At a time when the Indian startup world is going through a so-called slowdown in raising funds and investors are avoiding investing money, angel investment in new companies has maintained its momentum.
Although the total volume of deals among startup companies has declined, investment activity in the country’s most active angel investment network has remained relatively stable.
Mumbai-based network of angel investors We Founder Circle (WFC) has emerged as the most active angel investment platform for the second consecutive year in 2023 with 82 investments. According to data from market intelligence platform Traxon, 71 investments were made last year.
Neeraj Tyagi, Co-Founder and CEO of WFC, said, ‘Our vision is to create a multi-tier global investment framework to encourage innovation and ideas from pre-seed stage to development stage.’
Earlier this year, WFC launched the startup marketplace platform Invest.com. According to Tyagi, this has allowed the firm to invest in about 100 startup companies. WFC also launched two angel funds during the year. Tyagi said that in the coming year we will invest in at least 200 startup companies and encourage their growth through our multiple funds.
Gurugram-based Inflexion Point Ventures (IPV) secured the second position in the list of most active angel networks in the year 2023. The firm invested in 47 startup companies during the year 2023, while it invested in 53 startup companies during the year 2022. Investment platform Mumbai Angels stood third in the list with 18 investments, while it had made 31 deals in the year 2022.
First Published – January 5, 2024 | 11:11 PM IST
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