Mumbai Angels welcomes Faad Network as its New Partner for The Co-investment Program

 

Mumbai Angels welcomes Faad Network as its New Partner for The Co-investment Program

07, March 2022: Building on the success of The Co-investment Program, Mumbai Angels, a premier platform for early-stage investments, has announced its next partner, Faad Network, an early-stage investor network offering pre-seed to Series A rounds investments in sector agnostic startups.   The Co-investment Program initiated by Mumbai Angels aims to offer exceptional growth opportunities for startups in addition to financial backing. The selected companies receive unrestricted access to the MA Multiplier platform, an exclusive marketplace for its portfolio companies to receive invaluable services, such as bookkeeping, cloud storage, marketing solutions, and more.

Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, “With the investment focus that complements our vision, Faad Network presents an ideal fit for our Co-investment Program. As we continue identifying and investing in promising startups, we are positive about complimenting on our individual strengths. We look forward to lasting, synergistic growth in time to come.”

“Mumbai Angels is known for its tenacity and extensive network of investors, along with its vast, constantly-growing portfolio of high-growth startups. Both Mumbai Angels and Faad Network have been active investors in the early-stage startup ecosystem. Our combined effort for the co-investment program will positively impact more startups while encouraging new investors to become a part of our network.” added Karan Verma, Co-Founder and Director of Faad Network.

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.

Eat Better Ventures Raises INR 5.5Cr in Seed funding round led by Mumbai Angels and Java Capital

 

Eat Better Ventures Raises INR 5.5Cr in Seed funding round led by Mumbai Angels and Java Capital

03, March, 2022: Healthy D2C food brand Eat Better Ventures Pvt Ltd. has raised INR 5.5Cr funding in a seed round led by Mumbai Angels and Java Capital.   The round also saw the participation of Shiprocket Ventures, Capier Capital, AngelList & Plan B Capital. Besides, over 20 reputed entrepreneurs, including Arjun Vaidya, Bimal Karettk Rebba, Vishesh Khurana, Ishank Joshi, Venus Dhuria, Harpreet Grover, Radhika Ghai, Bhavik Vasa, & Divij Bajaj, also participated in the round. The company plans to utilize the funds to step up its production capacity, build a strong team, launch new products, and strengthen marketing and distribution.

Speaking on this, Nandini Mansinghka, Co-Founder and CEO - Mumbai Angels, said, “Embracing healthy snacking while pursuing a healthy lifestyle goal can be a daunting task for many. Today, an increasing number of Indian millennials are seen quickly catching up with the global snacking revolution. Traditional Indian foods prepared with a modern twist to suit changing palate preferences will go a long way in inculcating a healthy snacking lifestyle,”

Commenting on the fundraise, Mridula Kanoria, Co-founder of Eat Better said "Consumers are waking up to more conscious, healthy choices, and their expectations and preferences are rapidly evolving. At Eat Better, we want to support them on their journey of health without compromising on taste. We are thrilled to have secured funding from marquee investors and believe that it will lay the foundation for us to achieve our goal."

Shaurya Kanoria, Co-founder of Eat Better, added, "Most packaged foods available are full of chemicals, artificial flavors, and preservatives. Eat Better exists to change this narrative. We are excited to welcome an amazing group of investors who have backed and scaled large businesses. Our aim is to build a large and enduring food and beverage brand that offers customers delicious and healthy foods at the click of a button.”

Commenting on the rationale behind the investment in Eat Better, Karteek Pulapaka, Partner Java Capital said, "Healthy & Snacking need not be at odds with each other. Eat Better is building on India’s rich traditions of healthy snacks to bring time-tested nibbles with a twist to suit the modern Indian palettes. Very few brands managed to get a taste, form-factor, and healthy ingredients right at the same time. Eat Better has been able to do so, which is reflected in the 38% MoM growth and high customer retention rate."

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+ Global cities.

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.

