Angel funding is very recent in India. With no more than 7-8 years old, angel groups are increasing and we still need more of them to see Indian startups rise.
Saurabh Srivastsva, founder of India’s largest angel network, India Angel Network with more than 350 members, he believes that the growth of angel investment in India has been slow. However, he also believes that like Silicon Valley, angel investors will find their way to Indian startup, with the help of media and right promotion.
Srivastava understands that respect for entrepreneurship is very nascent in India and it is only now that successful entrepreneurs are being celebrated. He says, “Today people who failed are being valued. I would any day invest in a failed entrepreneur before investing in a successful entrepreneur. That’s beginning to happen. The whole ecosystem of investment, angels, VCs, is beginning to happen. So if I’m working in a company and know that I have a great idea, I know I will be supported.”