- Indian Angel Network (IAN) is planning to invest over Rs 100 crore in start-up firms across sectors in 2021.
- IAN has invested in start-ups like Wow Momo, Box8, Wiwigo and HungryZone etc.
- Indian Angel Network is a group of primarily Indian angel investors funding early-stage startups.
Venture capital consortium Indian Angel Network (IAN) is planning to invest over ₹100 crore in start-up firms across sectors in 2021, according to a governance committee member and co-founder of the network.
IAN co-founder Padmaja Ruparel told PTI that the consortium members will evaluate opportunities in biotechnology, augmented reality, manufacturing and in environment space.
“We will invest and we will exit, and we will give returns. I think we will do much better than what we have done this year. I think more than Rs 100 crore we should look at,” Ruparel said.
Ruparel said IAN is present in different segments, including healthcare, biotech, med devices, and wellness.
“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 said.
“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 onlines and technology are now here to stay,” Ruparel said.
IAN funded about ₹100 crore in 45-50 companies in 2020, she said.