Tuesday, 13 August 2019

Goa investors backing innovative startups across the country

Goa is becoming a hub of active angel investors. It has been exactly one year since the launch of Goa Angels Network in 2018 powered by Mumbai Angels Network, the premier investment platform for investing in startups in India. Goa Angels are actively investing in start-ups from Goa and from across the country.
In the last few months since launch, over 15 startups have pitched to a room full of angel investors from Goa.
Some of the active members in the network include Shrinivas V Dempo, Vijay Hede, Carlos Sousa, Swati Shivanand Salgaocar, Dean Menezes and Manoj Caculo. Between them they have invested in several marquee start-ups such as “Adonmo”, pioneering mobile - innovative advertising in India; “Dr Sheth’s”, Skin care brand by celebrity dermatologist; “Leadstart”, publishing house and "Nutrisattva", F&B offering Protein based food. These leading members are playing a key role in helping Goa based startups and others come on national radar by not just putting in money, but also sharing their valuable experience and network.
“The Goa Angels investor network is committed to building a vibrant start-up ecosystem in Goa. Innovative start-ups from Goa gain access to a large pool of investors across industries, helping them scale up. Apart from investment pitches, Goa Angels and the MA Network also plan to provide insight into startup investments in Goa through several learning and networking sessions,”  Swati Salgaocar, Vimson Group.

“We are glad to have partnered with trusted partners like Mumbai Angels to help us with finding interesting and innovative startups to back, lead the due diligence, investor rights & exits. Together Goa and Mumbai Angels Network have enabled process driven investing and ability to attract the best companies to Goa” - Dean Menezes, Cosme Matias Menezes.
“Disruptive business models across sectors pitch in Goa through Mumbai Angels. Launch of Goa Angels Network has enabled people like me to enter the magnificent start-up investment space, get exposure and access to innovative business ideas and businesses by young entrepreneurs” - Carlos Sousa, de Souza Group.
“We see Goa to be a thriving ecosystem for start-ups. Every month 3-4 highly innovative startups pitch for investments to the investors in the network. Since within Goa Angels, we have investors from across sectors, who are entrepreneurs themselves running our own businesses or have experience running large companies, startups find it extremely beneficial to interact with us and raise funding from us. Collectively, we have invested in around 6 start-ups so far, and plan to invest in many more this year” -Vijay Hede, Pyramid Finance.
“As Goa comes to the forefront of the startup revolution in India, we as Goa √Āngels Network and MA Network are looking forward to building a strong angel investment network in the state, which is critical to building a robust start up ecosystem.” –Manoj Caculo, Caculo Group.
“We are excited that Goa Angels is leading the change to bring the top investors in Goa under a single network. We see this as a first and critical step in building a robust start-up ecosystem in the State. Our partnership with MA Network ensures our members get access to best-in-class start-ups from across the country. Being a part of a larger network offers the full membership experience, including investing best practices, learning sessions and active portfolio management for the invested companies,” said Shrinivas Dempo, Dempo Group.  
“We are excited to power Goa Angels and build the start-up ecosystem in Goa. With our nationwide reach of seven chapters (Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Pune and Goa), MA Network has the first access to the best start-ups in the country. With our innovative, process driven investing, we are able to steer the entire investment process smoothly right from curating deals, deal negotiations, deal documentations to actively managing the invested portfolio and working closely with the next level investors for exits,” said Nandini Mansinghka, CEO and Managing Director, MA Network.
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 400+ 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 8000 companies we review every year. MA Network now has a 130+ strong portfolio with 30+ exits; several of whom were at multiples comparable with global benchmarks in new venture investing.

Monday, 22 July 2019

Dr.Sheth's launches anti pollution serum, Odigo, Avaz and more

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DrSheth's launches Anti Pollution Serum
DrSheth's launches its Anti Pollution Day Serum which works in conjunction with your sunscreen to protect you from harmful pollutants and screen-based light. Indian skin is especially prone to pigmentation and can be easily damaged by such light and pollution.
ODIGO "An Enterprise Messaging Platform"
Enterprise messaging app, ODIGO was recognized as the winner of the HDFC Digital Innovation Summit 2018amongst 135 technology companies. The app has over 10,000+ downloads.
Avaz launches an app for Dyslexia
Avaz developed a reading app for people with Dyslexia in collaboration with the Madras Dyslexia Association.The creators also built Avaz App,the award winning AAC(Augmentative & Alternative Communication) app for individuals with autism.
Know more
ZING HR - Talent Management Solutions
ZingHR provides Talent Management Solutions for fast growing progressive enterprises - helping business outcomes. ZingHR serves over 550 customers with 850,000 employees across India, Middle East, SE Asia and Australia.  Know more

JOB OPPORTUNITIES 

 
 Technical Lead with a PQE of 4-5 years in Enterprise SaaS Applications.

