Indian Angel Network launches UK chapter

Our Bureau Mumbai | Updated on February 27, 2014

With a view to help its investee companies scale globally Indian Angel Network has launched its international operations from London. IAN already has over 250 members spread around 10 countries.

IAN would also be investing in a UK based start-up Swiftshift, providing a SAAS based solution which allows companies to quickly fill short notice shifts using their own staff through SMS, email and mobile technology, thereby creating a regional employee bank allowing workers to accept shifts across multiple locations. 

Saurabh Srivastava, co-founder of IAN said: “UK is amongst the world’s top 10 ecosystems for start-ups and home to some of the finest R&D in the world. This initiative will allow IAN to invest in world class, innovative UK start-ups and help them scale globally by leveraging IAN’s domain expertise and world wide networks. Equally, it will enable IAN’s investee companies in India to leverage UK as a hub for accessing European and American markets.”

“A large number of UK residents are also joining IAN, looking forward to invest in geographies outside of the UK such as India. For Indian investors this will add Intellectual Property product related ventures in their portfolio. This cross border investing will help hedge investment risks for investors from each country,” added IAN President Padmaja Ruparel.

Apart from financial investments in start-ups and early stage ventures, IAN provides strategic mentoring, guidance execution for nurturing start-ups across geographies including India, Sri Lanka, UK, US, Canada, France and Hong Kong.

Published on February 27, 2014

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