Chennai, on the Bay of Bengal in eastern India, is the capital of the state of Tamil Nadu. The city is home to Fort St. George, built in 1644 and now a museum showcasing the city’s roots as a British military garrison and East India Company trading outpost, when it was called Madras. Religious sites include Kapaleeshwarar Temple, adorned with carved and painted gods, and St. Mary’s, a 17th-century Anglican church.
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.
The capital of Tamil Nadu has seen a considerable rise in respect to the startup culture in the last couple of years. The Tamil Nadu government continues to aggressively promote the blossoming of a startup ecosystem in the state. Hence, the sudden increase in the number of startups in Chennai and Chennai becoming India’s fourth most active startup ecosystem needs no justification. Here are some of the top startups in Chennai.
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 Chennai 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.