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NRI entrepreneur turns angel, plans to invest in five startups

Even as the Indian startup ecosystem remained relatively slow with respect to venture capital funding in 2016, angel investment was one segment which remained bullish

July 11, 2017 / 05:12 PM IST

Scottish-Indian entrepreneur and founder of UK-based PG Paper Company Poonam Gupta plans to invest USD 250,000 each in at least five tech startup in India in the next 7-8 months.

"We have been looking at multiple companies in India. We are keen on sectors such as grocery delivery, recruitment, agriculture among others," Gupta told Moneycontrol in an interaction.

PG Paper was founded in 2003 by Gupta. The company provides customised paper solutions for customers and exports it to over 53 countries.

Gupta has already invested in three Turkish and British start-ups. These startups are in medical and hospitality businesses.

The entrepreneur turned investor is also planning to set up an angel network with the help of her friends in the UK. However, she declined to divulge more details on that calling it a very early stage.

Even as the Indian startup ecosystem remained relatively slow with respect to venture capital funding in 2016, angel investment was one segment which remained bullish.

It had hit an all-time high during the year ended March 2016, according to a report by Innoven Capital.

The report said that angel investment in India in the financial year 2016 rose by 62 percent in deal value and 47 percent in deal volume from the previous financial year.

The year attracted Rs 113.6 crore across 69 deals. However, the report also pointed out that 46 percent of the startups who raised this money weren't able to raise follow-on rounds.

This year too while the big ticket investments continue to happen albeit, in a cautious and calculated manner, angel investments will continue to remain upbeat multiple new investors coming on the block.
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first published: Jul 11, 2017 05:12 pm