An angel investor (also known as a private investor, seed investor or angel funder) is a high-net-worth individual who provides financial backing for small start-ups or entrepreneurs, typically in exchange for ownership equity in the company.
source https://www.caclubindia.com/articles/angel-investors-and-concept-of-angel-taxation-under-it-act-1961-47137.asp
source https://www.caclubindia.com/articles/angel-investors-and-concept-of-angel-taxation-under-it-act-1961-47137.asp
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