Indian Angel Network Steps Into The London Scene by Investing in Swiftshift.
Sources have revealed that the Indian Angel Network has decided to make its very first investment on a British based startup by the name of Swiftshift.
Swiftshift is a London based company that has designed a software that will allow companies to speed up the process of filling up shore notice shift by using their employees short messaging services, email , and an mobile technology. The investment was easily processed thank to UK Trade & Investment, who’s strategy rely on them to target any investments being made by any high-growth market such as China or India.
The Indian Firm Invasion.
Indian firms have managed to become the fifth largest investors in Britain and more the 50 percent of Indian investments have gone into the European business.
“The UK is home to some of the best innovation and research and development (R&D) in the world. We are delighted to have decided on our first UK investment and we believe that SwiftShift’s product will be sold around the world,” said Saurabh Srivastava, co-founder, IAN.
The announcement of the investment the IAN investors group where invited to a reception that was being held at the British prime minister’s residence this week.
About Indian Angel Network.
At the moment, IAN is one of Asia’s largest angel network with over 250 investors spread out across 10 countries and has already invest in startup from various countries that include, Canada, US, Singapore, Sri Lanka, Hong Kong, and India. IAN has a protfolio that is filled with over 100 companies that cross multiple sectors such as, mobile, education, healthcare, IT, social media, semiconductor, gaming, and hospitality.