The Chennai Angels and Native Angels Network have signed an agreement to co-invest in startups across Tamil Nadu.
Both angel networks will coordinate and plan common pitch sessions on a case-to-case basis. They intend to not only fund but also mutually support startups for select activities.
The intention is to ensure that Tamil Nadu based startups get a wider reach to a larger number of investors that are relevant to their industries.
The Chennai Angels CEO K Chandran said, “The coming together of two of the largest leading angel networks in Tamil Nadu is certainly a landmark initiative. This will benefit promising startups across the State gain access to a huge pool of elite mentors and capital for scaling up their early stages of growth.”
Native Angels Network Founder & CEO R Sivarajah said, “We are mainly concentrating in investing in early-stage startups emerging from small towns of Tamil Nadu. The association with The Chennai Angels will enable us to explore newer horizons in investing. This partnership will strengthen the investment ecosystem in Tamil Nadu.”