AngelList, the Silicon Valley angel investment firm has launched its Syndicates for India, offering high net-worth investors (HNIs) to pool in with like-minded individuals and fund entrepreneurs with seed funding for their startups. It has Utsav Somani leading the India initiative.
AngelList has helped over 1,800 startups, which include online ride-hailing app Uber, raise more than $700 million through the Syndicates on the platform. These firms have raised over $6 billion in follow-on funding.
The Silicon Valley platform comes to India at a time when Angel funding in the country has seen a three-year low in 2017 as investors shied