According to this article in the Business Standard, angel investors’ groups Indian Angel Network (IAN) and Mumbai Angels are planning to make several new investments in the coming months. Indian Angel Network is planning investments in two more companies and is also planning on forming a fund versus the current practice of just individual investments. Meanwhile, Mumbai Angels will be shortly making four more investments in the Internet, travel, manufacturing and software space. The target is to do do 10 deals by the end of the year.