India and Bangladesh Angel Networks Are Teaming Up
ecently, India and Bangladesh Angel networks are teaming up to generate opportunities in venture capital investment. This team-up is bound to open up new ventures and investment possibilities for entrepreneurs from both countries.
Angel investors are the primary investors during the early stages of any startup business. It’s a critical stage that may decide on the future of the company. Therefore, angel networks are very important and much needed for young entrepreneurs. Especially, during the pandemic, there has been a rise in entrepreneurial startups which calls for a massive amount of venture capital investment.
India and Bangladesh Angel Networks Are Teaming Up
IAN (Indian Angel Network) and BAN (Bangladesh Angels Network) aim to work as partners to crowdsource and promote links in fintech startup businesses in both countries. The objective is to enable a venture investment enabling environment in favour of the neighbouring countries.
Both IAN and BAN are major angel investment platforms of the countries. They have announced the partnership on November 9th, 2020.
The companies are planning to pull together venture investment opportunities, where both regions hold mutual interest. They are going to arrange digital joint-showcases of entrepreneurial startup businesses; advertise joint investments, and share knowledge among both communities.
Angel Networks of the Partnership
The largest angel investment network of India is the Indian Angel Network (IAN). The firm is based in the capital of India- New Delhi. Bangladesh Angels Network (BAN) is the first-ever angel investment network firm in Bangladesh.
Angel networks are primary investment firms that provide seed money to startup businesses they find potential in. These angel networks are generally made of similar-minded individuals with capital to invest as venture capitals.
Overview of the Partnership
The startup bridge is going to open up a lot of possibilities between the two neighbouring countries. This is a huge inspiration for budding entrepreneurs from both regions. The endless possibilities of youth leadership and innovation through venture investment have opened its door for the entrepreneurs of both regions.
Padmaja Ruparel, the Co-Founder of Indian Angel Network has said,
“We are delighted to partner with BAN to launch the ‘Startup Bridge’ between India and Bangladesh and reflect the growing interest in angel investing across the Sub Continent. The ‘Bridge’ will hopefully bring the startup ecosystems of the two countries much closer. It promises to enable entrepreneurs to access much larger markets, talent pools, funds & provide Angel investors many more investment opportunities and bring innovative solutions to corporates.”
Nirjhor Rahman, the CEO of Bangladesh Angels has said,
“This is one more step in bringing the Bangladesh ecosystem in line with other more developed ecosystems and best practices from such jurisdictions,”
The fact that Indian and Bangladeshi Angel Networks are teaming up is bound to bring in other investors from more firms and foreign countries. This is going to open up great possibilities between the regions and promote joint investment venture opportunities.
Saiyara Mahjabin Adrita
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