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IAN goes global with London operations, to invest in UK-based start-up

Tags: indian angel network, ian, startup, london, uk, swiftshift, david Cameron, saurabh srivastava, padmaja ruparel

February 28, 2014 | COMMENTS ( 0 )

IAN goes global with London operations, to invest in UK-based start-up

India’s first and Asia’s largest network of angel investors, Indian Angel Network (IAN) has launched its international operations from London, United Kingdom. The announcement was made recently in London and was attended by the UK Prime Minister David Cameron and other government dignitaries.

 

Saurabh Srivastava, Co-Founder, IAN said, “UK is amongst the world’s top 10 ecosystems for start-ups and home to some of the finest R&D in the world. This initiative will allow IAN to invest in world class, innovative UK start-ups and help them scale globally by leveraging IAN’s domain expertise and worldwide networks. Equally, it will enable IAN’s investee companies in India to leverage UK as a hub for accessing European and American markets. This UK – India collaboration, with the support of the UK Govt., will bring a paradigm shift to the start-up landscapes of both countries.”

 

“IAN is delighted to launch its operations in London. We have received an overwhelming response from British start-ups post the announcement of IAN’s UK operations and met some of the most innovative and unique start-ups in London,” said Padmaja Ruparel, President, IAN.

 

The angel network has also agreed to invest in Swiftshift; a UK based start-up providing a SAAS based solution which allows companies to quickly fill short notice shifts using their own staff through SMS, email and mobile technology.

 

“IAN investors were extremely excited and agreed to invest in one - Swift Shift – of course subject to diligence and contract agreements,” Ruparel added.

 

“A large number of UK residents are also joining IAN, looking forward to invest in geographies outside of the UK such as India & for Indian investors this will add IP / product related ventures in their portfolio. This cross border investing will help hedge investment risks for investors from each country,” she further added.

 

IAN has over 250 members spread around 10 countries.

 

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