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AngelList to launch syndicate operations in India

AngelList, a US-based online platform which supports early-stage funding and start-up recruitment, is looking to launch its syndicate operations in India. However, it would need to get regulatory approval, says Utsav Somani, an angel investor who will lead AngelList's India syndicate operations. Syndicate is a concept, which AngelList has established successfully in the US. Under this, a venture capital (VC) fund is created purely to make a single investment. The syndicate pools money from several investors to invest in a specific start-up. For instance, if a VC fund wants to invest ...