In order to promote an organised and effective platform to connect with entrepreneurs and investors, the Indian Angel Network announced the launch of its Pune operations. The IAN will operate in four locations, the three being Delhi, Bangalore and Mumbai. The platform will bring Pune’s entrepreneurs closer and integrate Pune based angels to the country’s largest Angel Investors’ network. The launch will facilitate various investor meets in the city to invite start-up firms and early stage entrepreneurs to present their plans for investment.
The IAN is India’s largest business angel network group that focuses on start ups and addresses the current issue of severe lack of funds available to early stage companies. The early stage businesses require things like close mentoring and inputs on strategy and execution that the IAN provides.
Alok Mittal says that by bringing IAN to Pune they bring an opportunity for successful entrepreneurs to invest in the entrepreneurial wave sweeping the country and leverage their collective experience to invest and nurture young companies.
Ganesh Natarajan , the Vice Chairman and CEO Zensar Technologies, who is the past chairman of NASSCOM says that IAN has been seeing very high quality start ups in Pune who can now access IAN’s large investor base and leverage the country’s network’s reach to build their companies. He says that in the next few months he hopes to reach out to investors and entrepreneurs in the city and promote the environment of entrepreneurship and innovation among the talent and better India’s economy by providing a simple accessible network for both investors and entrepreneurs to connect together.
The network has over 120 members drawn from across the country and some from overseas across diverse sectors. The network has invested in 20 companies based
around the country and across multiple sectors. IAN provides a value addition to its investee companies by mentoring firms in building operational efficiencies, connecting clients and industry networks that help firms to grow exponentially and build valuable companies.