Hyderabad Angels aims to exit couple of startups this year
Hyderabad Angels is looking to seal a couple of exit deals this year after selling its stake in ed-tech firm Edutor with four-fold returns last year, the angel network said.
"We hope to continue this momentum in the coming year as we have built a strong pipeline of companies at various stages of investment," Daggubati Suresh Babu, vice chairman at Hyderabad Angels, said in a statement.
The angel network said it committed around Rs 15 crore in 12 startups in 2015-16. It invested in startups working in areas such as artificial intelligence, augmented reality/virtual reality, data and analytics, Internet of Things, financial technology, education technology, health technology, logistics technology, and enterprise software-as-a-service, the statement said.
While two investments were follow-on rounds in existing portfolio companies, the remaining were new additions to the portfolio, said PS Sreekanth, investment director at Hyderabad Angels.
Sreekanth separately told VCCircle the network's most recent investment was in a food-tech startup. He didn't reveal the name of the startup as the company has yet to go public with the fundraising news.
Overall, the angel network has invested Rs 30 crore in about 20 startups including NowFloats, Betaout, Explara, Indian Money, Thrillophilia, Spareshub and Evibe.
The angel network has about 100 investors from India, the US, Japan and Singapore. It expects to add 50 more investors by the end of this year. It invests up to $1 million in pre-Series A rounds and up to $150,000 in seed rounds.
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