1.36 bn in Q3
Investors continue to adopt a “cautious approach” regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said. According to data by Xeler8, a total of 288 start-ups have cumulatively raised USD 1.363 billion in the third …
Paytunes raises $500,000 from IAN, CIO Angels
Mobile advertisement platform, PayTunes said it has received a funding of $500,000 from Indian Angel Network. The pre-series A round also saw participation from PayTunes’ existing investor, CIO Angel Network as well as Apurva Parekh from Pidilite and Sanjay Mehta. Vishal Khare and Rajeev Ar…