New Delhi, Feb. 10 -- Angel investments as a way to raise funds for startups has picked up pace recently in India, and a lot of the credit goes to the success of startups like Ola, Oyo, Swiggy, BharatPe and others, where the angel investors got multifold returns on their investment. Typically, as a young startup comes up with an MVP (minimum viable product), gets some traction (like paying customers or user engagement in some form) and reaches the initial level of product-market fit, they are considered by angels for funding.

Angels are usually high net-worth individuals, who not only provide capital but also get involved deeply in the process of scaling up the business and provide much-needed direction, mentorship, and open their networ...