Angels tweak their strategy

Dinesh Agarwal founder of Indiamart.com says he is staying away from execution-led ideas, and focusing on technology plays

Dinesh Agarwal, the founder of B2B (business-to-business) portal Indiamart.com and a contemporary of MakeMyTrip founder Deep Kalra, has invested in over 40 start-ups. He has seen exits in only a tenth of them, including a few star performers like Little Eye Labs which was acquired by Facebook.

Agarwal, who has been investing with GSF Accelerator founder Rajesh Sawhey and The Indus Entrepreneurs (TiE), has tweaked his investment strategy. ‘‘I am staying away from execution-led ideas, and focusing on technology plays,” he says. He had invested in auto-hailing app Autowale. It had a good team, had a headstart but was a large