1. Investor group CAN to support 10 startups

Investor group CAN to support 10 startups

Investor group Calcutta Angels Network plans to support 10 startups, including at least three three city-based ventures, in the remaining period of this fiscal.

By: | Kolkata | Published: September 13, 2016 5:55 PM
"We plan to support ten additional startups this year. three to four are from the city," President of Calcutta Angels Network (CAN) Siddharth Pansari said today.   (Reuters) “We plan to support ten additional startups this year. three to four are from the city,” President of Calcutta Angels Network (CAN) Siddharth Pansari said today. (Reuters)

Investor group Calcutta Angels Network plans to support 10 startups, including at least three three city-based ventures, in the remaining period of this fiscal.

“We plan to support ten additional startups this year. three to four are from the city,” President of Calcutta Angels Network (CAN) Siddharth Pansari said today.

Pansari, which owns the privately-held Primarc Group, said that the startup eco-system in Kolkata is yet to evolve.

“Bangalore, Mumbai and NCR are way ahead in promoting the start-up culture. CAN members are trying their best to come forward and support start-ups which have a good business model,” he told reporters here.

CAN today announced funding of Zeroinfy, a city-based start-up engaged in the domain of education.

The network would pick up 10 per cent equity in Zeroinfy, Pansari said.

With 85 members in its fold, CAN, which was founded three years ago, had made an aggregate funding of close to eight crore. “The membership will cross 100 by the end of the year,” he said.

CAN is also holding a start-up summit in the city where prominent speakers are Kunal Kapoor of Ketto, Kaushal Dugar of Teabox and Ravi Narayan of Microsoft Ventures among others.

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