10 Most Active Angel Networks In India For D2C Startup

Funding
1. AngelList India

AngelList India is a deal syndication platform for accredited angel investors to

invest in Indian startups. Headquartered in Silicon Valley, AngelList entered the
Indian market by launching its Syndicates platform, which allows angel
investors to fund high-growth startups alongside other VCs and angel investors.
AngelList India has made 39 investments to date. Their most recent investment
was on May 25, 2022, when Almo Wear raised $150 million. Some of their
other prominent investments include Hiver, Nap Chief, Pingo Learn, Crib, etc.
AngelList India offers a Roll-Up Vehicle feature for founders where they get a
single link through which accredited angels and operators can invest. AngelList
India handles entity formation, KYC, accreditation, collection of funds, tax
documents, signatures, and distributions. With this feature, founders can add a
group of accredited, value-added investors as a single new entry to their cap
table with zero friction. True to their words of going beyond funding, AngelList
India also helps you hire tech talent from their platform, called AngelList
Talent.

 Founder: Utsav Somani

 Inception: 2018
 Investments (As of 2022): 39
 People you should know: Jivraj Singh Sachar, Pooja Srivastava, Dhruv
Sharma
 Notable investments: Chingari, Nap Chief, GoodMylk, ScaleNut, Sleepy
Owl
 Website: www.angellistindia.com/

2. ah!Ventures

ah! Ventures is India’s only curated, sector agnostic, and the most significant
fundraising platform for early-stage startups raising funds up to 10 MN USD.
They have a strong network of 3000+ Investors, including 2000+ angel
investors and 1000+ institutional investors & fund/family houses. ah! Ventures
has made 85 investments. Their most recent investment was on June 1, 2022,
when Kandee Factory raised ₹15M. Their prominent investments include
Adyaway, Barney’s, Bibo, and more. ah!Ventures has a 4-level curation
program that they follow religiously to select startups that they will fund. The
angel platform offers startups an option to raise funds up to USD 1 Million,
with a minimum investment of ₹5 Lakh or $ 7500 per investor.
  Founder: Abhijeet Kumar, Harshad Lahoti
 Inception: 2009
 Investments (As of 2022): 85
 People you should know: Amit Kumar, Saarthak Bakshi
 Notable investments: Bibo, Barney’s. Adyaway, Snackible, Flistaa,
Zasket, House of Brands
 Website: www.ahventures.in/

3. Mumbai Angels Network

Mumbai Angels is a leading angel investing platform for early-stage venture

investing. The network has one of the most robust portfolios in the country with
200+ companies, 100+ exits, and next-round investments with an IRR of 35%.
The platform has 700+ investors spread across 60+ global cities. The average
ticket size of their investment is between USD 70k – 272k. Mumbai Angels has
made 185 investments. Their most recent investment was on June 9, 2022, when
Spardha raised ₹80 million. Process and algorithm-driven, Mumbai Angels
focuses not only on investing in the best start-ups but on the exits on the
investments (36 of their portfolio companies saw successful exits/next rounds).
Mumbai Angels also has an exclusive learning community called the MA
Academy, where founders can unlock multiple learning opportunities from
industry experts at a discounted price.

 Founders: Prashant Choksey, Praveen Chakravarty

 Inception: 2006
 Investments (As of 2022): 185
 People you should know: Lalit Wadhwa, Rajesh Sehgal, Anuj Munot
 Notable investments: Vahdam, Snackible, Milk Mantra, Purplle, Fitpass,
Myntra, WickedGüd, Eat Better Ventures, Woolly Farms
 Website: https://www.mumbaiangels.com

4. The Chennai Angels

The Chennai Angels (TCA), formerly known as the Chennai Entrepreneurship

Trust Fund, was established in November 2007 to foster entrepreneurship with a
prime focus on nurturing and mentoring new generations of entrepreneurs. The
Chennai Angels have made 64 investments. Their most recent investment was
on May 5, 2022, when FREED raised ₹210M. The advantage of being a TCA
investee is that, apart from high-quality mentoring, investors can handhold the
entrepreneur through the life cycle of fundraising and open doors to customers
and partners of a high order. The Chennai Angels use their own platform
designed to support the activity of Angel Networks. On average, the funding
would range between Rs. 50 Lakh to Rs 3 Crore. Members may invest more or
less depending on the company’s funding requirements and the members’
interests. TCA may syndicate the investment with other investor groups if the
investment is larger.

