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India’s leading angel investment platforms are going all out to lure people from smaller cities to startup investing, despite the attendant risks and regulatory issues involved.


India is ramping up focus on defence drones, and the decade-old startup wants public money to seize the opportunity. But the track record of listed peers offers a cautionary tale.
The nearly two-decade-old investment platform will not make any angel or pre-seed investments anymore. Its closure tells the larger story of the state of angel investing in India.
Accusations are flying between a co-founder of innerwear brand Almo and its top investor over possible corporate governance lapses and a conflict of interest, even as the startup struggles to survive.