Indian Angel Network (IAN) Join Hands with Bangladesh Angels Network (BAN) to Create Venture Investment Opportunities Between Neighboring Countries
- Partnership will support in creating a pipeline of investment opportunities in areas of mutual interest in both regions
- To host joint-showcases (digitally) of startups and promote co-investments and knowledge sharing in both angel communities.
New Delhi and Dhaka, November 9th, 2020: Indian Angel Network (IAN), the single largest angel investment platform in the country, today announced that it has joined hands with Bangladesh Angels Network (BAN), the pioneering angel investment network in Bangladesh. The aim is to work together to source, cross-refer, and promote linkages in technology-enabled startups in India and Bangladesh to create an enabling environment for venture investing in both ecosystems.
Together, the two partners will support in creating a pipeline of investment opportunities in areas of mutual interest in both regions, host joint-showcases (digitally) of startups and promote co-investments and knowledge sharing in both angel communities.
Speaking on the partnership, Padmaja Ruparel, Co-Founder, IAN said, “We are delighted to partner with BAN to launch the ‘Startup Bridge’ between India and Bangladesh and reflects 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 investing opportunities and bring innovative solutions to corporates.”
“From inception, BAN has enjoyed close links with the Indian ecosystem. We’ve looked at our mentor networks like IAN as our north star in terms of where this growing community and ecosystem can evolve into, and I’m really pleased to be able to crystallize that relationship into a formal collaboration. This is one more step in bringing the Bangladesh ecosystem in line with other more developed ecosystems and best practices from such jurisdictions,” said Nirjhor Rahman, CEO of Bangladesh Angels.
About Indian Angel Network
Indian Angel Network is India’s first and world’s largest business angel network with close to 500 members across the world, comprising the who’s who of successful entrepreneurs and dynamic CEOs. With investors from 12 countries, IAN’s presence spans 7 locations, which includes cities in India and the UK. The network is sector agnostic and has funded start-ups across 17 sectors in India and 7 other countries, helping companies to build a global footprint. With an enviable track record, IAN has been giving excellent cash exits year-on-year to its investors. Some of its marquee investee companies include Druva, Box8, Sapience Analytics, WOW Momos, Fareye, Webengage, amongst many others.
About Bangladesh Angels Network
Launched in 2018 with support from local and international stakeholders, Bangladesh Angels Network is the nation’s first angel investment network created with a mission to nurture the innovation and entrepreneurship ecosystem in Bangladesh. We help startups and rising enterprises accelerate their growth through customized pre-investment support, connections to local and global investors as well as mentorship and market development. Investors get access to a highly curated deal-flow across sectors, invest alongside industry leaders and post-investment portfolio monitoring. Prospective angel investors and entrepreneurs can go online to sign up for the network or apply for funding via www.bdangels.co.
