Today, we are announcing Syndicates for India, a new way for investors in India to invest alongside experienced angels and VC funds that invest in India’s vibrant tech ecosystem.
Syndicates are a private single-deal investment vehicles that let you invest in startup allocations shared by syndicate leads, enabling more angels to participate by getting access to top deals. Similar to a VC fund, syndicates provide experienced investors the opportunity to earn carried interest on their allocation, and the ability to write bigger checks by pooling capital from dozens of backers in the ecosystem. Learn more about the benefits for leads.
To date, over 1,800 startups have raised more than $700M through Syndicates on the AngelList platform, receiving more than $6B in follow-on funding. AngelList was connecting startups with investors as early as 2010 and launched online syndicates in 2013. Here’s what one of the first opportunities looked like:
Since the Syndicates launch in 2013, the product has been refined to benefit a broad range of investors, as well as startups in their fundraising. The launch of Syndicates for India broadens the range of investors startups can raise from in the ecosystem.
Traditionally, an angel investor with conviction may write a single ₹10L cheque to a startup. With syndicates, that same investor can lead a syndicate and pool more capital from dozens of value-add backers who can help the company — all while having only one name added to the cap table. Learn more about the benefits to founders.
Launching in India
As part of this launch, we’ve gathered the support of experienced entrepreneurs and investors in India like Kunal Shah, Ash Lilani and others. Approved backers will get access to syndicates from great investors like Sandeep Tandon, Shalini Prakash, K-Start and others.
In the past, AngelList has supported investments into Indian startups like ClearTax, DocTalk and Squad, and with this launch, we’re excited to enable more Indian startups to get funded, and for more investors in the ecosystem to get access to deals.