iAngels is a network of active angel investors from various professional and industrial backgrounds who are eager to invest in early-stage, high-potential firms. In 2022, it had funded almost 15 crore in 31 businesses. The startups came from a variety of industries, including health tech and agri-tech. It also onboarded five key partners in the last year, which aided in the growth of iAngels.
According to Mona Singh, co-founder of India Accelerator, a significant value proposition for this network is that it’s not simply a match-making exercise since it’s supported by the well-known India Accelerator, and there’s a lot more skin in the game. He also stated that the organization plans to expand to 15 countries this year and invest in 100 companies across domains with assets under management of $20 million.
iAngels has sponsored 76 businesses in total. Paymart, Janitri, SustainKart, Rare Planet, Matter, and Stage are among the notable startups in iAngels’ portfolio, according to Singh. Despite the worldwide financing crunch, she claims that startup funding in India remains strong, with increasing investment in areas such as e-commerce, fintech, health tech, sustainability, and cloud-based technology. iAngels recently launched a minor investment round to bring on board key crucial stakeholders – the primary partners. The angel investor network comprises seven chapters spanning geographies — the United States, the United Kingdom, Australia, the United Arab Emirates, Delhi/NCR, Mumbai, and Bengaluru — with some of the major partners managing these chapters. According to Singh, iAngels’ ambitions also include regional growth and technological and infrastructural enhancements such as upgrading the network’s website and CRM system, as well as developing a dashboard to support the growing needs of the network and its members.
According to Mona Singh, the pandemic has expedited the move to digital solutions and remote work, resulting in increased investment in businesses that support these trends. She also stated that there is an increasing emphasis in startup investment on diversity, equity, and social impact, with investors looking to assist firms that share these values. Furthermore, new types of finance, such as initial coin offers (ICOs) and security token offerings (STOs), have gained popularity as a means for firms to generate funds.
She added that, given the development plans, the firm expects to increase its sales to more than $1 million this year. She stated that iAngels’ overarching focus is on discovering and investing in firms with the potential to scale.
