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April 22, 2013

Deal Alert: Rajan Anandan, Harvard Angels commit to 4 investments

StartupRoots, initiated by 10,000 Startups in association with NextBigWhat, has helped four start-ups to raise spot funding from angels investors, including Google India MD and angel investor Rajan Anandan. Bangalore-based Lumos Design Technology, working to develop solar-powered apparel, got Rs.25-lakh in return for a 10% stake for Anandan. 

Anirudh Suri, founding partner of Indian Internet Group, Ravi Gururaj and Ramesh Kumar Shah, co-founders of Harvard Business School Alumni Angels India, wrote a combined cheque of Rs.1 crore for a 22.5% in a Kolkata based social audience discovery platform, Tookitaki

Mumbai based provider of digital jukebox for retail outlets, Moojic, raised Rs.25 lakh from three angel investors including Anandan for 12.5% stake. Credii, a cloud-based platform for business software selection and procurement, got an investment of $50,000 for a 5% stake. 

Source: iamwire.com

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