Calcutta Angels Network(CAN) and Mumbai Angels Network(MAN) announced a partnership today where both Angel Networks will be working together as a single team to bring the best, curated deals to their member base, faster deal closures with their combined strength, standardized deal closure framework and active management of the investment portfolio.

“Our partnership with Mumbai Angels Network will ensure our members get access to the best-in-class startups from across the country. We are also looking forward to extending the full membership experience that being a part of a larger network offers, including investing best practices, learning sessions, active portfolio management and active pitching of our invested portfolio to the next level investors. We are excited to partner with MAN in this first of its kind partnership in the country” said Calcutta Angels Network.

“We are excited to partner with Calcutta Angels in Eastern India. With our nationwide reach of 4 chapters (Mumbai, Delhi, Bangalore and Pune) Mumbai Angels Network has the first access to the best start-ups in the country. With our innovative, process driven investing, we are able to steer the entire investment process smoothly right from curating deals, deal negotiations, deal documentations to actively managing the invested portfolio and working closely with the next level investors for exits. We are honoured to be associated with Calcutta Angels as a partner to bring the same rigour and innovation in angel investing to their member-base” Nandini Mansinghka, Chairperson, Mumbai Angels Network.

Mumbai Angels Network (www.mumbaiangels.com) is India’s leading angel investing & mentoring network with 250+ members across four active chapters - Mumbai, Pune, Delhi, and Bangalore. Their portfolio comprises of 90+ ventures across multiple sectors focused primarily on seed and early stage companies.

Calcutta Angels Network (www.calcutta-angels.com) started out in 2013 and prides itself for being the first angel investment network in eastern India. With a membership strength of 75 they have investments in 21 startups from across India. Their investments are stage and sector agnostic.

Five-years old CAN is relatively new comparing to Mumbai Angels and its recent prominent investment so far are -- LetsMD, a delhi based health-tech startup and Mumbai-based Purple Style Labs. Besides, it also funded two Kolkata-based enterprises. iKure Techsoft was the first startup from Kolkata to have got funds from CA. So far, Calcutta Angels has invested close to ₹10 crore across some 12-odd start-ups. The investments are in the range of ₹65-70 lakh.

Mumbai Angels was started in 2006 and is the first premium Angel network in India. Many members of Mumbai Angels have prior Silicon Valley experience.

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