Bengaluru formally known as Bangalore is a popular location for both startups to launch in, but also as an area for general business development and angel investment. For entrepreneurs from Bengaluru looking to fund small businesses, getting the initial funding to kick off can be difficult. Many a good idea fail to become established simply because of lack of funding. The good news is that for the right business idea there are plenty of individuals willing to invest in new startups.
Angel Investors are wealthy individuals who look for new businesses to invest in. The way angel investing works is that the investor will take a percentage of the equity of the business in return for funding. For many a new business that is struggling to find any funding at all, this can be a great way to generate enough cash flow to get a business off the ground or to keep it running when finances get tight.
Business angels are not only valuable for their financial contributions, but they can offer their expertise in the industry, can have a great list of contacts that can aid the business, and also, in some cases, offer mentorship and support for young entrepreneurs. This is depending on the investor in question and revolves around how much involvement they want in your business
Some active angel investors like to have a hands on role, whilst others, prefer to just provide finance. So understanding what sort of investor you want for your business and whether you need any mentoring may be helpful.
Indian entrepreneurs looking for investors for their business will also need to put together a comprehensive business plan to help attract investment. For the serial entrepreneur this is something that they will have done many times before. However, for the brand new entrepreneur this may be the first business plan that they have put together. Ultimately, the goal of the business plan is to explain to investors what the business is, how it will operate and what the income and outgoings will likely be. When it comes to the startup ecosystem many business fail and angel investors accept that there is an element of that risk.
If you’re an entrepreneur in India looking for an angel investor to help with early stage business fundraising for your startup you may find that it is easier if your business is based in Koramangala which is in south east Bengaluru. This region is often likened to a mini Silicon Valley due to the number of tech startups found here. This area is popular with young professionals for both living in and entrepreneurship and you will find a wide range of startups based in this area with tech businesses and IT services being one of the key sectors that attract entrepreneurs and angel investors alike.
The Angel Investment Network bridges the gap between business angels and entrepreneurs with a network of angel investment sites in over 30 countries. Members can get in touch with business angels who are looking to connect with Indian entrepreneurs in a wide range of industries such as ecommerce, healthcare, fintech, IT and more, across Mumbai, Delhi and Bengaluru. If you’re an entrepreneur based in Bengaluru and Karnataka or anywhere else in the world, then you can search the Angel Investment Network to find business angels looking to invest their money in projects, start-ups and established businesses.
AIN helps investors and entrepreneurs build lasting and profitable relationships to build better businesses and brighter futures.