Indian investors take to crowd funding
Crowd-funding has increasingly made inroads into India.
Online exchange Exhilway Private Capital Market has established contacts with around 1,900 investors while Mumbai Angels has members investing in 40 companies with six exits and follow-up rounds in 12 companies.
EPCM and Mumbai Angels are the two major platforms currently in existence in India, helping smaller unlisted companies raise funds through a wider participation of investors in equity.
Launched in April this year, EPCM has established contacts with around 1,900 investors, mostly HNIs and corporates, who are willing to invest at least Rs 5 crore each in emerging companies with a preference forsectors like e-commerce, information technology, electronics and agro.
With a strength of 150 investors currently, Mumbai Angels has been in existence since 2006. Its members have invested in 40 companies with six exits and follow-up rounds in 12 companies. Deal sizes typically range from Rs 1 crore to Rs 3 crore.
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