Saturday, Oct 23 2021 | Time 19:32 Hrs(IST)
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Business Economy


The Chennai Angels partners Native Angels Network to co-invest in TN start-ups

Chennai, Sep 16 (UNI) The Chennai Angels (TCA) and Native Angels Network (NAN)
has signed an agreement to co-invest in start-ups across Tamil Nadu.
Both angel networks will coordinate and plan common pitch sessions on a case-to-
case basis. They intend to not only fund but also mutually support start-ups for select
activities. according to a release today.
The intention is to ensure that Tamil Nadu based start-ups get a wider reach to a larger
number of investors that are relevant to their industries.
TCA CEO K Chandran said “the coming together of two of the largest leading angel
networks in Tamil Nadu will benefit promising start-ups across the State gain access
to a huge pool of elite mentors and capital for scaling up their early stages of growth."
NAN Founder and CEO R Sivarajah said “We are mainly concentrating in investing
in early-stage start-ups emerging from small towns of Tamil Nadu. The association
with TCA will enable us to explore newer horizons in investing".
"This partnership will strengthen the investment ecosystem in Tamil Nadu”, he said.
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