Why Ecommerce Giants Like Kunal Bahl, Sachin Bansal Are Backing Entrepreneurs As “Super Angel”
Saras Agarwal's main agenda at a networking event early this year was to meet Zishaan Hayath, cofounder and chief executive of education technology startup Toppr. The associate vice-president at VenturEast, among India's oldest venture capital firms, wasn't looking to invest in Toppr but discuss startups Hayath had put his money into.
"It was a general meet-up from the point of view of deal flow to understand what kind of startups (Hayath) is interested in," Agarwal said. Hayath represents a widening pool of so-called super angels — reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses, having been among the earliest to bet on consumer Internet companies such as Ola, Housing, TinyOwl, Grofers and Delhi...