Coimbatore is a city in the south Indian state of Tamil Nadu. To the northwest is the centuries-old, Dravidian-style Arulmigu Subramaniyaswami Temple, Marudamalai. The colorful and intricately carved Arulmigu Patteeswarar Swamy Temple lies southeast of here. In the center, the Gass Forest Museum has a huge collection of preserved animals and tree trunks. Southeast, birds and butterflies inhabit Singanallur Lake.
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 small city of Coimbatore in Tamil Nadu is, however, setting up its own start-up ecosystem with accelerators and mentors. In this article, we attempt to list some of the top startup companies in Coimbatore. SL Coimbatore Angels is the division of SL Angels that invests in Coimbatore based Startups. Angel Investors from Coimbatore 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 Coimbatore 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.