Union Budget Summary 2022

 

Mumbai Angels and others invests USD 1.5 Mn seed round for Fintech startup Minko

 

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Mumbai Angels and others invests USD 1.5 Mn seed round for Fintech startup Minko Mumbai, January 28, 2022: Mumbai Angels, a premium platform for early-stage investments, has invested in Minko, a Fintech startup offering credit to retail shops, along with LetsVenture, and Kunal Shah, Founder of CRED, in a seed funding round led by LC Nueva. Minko will utilize the funding to strengthen its team by hiring talent for its technology and sales verticals and expanding its footprint across India. Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, “We see a growing need for instant and seamless credit facilities, especially for retailers. We believe our portfolio company Minko is a game changer making access to digital credit a simple and efficient process.” “We are thrilled to be backed by eminent investors in our journey to enable retailers to access low-cost instant credit through a simple process. Especially for offline retailers, there is a large gap in the credit system, and easy access to a digital credit line would be immensely beneficial. We are now looking to augment our offerings further and for this, team strength, talent, and reach are necessary. We will continue to enhance our products and expand our presence in new markets in the country,” added Sanket Shendure, Co-Founder of Minko. About Mumbai Angels Started in 2006, Mumbai Angel 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 Minko Founded by Sanket Shendure and Sanmati Shendure, Minko began product development in January 2021 and has achieved a remarkable growth trajectory. Besides its flagship product Minko Credit, the company has also added three new products in six months – Minko Invoices, Minko QR Code, and Minko Gold. Currently present in Goa, Maharashtra, and Bihar, Minko aims to expand to other states this year and onboard 100,000 retailers and distributors onto its platform.

Mumbai Angels, Strides Taken in 2021

Our mailing address is: Mumbai Angels Network 301 Turf Estate, Shakti Mill Lane, Off Dr. E Moses Road Mahalaxmi West, Mumbai – 400013

 

LegalKart raises INR 4Cr in Pre-Series A round from Mumbai Angels and IIM Udaipur Incubation Center

 

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LegalKart raises INR 4Cr in Pre-Series A round from Mumbai Angels and IIM Udaipur Incubation Center 21, January, 2022: Mumbai Angels, a premium platform for early-stage investments, has invested in LegalKart, a Gurgaon-based legal-tech startup, as a part of the Pre Series A round along with IIM Udaipur Incubation Center. The company plans to utilize the funds to develop new tech products for customers with AI, ML capabilities, to create instant access to legal support while also creating awareness about the platform. Nandini Mansinghka, Co-Founder & CEO - Mumbai Angels said, “Legal-tech in India is a late bloomer, but a rapidly growing sector, optimizing legal processes and operations for businesses; with unique solutions that have plagued the industry for decades. LegalKart has been instrumental in bringing about an efficient legal-tech system. We are confident that the freshly infused capital will allow them to scale and reach greater heights.” Dr. Arvind Singhatiya, Founder and CEO of LegalKart, said, “This decade is dedicated to legal technology globally, and we intend to redefine the way legal services are accessed and delivered in India by creating an engaging customer journey for any law-related matter. We aspire to ultimately morph into an end-to-end Legal support and service ecosystem and we are thrilled to have an eminent investor like Mumbai Angels coming on board to invest and mentor the company. We believe we are now ready to further ramp up our technical operations to the next level.” Kannan Soundararajan, CEO, IIMUIC, said, “As our country grows by leaps and bounds, easy and quality access to legal advice and support is very essential to everyone and LegalKart is  working on enabling this.” 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+ Global cities. About Legalkart Founded in 2018 by National Law University (Jodhpur) alumni Dr. Arvind Singhatiya, LegalKart is an instant 24x7 Legal advice platform offering a transparent and democratic legal access available in more than 8 Indian languages across the country through its proprietary technology. LegalKart aims to provide an affordable yet high-skilled Legal advice on demand providing affordable documentation and Property Legal Management services at more than 900 locations including multiple cities, districts and remote locations in India. With more than 100,000 customers onboard, Legalkart also facilitates legal professionals to practice and give legal advice through its Legal Practice Management Lawyers App.