IAN investors investing in Unique Propositions like Groffr

by Sunanda K. Chavan on Thursday 21 July 2011, 2:54 PM | Category: Miscellaneous| View: 1399 views


Started in April 2006, the Indian Angel Network is a unique concept which brings together highly successful entrepreneurs and CEOs from India and around the world who are interested in investing in startup / early stage ventures which have the potential of creating disproportionate value.

The Network, in addition to money, provide constant access to high quality mentoring, vast networks and inputs on strategy as well as execution. The Network members, because of their background are better able to assess the potential and risks at the early stage.

Indian Angel Network, India's first and largest business angel investor group, invested in a real estate group buying pioneer, GrOffr.com to help them expand their reach in India. GrOffr.com, co-founded by management school classmates and colleagues at a large financial services firm Sandeep Reddy and Vikhyat Srivastava in 2010, helps customers in getting attractive rates for their planned purchases of Real Estate, Cars and other high value assets. By leveraging the power of group buying, GrOffr allows customers get lucrative deals from builders in the primary real estate market. IAN invested under US$1 million.

How Groffr Works?

In the world of social buying, i.e., buying in groups. We are aggregating like minded-people who are interested in buying a particular product and in the process converting standalone buyers into a group of buyers!

And we all know that as a group, we always get discounts!

We have used our strong network of developers/car dealers to get the best possible discounts for group buying in projects and other products.

We post those deals on our website so that interested buyers can show interest. And in this way, we make a group of all the single buyers through the online platform.

While in most of the deals the sourcing is done by our team, if you have a deal in mind (real estate/cars/bikes etc all) we'd be happy to assist you in finding more such like minded people. What's more if you can source the deal too or get a small group yourself, the rewards of the deal can also be shared.

IAN member Mr. Krishna Jha, who serves on the board of the company believes that GrOffr is a differentiated business idea in the real estate asset category with large potential for savings for end customers.

Indian Angel Network, operating nationally, with over 170 investors from across the globe, brings together successful Indian entrepreneurs and CEOs who share a passion to enable more early stage businesses to create scale and value. By focusing on startups, the Network addresses the current acute lack of funds available to early stage companies. IAN also seeks to provide mentoring, strategic thought leadership and leverage the Network's network for the investee companies.

IAN investors invest in ventures that have uniquely differentiated propositions, high quality execution teams and large markets. What began as an initiative "for entrepreneurs by entrepreneurs", has now grown into the most complete early stage angel investing network covering range of activities--right from incubation, mentoring and of course investing in differentiated ideas

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