An Angel Investor, also known as a business angel, is a wealthy individual who wishes and provides capital for business startups generally in an exchange for owners’ equity or convertible debt. They invest their wealth into the startup companies as capital in exchange for the company’s equity share agreed.
An Overview of Chennai Startup Ecosystem
Four angles to perceive Chennai Angel Investors
- They help boost Startup Business.
- They provide reliable financial support.
- They provide proficient guidance for business from experience.
- Encourage individuals to come up with innovative ideas.
While Bengaluru is emerging as the startup capital and Mumbai is emerging as the Angel Investor Hub and Chennai has emerged as India’s fourth most active startup ecosystem.
Chennai Startup Ecosystem
It was in 2019 that The Tamil Nadu Government initiated Startup and Innovation policy.
This policy began with an intention to produce 100k high-skilled employment by 2023 in the startup ecosystem. As per the studies, Tamil Nadu is the leading state when it comes to factories and industry workers, due to its rich automobiles and auto components manufacturing base. It’s a startup hub, an ecosystem of entrepreneurs focused on sustainability and accounts SaaS unicorns.
Statistics and Growth
Companies across Cities in India are striving to create their successful history driven by the internet. According to research, India stands second tall under startups established worldwide. Among the cities of India, Chennai is way behind in ranking for startups but is likely to increase. To some extent, Pandemic did impact the startups in India and had a downfall by 70%. Despite pandemics, the Tech companies have boomed and transformed the crisis into opportunities to thrive in the Startup world.
Here is where Hyderabad Angels come in to play a significant role to guide startup owners to pitch their idea and escalate business. Its outreach is not just confined to Hyderabad but also expanding its reach to other parts of the country.
What makes Chennai so special?
Chennai is gradually becoming a hub of emerging Startups due to the IT-enabled automobile services. The Capital City of Tamil Nadu Chennai is best known as ‘The Detroit of India’. It has nestled almost 1/3rd of India’s automobile industry. True to its nature the nickname is believed to derive from the Detroit city of US which is nicknamed as ‘Motor City’ a smart model for the automotive industry. Chennai is the 31st largest metropolitan City in the World and the 4th largest city in India. This smart city is the largest electronic hardware exporter in India.
In recent years Chennai has witnessed immense growth in healthcare, education possibilities, career opportunities, and quality of life. The emerging IT/ITeS and automobile technologies are the major driving forces for the generation settling with the rising residential developments in the southern and western suburbs. Hence, the future of IT-enabled, and financial services is full-fledged dependent on this population. Geographical-wise the region is a compliment.
The major factors that influence the growth and development of business include–region, population, research, innovative ideas, execution, leadership, marketing strategies, etc. The extended roads and Infrastructure have improved the connectivity and accessibility within and across the city bringing in startup entrepreneurs and Investors to anchor business.
Scope for investors and startup owners to bridge extending network across Chennai
The Hyderabad Angels consist of a well-built network of 120 plus investors who are leading entrepreneurs and Venture Capitalists, keen to invest in startups having the potential to create value. It plays a major bridge between an investor and a startup owner. It provides two ways of membership to investors as an Institution and individual membership. Through mentoring and handholding startups at the initial stage of business is the important basic need we extend. We also collaborate with other Angel networks, incubators, accelerators, and institutes to share knowledge. With financial and business acumen, our investors provide valuable support to the Indian and global startup ecosystem.
As “Ideas are easy but implementation is challenging!” The ground for business is free to explore and always welcoming for newer concepts that aspire to be sustainable and rewarding.
Hyderabad Angels are one of the top-notch Angel Networks in India and as of now, it has processed investments successfully in multiple sectors such as Reg Tech, Automotive, Cleantech, Consumer, Deep Tech, Devices-Electronics, Digital Tech, Edu Tech, Food & Beverages, FinTech, Enterprise SaaS, Health Tech, Logistics, Marketplace, Media-Tech, 3D Printers, Social Impact and Travel Tech.
So, if you have business ideas to start, in sectors of IT, ITES, Automobile, Banking, Shipping, Cargo, Public Transport facility then Chennai Hub welcomes you and Hyderabad Angels extend its wings of support. For any queries, please feel free to contact us @ 040 – 4048 4444 and email us at info@hyderabadangels.in
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