Formerly known as Chennai Entrepreneurship Trust Fund, this organisation was established with the objective of fostering Entrepreneurship with full focus on nurturing and creating new generation entrepreneurs.
Established in November 2007, the Chennai Angels was formed by a group of prominent successful entrepreneurs to promote aspiring entrepreneurs with innovative business ideas who often face difficulty to translate thoughts into commercially viable ventures. For the past 12 years, the chennai angels has helped to successfully built, run and in many cases exited enterprises across multiple domains and industries.They have also helped entrepreneurs build and grow their ventures and enterprises into successful companies.
With 37+ investments in Startups for the past 12 years, the Chennai Angels have shown interest in early stage businesses. Based on the requirement they would fund between Rs 50 Lakh to Rs 3 Crore. Members may invest more or less depending on the funding requirements of the company and the interest of the members. If the investment size is larger, they may syndicate the investment with other investor groups.
With over 89 members who are successful entrepreneurs, senior executives, technologists and skilled professionals from a diverse set of industries, they analyse each and every proposal. Not just funding they offer high quality mentoring to the entrepreneur through the life cycle of fund raising and also opening the door to new customers and partners for growing.
Chai Kings, Survaider, Hetrogenous Communication Technologies Pvt. Ltd, Paperflite Inc, Glassic Eyewear, Appiyo Technologies, Syona Cosmetics, Iradium Automobiles Pvt. Ltd, Ragtagger Lifestyle, Edgefx Technologies Pvt. Ltd, Evegetailing Pvt. Ltd, Proklean Technologies, SP Robotic Works, GoBumpr, Velvetcase, Cloudcherry, Ufony Services.
The Chennai Angels show active interest in business ventures with unique ideas with potential for rapid, scalable growth within a reasonable time frame. Besides, they prefer startup companies with a strong management team to execute the business plan, with relevant and successful experience. They give more importance to entrepreneurs who can provide evidence of the validation of their concept. Finally, the Chennai Angels encourage entrepreneurs from South India.