Fund News
AngelList rethinks India play as new norms impact investing strategy
San Francisco, USA-headquartered AngelList , founded by Silicon Valley entrepreneurs Naval Ravikant and Babak Nivi, is reassessing its India strategy as the country implements fresh regulations that could change how individual investors participate in early-stage angel deals. The firm can now raise capital only from accredited investors.AngelList India manages USD 265 million of assets and has backed more than 800 startups. The platform has returned over a quarter of all invested capital to its investors in its syndicate.Earlier this year, the capital markets regulator Sebi mandated angel funds to increase minimum cheque sizes from INR 10 lakh to INR 25 lakh per company. It also refined eligibility norms for investors. At the same time, talks have been underway on how syndicates and special purpose vehicles (SVPs) should operate and what level of information should be disclosed to investors.
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