How the growing band of angels are driving up India's start-up ecosystem

This year, angel investors have already participated in 380 deals worth a combined $1.5 billion. Illustration: Yatish Asthana/Mint

Rajan Anandan, Naveen Tewari, Ratan Tata, Krishnan Ganesh and Yuvraj Singh don’t have a lot in common. Except a passion for start-ups.

That passion has led them to dip into their personal capital pools and write out cheques to more than 100 young, unlisted companies that need a leg up. Often, they are the first to put money in a company that isn’t much more than two guys, an idea and a business plan. At other times, they become the bridge between two institutional funding rounds.

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