Beej Network to invest over $3 Mn in 24 Early stage startups in 2023
March 14th, Chennai : Angel Investing firm, Beej network, announced its plan to invest 24 cr (over $3 Mn) in 24 early-stage startups by the end of this year 2023. Beej Network provides financial aid to qualified startups throu gh integrated resources. This in turn fills the gap in the financial early-stage funding ecosystem.
The co-founders Nikhil Jain, Nikhil Sethia, K.V.T. Ramesh, and P.S. Suman decided to establish Beej Network 6 mo nths ago after living the experience of Angel investing for more than 4 years with a portfolio of 60+ startups. Be ej has built an investor base of over 400 investors with 10 Startups in their portfolio.
“We started Beej Network with one goal, to bring leverage to revolutionary startups. Our focus is towards building a hig h-value generating ecosystem.” said co-founder of Beej Network, Nikhil Jain, upon asking why they established th e network. Beej’s Angel Network is building a bridge that facilitates big-ticket investments for high-growth start ups. At the same time, they also encourage first-gen investors new to the idea of startup investing by welcoming investments as low as INR 3 Lakhs.
“At Beej, we have various rounds of assessments before we decide to fund a startup. We follow a Sector Agnostic appr oach keeping the quality of the startup as the primary criterion of evaluation. We pay attention to the founding team, their experience, and hunger- that’s 40% of our due diligence. Other than that, we look at the scalability- if they are ca pable of making a dent in the market. Most importantly we figure out a successful exit plan for our investors.” Nikhil Jain mentioned.
Beej Network takes pride in investing in startups like Chaiwaale, Swytchd mobility, Mr.Med, Crib, and many more startups. Beej is also planning to launch its CAT 1 Angel AIF soon. This AIF Will work as a FAAS (Funding as a Service) as well. Along with the FAAS, they will also be launching their PAAS (Platform as a Service).
About Beej Network:
Beej Network is an angel network funding startups dominantly in early-stage startups. Beej aims to provide fin ancial assistance to the right potentials through integrated resources and filling the gap in the financial funding ecosystem. Beej has built an investor base of over 500 investors with 10 Startups in their portfolio namely Chai Waale, Swytchd Mobility, Mr.Med, Crib, to name a few.
Links:
https://www.linkedin.com/company/beejnetwork/
https://beejnetwork.com/
About Nikhil Jain: A serial Angel Investor with close to 30+ startups in his portfolio and an Entrepreneur with 20+ years of experience in the B2B industry. He invests a lot of his time in Start-up Mentoring on business mode ls and strategies to boost scalability.
https://www.linkedin.com/in/nikhil-jain-a72a5a91
About Nikhil Sethia: Co-founder of Beej Network, invested in 15+ startups that are growing at 40% IRR per annum. He’s known for his network, speed and negotiation skills that differentiate him from others.
https://www.linkedin.com/in/nikhil-sethia-068a79219
About KVT Ramesh : Apart from being a co-founder of Beej Network, he’s part of the international network as the Executive Director of BNI Visakhapatnam and co-founder of Pick A Book and National Director at Corpora te Connections India. https://www.linkedin.com/in/kvt-ramesh-b09805120/
About PS Suman : He’s the founder and Managing Partner of ‘PSS Legal’, a Corporate Law Firm with 20+ years of experience. He’s also a board member of the Governing Council of IJCCI and is actively engaged in the internatio nal arena to attract foreign investments into India. https://www.linkedin.com/in/p-s-suman-6a374129/
