Chennai : The Chennai Angels and Native Angels Network signed an agreement yesterday to co invest in start- ups across Tamil Nadu. Both angel networks will coordinate and plan common pitch sessions on a case-to-case basis. They intend to not only fund but also mutually support start-ups for select activities. The intention is to ensure that Tamil Nadu based start-ups get a wider reach to a larger number of investors that are relevant to their industries.
Mr K Chandran, CEO, The Chennai Angels said, “The coming together of two of the largest leading angel networks in Tamil Nadu is certainly a landmark initiative. This will benefit promising start-ups across the State gain access to a huge pool of elite mentors and capital for scaling up their early stages of growth. We look forward to a fruitful and rewarding partnership with the Native Angels Network.”
Mr R Sivarajah, Founder & CEO, Native Angels Network said, “We are mainly concentrating in investing in early-stage start-ups emerging from small towns of Tamil Nadu. The association with The Chennai Angels will enable us to explore newer horizons in investing. This partnership will strengthen the investment ecosystem in Tamil Nadu.”