Started in November 2006, the Mumbai Angels is a platform to start ups and very early stage companies by bringing them face to face with successful entrepreneurs, professionals and executives who are interested in and have the funds available to invest in start up companies.
Many members of Mumbai Angels have prior Silicon Valley experience. In addition to the capital of its members, the Mumbai Angels provides access to high quality mentoring, vast networks in India and abroad and inputs on strategy as well as execution.
The Mumbai Angels are interested in a diverse range of sectors including: IT products and services Business Process Outsourcing / Knowledge Process Outsourcing, Retail Biotechnology and Pharmaceutical, Internet Media and Entertainment, Telecommunication Consumer, in addition to any other area that interests the members.
The members of the Mumbai Angels typically consider investments of US$ 200,000 to US$ 500,000 and remaining as an investor in the company for a three to five year period prior to an exit pursuant to an initial public offering, trade sale or merger or acquisition. Larger investments may also be considered, although these may be in syndication with other groups of investors.