IAN has recently introduced ‘Small Ticket Funding’ programme to help startups meet their immediate fund requirements.
Indian Angel Network (IAN), India’s first and largest network of angel investors which has been operating as a propeller for entrepreneurial development in the country has launched yet another initiative to help young entrepreneurs and early stage ventures to raise quick funding and benefit from the expertise of accomplished entrepreneurs who form a part of IAN.
Adding a new feather to its cap, IAN has recently introduced ‘Small Ticket Funding’ programme to help startups meet their immediate fund requirements.
While the startup environment is picking up steam in India, the investment community has been slow in catching up, especially at the seed stage. While deal sizes have gone up, the number of deals is still small compared to other countries.
Understanding the prevailing scenario, IAN has come up with small-ticket funding of Rs 25 lakh to support ongoing activities of companies. The programme will offer a fixed investment of Rs 25 lakh at a fixed valuation of Rs 2.5 crore post-money.
Padmaja Ruparel, President, Indian Angel Network commented, “I believe that sometimes it's the little things that make a huge difference to big plans. As such, small-ticket funding is a great opportunity for young entrepreneurs to kick-start their ideas. If the plan is shortlisted, the ventures could get the funding as soon as in less than two weeks.”
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