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Moneycontrol had earlier reported that Thakkar would exit by November 19. Meanwhile, interim CFO Ambarish Raghuvanshi has taken charge.
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he tech veteran says the shake-up in the start-up ecosystem in 2023 is a byproduct of easy money, lack of experience in institution building and greed.
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Once upon a time, angel networks were a crucial part of India’s startup scene. A decade on, these legacy networks are fighting for relevance as competition has shot through the roof, there are internal conflicts of interest, unhappy members and a business model being questioned.
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As part of the Rs 20-lakh crore financial package announced by Prime Minister Narendra Modi, the government has announced a number of initiatives to help various sections of the society
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However the numbers point towards a growth trajectory given that $293 million has been raised in just nine months of 2018 against $313 raised throughout 2017
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Sattviko runs a small chain of casual dining restaurants and provides private label brand for traditional Indian snacks.
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The two-year old start-up has previously raised funds to the tune of USD 1.1 million (Rs 7.35 crore) as pre-series A and USD 3,76,000 (Rs 2.5 crore) in angel investment.
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Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem.
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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.
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Instead, companies need to focus on ways to create an "enabling environment" without closing the doors for foreign players, angel investor Saurabh Srivastava said.
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Tech giant IBM and Indian Angel Network (IAN) have partnered for technology innovations in startups where IAN portfolio companies and members will work with IBM to build thought leadership by leveraging design thinking workshops and IBM IX Studios programme.
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The pre-series A round also saw participation from PayTunes' existing investor, CIO Angel Network as well as Apurva Parekh from Pidilite and Sanjay Mehta.
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Peesh Venture Capital (PVC) a global venture capital firm focused on funding and nurturing passionate entrepreneurs and disruptive technologies today ...
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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.
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The fundraising round was led by investor members of the network Arihant Patni, Vishal Khare and Viswanath Ramachandran, IAN said in a statement here.
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Not every start-up needs an incubator. But for those that do, which incubation programmes do you choose? And, no, 'incubation' is not synonymous with 'funding'
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As part of our Young Turks tradition we welcome the New Year with a panel discussion to spot the big ideas for 2014.
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Here is a round up of all the entrepreneurial headlines in the week gone by on YT News Feed.
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The grand finale saw 10 startups battle it out for the ultimate title. The winner and the runners up received Rs 3 lakh in equityless money and going forward they can avail Rs 1 crore of incubation and tech support.
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In this edition of CNBC-TV18's Young Turks, it's time now to turn attention to India's domestic angel investor community which is slowly coming of age. Meet Padmaja Ruparel, president, Indian Angel Network, who has been investing in start-ups for over two decades.
