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Lead Angels to invest in 10-12 startups by March

It currently has its chapters in Delhi, Mumbai, Ahmedabad, Bangalore and Hyderabad.

May 20, 2019 / 04:40 PM IST

Lead Angels Network plans to invest across 10-12 startups in the current financial year in entertainment, education and transportation sectors, according to Sushanto Mitra, founder and chief executive officer.

This will be doubling the count as it invested across around six startups during the year before.

The average ticket size of the deals would be Rs 1-1.5 crore, Mitra told Moneycontrol.

Out of a dozen, two investments have already happened with one being in the field of logistics. The company plans to disclose the names shortly.