Dainik Bhaskar Group and Mumbai Angels Network partner to invest in startups from New India

Ramesh Ji and Sharda Agarwal Foundation is launching India’s first start-up funding competition for startups from cities which are the growth engines of New India. The foundation is promoted by leading media group-Dainik Bhaskar. The initiative is powered by Mumbai Angels (The MA Network), India’s premier angel investing network.

The program will shortlist startups that can pitch for funding to more than 300+ members of The MA Network across the country. Dainik Bhaskar Group will also invest in each of these startups so that they can grow to their full potential and compete on an equal platform both in India and Internationally.

Startups who have either an offering or a product or a prototype ready and have commenced operations or beta testing can write into db.pitch@mumbaiangels.com

“Our primary purpose behind launching this program is to make sure that the start-ups from the growing cities in India get the same opportunity for growth and access to funding as startups in any other part of the country. As the largest media house in the country, we see it to be our responsibility to contribute to the growth of the startup ecosystem in India,” said Girish Agarwal from DB Group.

“We at The MA Network are continuously scouting for innovative startups and we are very excited to partner with DB group to identify the best startups from across India. The selected startups will be invited to pitch to 300+ members of our network across 6 cities,” said Nandini Mansinghka, CEO and MD, Mumbai Angels Network.

About Dainik Bhaskar Group
Dainik Bhaskar Group is India’s leading newspaper group. With 4 Languages and 66 Editions, the group has total readership of nearly 58 million across 12 states.  The group has a strong presence in Radio business. 94.3 MY FM, the Radio Brand of the Group, has presence in 30 cities across 7 states. The digital arm of the Group, DB Digital has 9 portals in four languages Hindi, Gujarati, English and Marathi. The Group also has its Mobile App in three languages- Hindi, Gujarati and English.  Besides, the Group has diversified interests in Power, Textile, Real Estate and Hospitality sectors.

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 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our memberbase, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.

AllizHealth: Mumbai Angels Portfolio Company, acquired by Symple Wellness

AllizHealth – A Mumbai Angels Network Portfolio Company, is acquired by Singapore based Symple Wellness Mumbai, July 23, 2018:  Mumbai Angels Network, (MA Network), India’s leading early stage investment platform, is pleased to announce the acquisition of their portfolio company AllizHealth, by Singapore- based health tech firm, Symple Wellness Platform Pvt. Ltd. do we have their website link Allizhealth is a Pune-based wellness and health analytics platform. The preventive healthcare startup analyzes a repository of health records to predict a patient’s health risk.  The company was founded in 2013 by Rasmi Mishra, Gaurav Vij,Dhairya Gupta, and Chinmoy Mishra. Symple Wellness offers services in digital health records, health risk assessments, doctor consults, health check-ups, health coaches and condition management programs.  With this acquisition Symple Wellness will get access to superior technology capabilities and a highly qualified team to propel their growth. MA Network raised funding for Allizhealth in 2015.  The round was led by Deal Lead, Dr. Aniruddha Malpani, a healthcare domain expert and seasoned angel investor. Commenting on the acquisition, MA Network CEO & Managing Director Nandini Mansinghka said, The value of any investment is unlocked only when there is an exit for our investors. We are fortunate to have partnered in AllizHealth’s journey as the company built out a market validated healthcare analytics platform. We are actively building on our healthcare portfolio which we believe will continue to drive value for both entrepreneurs and investors. About Allizhealth AllizHealth is a technology venture in the preventive care space, building a consumer focused “wellness & health analytics platform” for early identification, tracking and management of health risks and conditions. The platform also enables users to store/access/share health information more efficiently, track various health risks and parameters, store digitized health documents and also connect with caregivers. 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 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad 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 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing

Our Deal Curation Process is the Gold Standard

Mumbai Angels Network announces bridge round in Vahdam Teas

                                

Mumbai Angels (The MA Network) has announced its participation in the bridge round for Vahdam Teas

Vahdam Teas, a player in the niche and growing tea and beverage market in India, is a part of The MA Network’s existing portfolio. The company’ was founded in 2015 by Bala Sarda

Vadham Teas raised its angel investment round of INR 4 crores from the MA Network and other investors in 2017. The round was led by Kishore Ganji, Balwinder Kalsi and Jatin Aneja.

The existing investors from the MA Network have participated in the current bridge round, which is a strong testimonial to their support and belief in the company’s model and the founders’ ability to scale the company in the fast growing FMCG and beverage businesses.

“Our investment in the bridge round for Vadham Teas showcases our strength in not only investing in startups at the initial angel investment round but through their journey as they scale and demonstrate strong traction.” said Nandini Mansinghka, CEO and MD, Mumbai Angels Network.

See media coverage about Vadham here:

https://economictimes.indiatimes.com/small-biz/money/premium-online-tea-brand-vahdam-raises-rs-4-crore/articleshow/56637460.cms

https://www.business-standard.com/article/pti-stories/vahdam-teas-raises-650-000-from-angel-investors-117011800658_1.html

https://yourstory.com/2018/06/startups-brewing-perfect-cup-tea-chai-crazy-indian-market/

Mumbai Angels Network launches the web series Investment Tales

Mumbai Angels Network (The MA Network), India’s leading new venture investment platform, launches Investment Tales, a web series on Angel Investing. The series will soon be available across the MA  Network’s YouTube ,Linkedin, Facebook and Twitter Channels.

