Padmaja Ruparel is Co-founder, Indian Angel Network and Founding Partner, IAN Fund. The Indian startup eco-system has grown tremendously, and IAN has contributed heavily in that evolution.
Sramana Mitra: What is the size of the fund? Padmaja Ruparel: $70 million. The IAN platform represents a way of raising money from $30,000 to almost $7 million. All they need to do is to keep performing and growing the company and money will be available. I think that this is the new gap that
Sramana Mitra: Sapience was our portfolio company as well. What about the more recent ones? What have you invested in the last couple of years? Padmaja Ruparel: There is LogiNext which is in the logistics space partnered with Sapience. If you look at FarEye, they are tracking logistics. This is a completely real-time tracking system.
Sramana Mitra: Let’s talk a little bit about geography as it pertains to IT and IT-enabled services. That includes healthcare IT. Our audiences are focused on IT-enabled services. One core algorithm that we have picked up from the way Indian investors are operating by working with them is that they like all the SaaS, cloud,
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Padmaja Ruparel was recorded in December 2017. Padmaja Ruparel is Co-founder, Indian Angel Network (IAN), and Founding Partner, IAN Fund. She has been a key player in shaping India’s still somewhat nascent startup eco-system.
By guest authors Irina Patterson and Candice Arnold Irina: And how is your network organized? Padmaja: We were very entrepreneurial in how we started. I don’t think there was much thinking at that time. We didn’t realize it would be so big, to be honest. So, we just started with a private, limited company which
By guest authors Irina Patterson and Candice Arnold Irina: If you could give one piece advice to angels about how to become more successful, what would your advice be? Padmaja: That’s a tall order. I must first say this with a bit of a rider. Angel investing in India is very young. It’s not as
By guest authors Irina Patterson and Candice Arnold Padmaja: As another example, there is an entrepreneur who’s doing 46% net profit, and we give him honest feedback: Don’t share equity. You don’t need to. He needs working capital, so we told him we put you on to people who give debt. Maybe that’s a cheaper way