1. InnerWave Ventures to invest in 20 start-ups in 3 years

InnerWave Ventures to invest in 20 start-ups in 3 years

A community of early-stage angel investors InnerWave Ventures today said it is planning to invest in 18-20 start-ups in next three years in the range of Rs 1-1.5 crore.

By: | New Delhi | Published: May 25, 2017 5:36 PM
innerwave, innerwave ventures, innerwave ventures new startups, innerwave business expansion plan “A lot of the angels have built up their own businesses and may be sold them or are in a semi-retired stage and they want to pass on the knowledge that they’ve picked up,” InnerWave Ventures co-founder Varun Dhingra said. (Reuters)

A community of early-stage angel investors InnerWave Ventures today said it is planning to invest in 18-20 start-ups in next three years in the range of Rs 1-1.5 crore. Currently, InnerWave Ventures, which is managed by corporate advisory firm InnerWave, consists of 32 angel investors which are looking to help start-ups in need of additional capital.

“A lot of the angels have built up their own businesses and may be sold them or are in a semi-retired stage and they want to pass on the knowledge that they’ve picked up,” InnerWave Ventures co-founder Varun Dhingra said.

InnerWave Ventures said it will also be adding more angel investors to its network who are looking to invest in pre- screened start-ups. “The investment can come from a single angel or a group and it can range anywhere from Rs 1 crore to Rs 1.5 crore,” InnerWave co-founder Jatin Tehri said.

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Start-ups looking for funding will have to pass through a pre-screening process before meeting the anchor investors. Post that, the anchor investors will lead the funding process.

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