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SL Rourkela Angels

Rourkela is a planned city located in the northern district Sundargarh of Odisha, India. It is the third-largest Urban Agglomeration in Odisha after Bhubaneswar and Cuttack. It is situated about 328 kilometres (204 mi) west of state capital Bhubaneswar and is surrounded by a range of hills and encircled by the rivers Koel, Sankha, & Brahmani. The city is also popularly known as Ispat Nagar and Steel City of Odisha as well. One of the largest integrated steel plant set up with German collaboration Known as Rourkela Steel Plant, of Steel Authority of India Limited (SAIL). It also has one of the premier national level technical institute known as National Institutes of Technology (NIT Rourkela). Every year, on 3 March Rourkela Day has been celebrated.

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.

Rourkela is a planned city located in the northern part of Odisha, India. It is the third-largest Urban Agglomeration in Odisha. SL Rourkela Angels is the division of SL Angels that invests in Rourkela based Startups. Angel Investors from Rourkela 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 Rourkela 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.

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