Angel investors are now looking at small cities to ‘find and fund’ new entrepreneurs
Advertisement
Advertisement
India's start-up fever is no more exclusive to big cities, as smaller cities and towns across the country are now breeding entrepreneurs. To aid them, "There are multiple informal groups in Chandigarh to mentor startups, but in order to raise money, startups had to go to metros," Vineet Khurana, VP, operations, at Chandigarh Angel Network told ET.
"Also, there are ample
This new group of investors include non-resident Indians and high net-worth individuals, who want to tap into these regional angel groups based in tier-II cities for memberships. Swan Angel Network, based in Indore that houses around 60 start-ups, has grown to more than 38 members in the last six months, out of which a majority belongs to professionals and people running family businesses.
Advertisement
Image source
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- Election Commission issues notification for sixth phase of Lok Sabha polls
- 6 Coffee recipes you should try this summer
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market