Mumbai Angels Network, India’s premier startup investment platform focused on new venture investing, has partnered with AWS (Amazon Web Services) to enhance the value proposition for its portfolio companies. The partnership will enable the portfolio companies to scale up and expand their market presence.
The collaboration will be marked through a series of Startup programs that Mumbai Angels portfolio companies can participate in. Startups with the funding round up to Series A will be eligible to apply for AWS Credits up to $100,000* through AWS Activate, which includes Business, Tech, and GTM Support. Startups Series B and above would be eligible for programs like Amazon Partner Network, AWS Marketplace, AWS Connections, etc.AWS recognizes Mumbai Angels Network’s efforts of monitoring, assessing, and judiciously recommending these credits, considering them a very valuable partner.
Speaking on the partnership, Ms. Nandini Mansinghka, Co-Founder, and CEO of Mumbai Angels Network said, “Our portfolio companies are some of the most crucial and in our role as leaders in the ecosystem, we are partnering with AWS to enable them to expand their presence in the market. Over the past several years, Mumbai Angels Network has supported a large number of portfolio companies with these free credits. India is at the cusp of an economic boom, where innovation and entrepreneurship occupy a decisive role in economic development. The startup ecosystem is currently thriving, and despite the numerous challenges the pandemic has posed, several entrepreneurs have successfully navigated this turbulent crisis converting it into an opportunity. Mumbai Angels Network, together with AWS, is positioned as a leader and enabler towards this. We look forward to a fruitful and long-lasting partnership.”
Transcending the role of just being a technology company, AWS has huge implications to the way companies conduct their business and, in the speed, and cost of innovation, and the team is aligned with VCs, accelerators, and other startup organizations to help their portfolio companies with their business and technical needs. AWS provides early-stage startups with the low-cost, easy-to-use infrastructure needed to launch their company while supporting their journey from inception to scale through their wide ecosystem network, partner support, along with Amazon-led funds and startup programs.
With a 550+-member network, Mumbai Angels Network has one of the strongest portfolios in the country with 170+ companies and 75+ exits plus next-round investments. As a player with one of the longest presences in the industry, the platform has an in-depth understanding of the nuances of the sector and is renowned for its processes, the depth of due diligence, and the way the platform manages its portfolios, thereby becoming the gold standard of how deals are processed in the industry.
Source: Business World
