AngelList, the world’s largest marketplace for startup funding and recruiting is entering into India. With this entry, AngelList will help and support Indian startups in initial funding and networking.
AngelList pioneered the concept of “syndicate” – pool of investors joining together to invest in a startup. Founded by Indian-born Naval Ravikant, AngelList appoints Utsav Somani as a Advisor.
My role will consist of opening dialogue with government officials and regulators with suggestions that’ll benefit startups and investors in India. I’ll map out the Indian regulatory framework so AngelList can come in with their pop-up VC structure that enables venture investing online at scale, said Utsav Somani.
Utsav also added- I am excited to be coached by Silicon Valley’s sharpest minds in venture investing and leverage their decades of know-how to advance the startup ecosystem in India. Also, this marks a chance for global investors to participate in India’s most promising opportunities.
- $360 million raised online for over 1000 startups
- CSC Upshot = $400m seed fund powered on AngelList (largest seed fund in the world)
- 170 active syndicates
- 16,000 companies recruiting
- 40,000 new candidates added each month
- Over 10,000 hires to date
AngelList currently has 656 accredited investors based in India, and a further 5,951 who are interested, technology portal TechCrunch said, which reported the development first.