Industry News

IAN to Increase its Investments Across IoT, Agriculture and Other Sectors in 2017

India: New Delhi-based angel investor network, IAN, is looking forward to rise its investments across the diverse sectors such as IoT, healthcare,agriculture, etc. to keep up with its theme of being sector-agnostic. The investments are expected to be announced during the first week of 2017.

The cofounder of IAN, Padmaja Ruparel, stated that the company is ready to sign the termsheets in these sectors for enabling the investments during next year. In 2016, the company has enabled investments across various stem cell research, virtual reality, clinical drug trial, etc. companies.

IAN aims in spreading its risk factor and build a high return portfolio through investments across these diverse sectors to stay ahead of its competitors.  

TechSci Research depicts that these increasing investments across diverse sectors such as IoT, healthcare, agriculture, etc. will help the company in strengthening its position across its competitors and will also help IoT market to grow in the country.

According to the recent report published by TechSci Research, “India Internet of Things (IoT) Market Forecast & Opportunities, 2020”, IoT market in India is projected to grow at a CAGR over 28% during 2015- 2020. IoT is being rapidly brought into use across diverse industry verticals to reduce operational and manpower costs, and increase operational efficiency. Consumer electronics, automotive & transportation, BFSI, home & building, energy & utilities, retail, supply chain & logistic sectors, and manufacturing are the key emerging application areas where IoT technology is majorly being adopted. However, India’s IoT market is highly fragmentedwith numerous players operating across the value chain.

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