TechCrunch March 18, 2014
Entrepreneurs in India’s nascent but fast growing startup ecosystem are realizing that getting an early investor who appreciates their idea is increasingly becoming difficult. Sometimes it’s even tougher than finding their first paying customer.
While there are active angel networks in the country, the early money and guidance is never enough for startups attempting to get the best deals on funding and access to newer markets.
Globevestor, an equity crowdfunding site launched in February this year, aims to change that by helping investors in the U.S. connect with entrepreneurs looking to raise money in the emerging markets — very similar to how a Funderclub or an AngelList would work, except that it’s cross-border and the focus is only on the developing world.