Indian Angel Network (IAN), the network of angel investors spread across key cities of the country including Pune, Delhi, Bangalore and Mumbai, are now eyeing the cities of Eastern India as they plan to set up base in Kolkata.
The move will accelerate the investments by IAN in states including West Bengal, Jharkhand, Orissa along with North Eastern states. Along with this, the network has also tied up with technology service arm of Usha Martin Group, Usha Martin Technologies.
According to IAN, they have been approached by a number of entrepreneurs from the Eastern region which encouraged them to leverage this region.
- A network of 250 investor members from around the world comprising of entrepreneurs and CEOs of leading institutions
- Funded 50 start-ups across multiple sectors like IT, mobile, Internet, healthcare, e-commerce, gaming and education
- In 2011, IAN invested over USD 8 million in 11 startups, whereas in 2012, it invested USD 11 million, making it almost a deal every 3 weeks
- Few of its portfolio startups include Aurus Network, Alma Mater, Vienova, Druvaa Softwares, Kwench, Gamiana and Peelworks
Startup City, Asia’s largest startup event culminated in Bangalore recently. The event gave budding entrepreneurs a rare opportunity to explore new and upcoming genres of idea.
The 14th edition of startup city aimed at helping entrepreneurs identify the next steps to success. A powerful keynote, informative panel discussions like ‘MOBILE + eCOMMERCE: Instant Gratification, Rapid Growth’; Entrepreneurial keynotes like ‘Against All Odds: From Innovation to Success’ and close knit interactions with successful entrepreneurs made Startup City the perfect event for entrepreneurs to learn important life lessons. The power packed day, marked by informative discussions on ‘The Next Big Thing: Technology Trends Shaping the Future’, Meet the VC’s section and CEO Conclave, attracted more than 5000 active participants across the space, star engineers who build cutting edge technology products, entrepreneurs, venture capitalists and angel Investors. Continue reading Startup Event concludes at Bangalore
The Microsoft Accelerator announced the graduation of its second India batch of technology startups, which is also its Summer Batch of 2013, today. At a Demo Day held at the Microsoft Lavelle Road office here, the 200 plus audience of mentors, industry bigwigs, venture capitalists, angel investors and media professionals witnessed the amazing progress made by each company over the last four months at the Microsoft Accelerator. The nine startups which graduated today are explara, deck, Harness, i7 Networks, iDOS, SupportBee, TableGrabber, Tuebora and Visarity. Continue reading Nine startups graduate from Microsoft Accelerators