Indian Angel Network is a network of Angel investors keen to invest in early stage businesses which have potential to create disproportionate value. The members of the Network are leaders in the Entrepreneurial Eco-System as they have had strong operational experience as CEOs or a background of creating new and successful ventures. They share a passion to create scale and value for startup ventures.Started in April 2006, the Indian Angel Network in addition to money, provides constant access to high quality mentoring, vast networks and inputs on strategy as well as execution. The Network members, because of their background are better able to assess the potential and risks at the early stage.
In a fresh event Chennai-based startup, SP Robotics Works, which provides robotic education to school and college students, has raised $300K in a funding round by Indian Angel Network (IAN). Nagaraja Prakasam has led this round on behalf of IAN and will also join the board of company. This round has been co-led by The Chennai Angels (TCA). SP Robotics is a skill development company focused on robotic based training to school and college students. The startup currently offer two programs – Kidobotikz and Rovateclabs. They also provide internships, social real-time projects, industrial visits and graduation in their field of excellence at the end of the course.
The fundings will be used primarily to set up more knowledge centres and start video tutorials on its portal.