Hyderabad Angels plans to invest Rs 6 crore in five start-ups

Hyderabad Angels (HA), one of the largest angel investors in the country, announced today fresh investments to the tune of Rs 6 crore in five different start-ups. Currently, 65 investors form part of Hyderabad Angels. Since its inception, HA network of investors has seen a consistent growth of 20 percent y-o-y as stated by Pradeep Mittal, Chairman, Hyderabad Angels. “We expect this growth to double during this year with more than 40 percent of investors committing multiple investments.” [caption id=“attachment_2125433” align=“alignleft” width=“380” class=" “] Representational image: Reuters[/caption] Detailing the investments so far and the deal pipeline, P S Sreekanth, Investment Director, said, “We have invested Rs 15 crore across 11 start-ups in the last four years. Our current portfolio of 11 companies is a fair mix of B2B and B2C businesses and covers a range of industry verticals. Some of our portfolio companies include GIBSS, Thrillophilia, Online Prasad, NowFloats, etc. In the first five months of this year (Jan till May), we have Rs 6 crore of investments in the pipeline as we have already issued term sheets to three companies and are in the process of issuing two more in the coming week.” “HA’s portfolio companies have successfully raised their next round of funding. We expect that by end of this year, close to 50 percent of our current portfolio companies would have raised their next round of funding,” Daggubati Suresh Babu, Vice Chairman Hyderabad Angles (HA), added. Speaking about HA’s path for accelerating ‘Start-up’ growth both in Hyderabad and in India, Sreekanth informed, “Although based out of Hyderabad, we source investment opportunities from all over India and work closely with other angel networks, early stage VCs, online syndication platforms, accelerators and incubators.” On the subject of HA’s criteria for investment, he said that they are sector agnostic and typically invest in start-ups which have an asset light and scalable business model and those which have some revenue and customer traction. “We invest between $250k to $one million. On a selective basis, we also do seed investments.” Sreekanth informed that HA is currently working on its first exit.