India-Bangladesh investment start-up deal signed

Indian Angel Network (IAN), the single largest angel investment platform in India, has joined hands with Bangladesh Angels Network (BAN) to create a pipeline of investment opportunities in areas of mutual interest in both regions. 

The aim is to work together to source, cross-refer, and promote linkages in technology-enabled startups in both countries to create an enabling environment for venture investing in both ecosystems, says a press release. 

The two partners will host joint-showcases (digitally) of startups and promote co-investments and knowledge sharing in both angel communities. 

Speaking on the partnership, Padmaja Ruparel, co-founder of IAN said, "We are delighted to partner with BAN to launch the 'Startup Bridge' between India and Bangladesh and reflects the growing interest in angel investing across the Sub Continent. The 'Bridge' will hopefully bring the startup ecosystems of the two countries much closer. It promises to enable entrepreneurs to access much larger markets, talent pools, funds and provide Angel investors many more investing opportunities and bring innovative solutions to corporates." 

"From inception, BAN has enjoyed close links with the Indian ecosystem. We've looked at our mentor networks like IAN as our north star in terms of where this growing community and ecosystem can evolve into, and I'm really pleased to be able to crystallize that relationship into a formal collaboration. This is one more step in bringing the Bangladesh ecosystem in line with other more developed ecosystems and best practices from such jurisdictions," said Nirjhor Rahman, chief executive officer (CEO) of Bangladesh Angels.