Announcing Galaxy: Where Founders in India Get a $1M Fund
Update: See the coverage in The Economic Times and YourStory.
Today, we’re opening applications for Galaxy, where founders in India get $1M to invest in Indian startups. If they make great investments, they’re eligible for a second fund of $2M.
Galaxy’s limited partners include world-class founders like Naval Ravikant from AngelList, Elad Gil from Color Genomics and Tim Ferriss.
Keep Your Day Job
There’s no pressure to invest. Founders stay focused on their companies and invest at their own pace. They just invest in the companies they’re helping anyway.
Angel investing experience is not required. Founders are paired with experienced investors who provide real-time feedback on investments and company-building.
AngelList handles the legal and back-office for the funds—founders don’t lift a finger to close deals.
Founders also get better at running their companies by joining this small and elite program of founders.
Founders Backing Founders
Founder-led funds are almost non-existent in India. The startup ecosystem in India has hit the critical mass to change this and create a movement of founders backing founders.
In 2021, there was $39B deployed into Indian startups and 11 tech IPOs. Half of India’s 88 homegrown unicorns were minted in the last year alone.
Founders want to raise from other founders because the best startup advice comes from other founders. With their own funds, founders in India can also provide the best capital to get early-stage startups off the ground.