Mumbai Angels and India Accelerator join hands to co-invest in innovative startups

 

Mumbai Angels and India Accelerator join hands to co-invest in innovative startups

15th, February, 2022: Mumbai Angels, a premier platform for early-stage investments, has joined hands with India Accelerator, India’s only Global Accelerator Network-backed (GAN) institution, for ‘The Co-investment Program’. Through this program, both platforms will back promising startups while offering them a chance to also raise their next round of funding from Mumbai Angels. Additionally, the selected startups will gain access to Mumbai Angels’ Multiplier Program; an exclusive marketplace for its portfolio companies.

Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, "Our co-investment program has launched with the idea of backing high-potential startups in partnership with distinguished investment networks/ accelerators and we believe that their experience and strategic way of operating will help pick out the most promising startups to back. We look forward to a fruitful relationship"

“We have always admired Mumbai Angels for its tenacity and willingness to make bold bets, which is why we see a clear alignment in purpose between both platforms. Having funded 46 startups in the last year alone through India Accelerator’s vast network, we are now looking to double the figure in 2022. We are hopeful that this association will play a part in fulfilling that vision. We look forward to combining our knowledge pool and resources with Mumbai Angels and further work towards the common vision of taking the Indian startup ecosystem to greater heights,” added Mona Singh, Co-Founder, India Accelerator.

About Mumbai Angels: Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. Mumbai Angels today has a 190+ strong portfolio across sectors and cities across India. Of the overall portfolio, the platform has exited/ secured the next round of funding for 100+ of them. Today the platform has 650+ investors spread across 60+ cities across the globe.

About India Accelerator: A leading seed-stage technology accelerator based in Gurugram; India Accelerator is one of the fastest-growing accelerator platforms in Asia. The platform is committed to helping emerging startups realize and capitalize on their true potential by accelerating them into the next phase of growth. Since August 2017, India Accelerator has selected 110 companies for acceleration and was recently awarded the title of Best Accelerator in India by Startup India.