'Business Angels' Enhancing Entrepreneurship Movement In India


New Delhi:  'Business angels' are taking the initiative to help budding entrepreneurs set up and manage their own start-ups successfully in a highly competitive environment.

This emerging new class of mentors, successful tycoons in their own right, are also providing crucial capital for fledgling ventures, usually in exchange for a part of convertible debt or ownership equity.

'Business angels', with their team of experts and advisors, are coaching youths with entrepreneurial bent through acceleration programmes, which can be likened to 'gurukuls'.

Under acceleration programmes, these industry gurus not only share cutting-edge insights, observations and valuable advice with potential entrepreneurs but also actively involve themselves in guiding, strengthening and boosting the growth of their start-ups.

VentureNursery (VN), based in Mumbai, is India's first angel-backed start-up accelerator, set up in March 2012 by Shravan Shroff, founder and former MD, Fame Cinemas, and Ravi Kiran, former CEO-South East and South Asia.

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Source: IANS