Interested or know someone who is a perfect fit? Send us your cv quoting “Leegality - TechLead” in the subject line to portfolio@mumbaiangels.com
 Sales & Distribution partners to take the app to more schools and children

Interested or know someone who is a perfect fit? Send us your cv quoting 
Avaz - S&D  in the subject line to portfolio@mumbaiangels.com
Our mailing address is:
Mumbai Angels Network
201 Turf Estate, Shakti Mill Lane,
Off Dr. E Moses Road
Mahalaxmi West, Mumbai – 400013

Tuesday, 9 July 2019

Toch, a media-tech platform, raises Pre-Series A funding from Mumbai Angels Network

Mumbai, July 9, 2019:  Toch (Vogueme Technologies Pvt Ltd), an interactive video platform using AI and deep learning technology, raises funding by Mumbai Angels Network (MA Network), alongside Hyderabad Angels (HA Network) and other investors.
The Mumbai based firm founded in 2016 by Vinayak ShrivastavAlok Patil, andSaket Dandotia will use the funds to enhance technology, scale their team and operations.

Toch is an AI video platform which auto detects any object, person, emotion, location, scene and activity in real time, inside any video content enabling monetization. The technology detects touch points, extracts meta-data to enrich content data points, and automates the meta-tagging process. Toch is a go-to solution for multiple platforms helping them monetize content and use meta-data for multiple data collection internally. Toch helps both businesses and consumers engage with their users; bridging the gap between content and commerce through ad sales, product sales, brands and advertisers. With Live commerce becoming the centre in the country after China, Toch has positioned itself as a platform to enable the new-age discovery solution for users.
“As an investor in Toch, I think the AI technology created by the company will revolutionize the streaming platform industry. Toch has a huge potential in terms of customer base through Live commerce experience which is the next big wave in the country,” said Gaurav Satija, MA Network Investor.
“We believe Toch is an innovative tech platform and making content shoppable is the next big move in the country.  Monetizing videos will enable content creators to engage and deliver more value to customers. Toch has built a sector agnosticsolution which supports the rapid growth in video AI. We see technology continuing to shape the future of media and a strong space for investment which will enable us to take part in this modern shopping era that is driven by visuals.  We are incredibly excited to welcome Toch to the growing MA Network portfolio,” said Nandini Mansinghka, MA Network CEO & MD.
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 400+ 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 8000 companies we review every year. MA 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 Toch: 
Founded in 2016, TOCH is an video AI solution built on proprietary artificial intelligence and blockchain technologies which are directed to fully unleash the potential of videos in online communication and e-commerce. TOCH has been focusing on identifying meta-tags and making any streaming videos data rich, e-shoppable by tagging in-video products to major e-commerce sites or partner e-shops and unleashing the experience of live commerce.  Further down the road, Toch will expand to accommodate a platform where users can discover content basis their interest.

Tuesday, 4 June 2019

Leegality raises funding from Mumbai Angels Network


Mumbai, June 4, 2019: Leegality, an eSigning and digital document workflow platform, raises funding led by Mumbai Angels Network (MA Network), India’s premier platform for venture investing, alongside Chandigarh Angels and others.
The Gurgaon based firm founded in 2016 by Shivam SinglaPrakhar Agrawal, andSapan Parekh will use the funds to enhance their technology, scale operations, and accelerate growth.
Leegality is India’s leading platform enabling enterprises to digitize, optimize and automate document signing and workflow processes. Organizations which useLeegality are able to eliminate the use of heavy paperwork, streamline operations, and increase the accuracy and efficiency of their documentation efforts with customers, merchants and employees. The company is also able to assist a wide range of market sectors. The banking, financial services and insurance (BFSI) sectorhas already seen a rapid adoption of the company’s digital solutions.
Leegality has identified a valid pain point which will enable organizations and professionals to create a better customer experience, save money, and work faster by automating and streamlining their business document processes digitally,” said MA Investor Kishore Ganji.
MA Investor, Neil Mehta said, “Leegality has the potential to transform the exchange of official documents in the same way that email has transformed snail mail.”
“We believe Leegality has tremendous opportunity as a tech disruptor for customers and enterprises as electronic signatures provide convenience, security and ease of use.  Digital technology has enabled communication to go online and in order to stay relevant and competitive all industries must also go digital. We see, digitized transactions for any type of business completely online, from start to finish, in a secure environment for anyone, anywhere, a strong space to invest and are excited to welcome Leegality to the growing MA Network portfolio,” said 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 400+ 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 8000 companies we review every year. MA 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 Leegality:
Leegality is a platform for digital business documentation. We provide secure, legally acceptable,tamper proof, quick and convenient Aadhaar, eSign and eStamping facilities to all kinds of businesses.  We want to promote a digital outlook towards routine paperwork and encourage time & cost-efficient document execution through our standard and custom-made solutions.