SL Cuttak Angels￼
Cuttack is a city in the eastern Indian state of Odisha. It’s on a peninsula flanked by the Mahanadi River to the north and the Kathajodi River to the south. The ruins of moated Barabati Fort, once home to the Eastern Ganga dynasty, show the city’s medieval significance. Within the fort’s walls lies the Shahi Mosque, with its 3 white domes. Nearby, Maa Cuttack Chandi Temple is a pilgrimage site for Hindu devotees.
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.
Cuttack is a city in the eastern Indian state of Odisha. SL Cuttack Angels is the division of SL Angels that invests in Cuttack based Startups. Angel Investors from Cuttack 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 Cuttack 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.