Mumbai, Apr 16 (IBNS) Indian Angel Network (IAN), India's leading group of angel investors has made a Rs. 2 crore angel investment in Birds Eye Systems, a Mumbai-based intelligent traffic monitoring solutions venture.
The company, promoted by Brijraj Vaghani and Ravi Khemani, with valuable work experience in the US wireless and internet industry, had earlier received small funding from the Centre for Innovation, Incubation and Entrepreneurship (CIIE).
Brijraj Vaghani co-founder of Birds Eye Systems said, "We approached IAN for investment as it brings a refreshing approach to early-stage investing with a quick response time. IAN members' vast experience, strategic value-adds and their extensive network has begun to benefit Birds Eye Systems. This strategic and professional investment into Birds Eye, will increase the brand, credibility and value of our Company."