Indian Angel Network (IAN), Venture capital consortium, is looking to invest more than Rs 100 crore in startup firms across sectors in 2021, according to a governance committee member and co-founder of the network.
Padmaja Ruparel, IAN co-founder, said to PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space.
Ruparel said, “We will invest and we will exit both, and we will give returns. I think we will do much better than what we have done this year. I think more than Rs 100 crore we should look at.”
Indian Angel Network is a network of Angel investors keen to invest in early stage businesses which have potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had experience as CEOs or a background of creating new ventures.
Started in April 2006, the Indian Angel Network in addition to money, provides constant access to mentoring, networks and inputs on strategy as well as execution.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.