As the financial year draws to a close, we would like to take this opportunity to highlight how our network has grown over the past 12 months.
1.Mumbai Angels Network is now in 6 cities with 250+ investors. This year our network increased its footprint across the country with the addition of 2 new chapters: Hyderabad and Pune. We have come together for the first of its kind partnership, with Calcutta Angels, largest network in the east.
2.We are the first network to launch MANTs, a digital currency to harness, measure and reward member engagement. In a short span of 6 months, the MANTs engagement index has shot up from 300 to 1200!
3.Our curation and ability to bring unique deals to investors is now the industry benchmark. We invested across diverse ventures ranging from anti counterfeiting and drones analytics to liquid biopsy and supercapacitors based batteries.
4.We invested INR 15 crores in 12 high potential, high growth startups this year. The smallest investment we made was INR 48 lacs, the highest was INR 3.5 crores. 75 members invested in these companies.
5.Our deal closure process has become an industry best practice with the closure timelines being cut down by one third.
6.We now have a 119 companies strong portfolio, with 30 exits till date. This accounts for about 25% companies exited, comparable to global standards for angel investing.
7.This year alone we had 3 exits, with an average of 1.5X return multiple for our investors. A total of 66 members invested INR 4 crores in these companies. 4 more exits are in active closure, you should see the press release soon.
8.Our start-up showcases are known for their format, time adherence and overall TV show quality! Most members mention our format as the highlight of their investing experience.
9.We conducted several networking and educational events across our chapters. Our Angel Investing Masterclass is recognized as a marquee platform.
10.We continue to engage with the government on all policy related matters that impact investing in startups. Our network today is on all tables wherever policy in startup investing is being discussed, representing your interests.
We will soon be announcing several new wealth creation initiatives, building an even stronger platform for you to access the best startups, co-invest with like minded savvy investors, manage your investments and learn the craft of angel investing!
Thank you for your continued support in growing our community and for playing a critical role in evolving India’s startup ecosystem