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.
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
Monday 23 July 2018
AllizHealth: Mumbai Angels Portfolio Company, acquired by Symple Wellness
Friday 13 July 2018
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://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:
Monday 11 June 2018
Mumbai Angels Network Invests in Theranosis a Non-Invasive Cancer Diagnostic Company
|
Sunday 3 June 2018
Wednesday 16 May 2018
Future Angels Bootcamp
Future Angels Bootcamp
What is it?
- 8 weeks structured bootcamp at Mumbai Angels Network
- A fast pass access into the world of startup investing and entrepreneurship
- Third batch starts 1st October,2018
- Only 4 spots in each batch
The 8 week Bootcamp
If you are looking to dive straight into the world of angel investing and are either:Who can apply?
- A student looking for internships
- Wanting to learn how to invest in startups and willing to devote 2 full months
- Have a business idea but not ready to start yet
- Thinking of leaving your job but are not sure yet
Minimum Age: 18 years Maximum Age: No Bar
What next?
You could
- Go back to school after the bootcamp
- Apply for a full time position with the Mumbai Angels Network
- Start investing as an angel investor
- Start your own company
- Finally quit your large corporate job!
Apply: Yash@mumbaiangels.com
For FAQs: Click Here
Thursday 10 May 2018
Goa Angels, powered by Mumbai Angels Network is finally here!
|
Tuesday 17 April 2018
Government Circular on Angel Tax : Core Issue continues to be unresolved
|
Monday 2 April 2018
Mumbai Angels Network: Strides Taken In 2017
|
Thursday 8 February 2018
Essential Start-up Tips
“Ideas are easy. Implementation is hard”.
This phrase is true for modern-day start-ups as they juggle various facets of a
challenging business environment. From ideas to execution, the strength of a
start-up lies in paying attention to finer details. While there are hundreds of
start-ups that have made their mark today, there are a million others who have,
sadly, bitten the dust. What separates a successful start-up from the
not-so-ones. Here are some of pearls of wisdom that you can follow when it
comes to launching your next venture.
1)
Failing to plan = Planning to
fail
You’ve got to put together
a solid business plan. Addressing the problem statement, target customers,
revenue model, cashflow management, and performance matrix, aligned very well
with the time-bound business objectives can get you further along in your
journey.
2)
The early bird catches the worm
Launch your business
quickly and address the problem statement right away. Waiting for a perfect
product may drain too much time and resources. Instead, extract the right
amount of value from your product and present it to your customers. Market
timing is critical here.
3)
Teamwork is the secret sauce to
success
Regardless of which
business you are into, putting together a kick-ass team is mandatory. From
founders to customer service, from sales to domain experts, these are your
backbone. Getting them right is critical to your business. Putting aside
personal interests especially among the founders for the larger goals and open
communication between team members can pave the way for a favorable outcome.
4)
Know thy customer and know them
well
Not every customer is
going to be ideal for your business. Understanding the effort involved in acquiring
and then servicing a customer is important. You cannot have too many customers
paying you too little. This leads to a higher acquisition and servicing cost to
the company. Going after small customers who pay within your comfort zone is
far better than large customers who may be bad paymasters.
5)
Stay lean
Accomplish more with less.
Whether your well-funded or bootstrapped, services or product company, as a
start-up, learn to curb unnecessary expenses. Let go of that fancy office
space, or that extra spend on parties and outings. Avoid those expensive conferences
or events, instead stick to a budget and keep a tight check on your spend.
6)
In God we trust, everything
else needs to be measured
Performance metrics across
all business functions are sacrosanct. Prioritize strategic and tactical goals
for founders and team members. Ensure that you evaluate your company’s
performance against your short, medium and long-term goals, make adjustments as
necessary and optimize your resources to meet those set
targets.
Tuesday 30 January 2018
Budget Wishlist for the Start-Up Sector
By
Mr. Ishan Singh,
CEO & MD RevStart ;
Member, Mumbai Angels Network
As
an entrepreneur turned angel investor, who runs RevStart, where we offer
co-working, incubation and acceleration services, I meet startups and
entrepreneurs daily. Startups in India have varied needs that need to be
addressed by the government with an open mind & financial eye.
Mr.
