Indian Angel Network takes international route for better returns

Indian Angel Network channelled 20% of its funding into companies abroad (mostly US and UK-based firms) in the past two years

At a time when entrepreneurship is fast picking up in the country, as is evident from the growing start-up space that is increasingly luring global investors, Indian angel investors are expanding their horizon and stepping into uncharted territories in search of better returns.
 
Indian Angel Network (IAN), Asia’s largest network of investors that put money in early-stage businesses, channelled 20 per cent of its funding into companies abroad (mostly US and UK-based firms) in the past two years. It recently invested an undisclosed amount in Los Angeles-based technology start-up Vyng.Indian investors looking beyond on shores for better business is