Angel investors are now looking at small cities to ‘find and fund’ new entrepreneurs
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.
- Public to be allowed to watch Karna assembly budget session
- Delhi Assembly's budget session to begin on March 8
- Patanjali’s Acharya Balkrishna is the biggest loser on Hurun’s Rich List of Indian billionaires
- Delhi CM announces Sharman Joshi-starrer movie 'Fauji Calling' tax free in Delhi
- Ravichandran Ashwin, Joe Root, and Kyle Mayers shortlist for ICC's Player of the month