SL Bhubaneshwar Angels￼
Bhubaneswar is an ancient city in India’s eastern state of Odisha, formerly Orissa. Many temples built from sandstone are dotted around Bindu Sagar Lake in the old city, including the 11th-century Hindu Lingaraja Temple. Outside Rajarani Temple are sculpted figures of the guardians of the 8 cardinal and ordinal directions. Jain antiques, weaponry and indigenous pattachitra paintings fill the Odisha State Museum.
An SL angel investor is an individual who provides capital for a business start-up, in exchange for convertible debt or ownership equity. The capital provided by Angel Investors may be a one-time investment, or it may fund money during the initial stage to support and carry the company through its early stages.
SL Bhubaneshwar Angels is the division of SL Angels that invests in Bhubaneshwar based Startups. Angel Investors from Bhubaneshwar and nearby regions meet regularly in different chapters for Angel Investors to collaborate, discuss, co-invest and mentor the startups.
SL Angel Investors are wealthy individuals who look for new businesses to invest in. The way angel investing works is that the investor will take a percentage of the equity of the business in return for funding. For many a new business that is struggling to find any funding at all, this can be a great way to generate enough cash flow to get a business off the ground or to keep it running when finances get tight.
The members of the Network are leaders in the Entrepreneurial Eco-System with strong operational experience.SL Bhubaneshwar Angels Network provides feedback on the business plans, funding, mentoring, angels business and professional network, and incubator space.
Remember that ideas are for free but execution makes all the difference. Startups present their business proposals at their investor meetings held every month. Promising ideas where a significant number of members are interested will be shortlisted for the investment process. Typically they invest anywhere between Rs. 10 lacs to Rs. 2 crores depending upon the stage of the company.
With the wave of the startup ecosystem picking up rapidly across the globe, being an SL angel network in India, we are doing our bit with bespoke mentoring and handholding to the Startups wherever and whenever required.