We aim to partner with promising entrepreneurs on their entrepreneurship journey and are always looking for opportunities to invest in startups that are addressing a big market with asset light disruptive ideas that have the potential for rapid, scalable growth within a reasonable time frame.
We prefer early stage/seed stage investments and exiting over 3 to 5 years time frame through further fundraising, Merger or Strategic Acquisition.
We usually invest in the range of 10 Lakhs to 50 lakhs in each early-stage business; however, we are flexible to meet the needs of the start-up and make larger investments too. We are fairly involved in the companies we invest in, start-ups will get inputs and expertise from the collective experience of 30+ members who are at the top of their own fields themselves.
Entrepreneurs from the north east region are limited to very few options when it comes to funding and mentorship, they also don’t have a network or community to help them through their entrepreneurship journey. By applying to Imphal Angels entrepreneurs can benefit from our mentoring, as well as our network of investors & industry experts.
We usually invest in the range of 10 Lakhs to 50 lakhs in each early-stage business; however, we are flexible to meet the needs of the start-up and make larger investments too. We are sector agnostic and are interested in for-profit, innovative startups.
Along with the capital, Imphal Angels believe in helping the founders in their entrepreneurial journey with timely mentoring and access to our large network of industry experts and VC funds.
Right from the basics of team management, finance, recruitment, marketing to how to scale your startups to how to get Series A funding, Imphal Angels will be providing training and reading materials on a regular basis.
Where ever possible we would like to help startups by partnering with accelerators, incubators, co-working spaces, events, and other ecosystem enablers to further grow their business.
Entrepreneurs submit the business plan through the website. Entrepreneurs can submit their business plan through the year. Click here to apply.
Business plan review will be done by Imphal Angels.
If, after reviewing the business plan, Imphal Angels believes that the idea could be an attractive investment opportunity for some of our Members, then Imphal Angels will collects further information by meeting the entrepreneurs personally or through phone calls.
The Governing Body vets the applications (those who passed the pre-screening and basic due diligence) and shortlist applications further for elevator pitch sessions.
The shortlisted applications will be invited to participate in an elevator pitch session with the Imphal Angels’s Governing Body team.
Applicants who are selected from the elevator pitch session will be invited to present their plan to the entire member community of the Imphal Angels. Formal presentation of shortlisted startups will be conducted four times a year (every quarter). For key points to be addressed in the presentation click here
In the period following the presentations, the members will decide whether your business plan is of interest to them and whether they wish to participate in the due diligence for the purpose of individual investment. Each member will look at the deal individually and holistically to see if the deal is appropriate based upon host of criteria. Angels invest their own money and may choose to rely on their instinct, experience and the opinions of other members, rather than relying only on the diligence process.
Once we receive enough interests from our members, Imphal Angels will connect with the entrepreneurs to conduct due diligence and deep dive into the business, financial and other aspects. This usually takes 3-4 weeks depending on the business and other factors.
After successful completion of the due diligence process, interested Members will present the entrepreneur with a Term Sheet that defines the structure of the investment deal – including the amount / type of equity, valuation, shareholder agreement, as well as rights relating to our representation on the board of directors, amongst other things.
Members invest individually and not through the Imphal Angels entity. The members decide among themselves how much each individual wishes to invest. Post successful due diligence, when all the parties are satisfied with the terms and language contained in the Term Sheet, the deal can be executed.
Closing the deal is only the beginning of the involvement of Imphal Angels in the company/startup. Imphal Angel believes that early stage businesses require more than just money to succeed. We aim at enhancing the success rate of early-stage businesses significantly through mentoring, networks and inputs on strategy as well as execution.
Imphal Angels HQ,
2nd Floor, Bank of India ATM
RIMS Road, Imphal 795001
Phone: (+91) 0385 2411 048