Indian Angel Network (IAN) today launched its international operations from London. IAN also agreed to invest in Swiftshift, a UK based start-up providing a SAAS-based solution which allows companies to quickly fill short notice shifts using their own staff through SMS, email and mobile technology.
Leveraging matching algorithms SwiftShift creates a regional employee bank allowing workers to accept shifts across multiple locations.
Saurabh Srivastava, co-founder of IAN said, “UK is amongst the world’s top 10 ecosystems for start-ups and home to some of the finest research and development in the world. This initiative will allow IAN to invest in UK start-ups and help them scale globally by leveraging IAN’s expertise and networks.
Equally, it will enable IAN’s investee companies in India to leverage UK as a hub for accessing European and American markets.” IAN has over 250 members spread around 10 countries.
“We have received an overwhelming response from British start-ups post the announcement of IAN’s UK operations and met some of the most innovative and unique start-ups in London. IAN investors were extremely excited and agreed to invest in one - Swift Shift – of course subject to diligence and contract agreements,” said Padmaja Ruparel, President IAN.
A large number of UK residents are also joining IAN, looking forward to invest in geographies outside of the UK such as India and for Indian investors this will add IP / product related ventures in their portfolio. This cross border investing will help hedge investment risks for investors from each country, she added.
