Tuesday, 19 February 2019

The Funnel

Mumbai Angels, known as India’s premier angel investing platform, has launched Growth Capital vertical last quarter bringing a highly curated set of growth companies to Venture funds and Family offices looking to invest between $1-5 mn in each company.
We are now excited to announce our latest offering: The Funnel   
A curated monthly digest of companies looking for growth capital, with the same curation rigor that MA is known for


Key features of The Funnel:

  • Highly curated deal flow to supplement your existing channels. 120 curated deals every year across sectors
  • Business case analysis and investment note of deals that help in pursuit
  • A co-investment platform for your investee companies

How it works:

      
Comments from several seasoned investors on The Funnel:




Subscription Package


Subscription Amount
Validity
Introductory offer: INR 2,500/ USD 35.7
March 31, 2019
INR 5,000 / USD 71.4
1 month
INR 13,000 / USD 185.7
3 months
INR 25,000 / USD 357.1
6 months
INR 50,000 / USD 714.3
12 months

USD pricing to vary as per the current exchange rate, assumed above 1 USD = INR 70



FAQs : Click Here
Sample Business Case Analysis (BCA) : Click Here

Sample Investment Note (IN): Click Here

Monday, 4 February 2019

Guarented Raises Pre - Series A funding from Mumbai Angels Network

Guarented Raises Pre - Series A funding from
Mumbai Angels Network

Mumbai, February 1, 2019: Guarented, a leader in online renting and selling of refurbished appliances and furniture, raises Pre-series A funding from Mumbai Angels Network (MA), India’s leading early stage investment platform. 
This is the second round of funding that Guarented has raised since its inception in 2016. The key initial investors in the company include K-Start ( Kalaari Capital Seed Fund) and Aneesh Reddy (Co-Founder and CEO, Capillary Technologies).This round of funding is a co-investment between MA and Angellist.
The Bangalore -based player was founded by Harshwardhan RaikwarPrateek Agarwal andAbhimanyu Dikshit who are friends from their engineering days at IIT Kharagpur in 2012. The founding team  with its deep experience across  technology, operations, analytics, sales and consulting, is perfectly poised to propel Guarented to its next level of growth with the MA funding.
The twin pain points that Guarented is solving for are trust and flexibility. The problem of lack of trust in product quality is being addressed by displaying the true condition of the product on the marketplace. Flexibility is being provided by providing options to rent, rent to own, buy and buyback.
The company has identified two distinct target segments for their rental and sales businesses. The target segment for rental are bachelors aged between 22 - 30 years of age, who have recently shifted cities for work or studies. The target segment for sales of refurbished products is a wider set of customers who are value conscious and aspiring to own an appliance or a furniture. The company reaches its customers both through digital and offline channels. 
“Our core value proposition is the refurbishment that we are doing. We add huge value in the products when we refurbish. Customer buy from us because we are affordable, flexible and reliable. ," said Co Founders, Abhimanyu Dikshit and Prateek Agarwal
On the fund raise, Co Founder Harshwardhan Raikwar commented, “We are proud to be associated with MA Network and look forward to the value they bring to propel our growth.  We plan to use the investment to expand our capabilities around technology, marketing innovation, new product offerings and expanding to newer cities across India..”
“We are very excited to add Guarented to our portfolio group of companies.  The rental and sharing economy is one of the key trends that we are extremely bullish on. We also see strong investment interest from the next level investors, whether funds or family offices or strategic investors for companies that have demonstrated strong traction, execution capabilities and understanding of the changing consumer behavior. We believe Guarented has a strong business model and are dedicated to providing them with the support they need to succeed,” said MA Network CEO & MD, Nandini Mansinghka.

About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 350+ members strong across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 4500-5000 companies we review every year. The network now has a 130+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.  
About Guarented Rentals Pvt. Ltd.
Guarented is focussed on creating steady and strong supply for refurbished appliances and furniture which it rents and sell to the end consumer.

Associate - Investment

Job Title
Associate - Investment
Location/Process
Mumbai
Position
Full time
Reporting to
Investment Director
CTC
Subject To Industry Standards And Tenure


JOB DESCRIPTION
The candidate will be responsible for (a) identifying start-ups for investing, understanding and researching new segments, due diligence prior to investments (b) working closely with the angel members, Legal and Accounting to manage documents flow, negotiations and close the investment (c) actively seek out dialogues with other funds and potential investors.

Key Responsibilities

Deal Flow Management
Managing Public Events, Start-up screening and analysis
Deal Structuring, valuation and deal closure
In depth research on deals being presented to the investors
Facilitate Due-diligence and deal closure

Deal Flow Generation

Focus on bringing high quality start-ups to the network for investments In-depth research to track industry trends and newer investment segments on a global & local scale
Evaluation of Business plan and model analysis
Support internal innovation processes and incorporating learnings
Create and build feedback loops to ensure a model of continuous improvement and value for both Investors and MA.
Work closely with the other team members to build a continuously building and learning network

Skills and Aptitude

Ability to operate in an unstructured environment
Exposure to working in a start-up environment is a strong plus
Experience in negotiating investments, valuations and investment terms
Strong understanding of term sheets and shareholder agreements and deal closure process
Entrepreneurial aptitude – with high ability to multi-task across assignments
Ability to work with several different stakeholders
Strong communication skills and Stakeholder centric mindset

Education and Experience

Degree in finance or business management
Experience: Approximately 2-3 Years


Tuesday, 18 December 2018

Proliva raises funding from Mumbai Angel Network

Proliva raises funding from
Mumbai Angel Network

December 19, 2018: Proliva (Nutrisattva Foods Pvt. Ltd.), a natural protein based functional foods company, raises funding from Mumbai Angels Network (MA Network), India’s premier platform focused on new venture investing.

