InnerWave Ventures, an elite community of early-stage Angel Investors managed by the Corporate advisory firm plans to invest $3million in 18-20 startups in next 3 years. Additionally, the advisory team of InnerWave will also help in additional rounds including investments from VCs.
The firm consists of a group of 32 angel investors from corporates like Adobe, Microsoft, JP Morgan and others who are looking to invest in pre-screened startups and bring them to the next level of growth.
“A lot of the angels have built up their own businesses and maybe sold them or are in a semi-retired stage and they want to pass on the knowledge that they’ve picked up to entrepreneurs who maybe need a little coaching and guidance,” Varun Dhingra, Co-founder, InnerWave Ventures.
Founded by Varun Dhingra and Jatin Tehri, InnerWave Ventures aims to find hidden gems from the startup ecosystem. Varun serves as an advisor on early stage equity investments in Indian companies across a wide range of sectors while Jatin’s specialty is deal structuring. InnerWave is a Corporate Advisory firm with expertise in Fundraising (Startup & Growth Stage), Mergers & Acquisitions, Valuation, Financial Restructuring & Recapitalization and Strategic Consulting. The purpose of InnerWave Ventures is Wealth Generation by investing in hidden gems after performing a 3-stage screening process.
“The angels will make investment decisions based on the quality of the business proposal. The investment can come from a single angel or a group and it can range from anywhere from Rs.1 Crore to Rs. 1.5 Crore,” added Jatin Tehri, CO-founder, InnerWave.
Apart from the early-stage financing, InnerWave Ventures also facilitate new business connections that help start-ups to grow and offer insights based on deep knowledge of the industry.