Author page: Chennai Angels

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Conducting Business, Financial and Legal Due Diligence

(By K Ramakrishnan, Spark Capital Advisors Pvt Ltd. Senior Managing Director – Strategic Relationships)* The Need Theory of fundamental finance postulates the direct correlation between risk and reward; however higher risk is not a guarantee for higher reward. Angel investors seeking to maximize rewards, among other motivations, allocate a certain…

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[Funding alert] Tea retail chain Chai Kings raises $1M from The Chennai Angels, others

Chennai based tea retail chain, Chai Kings on Tuesday has raised $1 million in funding from an angel investment group, The Chennai Angels (TCA). The round also participation from Hyderabad Angels and TiE India Angels. Piyush Bhandari, who led the investment from TCA said, “We are very excited to partner with Chai Kings in the bridge round. We believe…

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The Chennai Angels fund uFony, School Diary

uFony Services Pvt. Ltd., the Pune-based Ed-Tech company, has raised funding from The Chennai Angels & other independent investors for School Diary®, an interactive platform that brings education to smartphones. School Diary® is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without…

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[Funding alert] FMCG distribution platform Dropshop raises Rs 9.3 Cr in pre-Series A led by Inflection Point Ventures

FMCG distribution platform Dropshop will use the funds to strengthen its product and scale up operations to handle more brands and enter new markets like Chennai and Hyderabad. Bengaluru-based one-stop distribution platform for FMCG brands Dropshop on Monday announced that it has raised Rs 9.3 crore in a pre-Series A round led by Inflection Point…

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[Funding alert] Backpacker hostel startup goSTOPS raises $1M in pre-Series A round led by IAN, Yuj Ventures

Backpacker hostel startup goSTOPS will use the funds to grow the company’s supply over the next 12 months and invest in marketing and technology. Backpacker hostel brand goSTOPS on Thursday said it raised $1 million in a pre-Series A round led by Indian Angel Network (IAN) and Yuj Ventures — the private investing arm of the family office of Xander…

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12 early-stage startups signalling Chennai’s rise as a key innovation hub in India

Chennai, or the SaaS capital of India, is fast becoming one of India’s key startup hubs. Between January and June 2021, Chennai attained the 6th spot among the eight Tier-I cities in terms of number of deals (17), as well as amount of funding ($73.8 million) raised, data by YourStory Research reveals. Chennai, or…

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