The Indian Angel Network (IAN) has introduced a “Small Ticket Funding” program to help entrepreneurs and early stage startups raise quick funding worth INR 25 lakhs to take care of immediate fund requests, reports ET Tech. Entrepreneurs will also be able to interact with IAN mentors under this program. Funding in less than two weeks: The fixed investment of Rs 25 lakhs will ascertain a fixed valuation of Rs 2.5 crores to the startup post investment. The move is aimed at helping accelerate investments especially in the seed stage and unify the number of deals to catch up with the deal sizes, which are climbing. It will support the ongoing activities of the said company. IAN added that this will also help entrepreneurs kick start ideas. If the plan gets shortlisted, the ventures would be able to get funded in as less as two weeks. What the IAN does: Delhi headquartered IAN was started in 2006 and other than funding, it offers mentoring, network access to assess potential and risk, and inputs on strategy and execution. IAN aims to create “scale and value” for startup ventures. They have invested across sectors like agriculture, e-commerce, education, gaming, financial services, IT, internet and manufacturing among others. The network claims to invest an average of $400,000 - $600,000 with investments going up $1 million. It looks to exit over a 3-5 year period according to strategic scale. According to the network, it looks at investing in startups which have high entry barriers, are scalable,…
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