Building further on the success of its Co-Investment program, Mumbai Angels, a premier platform for private investments, has signed an MoU with DLabs Incubator Association (DLabs) at the Indian School of Business.The technology business incubator provides physical and virtual incubation support for startups across all domains. Supported by the Department of Science and Technology, Government of India, DLabs, through this partnership, is joining hands with Mumbai Angels to strengthen its offering as it provides the needed infrastructure for the entrepreneurs to interact, engage and collaborate with mentors, investors and academia.
Through the Co-Investment Program, launched in 2021, Mumbai Angels aims to partner with like-minded networks, individuals, family offices, and funds to facilitate faster access to capital for growth for the chosen startups. The partnership enables unrestricted access to Mumbai Angels’ Multiplier Program, an exclusive marketplace for its portfolio companies, for availing services like advertising, cloud storage, and marketing solutions, etc. The Program also enables the chosen startups to have an opportunity to raise their next round of funding from Mumbai Angels.
Nandini Mansinghka, Co-Founder and CEO of Mumbai Angels, said, “DLabs offers the ideal platform to interact and engage with one another as startups, and with founders and academia. Their fostering infrastructure has enabled several student entrepreneurs and startups to rise, and there are yet many more ventures that need nurturing. We are pleased to partner with them for our Co-Investment program, as we’re certain that the association will be a fruitful one.”
“This partnership enables us to further help the startups in our portfolio reach out to more investors and pitch their ideas to them, and also get more varied sector-specific mentorship. We are excited to join hands with a leading angel investment platform like Mumbai Angels and work with them to strengthen the ecosystem further,” added Saumya Kumar, I-Venture @ISB and CEO of DLabs.
DLabs hosts a state-of-the-art space for entrepreneurs to interact, engage and collaborate with mentors, investors, and academia. The primary objective is to strengthen entrepreneurship and foster innovation among the young in India, including its student and alumni community, as the Government supported business incubator scouts, supports, and scales up innovations into successful ventures. DLabs encourages creativity and innovation in a shared work environment amidst a healthy startup community. Till date, DLab network includes 400+ mentors and Industry experts, has funded 70+ startups, and has conducted 12+ Theme-based Accelerator programs that have enabled 124+ startups to graduate.