With entrepreneurship becoming cool in India, a couple of India-focused Angel funds have been announced in the past few days. The India Internet Group and the Harvard Business School Angels of India are aiming to invest in India-based, early stage tech start-ups.
A new startup accelerator called the India Internet Group (IIG) is debuting today as fund to invest in India-focused, early stage internet and mobile startups. The size of IIG is $2.5 million and with an average investment size of $50,000 to $250,000.
There are also several other Angel investors who are starting to have a good look at the emerging tech scene in India.
Harvard alumni Raj Chinai and Ramesh Shah, in collaboration with Harvard University, have recently co-founded and launched Harvard Business School Angels of India (HBSAI), an India-centric angel investing organisation. Incidentally, HBSAI happens to be the country’s first international angel network. It was first started with a Northern California chapter in 2007 and is currently present in nearly half a dozen countries across the globe.
While the group is sector-agnostic, it is likely to have a skew towards technology and technology-enabled start-ups, and will invest approximately $250-500K per deal.
Read more at Harvard Business School Angels To Invest 0-500K In Start-ups « Biz Tech « Techcircle.in – India Internet, mobile, consumer tech, business tech, Entrepreneurs Debut $2.5M Accelerator To Invest In India-Focused Startups | TechCrunch, and Early Investing In India Is A Nightmare — Now This Guy Wants To Fix It.