Hyderabad Angels To Invest Rs. 2 Crore In RFID Start-Up, Identis

Online, March 18, 2011 (Newswire.com) - Hyderabad Angels, a group of entrepreneurs who invest their own capital, on Friday announced an investment of Rs. two crore in the Hyderabad-based custom RFID manufacturing company, Identis Pvt Ltd.

Unlike traditional Venture Capital and Private Equity models, Hyderabad Angels (supported by The Indus Entrepreneurs, Hyderabad) are a loosely formed organization of people with a common goal of enhancing value of multiple businesses at the same time. Identis which is in the custom RFID manufacturing industry was started in 2010 when promoters Mr. Suresh Lingamaneni and Mr. Sanjay Panda, having vast experience in the RFID industry, have come together to form Identis along with few other friends in the industry.

Apart from funding, Hyderabad Angels will also provide valuable mentorship as Hyderabad Angels are experts who understand the business and can hence guide the entrepreneurs to take their businesses to the next level. While the criteria for investment are different for each deal for the Angels, investment criteria are something that is negotiated between the promoter and the Angels. These vary from deal to deal. Hyderabad Angels has some basic criteria like the investment requirement should be less than Rs. 3 crore.

It is pertinent to note that Hyderabad Angels gives the promoters the freedom to use the funds in the best interest of the Company and does not enforce any strict rules on spending. "Hyderabad Angels is a bridge between investors and entrepreneurs, fueling the entrepreneurship ecosystem in the city of Hyderabad," said Mr. Lakshmi M Kodali, principal spokesperson, Hyderabad Angels and Managing Partner, LAD Solutions LLC.

"Hyderabad Angels is just a facilitating platform between the Angels and promoters. The investment decision is taken completely by the Angel himself. It all depends on how well the promoter can get the Angels excited about the deal," added Mr. Kodali.

About Hyderabad Angels:

Hyderabad Angels are individuals who are experienced seasoned business men and women, who are entrepreneurs themselves and who invest their own capital. These individuals have experience in all business segments in various industries and have the skill set and experience to understand a good venture from a bad one. This model is different from the traditional VC's and PE models which have more rigid investment guidelines. It is a loosely formed organization of people with a common goal of enhancing value of multiple businesses at the same time.