- Venture capital body Indian Angel Network is in plans to invest over Rs 100 crore in startup firms across various sectors in 2021.
- The sources inform that the consortium members will be assessing opportunities in manufacturing, augmented reality, biotechnology and in environment space.
- Investments by IAN already done in start-ups like Staqu, Fab Alley, Hungryzone, FarEye etc.
- The year 2020 witnessed IAN exiting 3-4 companies after registering 15 times growth on the invested capital.
- IAN – present in different areas including in biotech, healthcare, med devices and wellness.
- During Covid -19 period Jio platforms raised a total of Rs 1.52 lakh crore from companies such as Facebook, Qualcomm Ventures, Google etc in mid 2020.
- Looking up to innovation and entrepreneurs minister to problems in India or for solutions for India.
- These solutions are expected to be applicable for global problems.
- The scenario for investment in the country has undergone a lot of improvements; to a level where US- based start-ups have also started raising funds from India.
- Around 45-50 companies had been funded by IAN with Rs 100 crore in 2020.
