According to a governance committee member, venture capital (VC) consortium Indian Angel Network (IAN) is planning to invest over ₹100 crore in start-up firms across sectors in 2021. IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. in 2020. Howevber, IAN also exited 3-4 companies after registering 15 times growth on the invested capital.
IAN co-founder Padmaja Ruparel told PTI, “We will invest and we will exit both, and we will give returns. I think we will do much better than what we have done this year. I think more than ₹100 crore we should look at.”
“I think the other piece is anything driven by data and Analytics. Anything driven by brand, IT. What we are looking at is innovative ideas with good entrepreneurs,” Ruparel further added.
IAN funded about ₹100 crore in 45-50 companies in 2020. Currently, IAN is present in different segments of market including healthcare, biotechnology, medical devices, and wellness.
“To me 2021 looks very interesting. I think what 2020 has done will obviously impact 2021, also but we will continue to invest at the same pace or I would say higher pace actually. I think a lot of the new areas will come up. The reality is that online and technology are now here to stay,” Ruparel concluded.
