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New Trend: Young Technology Veterans Funding Newbie IT Startups

There is an emerging class of new IT professionals donning the angel investor hat in India. In this list the big names are Rajan Anandan, MD of Google India; Deep Kalra, CEO of Makemytrip; Vishal Gondal, CEO of Indiagames; and Raman Roy, CMD of Quattro BPO Solutions.

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Even relatively younger entrepreneurs, like InMobi founder Naveen Tiwari, who recently invested in e-commerce logistics enabler Chottu.in, are seeding startups.

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Quattro BPO

At the initial stage, most of the companies have ideas or business models in their minds, but there is no any regular inflow or client base. Though most of the professionals like to invest in the areas where they have knowledge.

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Many startups are lacking expertise in financing, banking, marketing, etc. the size of investment in around Rs. 1-2 crore. The investors sometimes become the board members.

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Sunil Singh, MD of GlobalLogic, India has funded the startups in the Silicon Valley. He recently invested in the e-commerce site allschoolstuff.com


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