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Co-Founder and CEO of AngelList Naval Ravikant. Photo: Noam Galai/Getty Images

AngelList today announced that it is launching its deal syndicates platform in India, after having first teased the plans in 2016.

Why it matters: This could rapidly expand the number of Indian startups able to raise venture capital funding.

India is now the fourth country where AngelList now offers syndicates, a platform through which individuals can raise money that is then invested on a deal-by-deal basis into local startups.

It has been a growing market for AngelList, including as its second biggest for hiring services with nearly 5,900 startups participating. India also has more than 6,000 registered investors interested in Indian startups (834 of whom are residents), and almost 31,500 registered local startups.

The country's requirements for angel investors are similar to those in the U.S., asking that participants have net tangible assets of at least INR 2 crore (excluding value of their residence), plus a certain level of investing, entrepreneurial, or managerial experience.

Check out AngelList's FAQ for more on the Indian syndicates' fine print.

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.

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