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Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

Venture capital consortium Indian Angel Network (IAN) is planning to invest over Rs 100 crore in start-up firms across sectors in 2021, according to a governance committee member and co-founder of the network.

IAN co-founder Padmaja Ruparel told PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space.

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“We will invest and we will exit both, and we will give returns. I think we will do much better than what we have done this year. I think more than Rs 100 crore we should look at,” Ruparel said.

IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. In 2020, IAN exited 3-4 companies after registering 15 times growth on the invested capital.

Ruparel said that IAN is present in different segments including in healthcare, biotech, med devices, and wellness.

“I think the other piece is anything driven by data and Analytics. Anything driven by brand, IT. What we are looking at is innovative ideas with good entrepreneurs,” Ruparel said.

She said that the world is looking at India for growth and investment in Jio Platforms during the COVID-19 pandemic is a testament to