Sushanto Mitra (Lead Angels)
Overview
Sushanto Mitra is a prominent figure in the Indian startup ecosystem, primarily known as the Founder and CEO of Lead Angels, India's first privately owned angel network. Lead Angels is renowned for its role in facilitating early-stage investments and offering comprehensive support to startups in India. With over 15 years of experience in the startup ecosystem, Sushanto has significantly contributed to the financial services and angel investing sectors. Prior to Lead Angels, he held pivotal roles at Hyderabad Angels and the Society for Innovation & Entrepreneurship (SINE) at IIT Bombay. Sushanto Mitra is also an influential speaker, often contributing his insights at industry events and through writings in business journals.
Recent Developments
- February 2024: Lead Angels announced an investment in Ghost Kitchens, part of a funding round that also included Dholakia Ventures. This investment highlights Lead Angels' focus on innovative sectors like cloud kitchens, which have been gaining traction in the evolving food service industry.
- June 2023: Lead Angels Network expanded its operations across geographies, increasing its member base to over 400 investors globally, which includes regions like the Middle East, Europe, and North America.
- March 2023: Sushanto Mitra was part of a panel discussion at an industry event where he emphasized the need for better regulatory frameworks for angel investing to enhance startup growth in India.
- 2023: The network has been active in dealing with startups affected by the COVID-19 pandemic by offering tailored advisory services to help navigate the challenges of disrupted marketplaces.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Sushanto Mitra |
| Nationality | Indian |
| Occupation | Entrepreneur, Angel Investor |
| Known For | Founding Lead Angels |
| Education | BA (Mathematics) St. Stephen's College, MBA Lucknow University |
Early Life and Education
Sushanto Mitra was born in India and grew up in a middle-class family in Delhi. He pursued his undergraduate education in mathematics at St. Stephen's College, Delhi, one of India’s most prestigious institutions. Subsequently, he completed his MBA from Lucknow University, equipping him with a strong educational foundation in both quantitative and business disciplines. Initially, Sushanto ventured into the financial services sector, holding various roles, including consulting positions. His early career experiences laid the groundwork for his eventual foray into the startup and angel investing landscape, shaping his understanding of business development and investment strategies.
Career and Notable Achievements
- Founder & CEO, Lead Angels (2014-Present): Instrumental in establishing Lead Angels Network, which has completed over 80 investments and facilitated numerous exits.
- Director, Hyderabad Angels (2012-2013): Focused on fostering early-stage investments and mentoring startups.
- Founding CEO, Society for Innovation & Entrepreneurship (SINE) at IIT Bombay: Played a critical role in supporting and nurturing young entrepreneurs and emerging businesses.
- Notable Investments:
- SuprDaily, acquired by Swiggy.
- Planet SuperHeroes, driving innovation in the retail space.
- Publications & Speaking Engagements: Sushanto has also penned articles and participated in various forums, advocating for increased support and regulatory improvements in the startup ecosystem.
Current Work and Impact
Currently, Sushanto Mitra continues to lead Lead Angels as it expands its operations and investment portfolio. He champions a holistic approach to supporting startups, integrating financial services, advisory functions, and professional guidance. His work has a profound impact not only on the startups themselves but also on the broader entrepreneurial ecosystem by stimulating innovation and fostering sustainable business models.
Dholakia Ventures
Dholakia Ventures is one of the significant collaboration partners of Lead Angels, working closely in various funding rounds, including the recent Ghost Kitchens investment. This partnership exemplifies the collaborative efforts among angel networks and venture capitalists to bolster the Indian startup segment.
Mumbai Angels
Mumbai Angels is another notable angel investment group in India, often mentioned alongside Lead Angels in industry discussions. Mumbai Angels, established in 2006, has become a formidable presence in India's investment scene, often collaborating with Lead Angels on diverse projects.
Conclusion
Sushanto Mitra’s contributions to the startup ecosystem in India are indispensable. Through Lead Angels, he has shown steadfast commitment to nurturing nascent companies and supporting them through comprehensive financial services and advisory roles. His influence extends beyond investments, as he actively participates in dialogues that aim to improve the investment landscape for startups. Sushanto’s work continues to inspire emerging entrepreneurs and investors, solidifying his legacy in the Indian entrepreneurial realm.