Organized angel investor networks in India largely work in isolation but that seems to be changing. Some of the country’s top angel networks have come together to form an association dubbed the Angel Association of India (AAI). The outfit was formally instituted on November 21 in a closed door meeting on the sidelines of the recently concluded Asian Business Angel Forum in Mumbai. The leading members of the association include Indian Angel Network (IAN), Mumbai Angels, Chennai Angels, Hyderabad Angels and Harvard Business Angels, among others.

“We’re still early into articulating the operating guidelines for the association. However, this association gives us a country-level platform to address some of the key issues that affect angel investments,” IAN president Padmaja Ruparel toldStartupCentral.