While we dont have targets, we are looking to invest in 40-50 startups this year, Vinay Bansal, co-founder of IPV told Business Insider.

Despite the coronavirus pandemic, they are happy to invest in startups. We are not moved by greed or fear. In fact, we see this as a great opportunity to invest in startups where we might not have got the opportunity to invest otherwise, he said.

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IPV was founded just 18 months ago by Vinay Bansal, Ankur Mittal & Mitesh Shah. From 283 investors on their platform in 2018, today they have over 1700 investors who are all CXOs from different companies. Some of the investors on its platform are Amit Dalmia (Blackstone), Prakash Iyer (Haldiram Group), Dhianu Das (Alfa Ventures), Anirudh Damani (Artha Ventures), Deepak Chandran (Wipro Consumer Care and Lighting), Rahul Bothra (Swiggy ), among others.

The minimum ticket size for an angel to start investing has been kept at a low entry point of 250,000.

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Due to the large group of investors, they dont have an investment thesis and are sector agnostic. However, here are the three pillars of evaluation

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Originally posted here:
This Indian angel investment platform has invested in eight cos in 60 days and plans to fund startups every we - Business Insider India