Between April 2012 and March 2015, there were a total of 153 deals reported, for a total value of Rs 204.2 crore. The report covered investments done by five prominent angel groups in the country - Indian Angel Network, Mumbai Angels, Chennai Angels, Calcutta Angel and Hyderabad Angels - with over 700 members.
"There has been an increasing trend of angel investments in companies with proven track record in terms of revenues," it said. About 76 per cent of the companies funded in 2014-15 were generating revenues compared with 40 per cent of companies funded in 2011-12, the report added.
"The report examines the trends emerging within the angel investing space in India which has historically been fragmented," Ajay Hattangdi, chief executive and managing director of India and South East Asia at InnoVen Capital India said.
"The growing maturity and momentum of angel investments in India as evidenced by the report bodes well for the health of the entire venture ecosystem," he added. Bengaluru pipped Mumbai to witness the highest angel investment this year, the report said adding the investment in Bengaluru surged 29 per cent, compared with 21 per cent last year.
InfoTech and online services was the hottest segment, with over 39 per cent of angel money flowing into the sector. The report also pointed out that the median size of an angel round grew to Rs 1.38 crore in FY15 from Rs 52 lakh from last year, and the median pre-money valuation increased to Rs 9 crore from Rs 6.7 crore in the same period last fiscal.
‘95% corporates had lowest cash flow visibility in 2014’
Almost 95 per cent of corporates in the country have lowest visibility of their cash position due to dominance of cash payments for spends rather than use of e-payment channels, says a study.
“Indian corporations have been identified as having the lowest visibility over their cash flow, with many lacking efficient processes, systems and tools to deliver real-time visibility and predictability of cash flows,” global payment technology company Visa said in its ‘Cash Flow Visibility Index Study’ for 2014.
The study showed that 95 per cent of companies do not have 60-day visibility of their cash obligations, and 87 per cent of them do not even have a 30-day visibility. It said due to “lack of right processes, systems and tools”, companies require time to manually work on analysis reports.
The study revealed that 97.5 percent of leading companies in the country do not have access to analytic reports that provide real-time visibility of cash positions. It said corporates spend up to 480 man hours per week manually entering data and preparing cash assessment and analysis reports due to absence of appropriate tools and systems. The level of adoption of electronic collection and payable platforms in many businesses, the study said, is very low.