Introducing India’s Angel Investor of the week: Sunil Kalra

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A startup requires money for various reasons ranging from seed capital, to promote products and to acquire technological equipment and so on.

In today’s world, apart from banks and financial institutions, there are various ways through which a new venture can raise funds for its requirements. One such method is to raise money from Angel Investors who provide capital for startups to grow.

Who?

Mr. Sunil Kalra is a Board Member of Innoveda Biological Solutions. He is also a Board Member of Powermat Technologies. He has a BBA degree in Marketing and International Trade from the University of Texas at Austin. He is also a member of Indian Angel Network and Harvard Business Angels.

Professional Accomplishments

Between 2003 and 2013, he was an active member of the team that set up the University of Petroleum and Energy Studies in Bidholi, Dehradun district, India, serving both on the Board of Governors and the Board of Finance. Prior to that, for over ten years he was Managing Director of BSLG, New Delhi, a manufacturer and exporter of leather apparel, and has worked with some of the biggest brands in the world.

Companies He Invested

Sunil has made in over 100+ Investments in India, Israel,Singapore and USA working closely with teams to create strategy, set goals, and build networks.

Some of the portfolio companies in which he invested include:

  • Hasti Dry Port
  • Uttkarsh Micro FInance
  • Exclusively.in (Acquired by Myntra)
  • Jigsee (Acquired by VuClip)
  • Viavya Labs
  • Innovise
  • Sapience
  • MyShaadi.in
  • Aurality (Exited)
  • BuythePrice.com ( MyZingo) (Acquired by IBIBO)
  • Kwench
  • Stelae Technologies
  • Peelworks
  • OrangeScape
  • Unbxd
  • Instamojo
  • SkoolShop
  • Cherish Maternity
  • Mobilewalla
  • Druva
  • Goonj (Graam Vani)
  • Consure
  • Crayon Data
  • Sensibol 

Most Recent Investment

Their latest investment is Series B-Medikabazaar on Nov 18, 2019. He invested ₹1.1B in Medikabazaar.

Angel Lessons

Avoid get-rich-quick ideas; back team and ensure there’s a market for the idea.

“I decided to invest in CultureAlley (a language learning app-based startup) after a 15-minute phone call,” says Kalra. The app is trending with 65,000 daily users and Tiger Global, a venture capital fund, has also invested in it.

With nearly 10 years in Angel Investing, Kalra has developed the ability to quickly make decisions in angel investing.

What are the key challenges that startups face at early stages?

The primary issue that startups face especially at the stage at which I invest in which is a seed round is to establish a proof of concept. I need to understand that a team is solving a problem that’s a real problem and the team needs to go ahead and find a way to prove that the way they are solving it is a commercially viable way,says Sunil Kalra.

Comment below to share your views on angel investing. We will come up with more such investor updates. Stay tuned with Earlypad!

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