Nutrisattva Foods was founded in 2016 by three veterans from the dairy and nutrition sector: BM Vyas, former Managing Director of India’s largest dairy firm Amul (GCMMF), Shirish Upadhyay, former Senior Vice President of Parag Milk, and nutritionist Dr. Ravi Khimani; with backing from Bennett, Coleman & Co. Ltd. (BCCL).
The protein innovation company is focused on developing customized protein-based functional foods for individuals across age groups, nutritional needs, and lifestyles. Their brand Proliva is 100% vegetarian, all natural, with no additives or preservatives, fillers or added sugars, and is fortified with vitamins, superfoods and Ayurvedic ingredients.

Protein deficiency is one of the biggest causes of malnutrition with 9 out of 10 Indians deficient in this nutrient. The health benefits of protein include support for muscles, joints, bones, skin, hair
and nails, as well as amino acids and electrolytes, all necessary for our well-being.  The Indian Dietary Supplements market is estimated to be $2 billion (Rs. 13,400 crores); growing at a fast pace of 16% and estimated to double by 2020.
Commenting on the Founder Shirish Upadhyay, said, “We are excited to be associated with MA Network and the value they bring to help us execute our larger vision and movement in making India a healthy nation.   We want consumers to make Proliva a part of their daily food consumption habit rather than viewed as a supplement. We want to increase consumer awareness by building focused products within the health food and consumer industry.”
fund raise,

“We are thrilled to bring Nutrisattva Foods to our portfolio group of companies.  We are looking for companies that are paving new paths in the consumer category and believe Proliva is doing just that with their clean label and attractive branding.  We believe MA Network is in tune with the needs and wants of modern consumers and see this as a big business opportunity within the consumer health category.  There is a lot of innovation happening around the protein space and consumers are looking for convenient ways to boost their intake through new formats. Together, Nutrisattva and MA Network aim to increase brand awareness and boost distribution for Proliva,”  said MA Network CEO & MD, Nandini Mansinghka.
About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing.  The network is today 300+ members strong, across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa
and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 4500-5000 companies we review every year. MA Network now has a 125+ strong portfolio with 30+ exits; several of whom were at multiples comparable with global benchmarks in new venture investing.
 
About Nutrisattva Foods Pvt. Ltd:
Nutrisattva is a protein innovation Company focused on developing natural protein nutrition for individuals across age groups, nutritional needs
and lifestyles. Founded on the belief that strains of urban living require a natural, informed and convenience-based approach to good health, Nutrisattva develops products based on the knowledge of nutrition science, fitness and Ayurveda.

Wednesday, 5 December 2018

Fric Bergen Raises funding from Mumbai Angels Network

                              

Mumbai, December 6, 2018: Fric Bergen (Vivan Foods Pvt. Ltd), a leader in the specialty food industry, raises funding from Mumbai Angels Network (MA Network), India’s leading early stage investment platform.

The Gurgaon-based sauce and dip producer was founded by Vivek Singh, Vandana Singh, and Rohit Agarwal in 2008.  Fric Bergen launched with the aim to offer premium-quality sauces at affordable prices in easy-to-use, single-serve sachets for on-the-go consumers.  "Our focus is to cater to the masses. With prices of our products being as low as Rs 10, consumers usually end up buying two to three variants in one go," saidFounder, Rohit Agarwal.

The company already retails over 30 SKUs in their product portfolio which includes a variety of mayonnaise, ketchups, sauces, dips, and jams.  With a strong distribution network covering over 10,000 retail outlets pan India, their focus lies in increasing this segment. Commenting on their expansion plans, Rohit said, "By the end of 2020, we plan to shift our retail revenues to 85 percent and hotel, restaurant, catering would be only around 15 percent."



On the fund raise, Founder Vivek Singh, commented, “We are proud to be associated with MA Network and look forward to the value they bring to propel our growth.  We plan to use the investment to expand our capabilities around innovation, new product offerings, and consumer preferences.  We’ve introduced new flavors such as tandoori mayonnaise and pizza and pasta sauces to appeal to a diversified modern customer base. We plan to further expand our presence in various segments such as honey-based products, sugar-free sauces, and juice concentrates, amongst others.”

“We are very excited to add Fric Bergen to our portfolio group of companies.  The consumer market industry is seeing a growth trajectory with rapid urbanization, evolving consumer lifestyles, rising income levels & growing per capita expenditure, awareness and desire to try new brands, and visibility of products through organized distribution points.  We believe Fric Bergen has a strong business model and are dedicated to providing them with the support they need to succeed,” said MA Network CEO & MD, Nandini Mansinghka.

About Mumbai Angels Network:
Started in 2006, Mumbai Angels Network (The MA Network) is India’s premier investment platform focused on investments in new ventures. The MA Network is today 300+ members strong across 7 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our member base, chosen from a funnel of 4500-5000 companies we review every year. The network now has a 125+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.