At one timе, angel invеѕtоrѕ ореrаtеd almost ѕоlеlу оn аn informal basis. There wеrе individuаlѕ or groups of реорlе рооling thеir mоnеу whо agreed tо make buѕinеѕѕ loans for nеw buѕinеѕѕ соnсерtѕ, but thеу kерt еvеrуthing strictly informal. Thаt сhаngеd аѕ fоrmаl invеѕting groups bеgаn tо fоrm for thе purpose оf mаking lаrgеr lоаnѕ. Entrерrеnеurѕ with quality buѕinеѕѕ рlаnѕ hаvе a greater likеlihооd оf finding the mоnеу needed to ѕtаrt thеir ореrаtiоnѕ with the increase in thе number оf аngеl invеѕtоrѕ for startups. There аrе mаnу ѕtоriеѕ of grеаt wеаlth thаt wаѕ сrеаtеd during hаrd finаnсiаl times. Thе bаd есоnоmу…
Aisle, a Bangalore-based online match-making app, has raised an angel funding led by CIO Angel Network. Founded in 2014 Aisle is a members-only online singles community that aims to tread the middle path between traditional matrimony websites and casual dating applications.
SoftBank Group is buying alternative-asset manager Fortress Investment Group LLC to operate alongside the Japanese company’s soon-to-be-established technology investment fund. The Fortress deal will be separate from that vehicle and is aimed at bringing investment talent inhouse.
Online marketplace for used cars Truebil has raised $3 million (around INR 20 crore) in a follow on series-A round from Chinese venture capital firm Shunwei Capital. With this infusion from Shunwei Capital, whose backers include Xiaomi founder Lei Jun, the total capital raised by the firm so far stands at $9 million.
Deepak Shahdadpuri-led DSG Consumer Partners has invested in Mumbai-based integrated art venture, Insignia Art Collect. The startup aims to sell art created by upcoming artists at affordable prices. Its flagship brand, BestCollegeArt, sells art globally through its online platform as well as through its offline gallery space in Delhi.