The new fund is looking to invest in cleantech and environment, healthtech, agritech, edtech, fintech, and emerging sectors like industry 4.0, spacetech, web 3, and robotics.
Hurricane Ian left a path of destruction in southwest Florida, trapping people in flooded homes, damaging the roof of a hospital intensive care unit and knocking out power to two million people before aiming for the Atlantic Coast.
Ian’s winds, making it one of the most intense storms to strike the U.S. mainland in recent years, diminished significantly after nightfall.
With the new funds, the firm will focus on expanding its presence in Mumbai by opening 20 new stores in the next 12 months.
The investment round was led by IAN lead investors Sanjay Rishi, Raman Roy, and Manipal Group, Indium Finance said.
The company will use the fund to expand to more than 250 kitchens in 75 cities, add brands, hire for leadership positions and invest in technology for clients
The startup will use the funds to expand to new markets and cover more crops
Zypp currently has over 1,000 electric vehicles across Delhi, Gurgaon, Noida, Ghaziabad and Jaipur. It plans to expand to 10,000 vehicles across 20 cities by 2021.
While the early stage entrepreneurs in India are not as seasoned as the ones in the US, there's also not enough risk money going into the ventures, feels IAN.
Sattviko runs a small chain of casual dining restaurants and provides private label brand for traditional Indian snacks.
IAN has a membership base of about 450 investors. In dollar terms, the network invested close to USD 50 million in startups, this year. IAN has invested in over 55 ventures over the last two years.
Venkatesh Shukla, president at TiE Global also questioned the domestic startups‘ urge to create a China like market asking 'which of these Chinese company is globally successful?'
Indian Angel Network (IAN), an investor group of over 350 high networth individuals, has invested an undisclosed sum in Shopatplaces, an e-commerce player that offers geographic speciality merchandise.
The fundraising round was led by investor members of the network Arihant Patni, Vishal Khare and Viswanath Ramachandran, IAN said in a statement here.
CNBC-TV18's special show India's Angels tracks the journey that a band of angels undertook to create India's largest angel investor network. Like many good ideas, this one was born over a round of drinks between friends.
You may have a great business idea, but translating it into a successful business is a not an easy task. It requires a lot of belief, focus, commitment and not to mention, passion to make a mark with your startup.