Mumbai Angels to back startups supported by Neoleap Accelerator

Investment network Mumbai Angels has partnered with Neoleap Accelerator, an initiative of its eastern India counterpart Calcutta Angels, to invest in emerging startups.

Through this partnership, Mumbai Angels will provide an opportunity to the startups from Neoleap’s cohort to seek funding from its network members, an official statement said.

Neoleap Accelerator was founded in 2016 to support technology-focused startups in terms of mentoring, business, investor connect and office spaces. 

“We are actively looking to partner with leading incubators and accelerators, both in India and globally,” said Nandini Mansinghka, managing director and chief executive officer of Mumbai Angels. 

Mumbai Angels claims it has invested around $21 million in over 130 startups and has a presence in seven cities - Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa and Pune. 

“The partnership with the (Mumbai) angel network will provide a vast funding pool to our curated startups,” said Raghav Kanoria, founder of Neoleap Accelerator.

In 2017-18, Mumbai Angels was ranked second in terms of investments by angel networks by investing in 12 startups. Indian Angel Network had topped the list during the year by adding 40 startups to its portfolio.