SL Kakinada Angels￼
Kakinada is known for its sweet called kaja which became a famous recipe in South India known as Kakinada Kaja. Apart from this, it is also known for food. The city is popular for “Subbayya Gari Hotel” known across the country for its authentic Vegetarian meals. The city is also home to a snack called Bajji which is famous throughout the state. Along with these it is mostly known for its town planning, one of the most greatly well planned towns in the entire country. The Indian Standard Time (IST) exactly passes through this city in the southern part of India. Hope Island, which lies just off the city’s coast, naturally acts as a barrier and protects the city from cyclones and tsunami effects which also serves as a tourist spot.
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.
Kakinada is the sixth largest city of the Indian state of Andhra Pradesh and serves as the district headquarters of the Kakinada District. SL Kakinada Angels is the division of SL Angels that invests in Kakinada based Startups. Angel Investors from Kakinada 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 Kakinada 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.