Lead Angels, an angel network founded by a trio from IIT Bombay, has announced complimentary membership for select investors for one year, introducing affordable startup investing with like-minded people. This move will ensure objectivity, knowledge sharing, and better results. Lead Angels connects over 400 angel investors from diverse backgrounds to invest in more than 100 startups. The portfolio includes names like Shopkirana, Supr Daily, Godesi, PlanetSpark, SkyeAir, Dhruva Space, and Agrix, among others.
Lead Angels has established its reliability in the startup investment space, prioritizing due diligence and thorough vetting processes. The Lead Angels Investment Committee comprises seasoned professionals and industry veterans who evaluate, invest in, and subsequently support startups. Lead Angels is known for dropping deals despite receiving overwhelming investor interest, if their due diligence (both legal and financial) fails.
This will be the first time that a traditional investor-led Angel network like Lead Angels will offer its membership for free for one year, aligning with its mission to democratize angel investing and drive innovation to new heights. As we celebrate a decade of achievements, we are thrilled to offer this to empower a wider audience of active and knowledgeable investors and create a vibrant and inclusive ecosystem for startups. This move aligns with our mission to democratize angel investing and drive innovation to new heights, says Sushanto Mitra, CEO- Lead Angels.
Lead Angels has invested in over 30 startups with total commitments upwards of INR 80 crores since the launch of the SEBI approved Cat I Angel fund in Feb’ 2022. The strategic move of launching the fund has also helped the members get access to a digital way of investing in startups.
Lead Angels has a member base of accomplished entrepreneurs, seasoned professionals, and industry veterans who bring their extensive network, wisdom and knowledge to evaluate, invest in startups and support them. The Member base includes CEO, CTO, and CFO positions in global and Indian Fortune 50 companies.
I took the risk of joining Lead Angels as its first member in 2013, and the experience over the years has not only been educative but surprisingly profitable too. It’s nice to invest with like-minded people, says Ratish Nair, a media professional, and an IIM Calcutta pass out.
As Lead Angels looks to the future, it remains committed to providing a supportive ecosystem for startups, bridging the gap between investors and entrepreneurs. Due diligence, thorough vetting processes and knowledge-sharing have made Lead Angels the investor’s choice. It remains to see how their complimentary membership offer makes it more accessible to more investors.
