Indian Angel Network, one of the largest angels network in India, has become the first angel group to add an international chapter, after the group announced plans to add a UK Chapter.
British Prime Minister, David Cameron also shared his excitement of bringing IAN to the UK.“It’s a shining example of how our strong relationship with India is delivering tangible benefits for British business,’’ he said.
The IAN will be opening an office in the capital’s Tech City in February next year and will be investing into startups in the country.
Padmaja Ruparel, President, IAN said, “UK is a strategic market for IAN, we already have some active UK investors investing in Indian start-ups and our investee companies are expanding there. We aim at investing in innovative businesses in UK and take the start-ups in the region to the global innovation roadmap. It’s a strategic alliance which will benefit IAN investors investing in UK based start-ups and also open doors for start-ups based in UK to access global markets.”
IAN has a group of 250 institutional and individual members investing in startups in India. It has invested in about 60 startups across multiple sectors like IT, Mobile, Healthcare and Education, Gaming, Hospitality, and Semiconductors across India and overseas and has made several successful exits.
Recently, IAN has also announced cross-border business plan competition i.e. Startup Dosti as a move to connect entrepreneurs from India and Pakistan.
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