Goa is becoming a hub of active angel investors. It has been exactly one year since the launch of Goa Angels Network in 2018, the investment platform for local startups. Presently Goa Angels are actively investing in start-ups within the state and from across the country.
In the last few months since launch, over 15 startups have pitched to investors from the network. Some of the active members in the network include Shrinivas V Dempo, Vijay Hede, Carlos Sousa, Swati Shivanand Salgaocar, Dean Menezes and Manoj Caculo. Between them they have invested in several marquee start-ups such as Adonmo, a mobile advertising startup, Dr Sheth’s, a skin care brand by celebrity dermatologist, Leadstart, a publishing house and Nutrisattva, F&B startup offering protein based food.
Goan angel investors are playing a key role in helping startups based in the state come on the national radar by not just putting in money, but also sharing their valuable experience and network.
The Goa Angels Network is powered by Mumbai Angels Network (MA Network), India’s premier platform focused on new venture investing. The network is today over 400 members strong, across seven chapters in Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Pune and including Goa.
The network has built a strong investment framework through which it showcased 60-70 highly curated investment opportunities to member base, chosen from a funnel of 8000 companies that are reviewed every year. MA Network is now a 130 strong portfolio with 30 exits; several of whom were at multiples comparable with global benchmarks in new venture investing.