Technology businesses in Lead Angels’ portfolio look promising in 2021, as the economy recovers by the day, as per a top executive at the angels network.
In revenue terms, most of the portfolio companies have crossed pre-Covid levels, with those in the spaces of edtech showing a four-fold growth, according to Sushanto Mitra who is founder and CEO of Mumbai-based Lead Angels.
Capital velocity in terms of venture capital (VC) deployment, he told TechCircle, will be maintained in the first quarter of 2021, even as ecommerce related regulatory issues would make for temporary problems.
Uncertainty of the new mutant strain of Covid-19 emerging from the United Kingdom might further prolong the effects of the ongoing pandemic, he said, adding that edtech and heath tech investments from VCs will continue as the world takes longer than previously anticipated time to emerge from the virus.
Agritech, and SaaS (software as a service) adoption will continue to gain special attention and rally in the business environment ahead, he added, as new use requirements in the global markets and domestic SMBs emerge.