Driven by the desire to bring change and make a lasting social impact, entrepreneurs work unceasingly to realise the true potential of their vision and business ideas. Often times, however, the lack of deep pockets and competition from bigger, more heavily-funded players act as roadblocks for startups on their way to success. This is where angel investors come in.
Apart from guiding them through their initial hiccups and struggles, angel investors usually help startups raise their first institutional funding rounds. Angel investors get involved in startups at very early stages of their lifecycle and invest not just money, but also their time and other resources.
Until a few years ago, angel investors were mostly high net-worth individuals (HNIs) with abundant financial resources. However, with the gradual evolution of the Indian startup ecosystem, more and more experienced entrepreneurs are jumping on the bandwagon, which could be why the participation of angels investors in startup funding underwent an impressive 27% growth in H1 2017. According to Inc42 DataLabs, over 1668 unique angel investors have provided financial backing to Indian startups since H1 2015. In H1 2017 alone, angel investors participated in more than 326 deals.
As a major boost to the country’s angel investor community, Bengaluru-based LetsVenture is all set to host the fourth iteration of its flagship event, LetsIgnite, in Mumbai on December 13. Bringing together prolific angels, VCs, ecosystem influencers, corporates and family offices, the event aims to initiate fresh discourse on two of the most trending sectors: Agritech and India 2.
The flagship Angel Investing masterclass will also add to this dialogue via personal experiences and stories of prolific angels. LetsIgnite 2018 will not only focus on the current state of the investment ecosystem, but will also concentrate on structuring conversations on ‘what ’ and ‘how’ to truly influence the way forward. The theme of LetsIgnite this time is “Beyond Boundaries”, with the aim of going beyond the traditional ways of discovering and nurturing startups and creating value.
Commenting on the upcoming event, LetsVenture co-founder and CEO Shanti Mohan said, “Agritech has long been underserved from a startup perspective. India 2 (or Bharat) is again something that has humongous untapped potential. With the maturity of UPI, IndiaStack and other enablers coupled with the increased focus of financial inclusion by the central government, this is a once-in-a-lifetime opportunity to create change at a scale never seen before anywhere in the world. We believe that this is the right time to talk about the trends and help angels discover and nurture interesting startups in these areas,”