Hyd Angels to invest 6 cr in 5 startups

Hyderabad: Hyderabad Angels (HA), a leading group of angel investors from the city, on Monday announced fresh investments to a tune of Rs six crore in five different startups.

“In the first five months of this year 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 term sheets in the coming week,” said P S Sreekanth, Investment Director, Hyderabad Angles.

He further said that HA had invested Rs 15 crore across eleven startups in the last four years. “Our current portfolio of eleven 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,” he explained.

On the subject of HA’s criteria for investment, Sreekanth stated: “We are sector agnostic and typically invest in startups which have an asset light and scalable business model and those which have some revenue and customer traction. We invest between $250K - $1 million. On a selective basis, we also do seed investments”.

Though based out of Hyderabad, the angel investment network taps investment opportunities from all across India and has been working with other Angel Networks, early stage VCs, online syndication platforms, accelerators and incubators.

Daggubati Suresh Babu, Vice Chairman, HA, said: “HA’s portfolio companies are doing well which is evident from the fact that so far three of our portfolio companies have successfully raised their next round of funding.

We expect that by end of this year, close to 50 per cent of our current portfolio companies would have raised their next round of funding”. At present, 65 investors form part of Hyderabad Angels. They are leading venture capitalists, entrepreneurs and business leaders.