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The Chennai Angels fund uFony, School Diary

School Diary® is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without compromising on privacy. It is an integrated virtual classroom with online teaching, virtual PTMs, instant academic and non-academic updates, and even an online store where parents can shop for school product

Brinc TechBlazers Accelerator Program

Brinc, one of the world’s leading global venture accelerators, and The Chennai Angels (TCA), a leading angel investor network, are launching an online acceleration program for AgriTech & FoodTech, HealthTech, and FinTech startups, for which applications are now open.

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

FMCG distribution platform Drop shop 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

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

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 Group founder Sid Yog. KRS Jamwal, Uday Chatterjee, and Mitesh Shah led this round at IAN.

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

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.

[Funding alert] AI-based edtech startup SP Robotic Works raises $3M in Series A round

The funding round witnessed additional participation from BCCL and its existing investors Indian Angel Network and multiple renowned Angel Investors like Ajai Chowdhry (Founder, HCL), Raman Roy (Chairman and Managing Director – Quatrro), and others.“SP Robotic Works believes in building a scalable and highly qualitative platform that can enable practical learning of concepts in a fun way.

[Funding alert] MLOps platform raises $1M in seed round led by Venture Catalysts, a Techstars portfolio company aiming to build and provide a complete toolkit for developers focused on artificial intelligence, on Tuesday raised $1 million in its seed round led by Venture Catalysts. The round also saw participation from The Chennai Angels, Nanavati Family, and Astarc Ventures.

Mindler Raises $1.5 Million In Pre-series A Funding

Ecosystem Ventures, Inflection Point Ventures, nVentures Singapore and The Chennai Angels are prominent investors in the recent round of funding. Mindler provides a SaaS platform for educators and ed-tech partners along with a comprehensive career guidance platform for students.

What’s Fueling The Rise Of Angel Investors From Smaller Cities

India’s startup ecosystem is going through a paradigm shift in many ways. One such shift is the rise of angels investors from places beyond major cities. This is despite the risks associated with this asset class. The trend goes hand-in-hand with the increasing number of founders starting out from smaller cities. Success stories of these founders have led to more angel investors from the hinterland and vice-versa.

How to scale your startup

Scaling is the act of increasing a business’ revenue and output without significant investments. Instead of spending more money and more resources, your business will scale through better processes and the use of technology to reach and serve larger audiences. Scaling allows you to increase your customer base without adding resources, thereby increasing your profit margins with every sale.

Understanding the Cap-Table

The cap table or capitalization table is an extremely important component to consider for both the founders and investors. The cap table is a table that shows ownership or in financial terms equity capitalization of a company. As basics go, a cap table is very easy to understand. It is a table that shows all the shareholders of the company and how much of the company each person or entity owns. However, managing the cap-table and its evolution is a complicated matter which could take up a lot of time and effort to understand.

Conducting Business, Financial and Legal Due Diligence

Angel investors seeking to maximize rewards, among other motivations, allocate a certain portion of their investible surplus to investing in early-stage start-ups. The risk in this asset class is manifold, and includes concept risk, execution risk, people risk, mortality risk, and liquidity risk. The chances of losing invested capital are reasonably high and it is prudent to minimize that risk.

Brinc TechBlazers Accelerator Program

The three-month intensive program will provide participating startups with a minimum investment of 50,000 USD and the opportunity for further funding based on their performance and initial traction. Furthermore, startups will be fully supported through their product development and will receive business and investor connection/matchmaking to facilitate growth.

How to evaluate deals

Investing in a start-up has a bigger element of judgement at an early stage and is more driven by numbers at a later stage. A good start-up idea should have a good narrative, backed by relevant data (not just by conviction), which makes evaluation more coherent. Absence of either a good narrative or data can impair ability to evaluate.

How to get started as an Angel Investor?

They back early-stage start-ups that have high growth potential and high risk. Angels are high net worth individuals who want to expand their investment horizons by backing start-ups that show promise and profitability. While most angels are accredited, the definition has broadened with more and more people showing interest to expand their investment portfolio.

Recent posts

Twixor Raises $2.4 Million In Series A Funding Round

IoT-enabled agritech platform CultYvate raises Rs. 4.5 crore in funding

Med-tech startup MedisimVR raises ₹3.5 Cr from Inflection Point Ventures – TCA Funding Alert

Mango Point raises ₹1.82 cr from investors led by The Chennai Angels