PerkyBurrito
Secrets of Indian Angels/VCs
I will get the ball rolling: heard that Kunal Shah invests as less as INR 50K in return for good % of equity, by saying that using his name in media will give the startup enough value in itself (can't deny tbh).
What have you heard/seen around the circuit?
26mo ago
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DizzyJellybean
Stealth26mo
Last I have heard, he used to invest 20 lacs token amount if he was impressed by your pitch. That too without much due diligence, he used to bet on founders rather than the product. This 50k thing is the first time I am hearing it.
SwirlyPretzel
Stealth26mo
Heard the same from multiple folks who got him as an Angel investor.
GigglyBanana
Stealth26mo
Could be 50k USD since most investments in India are negotiated in dollars
SwirlyBurrito
Hike26mo
The least he does is 5 lakh and he does it as per the round size so not taking any extra or special equity
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