Wednesday, December 3, 2014

Anumolu Srinivas: Techcircle leading angel investors of 2014

Angel investors are those who invest high-risk capital in the early part of a startup’s life. They put in a few lakhs to a couple of crores of rupees, provide guidance and advice, and help the entrepreneur reach a stage where he/she can raise a larger amount of funding or attain profitability.

Angel investments have been on the rise in India, primarily driven by successful tech entrepreneurs and top corporate professionals who want to put in their spare cash in startups which are likely to make it big or win large venture capital funds. The angel movement kicked off in mid-2000 with the formation of networks such as Indian Angel Network, Mumbai Angels and Chennai Angels; it has now spread across the country with several high-net-worth individuals showing the risk appetite for investing in startups and emergence of newer platforms like Lead Angels, LetsVenture, among others.

Anumolu Srinivas, a finance and software professional, has been an entrepreneur besides working at senior positions in various organisations. Following his studies, Anumolu joined Barra, Inc. in 1990, as a Product Manager and later went on to become a director at New York Life. He quit his job to start his entrepreneurial venture by launching Elance, an online service for freelancers that aggregates freelance workers in programming, design, writing, sales, finance and a range of other industries. In 2005, Anumolu accepted an additional, short-term position as a director of ecommerce at Amazon India, where he helped to develop products and business strategies.

Anumolu graduated from the Bachelor of Science programme at Indian Institute of Technology Madras. Subsequently, he secured a Postgraduate Diploma in Management from Indian Institute of Management Calcutta. He later completed Ph D coursework in finance, economics and statistics at Anderson School of Management at the University of California at Los Angeles.

Investments: bluestone.com, bigbasket.com, Oximity, delyver.com, TutorVista.com, onlineprasad.com, bookadda.com
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