 Founder: Ramaraj R.
 Inception: 2007
 Investments (As of 2022): 64
 People you should know: Siddharth Ganeriwala, Apsara Madhubal, Sai
Krishna Sekar
 Notable investments: The Indus Valley, Bumberry, D’Moksha Homes,
MangoPoint, The Postbox, Qua
 Website: www.thechennaiangels.com

5. Venture Catalysts

Venture Catalysts is an integrated incubator that offers funding, mentorship, and

network. It provides an investment of $500K to $2MN per startup with
incubation support for 18-24 months. It is one of the largest early-stage players
in India, with 4500+ angel investors spread across 36 cities in 6 countries.
Venture Catalysts has raised a total of $56.8M across 4 funds, their latest being
Growth-Stage Fund. Venture Catalysts has made 253 investments. Their most
recent investment was on Jun 2, 2022, when Hesa raised ₹177M. Venture
Catalysts is known for its startup-building capability, strategic guidance,
generating business leads, leveraging its global network through its partners,
and providing phenomenal returns to its investors. 200+ CXOs are a part of the
Venture Catalysts’ Mentors panel.

 Founder: Anil Jain, Anuj Golecha, Apoorva Ranjan Sharma, Gaurav Jain
 Inception: 2016
 Investments (As of 2022): 253
 People you should know: Anu Aggarwal, Ravi Ranjan, Shubham
Sandeep
 Notable investments: Beardo, AutoBrix, Betel Leaf Co, Chupps, Cub
McPaws, Desi Farms, F5, Fyre, Melorra
 Website: http://venturecatalysts.in/

6. Chandigarh Angels Network

Chandigarh Angels Network (CAN) facilitates investment into early-stage

ventures and startups where the interests of the investors are closely inclined.
Their network comprises 37 angel investors who have mentored over 250
startups and have funded 8 startups so far. Angels invest in a range of USD 10k
to $1 million, depending on the startup stage. Chandigarh Angels Network has
made 25 investments. Their most recent investment was on May 5, 2022, when
FREED raised ₹210M. Chandigarh Angels Network provides feedback on the
business plans, funding, mentoring, angel business and professional network,
and incubator space.

 Founder: Alok Ramsisaria

 Inception: 2015
 Investments (As of 2022): 25
 People you should know: Sameer Jain, Diksha Khadwalia
 Notable investments: Biryani by Kilo, The Gourmet Jar, JumboBasket,
Paymart India, FREED, Barneys
 Website: https://chandigarhangelsnetwork.com/

7. Indian Angel Network

Indian Angel Network is one of the leading Angel Investors Network in India.
The network has over 450 existing investors sprawled across 10 countries.
Indian Angel Network has raised a total of ₹10.5B across 3 funds, their latest
being Indian Angel Network Maiden Fund. This fund was announced on Nov 7,
2019, and raised a total of ₹3.8B. Indian Angel Network has made 166
investments. Their most recent investment was on Jun 9, 2022, when PMaps
raised ₹50M. The average ticket size of their investment is USD 400K to 600K
with a maximum of USD 1 million, exiting over a 3 to 5-year period through a
strategic sale. The Network, in addition to money, provides constant access to
high-quality mentoring, vast networks, and inputs on strategy and execution.
Because of their background, the Network members can better assess the
potential and risks at the early stage.

 Founder: Alok Mittal, Padmaja Ruparel

 Inception: 2006
 Investments (As of 2022): 166
 People you should know: Nisha Kohli, Sharad Junghare, Shruti Singhal
 Notable investments: Box8, Fab Alley, Wow! Momo, PMaps,
WorkOnGrid, QwikSkills
 Website: http://www.indianangelnetwork.com/

8. Let’s Venture

Let’sVenture enables startups looking to raise money to create investment ready

profiles online and connect to accredited Investors. LetsVenture has raised a
total of $100M across 2 funds, their latest being LetsVenture Debt Fund. This
fund was announced on Jan 15, 2021, and raised a total of $100M. LetsVenture
has made 191 investments to date. Their most recent investment was on Jun 9,
2022, when PMaps raised ₹50M. The average ticket size of their investment is
USD 34k – 250k for early-stage startups. To help founders, Let’s Venture has
started an initiative called Founders First. It helps startup founders get
actionable insights, mentorship, and support to help them grow, scale and
succeed in their journeys.

