Speaking about why they chose to invest, Chandrakiran Mallarapu of Hyderabad Angels said, “Green India has a great team, a very unique value proposition, and a huge market to go after.” Hyderabad Angels previously invested 25 lakhs in Green India.
The investment is led by Sashi Reddi of AppLabs fame, and includes other industry veterans like Srini Koppolu ( Ex-Microsoft India MD ), BVR Mohan Reddy ( MD, Infotech Enterprise ) and J A Chowdary ( Ex-Nvidia Graphics MD ).
Hyderabad Angels have made 3 investments so far, out of which 2 are disclosed. They have also invested in RFID products company Identis Technologies.
Hyderabad Angels plan to make 5 – 10 investments in 2012. Typical deal size is 2 – 4 crores.
Do visit http://www.gibss.in