What is an Angel Investor in business?
Suresh
Answered on February 14,2020
Answered on February 14,2020
"Angel investor" means any person who proposes to invest in an angel fund and satisfies one of the following conditions, namely,
- Net tangible assets of at least INR 2 cr excluding value of his principal residence, and who:
- has early stage investment experience, or
- has experience as a serial entrepreneur, or
- is a senior management professional with at least ten years of experience
- A body corporate with a net worth of at least INR 10 cr, or
- An AIF/ VCF registered under these regulations.
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