Forming a goodwill relationship, the MoU has been inked in order to accelerate Edupreneur Village (EV), an initiative of SAS, to catalyze structured, early stage investing in edtech startups.
The collaboration will start from 31st August, alongside an event – Edupreneur Village Challenge: ‘The Final Battle‘ at The Leela Ambience, Delhi.
“Sri Aurobindo Society is known for its education initiatives and is now proactively encouraging EdTech entrepreneurs through investments by Edupreneur Village. We are elated to partner with Lead Angels for early stage investing in startups focused on Education technology in identifying and supporting promising ventures,” Sambhrant Sharma, Director- Education, SAS, said.
Lead Angels was founded by Sushanto Mitra in 2013. It has built a full stack services offering for startups to provide support at every stage in the life cycle of a startup.
The company now has 130+ angel investors in its network across active chapters in Delhi, Mumbai, Ahmedabad, Bengaluru & Hyderabad.
The Network provides early stage funding to startups, post investment Lead Advisory assists companies looking to raise growth capital for scaling while LA Management & Professional Services (LAMPS) provides services for compliance/ governance requirements, reporting & review of systems for startups.
Edupreneur Village, on the other hand, is an early stage EdTech focused VC Fund, situated in New Delhi, and started in 2018.
The fund invest in EdTech start-ups. It provide the support required to reach Series A stage. This includes business plan counselling, future fund raising, working with the start-up founders and helping them scale through our massive education network across India.
While, the Sri Aurobindo Society, is located in Puducherry. The Society was founded in 1960 by the Mother of Sri Aurobindo Ashram. It focuses on Education Transformation, in addition to multiple other social objectives. It has over 300 centre across the world.
Sushanto Mitra, Founder & CEO, Lead Angels, said, “The MoU is a landmark for the Indian start-up ecosystem in that it brings a vast and powerful network with a global footprint into early stage investing. We look forward to playing a collaborative role with EV in nurturing & world class EdTech startups”.
Adding on, the Final Battle is a first-of-its-kind EdTech investment event in India. Modelled on the lines of Shark Tank, it will have 12 super curated seed-stage EdTech Startups (finalized from 1100+ Investment Applications), made investment-ready after a rigorous 10-month process.
The selected startups will pitch for investment in front of a high powered panel of judges on stage, 50+ Investors on couches as well as 300+ Startups who want to witness the process.