FAAD Network Launches Second Regional Chapter in Mumbai to Boost Early-Stage Startups

• ByStartupStory     |    May 11, 2023

FAAD Network, one of India’s most prominent early-stage angel networks, has announced the launch of its second regional chapter in Mumbai, following the successful establishment of a chapter in Kolkata. The launch event, which saw over 50 investors in attendance, featured pitches from several key startups, including ESportsXO, Redesyn, and Siloho.

The launch of the Mumbai chapter is expected to boost the growth of the angel investing ecosystem in India, providing more opportunities for early-stage companies to secure funding. FAAD Network has already funded several successful startups, including those operating in the Deep-tech, B2B SaaS, and HealthTech sectors.

Dr. Dinesh Singh, Co-Founder and Director of FAAD Network, expressed his excitement about the launch, stating, “Our aim is to collaborate with talented entrepreneurs and investors in Mumbai and provide support for building successful startups. We’re dedicated to creating a conducive environment for early-stage start-ups in this region, and we believe that FAAD’s expertise and network will be invaluable in achieving this goal.”

Kavi Sahani, FAAD Regional Partner, added, “We foresee that this expansion will provide early-stage startups in Mumbai with the resources and support they need to succeed. By expanding its network in Mumbai, FAAD Network is enabling the growth of a new generation of startups in India.”

FAAD Network’s commitment to supporting early-stage technology companies in India has the potential to create a more sustainable and resilient future for the country, while also contributing to economic growth and job creation. With the recent approval of Securities and Exchange Board of India (SEBI) for a category 1 INR 300 crore Alternative Investment Fund (AIF), FAAD Network is well-positioned to continue its support for innovative startups in India.

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