The Chennai Angels invests in Hourglass Design Pvt Ltd

Chennai, 29th December 2016

The Chennai Angels invests in Hourglass Design Pvt Ltd
The Chennai Angels (TCA) are proud to announce an investment in Hourglass Design Pvt Ltd, (amount undisclosed) ( engaged in research, product design & manufacturing of Lifestyle, Home Décor and Home Ware products using versatile materials and techniques.

“The Postbox is a unique venture that offers online, elegantly designed products using innovative materials at affordable prices . TCA is delighted to support and mentor the two young and talented founders as they scale up their business and build the brand Postbox to greater heights " said Mr. P. Elango who lead the investment from The Chennai Angels.

“It has been an incredible journey over the last two years, researching; designing and launching products for the Indian market. We’re looking forward to the mentorship and guidance TCA can offer as we build and scale what we have been doing and aspire to do through the coming years”. said Mr. Nikhil Joseph of Hourglass Design Pvt Ltd,

Hourglass Design Pvt Ltd is a niche product design firm from Chennai, India with a vision to stand out in terms of utility, design sensibility and material innovation coupled with contemporary relevance. Inspired by the cultures and subcultures of India, Hourglass Design Private Limited through its platform – plans to create products in Lifestyle & Home products and from there on scale horizontally over time. With a core team of 7 and a service team of 5, Hourglass Design Private Limited sells their products online - pan India. Delhi NCR & Mumbai account for more than 50% of it’s revenue which was over 1.5 crores in it’s first financial year of operations. They plan to use the money to expand their Product line, Marketing & Team.

The Chennai Angels (TCA, is one of India’s most active angel investing groups. Founded in the year 2007, it is comprised of successful entrepreneurs and business leaders with a track record of starting and scaling large enterprises. Additionally, several seed and venture capital firms hold institutional membership in the group. Though it is located in Chennai, TCA’s investing members and portfolio investments are not limited by geography. Unusually for an angel investing group, TCA has a diversified portfolio that goes well beyond a restrictive tech focus, reflecting the diversity of its members’ interests. TCA portfolio companies benefit from the collective expertise and rolodex of its members.