Sarthi Group launches angel platform to help startups

MUMBAI: Financial services company Sarthi Group today said it has launched a not-for-profit angel platform to provide funds to startups.

"We have 100 angel investors registered with us already. The platform will show them proposals of startups which they can invest in," the group's co-founder Deepak Sharma said.

He said Sarthi Angel Venture Foundation 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.

The platform will be focusing on six sectors including agriculture and food processing, consumer, cleantech, e-commerce and information technology, healthcare and media, he said.

The investments can be done at any stage in the life cycle of the company, including when it is only an idea, Sharma said, adding the investment size can be up to USD 2 million.