12 more angel investors join angel-backed startup accelerator VentureNursery

18 May, 2012

VentureNursery, an angel-backed startup accelerator launched in March this year, has announced that 12 more angel investors have joined its Charter Angels programme. The programme provides a platform for graduating startups, so that they can pitch for mentoring and seed funding by seasoned and active angel investors.

"We had earlier announced that we would be looking to enlist the support of 6-7 angel investors to join our programme. We were pleasantly surprised by the strong support we received from everyone and finally ended up signing up almost double that number," commented Ravi Kiran, co-founder, VentureNursery.

The 12 charter angels are Amit Patni, co-founder and chairman, Nirvana Venture Advisors; Anand Ladsariya, CEO and promoter director of Everest Flavours; Arihant Patni, director of Nirvana Venture Advisors; Ashok Kumar Damani, co-founder of K Damani Group of Companies; Bhanu Chopra, founder of Rate Gain; Bharat Banka, CEO, Aditya Birla Private Equity; Kaushal Kumbhat, managing director at the FMS Group; Nitin Agarwal, managing partner at NM Fashions; Sadeesh Raghavan, member of the global advisory board of the Acumen Fund and former MD of Accenture for North & South Asia; Sanjay Mehta, CEO of MAIA Intelligence; Siddharth Raisoni, executive director of SGR Advisors and fund manager at SGR Achievers Knowledge Fund and Sameer Brij Verma, vice-president of Nexus Venture Partners.

Earlier this month, VentureNursery announced that it had received more than 100 applications for both its accelerator programmes.

Set up by angel investors Shravan Shroff (founder and former MD of Fame Cinemas) and Ravi Kiran (former CEO, South East & South Asia, Starcom MediaVest Group, and co-founder & managing partner at Friends of Ambition), the accelerator is focusing on startups in six sectors – media & entertainment, retail, e-commerce, consumer technology, education and cleantech. Bulk of the applications came were for retail, consumer technology and e-business sector, according to a company statement. The two programmes run by the accelerator include a 90-day boot camp and the ParallelTrack programme. The former focuses on fresh startups and the latter is meant for startups at a more advanced stage and who may not need to go through the entire 90-day boot camp.