 Founder: Sanjay Jha, Shanti Mohan

 Inception: 2013
 Investments (As of 2022): 191
 People you should know: Vamsi Bhogi, Simran Ganeriwal
 Notable investments: Sugar Cosmetics, PMaps, Xook, pumpumpum,
Frendy, Almo wear, Bobble, LBB, Yulu
 Website: http://letsventure.com/

9. Lead Angels Network

Lead Angels is alumni focused angel network facilitating investments of up to

300 lakhs in early-stage companies. Lead Angels has grown rapidly since its
inception and currently has chapters in Mumbai, New Delhi, Ahmedabad,
Bangalore, and Hyderabad. Lead Angels Network has made 49 investments.
Their most recent investment was on May 5, 2022, when FREED raised
₹210M. The team works with the startup post-investment to assist it in key
areas like future capital raise, business connections, PR, and talent search. For
larger fundraise, Lead Advisory Services provides assistance to portfolios and
other companies to connect with institutional investors. LA Management &
Professional is available for support for compliance and other services.

 Founder: Dhruv Nath, Sushanto Mitra

 Inception: 2013
 Investments (As of 2022): 49
 People you should know: Kruti Raiyani, Geetansh Sahni
 Notable investments: Supr, Indus Valley, ChefKart, Go Desi, Belita, Tin
Men
 Website: http://www.leadangels.in

10. Hyderabad Angels

Hyderabad Angels is a group of angel investors in Hyderabad, India, investing

in early-stage, primarily technology, companies. Hyderabad Angels have made
37 investments to date, and their most recent investment was on May 5, 2022,
when FREED raised ₹210M. The average ticket size of their investment is up to
USD 1 Million as part of the Pre-Series Investment Plan. The network
collaborates with other angel networks, incubators, accelerators, and institutes
countrywide to discuss, ideate, co-invest and share knowledge.

 Inception: 2012
 Investments (As of 2022): 37
  People you should know: Esha Rao, Rathnakar Samavedam, Smita Pawar
 Notable investments: Health Sutra, Chai Kings, Hesa, Thrillophilia,
Dialogue in the Dark
 Website: https://hyderabadangels.in/
Remember, angel networks are not the only source of funding available for your
business. If you are looking for a flexible, highly scalable, 100% digital process
of raising funds to date that requires no equity dilution, we recommend revenue-
based funding. This founder-friendly approach lets founders raise funds quickly
without diluting equity, and the repayments happen as a percentage of monthly
revenue.

NEN
The NEN Trust was setup in 2008 to play the critical role of establishing an
entrepreneurship ecosystem in a large number of tier 1 and 2 academic
campuses across India. The goal was to enable young people on campuses to
‘do’ entrepreneurship while still on campus so that they could actively build
aspiration, skills, confidence and networks which would increase their chances
of starting new ventures successfully sooner rather than later upon graduation.
Since its inception, NEN has worked with 500+ academic institutions including
the founding institutions of its network IIT Bombay, IIM Ahmedabad, BITS
Pilani, S P Jain Institute of Management and IBAB. NEN spent its initial years
creating and establishing student E Cells actively running activities,
competitions and start-up sessions across hundreds of campuses; trained 1500+
faculty in ‘doing experiential entrepreneurship programs’ including workshops
and courses on campus; helped spur the development of 100+ entrepreneurship
and innovation centres within its network institutions; and enabled 100,000s of
students to get the exposure, and develop skills in entrepreneurship and venture
creation. Today, NEN enables campuses and incubators to run virtual
accelerated programs to maximise startup success. NEN is partnering with State
startup policy makers, Govt. incubators, MHRD IICs and Innovation
Labs. NEN’s program structure, tools & resources, digital content, technology
platform, facilitator development and wide network of mentors is helping build
healthy startups and empowering the next generation of entrepreneurs. In its
journey, NEN tied up for funding with Wadhwani Foundation
(https://www.wfglobal.org) for their programs in India. The Foundation is a not-
for-profit with the primary mission of accelerating economic development by
driving job creation in India and other emerging economies, and in the US,
through large-scale initiatives in entrepreneurship, small business growth,
innovation, and skilling. Wadhwani Foundation’s mission to achieve ‘job
creation at scale’, the methodology, digital content and technology platform is
in alliance with NEN’s goals of igniting and establishing a nationwide culture of
entrepreneurship.