Modi had ignited a billion minds with Start-up India and Make in India. With
large number of unemployed youth, this is the need of the hour. The current
government has done a lot to help the startup ecosystem, however the Modi
government's mantra of minimum government and maximum governance seems
contradictory when one looks at the Angel tax or the recent news where the
Income Tax department has asked ecommerce sites to reclassify discounts as
capital expenditure.
For any budding entrepreneur, access to
capital is the most critical factor to success. The government needs to have a
broad-based program to ease the flow of equity capital and credit to
entrepreneurs and start-ups.
A good idea would be to look at incentives
being given in other countries – most programs involve grants, access to credit
and tax credits to investors.
The
Israeli prime minister had recently visited India and I hope the government
learns from Israeli programs that promote entrepreneurship. It would be
interesting for readers to know that in Israel, the Angels Law is an incentive
to invest in start-ups by deducting the investment amount, up to NIS 5 million
(approximately $1.5 million), out of their taxable income, produced from any
source for up to 3 years. Now compare that to our Angel Tax! Israel also has an
excellent grants and tax incentive program to promote entrepreneurship, spur
R&D, tourism and even a special fund called the ‘Nitzan Fund’ to
incentivise agri-research.
The US government too, has several programs
that encourage business to create and retain jobs, make capital investments,
promote development in rural areas and promote innovation. The US Small
Business Administration has been established to fund entrepreneurs and small
business where private banks may not be inclined to. There are also a host of
other grants, like the Small Business Innovative Research Grant program that
provides $2.5 billion of annual grants.
The
Indian government has done great work with the Atal Innovation Mission and Atal
Tinkering labs which have focussed on grants to educational institutions,
however, to accelerate commercialization, they need to partner with private
for-profit incubators and accelerators.
My
budget wish list includes the following 3 major reforms that will ease the flow
of capital to start-ups, these are :
1.
Tax Incentives
Countries like
Israel, China and the UK provide incentives for money to be invested in
start-ups by making some or all the invested capital tax deductible to a
certain limit.
Along the same
lines, the government can encourage broader equity participation by removing
capital gains on exercising ESOP’s.
The Angel tax must
go or should only be applicable to start-ups over a certain valuation (say $10
million) - investing in start-ups is not like real estate where there is a
circle rate!
2.
Allow Equity
Crowdfunding
I am sure all of
us have heard of Kickstarter which since 2009 has seen 14 million people
contribute $3.5 billion to 130,000 projects. However, equity crowdfunding is
banned in India. In a press release issued on August 30, 2016, SEBI found that:
“ The electronic platforms are allegedly facilitating investment in the form of
private placement with companies, as the offer is open to all the investors
registered with the platform amounting to a contravention of the provisions of
Securities Contract (Regulation) Act, 1956 (SCRA) and the Companies Act, 2013.”
We can learn by
the example of the US or Italy, which was one of the first jurisdictions to
pass a comprehensive regulation on equity crowdfunding. Italy specifically
allows for crowdfunding to support the development of “innovative start-up
companies”.
SEBI has issued
draft guidelines in April 2017 and I hope that is passed into law this budget.
3.
Establish a Small
Business Bank
Any entrepreneur
will tell you that it is impossible to get credit for working capital. If you
are working without a salary, you can’t get a personal loan. If an entrepreneur
turns to a microfinance organization, the real interest rates can be as high as
24%. On the other side of the spectrum, venture debt providers look for large
ticket sizes.
The problem is -
Who is giving a small start-up 25 lakhs for working capital today? That is the
unserved market.
The government has
announced a loan program, but unlike the US where the loan process takes a
week, the implementation is a challenge. It would be great if the government
looked at the US, which has established the SBA. The Small Business
Administration ( SBA ) is a United States government agency that provides
support to entrepreneurs and small businesses by making loans through banks,
credit unions and other lenders who partner with the SBA. They have an
excellent microloan program where loans less than $25,000 require no collateral
and they offer credit guarantee for loans up to $5 million.
I can go on and
write a long wish list of demands that various startups and entrepreneurs want.
If the government can waive off 100,000 crores of farmers’ loans, why not contribute
10,000 cr to an SBA type program? If the government is listening, just
implementing the broad points above will go a long way in providing capital to
fuel a billion dreams!
** Disclaimer: Views expressed are in personal capacity, not the official stance of Mumbai Angels Network
** Disclaimer: Views expressed are in personal capacity, not the official stance of Mumbai Angels Network
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