Top 10 Angel Networks Powering India’s Startup Boom
Angel networks have become the backbone of India’s thriving startup ecosystem, bridging the gap between fledgling entrepreneurs and institutional venture capital. From sector-agnostic platforms with thousands of members to regionally focused collectives nurturing local innovation, angel networks are playing a decisive role in funding early-stage ventures.
Here’s a look at the Top 10 Angel Networks in India, ranked by their activity, number of deals, and impact on the ecosystem:
Also Read: Why Every Startup and Growing Business Needs a Virtual CFO And Why IntellexCFO Is Your Best Partner
1. Indian Angel Network (IAN)
Founded in 2006, IAN is India’s largest and oldest angel network, boasting over 500 investors across 11 countries. It has backed more than 200 startups across diverse sectors, from fintech to cleantech. IAN recently expanded into institutional capital through its IAN Alpha Fund, bridging early-stage cheques with growth capital.
Investment Thesis: Sector-agnostic, focusing on scalable businesses with strong founding teams.
2. Mumbai Angels (MA)
With over 1,500 angel investors, Mumbai Angels is one of the most prominent players in India’s early-stage funding market. It has invested in 200+ startups and facilitated several successful exits, including InMobi and Purplle.
Investment Thesis: Consumer, fintech, SaaS, and impact-driven startups.
3. Inflection Point Ventures (IPV)
Among the fastest-growing networks, IPV has already backed 200+ startups with cumulative investments of over ₹700 crore. It recently announced the launch of a $110 million international fund from GIFT City to support Indian startups globally.
Investment Thesis: Sector-agnostic with a tilt towards tech-enabled businesses. Known for pooling small cheques from professionals and HNIs to create large syndicates.
4. LetsVenture / LVX
LetsVenture pioneered digital-first syndication of angel deals in India, connecting thousands of registered investors with curated startups. Its premium platform LVX has made it a trusted destination for both angels and founders.
Investment Thesis: Early-stage tech ventures, SaaS, consumer brands, and cross-border opportunities.
5. The Chennai Angels (TCA)
A strong regional collective, The Chennai Angels has funded over 80 startups across consumer internet, SaaS, healthtech, and agritech. Known for providing not just money but deep mentorship, TCA is highly respected in South India’s entrepreneurial circles.
Investment Thesis: Founder-driven companies with scalable business models.
6. Hyderabad Angels (HA)
Founded in 2012, HA has a network of 120+ members and has invested in over 50 startups across India and abroad. Its extension, the Hyderabad Angel Fund (HAF), helps startups raise follow-on capital at Series A stage.
Investment Thesis: Tech-enabled businesses, especially in SaaS, healthcare, and enterprise solutions.
7. Venture Catalysts (VCats)
Positioned as an integrated incubator-investor platform, Venture Catalysts has become synonymous with early-stage investing. It has backed 200+ startups and often co-invests alongside angels and micro-VCs.
Investment Thesis: Idea-to-early-stage ventures in consumer, fintech, and mobility sectors.
8. Calcutta Angels Network (CAN)
Based in Kolkata, CAN supports startups in East India and has invested in 30+ startups. It often co-invests with national players, giving regional founders exposure to larger funding pools.
Investment Thesis: Consumer businesses, tech, and regional innovation.
9. Chandigarh Angels Network (Chandigarh Angels)
Focused on nurturing entrepreneurship in North India, Chandigarh Angels has emerged as a key regional player. It has funded 40+ startups, many of which have scaled to national recognition.
Investment Thesis: Innovative startups across sectors with a preference for local entrepreneurial talent.
10. Kerala Angel Network (KAN)
With Kerala’s booming IT and startup ecosystem, KAN has become a launchpad for entrepreneurs in the state. It collaborates with Kerala Startup Mission and other partners to fund early-stage ventures.
Investment Thesis: Tech-led businesses, SaaS, consumer internet, and healthtech.
Also Read: Empowering Startups & Businesses with StartupStreets.com
The Big Picture
Angel networks are no longer just cheque writers; they are mentors, connectors, and enablers. Their syndicate-driven model helps diversify risks while offering entrepreneurs access to seasoned professionals and global investors.
With institutional funds focusing more on growth-stage startups, angel networks are likely to remain the most crucial early-stage lifeline for India’s next wave of unicorns.
If you are looking to raise funds from Angel Investors or Angel Networks, you may connect on whatsapp on 98200-88394 or email to intellex@intellexconsulting.com
Team- Intellex Strategic Consulting Private Limited
Follow us on LinkedIn:
https://www.linkedin.com/company/intellexcfo-com/
https://www.linkedin.com/company/intellexconsulting
https://www.linkedin.com/company/venture-streets/
https://www.linkedin.com/company/growmoreloans-com/
www.startupstreets.com, www.growmoreloans.com, www.growmorefranchisees.com, www.intellexcfo.com
Also Read: Angel Investing in Bharat: The New Wave of Micro-Angels