India’s Mumbai Angels Co-invest with India accelerator for innovative startups
- ByStartupStory | February 16, 2022
Mumbai Angels and India Accelerator have teamed together to co-invest in startups through The Co-investment Programme, which will provide chosen firms access to Mumbai Angels’ Multiplier Programme, an exclusive marketplace for its portfolio companies.
The India Accelerator, which has already invested in 46 businesses this year, intends to increase its commitment this year.
In a month, the site receives over 800-1,000 investment ideas from start-ups.
Mumbai Angels, a leading early-stage investment platform, plans to quadruple the amount of investments raised and start-ups supported by 2022, owing to a growing interest in funding start-ups among family offices and other high-net-worth investors. Approximately 50 start-ups received financing of Rs 80 crore through the platform last year.
The project focus on seed-stage through Series A investment rounds for start-ups, with capital amounts ranging from $50,000 to $1 million (7.5 crore to 10 crore). For larger agreements, the platform collaborates with various networks, people, family offices, corporations, and funds to help startups get funding faster.
Mumbai Angels has now an investments from over 190 start-ups in India, spanning various industries and cities. In recent months, the platform has witnessed an increase in financing transactions in areas such as electric cars, travel, space technology, legal technology, and logistics. With the advent of new-age direct-to-consumer businesses, Mansinghka continued, there is a big deal flow in the consumer products market as well.
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