Sarthi Group, a financial Solution company launched Sarthi Angel Venture Foundation, a not-for-profit angel platform for funding the startups, ET states.
The platform will be focusing on six sectors including agriculture and food processing, consumer, cleantech, e-commerce and information technology, healthcare and media.
The investment size can be up to $2 Mn and it can be done at any stage in the life cycle of the company, including when it is only an idea.
Mumbai-based Sarthi Angels is a group of high net worth Angels, corporate, PEs/VCs/Seed Funds, who share a passion for nurturing and investing in early stage businesses with solid business models and innovative ideas.
The company already has 100 angel investors registered with it. SAVF was targeting to close up to 6-7 deals of investments in first year and will also be working towards increasing the number of registered angels.
Sarthi Group was founded by Deepak Sharma and Anand Lakhotia in the year 2009. The Group provides a complete range of Customized Solutions to Individuals and Corporate under one roof offering best in the class services in various financial service domains. It already operates in investment banking, merchant banking, advisory services and has now forayed into angel funding network.
In this segment, Former V.P of Cloud Platforms at Citrix Systems, Ravi Gururaj is going launch an incubation centre for cloud computing ventures - Frictionless Ventures.