Indian Angels Concludes Season 1 with INR 6.5 Cr Investment in 12 Startups

• ByStartupStory     |    December 5, 2023

Indian Angels, a startup pitch and investment show, concluded its inaugural season by investing Rs 6.5 crore in 12 startups, handpicked from a panel of investors including notable names like Ajinkya Firodia (Kinetic Group), Ankit Agrawal (InsuranceDekho), Aparna Thyagarajan (Shobitam), Kunal Kishore (Value 360), Rikant Pittie (EaseMyTrip), and Shreedha Singh (T.A.C – The Ayurveda Co).

The show’s format involves entrepreneurs presenting their business concepts in a brisk 60-second elevator pitch, followed by a Q&A session with the investors. Additionally, it offers viewers the unique opportunity to invest in these ventures alongside the six angel investors.

Streaming on Jio Cinema, the recent episodes featured startups like Bare Wear, iYatraa Holidays, TriGo Electric, Habbits, Priyam Online, and Estoqi. TriGo Electric successfully secured Rs 40 lakh at a valuation of Rs 7.5 crore for a 5.33% equity stake from Firodia. Meanwhile, Habbits secured Rs 30 lakh for a 15% equity share and the potential for an additional Rs 20 lakh in debt at 10% interest from a consortium.

Ajinkya Firodia expressed his support for TriGo Electric, stating, “We believe in the potential of TriGo Electric to revolutionize the electric vehicle segment, and this investment aligns with our commitment to sustainable mobility solutions.”

Regarding Habbits’ fundraising, the consortium backing the venture highlighted, “We see immense promise in Habbits and its potential to address essential lifestyle needs, prompting our decision to support them through this investment.”

This unique format of investment showcased on Jio Cinema has not only facilitated funding but has also provided an avenue for emerging startups to gain exposure and support from a diverse pool of investors and viewers alike.

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