Daggubati to help Hyd Angels set up a chapter in the US

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Hyderabad Angels  plans to set up a chapter in the United States with 20 members scattered across east and west coasts, a move that chairman Daggubati Suresh Babu said will help the first angel network from the city to start an overseas chapter, get leads, and close deals in the US.

The US chapter is expected to be functional in the next two months, Daggubati said. “This will make our deal flow better and also increase our member size,” he said.

This comes on the heels of Hyderabad’s startup stakeholders taking special interest in building a bridge between the Indian and American startup ecosystems. Telangana-backed incubator T-Hub, in partnership with Uber and TiE Silicon Valley, recently launched an initiative to connect Indian startups with global markets and help bring global startups to India.

Similarly, Hyderabad-based early-stage venture capital firm Endiya Partners has brought in a member from Silicon Valley to help it close some international deals and handhold its portfolio companies from India that want to scale up to the US markets.

“We go after two kinds of startups,” said Sateesh Andra, managing partner of Endiya Partners. “One that goes global from creating the product locally and the other that is headquartered in the States but wants to target Indian markets,” he said. While advantageous, such synergies come with its set of challenges, according to Padmaja Ruparel, president of the Indian Angel Network (IAN). This group has a robust overseas network spread across seven nations including India, with 15% of its portfolio consisting of overseas startups.

“Hyderabad Angels setting up a chapter in the US is good because a lot of innovation is breeding overseas, which can access the large and growing markets in India,” said Ruparel. “It also encourages engagement of investors from different countries,” she said.

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