CBA Ventures (CBAV) and Mumbai Angels Network (MA Network) have announced their strategic partnership to create a corridor of opportunities for Indian and Korean start-ups into the Asian and European Markets.
CBA Ventures’ global acceleration program is designed to promote investment, rapid growth, and achieve international commercialization for promising startups that have a focus towards global opportunities. MA Network is the premier investment platform for investing in startups in India.
Through this alliance, MA and CBAV will work together to enable the start-ups in Mumbai Angels’ portfolio to expand into Korea, other South-East Asian Markets and Europe. The two partners will also work towards showcasing Korean start-ups and growth stage companies to the Indian market, investors and potential partners.
[From Left to Right] Nandini Mansinghka - CEO & MD, Mumbai Angels Network ; Devang Oza - India Head, CBA Ventures
Regarding the MOU signed with Mumbai Angels, CBA Ventures Director, Mr Dongwook Suh, commented: “We are extremely proud and excited to be joining hands with Mumbai Angels. This promising opportunity only strengthens our mutual commitment to connecting our client's companies to international markets so they can thrive, and today’s announcement is a further endorsement of the strategy both companies have in place for building scale within the global market and providing a better service offering for our clients."
"Our synergistic relationship with Mumbai Angles provides CBAV with an important link to India, which is the fastest growing major economy and the third largest startup base in the world, and compliments agreements we already have in place with other robust Asian markets in Vietnam, Hong Kong, Singapore and Japan."
Nandini Mansinghka, CEO and MD at Mumbai Angels Network says, “ We are excited to partner with CBA Ventures. With this alliance we are adding yet another avenue for our portfolio companies to become market leaders, expanding into the growing South Asian Markets across industries. As the premier network for venture investing in India, our focus is always on growth and exits rather than investments. We also look forward to introducing cutting edge Korean companies to our investors looking to invest in international startups and connecting these companies to our portfolio companies and other potential business partners.
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). It has a 130+ strong portfolio with 30+ exits and has invested 150+ crores.
Founded in 1971, Cross Border Associates AG (CBA) has evolved into a global network of affiliates with a diverse set of services catering to a wide range of corporate needs, with specific expertise and emphasis on the provision of financial and corporate organisational and consulting services, as well as corporate formation and business development. CBA Ventures was founded in March 2018 and proudly registered as the 103rd member of the Accelerator Registration & Support Program run by the Korean Ministry of SMEs and Startups. Since then, CBA Ventures has focused on expanding its business reach around the country and begun its long mission to invest and incubate startups, as well as nurturing them towards becoming global-minded companies. The company provides a wide range of services towards promising clients seeking to enter the global market, including investment, local networking, and advanced consultation.