Members of Funder’s Forum will pool their resources, and have a common deal flow, thereby leading to larger cheques being written. The strategy mimics that of existing angel networks, such as Indian Angel Network, which work on a similar proposition. “India has only two or three domestic institutional LPs, unlike in the west…One of the biggest needs for domestic funds is capital. This is an advocacy platform for domestic funds,” Rahul Chowdhri of Stellaris Venture Partners, said.Besides ensuring a greater number of domestic institutions back home-grown funds, the Funder’s Forum will also look to engage on ensuring better tax treatments for the same. Some conversations have started… The idea is to bring it to the attention of policy makers as we move forward,” Chowdhri said.

Source: Economic Times June 10, 2019 03:00 UTC