Moneycontrol
Last Updated : Aug 08, 2016 10:10 PM IST | Source: CNBC-TV18

Startup Action: Silicon Valley's AngelList enters India

Silicon Valley based AngelList, an online platform which allows startups to raise capital from accredited investors, has finally entered India and online taxi aggregator Uber plans to hire over 150 people in the next few months to ramp up its customer support operations in India, reports CNBC-TV18‘s Syna Dehnugara.


Silicon Valley based AngelList, an online platform which allows startups to raise capital from accredited investors, has finally entered India. Angel investor Utsav Somani who previously worked with LetsVenture will spearhead AngelList's operations here. In a Medium blog post, Utsav disclosed that he would be advising AngelList in India, and "will primarily be responsible for bringing syndicates to India", reports CNBC-TV18’s Syna Dehnugara.


AngelList founded in 2009 by Naval Ravikant has built a "Syndicates" model that let's well-connected and high-performing angels bring in more capital from their personal network.


Also, online taxi aggregator Uber plans to hire over 150 people in the next few months to ramp up its customer support operations in India. Uber counts India as its third largest market in terms of number of trips after the US and China, currently has about 350 people at its Hyderabad facility handling rider and driver support.

Watch video for updates on GoJavas’ temporary suspension of operations and Airbnb’s fundraising plans.

First Published on Aug 8, 2016 09:48 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant