Data show there are 800 start-ups recognised by government. Start-up sector in country is still in its nascent phase, which is already seeing cautious investors and a large number of them not maturing beyond an idea.
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Tag: Indian Angel Network (IAN)
IAN & BIRAC come together to nurture bio-tech start-ups
Indian Angel Network (IAN), the world’s largest angel network, on August 8 said it has signed a memorandum of understanding (MoU) with Biotechnology Industry Research Assistance Council (BIRAC) to invest into biotechnology startups and bring the ecosystem together to promote biotech industry in I…
Ideaspring capital bets on augmented reality startup Whodat with $600k funding
Bengaluru-based augmented reality startup Whodat has secured $600K (about INR 3.86 Cr) in its latest round of funding from early-stage Venture Fund, Ideaspring Capital. Commenting on the investment, Arihant Patni, MD, Ideaspring Capital said, “Whodat has a great team led by Sriram (Ganesh) and Ka…
Agri-tech start-up FarMart raises seed funding from IAN
Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. O…
Start-up India: Policies abound but limited impact on ground
Propelled by the perceived success of the Digital India and Skill India initiatives, the Narendra Modi government had announced its ambitious Startup India programme in January 2016. Mooted with the objective of creating a conducive ecosystem for emerging businesses in India, an assessment of its…
Get My Parking raises $1.1 mn from IAN, others
Cloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services Chairman Sunil Munjal. The startup will invest the fresh funds to dep…
IAN invests close to $50 mn in start-ups during 2016
India’s largest angel association Indian Angel Network (IAN) invested close to Rs 340 crore in seed and early stage deals during 2016. The network invested in about 30 deals, averaging three deals a month, many of which were follow on rounds in existing portfolio startups. IAN has a members…
Discount app BlueBook raises funds in seed round
BlueBook, a discount and deals app, said it has raised $500,000 in a seed round led by Indian Angel Network (IAN). LetsVenture, a start-ups investment and discovery platform, and independent investors from Singapore and the US also participated in the round. IAN member Avinash Vashishta, who serv…
Digital economy on the rise, funds flow for cybersecurity start-ups
Bengaluru: When Vishal Gupta started Seclore, an enterprise security company in 2010, investors and customers were apprehensive. There was till then no established model of an Indian software provider in the cybersecurity space. “We had trouble establishing trust,” Gupta recalls. Gupt…
IAN, IBM partners to bolster start-up ecosystem
Tech giant IBM and Indian Angel Network (IAN) have partnered for technology innovations in startups where IAN portfolio companies and members will work with IBM to build thought leadership by leveraging design thinking workshops and IBM IX Studios programme. They will also gain a chance to explor…