InnerWave Ventures to invest Rs 18-20 crore in startups in next 3 years


InnerWave Ventures, managed by corporate advisory firm InnerWave plans to invest around Rs 18-20 crore in 18-20 startups in the next 3 years.
Additionally, the parent corporate advisory firm InnerWave which has expertise in fundraising, mergers and acquisitions, valuation, and others will also help in additional rounds including investments from venture capitalists.
InnerWave Ventures which currently consist of a group of 32 angel investors are looking to help early-stage startups and will be helping the startups with mentorship and expansion plans. The network consists of senior leaders from corporates like Adobe, Microsoft, JP Morgan and others.
Varun Dhingra and Jatin Tehri, the founders of will be InnerWave Ventures will be selecting the startups through a pre-screening process. The founders will then invest in the startup before connecting them to the other angel investors.
The Corporate Advisory team of InnerWave will also Talking to ETech on phone, Varun Dhingra, Co-founder, InnerWave Ventures, said that that the firm will be sector and location agnostic. “We are keen to fund startups from tier II and tier III cities as they do not get access to right mentorship and capital which kills many innovative ideas.”
He added that the purpose of InnerWave Ventures is wealth generation by investing in hidden gems after performing a 3-stage screening process.
“The angels will make investment decisions based on the quality of the business proposal. The investment can come from a single angel or a group and it can range from anywhere from Rs 1 crore to Rs. 1.5 Crore,” added Jatin Tehri, CO-founder, InnerWave.
By the end of this financial year, the network is expected to grow to 60 angels.

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