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 Ángels 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.