Investment Tales is series with a mission:  that of deepening the repository of knowledge available in public domain about Angel Investing.  The series features prolific investors who share their insights on investing in new ventures and investigates the techniques they adopt while investing. Investment Tales will also talk to founders of ventures who have recently raised funding from investors to understand the perspective from both sides of the table.

The first few episodes of Investment Tales cover topics as diverse as Valuations: Is it an art or science, difference between public market and venture investing, how to identify, classify and mitigate risks, investing alone vs through a network, how to negotiate the deal, how to manage your portfolio and many other topics.

“Investment Tales with MA Network is a journey that cuts right through the cutter and gives you an insider’s view into the world of Angel Investing. Through this web series you will learn about this exciting and emerging asset class and the complex craft of new venture investing,” says Nandini Mansinghka, CEO and Managing Director, MA Network.

Investment Tales will be available across media channels soon. Tune in for great advice and insights from investors, hear about insider tips and stories from entrepreneurs, advisors and venture capitalists in the coming seasons.

Mumbai Angels Network announces bridge round in The Parfait Co

                     

Mumbai Angels (The MA Network) has announced its participation in the bridge round for The Parfait Company.

The Parfait Company a manufacturer of packaged ice creams and frozen desserts , is a part of The MA Network’s existing portfolio.

The company was founded in 2014 by Sharmeen Indorewala and Basheera Indorewala, with a menu of twelve flavours of French style parfait. Being the only brand in India and across the world to manufacture packaged French parfait they have created a unique position for themselves on supermarket freezer shelves and in the hearts of their loyalists.

French Parfait is ice cream’s fussy French cousin and TPC’s endeavor was to deliver all natural, preservative, stabilizer, emulsifier and gluten free parfait to India’s increasingly growing health conscious consumer.

Parfait raised its angel investment round from the MA Network in 2017. The round was led by  Vikas Khemani and V Hari.

The existing investors from the MA Network have participated in the current bridge round, which is a strong testimonial to their support and belief in the company’s model and the founders’ ability to scale the company in the fast growing food business.

“Our investment in the bridge round for Parfait is a part of our broader strategy to support ventures not just at the initial angel investment round but through their journey as they scale and demonstrate strong traction. Parfait is also a key name in our growing food and FMCG portfolio” said Nandini Mansinghka, CEO and MD, Mumbai Angels Network.

See media coverage about parfait here:

https://yourstory.com/2017/10/bootstrapping-for-two-years-sharmeen-indorewalas-the-parfait-co-conquer-a-larger-market/

https://yourstory.com/2016/02/sharmeen-indorewala/

Mumbai Angels Network Invests in Theranosis a Non-Invasive Cancer Diagnostic Company

June 11, 2018: Mumbai Angels Network is pleased to announce our investment in  Theranosis Life Sciences, a medical diagnostic startup, that targets case-specific cancer diagnostic therapies as an alternative to conventional ‘one size fits all’ treatment. Founded in 2016, Theranosis, based out of Hyderabad, India, is exploring non-invasive diagnostics for cancer patients. The company has a patented device that can reduce the need for surgical biopsies. Theranosis aspires to exhibit revolutionary innovations in the cancer treatment landscape.     Theranosis is spearheading precision medicine in oncology in India and other developing countries. To implement the latest advances in companion diagnostics they have developed a patented microfluidics lab-on-a-chip device which detects circulating tumor cells from a simple blood sample of a cancer patient, circumventing the need for a surgical biopsy. This procedure called liquid biopsy is a less invasive method and diminishes severe adverse effects triggered by chemotherapy. Another beneficial outcome is that it monitors treatment responses in real time. Dr. Shibichakravarthy Kannan, Founder & CEO, has an impressive background which includes clinical research in HIV and TB, a PhD in Molecular Biology andBiochemistry, industry experience in liquid biopsy and a doctoral fellowship from the MD Anderson Centre, Houston, USA. Dr. Dharman, Co-Founder and Promoter, hails from the University Of Texas School Of Public Health, Houston, USA. Shantanu Agarwal and Akshay Mittal, Deal Leads, Mumbai Angels Network said “It is a privilege to join Dr. Kannan and Dr. Dharman, along with their team, who have over 35 years of relevant experience and knowledge in the space to take things forward.  Together, we hope to achieve their vision to build a cutting-edge medical diagnostic and therapy firm that aids health care providers as well as patients all across the world” Nandini Mansinghka, CEO and Managing Director , Mumbai Angels Network said “We  focus relentlessly on bringing unique, curated investment opportunities to our investor members within the network. Our investment in Thernosis highlights our focus on niche opportunities in the healthcare and healthtech space. Thernosis also fits very well in another of our key investment themes, that of Indian companies with the potential to expand into international markets” Mumbai Angels Network is delighted to partner with Thernosis on its journey to develop what could be a ground breaking treatment. _______________________________________________________________ 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 6 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad and Pune). We have built a strong investment framework through which we showcase 60-70 highly curated investment opportunities to our memberbase, chosen from a funnel of 800-1000 companies we review every month. The network now has a 120+ strong portfolio with 30+ exits. several of whom were at multiples comparable with global benchmarks in new venture investing.