Be a part of facilitating early stage enterprises
ChennaiAngels Network Association (TCA), formerly known as Chennai Entrepreneurship Trust Fund, is a group of angel investors keen to facilitate early stage enterprises to grow by providing funding and mentoring support. Interested Candidates can view the Members of TCA in Meet our Angels page and approach us through them or can mark an email to firstname.lastname@example.org for applying.
We have four classes of membership:
Lifetime members are the eleven (11) members who founded the organization and contributed an initial corpus of Rs 5 lacs each
Individual membership is provided to individuals initially as invitation membership, followed by confirmation typically after a year
Institutional membership is extended to venture funds and investment bankers.
Corporate membership is extended to corporates who wish to invest through their companies and involve members of their companies.
After you’ve taken a look at our process and funding criteria, you are now ready to fill out our application form and get started.
The Chennai Angels use their own platform designed to support the activity of Angel Networks. We prefer that all entrepreneurs apply for funding using the questionnaire in the online application. To apply for funding please visit TCA Platform
Ventures with unique ideas with potential for rapid, scalable growth within a reasonable time frame.
Businesses with proprietary technology, early market lead and other strong barriers to entry.
A strong management team to execute the business plan, with relevant and successful experience.
Entrepreneurs who can provide evidence of the validation of their concept and particularly those who have begun to engage with the market have a stronger proposition.
A team with a desire for mentoring and coaching.
A reasonable valuation that fits within the risk/reward expectations of our members.
A credible exit strategy for investors.
On receiving your application, the application goes through a certain process. Click here to view the process
Brief Elevator Pitch, Vision and Mission Statement, Market and Industry Environment, Value Proposition, Key Products/Services and Differentiation, Competitive Scenario and Entry Barriers, Business Model and Sales/Marketing Strategy, Market Traction, Management Team, Organization, Financials, Exit Strategy, Capital, Risks and Gaps. Please refer Entrepreneur resources link for business plan format.
On an average the funding would range between Rs. 50 Lakh to Rs 3 Crore. Members may invest more or less depending on the funding requirements of the company and the interest of the members. If the investment size is larger, TCA may syndicate the investment with other investor groups.
TCA does not sign NDAs. TCA shares all plans received by it exclusively with its members. TCA members in turn, sign an undertaking with TCA. All members are bound by the undertaking.
Depending on complexity, from start to finish it can take anywhere from 4 to 6 months to get funding. The goal is to complete due diligence as quickly as possible while undergoing a thorough review of the business. The entrepreneur can expedite due diligence by having the information available ahead of time, making yourself and your team available for meetings, and by being proactive in driving the process. At the conclusion of due diligence, it is important that the entrepreneur and investors are both comfortable with each other and can have a productive partnership.
a) On the deals led by TCA
A deal facilitation fee of 2% (Two Percent) on the funds raised.
Cost for conducting Financial, Legal, and Business Due Diligence by agencies appointed by TCA, at actuals ranging from 1%-2% of the total fund raise.
b) On the deals led by other investors
A consolidated fee of 2% (Two Percent) on the funds raised, towards deal facilitation and review of Financial, Legal, and Business Due Diligence conducted by Agencies appointed by the Lead Investor.
TCA reserves the right to invest in competing start-ups. However, to ensure confidentiality and information protection, TCA lead investor(s) who are in the Board either as a Director or Observer will not participate in the fundraise initiated by competing start-ups.