The former Chief Product Officer of Snapdeal has 15 startups in his portfolio and wants to invest in another 3 to 5 companies
Former Chief Product Officer of Snapdeal, Anand Chandrasekaran invests in Truce, MagicX, Lucideus, LoanCircle, Lernr and Rupeek — and plans to invest in three to five more companies this year. He plans to invest upto Rs 17 Lakhs in each startup but did not disclose the investment in the recently funded 6 startups.
Just this month he quits Snapdeal as their Chief Product Officer. In a tweet response to Rohit Bansal, he says “We did in 1 what would take 3 years anywhere”. He handled all the products of Sapdeal like Freecharge, GoJavas, etc. Before that he joined Airtel in 2014 (soon as he came back to India) driving Wynk Music, Airtel Money, and leading the e-commerce business, My Airtel app.
When asked if he would invest through a VC firm, he said that he would like get first hand experience of startup as an angel investor. Since he is not with Snapdeal, he would like to mentor and share his experience with his portfolio.
This Stanford Alumni co-founded Aeroprise Inc which became the most-deployed solution worldwide for mobile service management, raised $7M in funding and was acquired by BMC Software.
Presently Anand Chandrasekaran had interactions with 200 startups and is looking to invest in startups that are into artificial intelligence, clean tech, and fin tech. Most of his startups have raised series A & B and are expected to generate returns of about 8-10X. These investments were done in just 12-15 months.
With foreign investments pouring into Indian startups, angel investors’ confidence is increasing and people with ideas are getting into startup ecosystem. Only in time we will know if the 10% startup success rate will improve or not.