Mumbai Angels was founded in November 2006 by Sasha Mirchandani and Prashant Choksey with a mission to “invest in and build great companies”.
Through a network of 250+ members across 3 chapters Mumbai, Delhi & Bangalore, Mumbai Angels enables investment, mentorship and relationships – to help early stage startups grow into healthy businesses. Well known angels include Rajiv Dadlani (Appsdaily, Instahealth etc.), Dr. Aniruddha Malpani (Allizhealth, Avaz etc.), Anand Jhaveri (InMobi, Apalya, etc.) and Ajeet Khurana (Rolocule Games, ShepHertz, Avaz, Carveniche Technologies, Maximojo etc.)
Mumbai Angel’s portfolio has over 70 companies and includes InMobi, MobStac, Appsdaily and Instahealth. Typical investments are in the range of 200,000 – 500,000 $ and involvement is from 3-5 years.
Medalliance, Bridges the digital divide between manufacturers and offline retailers