AngelList launches Syndicates for Indian startups

AngelList has launched syndicates for the Indian market.
Syndicates are a private single-deal investment vehicles that let you invest in startup allocations shared by syndicate leads, enabling more angels to participate by getting access to top deals.
Similar to a VC fund, syndicates provide experienced investors the opportunity to earn carried interest on their allocation, and the ability to write bigger checks by pooling capital from dozens of backers in the ecosystem.
Traditionally, an angel investor with conviction may write a single 10L cheque to a startup. With syndicates, that same investor can lead a syndicate and pool more capital from dozens of value-add backers who can help the company—all while having only one name added to the cap table.