Now, ‘Mangaluru Angels’ to help start-ups

AJ Vinayak Mangaluru | Updated on January 23, 2018 Published on August 20, 2015

To boost start-up ecosystem in Mangaluru, a group of four persons has come forward to become angel investors to start-ups.

Mangaluru Angels LLP, which has four designated partners, is scouting for ideas to create start-ups from the region.

In an informal chat with BusinessLine on the sidelines of a programme here, Sandeep S Shenoy, designated partner in Mangaluru Angels, said they will focus on start-ups from Dakshina Kannada and Udupi districts.

The idea is to create ecosystem to bring down the risk aversion among the start-up entrepreneurs. He said Mangaluru Angels already received around 16 business plans both from old and new economies.

They had received ideas related to e-commerce and apps in the new economy, supply chain management in old economy, and those related to electronic consumer products.

Mangaluru Angels is yet to take a decision on the ideas received. However, Shenoy said the angles will hand hold if the ideas are good.

Other designated partners in Mangaluru Angels are: Subhash Baliga, Atul Kudva, and Vilas Nayak. All the four partners in Mangaluru Angels have a collective experience of 50 man-years in fields such as equity market, venture capital funding, enterprise formation and old economy.

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Published on August 20, 2015
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