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Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021


Venture capital consortium Indian Angel Network (IAN) is planning to invest over Rs 100 crore in start-up firms across sectors in 2021, according to a governance committee member and co-founder of the network.
IAN co-founder Padmaja Ruparel told PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space.
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, Ruparel said.
IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. In 2020, IAN exited 3-4 companies after registering 15 times growth on the invested capital. ....

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Startup India International Summit I India holds meeting with 70 global funds to spur startup investments


Updated Jan 17, 2021 | 07:24 IST
The meeting was chaired by Union Minister Piyush Goyal, Minister of Commerce and Industry, and attended by DPIIT officials, major Indian regulators, policymakers, along with Global VC funds
Union Minister Piyush Goyal  |  Photo Credit: Twitter
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry held a roundtable meeting with global funds on the day 1 of Prarambh, Startup India International Summit on January 15, 2021.
The saw participation of around 70 venture capital (VC) fund investors from United States, Japan, Korea, Singapore, and some global funds domiciled in India. These funds have a total AUM to the north of $41 billion in the Indian region and Global AUM of more than $143 billion. ....

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