This article is an extract from Inc42’s recently released Annual Indian Tech Startup Funding Report 2017 which provides a meticulously detailed analysis of the funding trends, top Angel investors, and Merger & Acquisitions (M&As) in the Indian startup ecosystem for the period 2014-2017. To read more articles of this report, click here.
In the last article, we talked about the three most active VC funds of 2017. Today, we bring you the top three angel investors. Before we share names, let’s take a look at some interesting trends around angel investor participation in the Indian tech startup funding in 2017.
As per Inc42 DataLabs, 512 active angel investors participated in the Indian tech startup funding in 2017. This is a 22% decrease in comparison to 2016. We also observed a further decrease in the addition of new angel investors to the Indian tech startup ecosystem.
Upon further dwelling into the data, Inc42 DataLabs found that: out of the total angel investors in India (since 2014) i.e. 1,777, over 1410 have made just a single deal and about 192 have made two. This figure came along with 175 angels who participated in three or more deals.
Most Active Angel Investors In India: Indian Tech Startup Funding Report 2017
As per Inc42’s annual Indian tech startup funding report 2017, Google VP, South East Asia and India, Rajan Anandan was the most active Angel investor in 2017 with eight investments.
The second and third rank was taken up by Girish Mathrubootham, founder and CEO Freshworks and Satveer Singh Thakral, CEO, Singapore Angel Network with six deals each.
While in 2016, FreeCharge founder Kunal Shah grabbed the topmost spot, he has slipped to the fifth position in 2017. In 2017, he was preceded by Anand Chandrasekaran, Director, Producer/ Platforms, Facebook.
The launch of several angel networks and platforms formed one of the major reasons that have boosted angel investor participation in the Indian tech startup funding.
Another major change is that these platforms and networks have opened doors for High Networth Individuals (HNIs) from across India and especially from Tier II and Tier III cities who are interested to invest in Indian tech startups.
Local angel networks such as The Chennai Angel Network, Chandigarh Angel Network (CAN) (which participated in 8 deals in 2017), etc. have also given a boost to the ecosystem of investors at a local level by bringing them together to boost the startup funding activity in these cities.
Liked what you read so far? We have a lot more insights and data in our full report which covers the funding trends across Tier I, Tier II, Tier III cities, across 14 industries & sectors segregated by the funding stage with details on average ticket size, investor types and a lot more for the duration of 2014 to 2017.