INVESTOR NOTES / 001ANGEL INVESTOR / Mumbai, India
Abhishek Agarwal
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Mumbai, India

Abhishek Agarwal.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

THE ENTRY PATTERN2015–2026
91%

of dated first investments
were at Angel, Pre-Seed or Seed

First investment stage across 43 companies34 Seed, 5 Angel and 4 other-stage entries. Each dot represents one company.
Seed 34Angel 5Other 4

One dot = one company at first recorded investment.

43 companies · 48 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 19 Jun 2025
THE FOUNDER’S BRIEF

Read the pattern before the pitch.

Written insights from the recorded portfolio, with the evidence linked below.

01

Start with the first entry

Abhishek Agarwal has dated investments in 43 companies. 39 first entries were at Angel, Pre-Seed or Seed (90.7%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

Explore the evidence ↗
02

Separate activity from reputation

3 first company relationships appear in the latest 24 months, compared with 6 in the preceding window. The latest recorded investment is 2025-06-19. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

21 of 40 companies with a full 24-month observation window raised another equity round. This investor backed 5 of those companies again within that window. The difference is a reason to research the wider syndicate, rather than assume the same investor will fund the next round.

Explore the evidence ↗
04

Use a specific point of relevance

B2C E-Commerce is the largest displayed sector by company count, appearing in 8 portfolio companies; sector tags overlap. 7 first entries carry a recorded lead flag and the median first-round syndicate includes 27 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$387K–$1.1M

The middle half of entry rounds

25th–75th percentile across 42 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
3companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 6 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
53%

Another equity round within 24 months

21 of 40 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
13%

This investor invested again within 24 months

5 of the same 40 companies. Build a financing plan around the wider investor market.

Explore co-investors ↗
02 / FIND YOUR FIT

Where does your company sit?

Choose your sector and stage to find
companies he first backed in that space.

YOUR COMPANY

A match means a recorded investment in this category. It does not establish current interest or availability.

43matching companies
$630Kmedian first round (42 disclosed)
3first backed in last 24 months

All sectors · All entry stages. Round amounts are total financing, in USD.

Angel

NODWIN Gaming ↗

Provider of gaming, esports, and youth entertainment intellectual properties and services

$2.3M total first round
Angel

Callmatic ↗

AI-powered voice call solutions

$100K total first round
Explore matching portfolio companies ↓

The sector × stage map

First investments · companies can appear in more than one sector
Number of first investments by sector and entry stage. Select a cell to explore companies.
SectorAngelSeedSeries AAll stages
B2C E-Commerce8
Retail Tech6
Travel and Hospitality Tech6
FinTech5
Auto Tech5
Commerce Enablers5
Fashion Tech4
03 / ROUND DESIGN

The round around the investor.

Use stage-specific financing ranges
to frame the size of your syndicate.

First-round size, by entry stage

USD · middle 50% and median
Angel5 disclosed
$191K$174K–$568K
Seed34 disclosed
$630K$456K–$806K
Series A2 disclosed
$4.4M$2.9M–$5.8M
$10K$100K$1M$10M

Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.

04 / WHAT HAPPENS NEXT

One investment. Two different paths.

A subsequent round and repeat backing
answer different fundraising questions.

40
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
52.5%
21 of 40 companies

Backed again by this investor

A subset of the companies above
12.5%
5 of 40 companies
i

Includes first investments on or before 22 May 2024. 3 newer companies and 0 undated histories are excluded. Follow-up stops at the dataset’s latest round on 22 May 2026. These observations do not measure returns or predict a company’s outcome.

See the stage-by-stage denominators +
First stageEligible companiesNext round ≤24 moSame investor again ≤24 mo
Angel31 / 30 / 3
Seed3318 / 334 / 33
Series A31 / 31 / 3
Series B11 / 10 / 1
05 / INVESTMENT RHYTHM

New names. Returning relationships.

Separate first investments from later
rounds in companies already backed.

New companiesRepeat rounds

*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.

06 / THE CO-INVESTOR MAP

Who else belongs on your research list?

Frequent shared rounds suggest a place
to investigate sector and stage alignment.

01
FIRM

Indian Angel Network

9 shared rounds · 8 companies

Latest shared round Jul 2018
02
ANGEL

Raman Roy ↗

9 shared rounds · 7 companies

Latest shared round Aug 2018
03
ANGEL

Akil Hirani ↗

7 shared rounds · 5 companies

Latest shared round Aug 2018
04
FIRM

Primarc

7 shared rounds · 6 companies

Latest shared round Dec 2016
06
ANGEL

Ashank Desai ↗

6 shared rounds · 4 companies

Latest shared round Aug 2018

Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.

07 / THE EVIDENCE

Explore the portfolio.

First investment comes first.
Amounts refer to that entry round.

43 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jun 2025Seed$1.1MNo later round recorded
Dec 2024Angel$2.3MNo later round recorded
Callmatic ↗Bengaluru
Aug 2024Angel$100KNo later round recorded
Feb 2024Seed$1.1MNo later round recorded
Jan 2024Seed$589KNo later round recorded
Aug 2023Seed$341KNo later round recorded
Volt ↗Bengaluru
Jun 2023Seed$1.5MNo later round recorded
Bidso ↗Bengaluru
Mar 2023Seed$1.5MNo later round recorded
Samaaro ↗Bengaluru
Oct 2022Seed$486KNo later round recorded
Dubverse ↗Gurugram
Apr 2022Seed$800KNo later round recorded
Mar 2022Seed$1.1MNo later round recorded
Dec 2021Seed$730KNo later round recorded
Dec 2021Seed$9.5MNo later round recorded
Jul 2021Seed$264KNo later round recorded
Jul 2021Seed$132KNo later round recorded
Jul 2021Seed$132KNo later round recorded
Mar 2021Series AUndisclosedNo later round recorded
Sporfy ↗Bengaluru
Feb 2021Angel$174KNo later round recorded
Styched ↗Bengaluru
Nov 2020Angel$568KNo later round recorded
Oct 2020Seed$4.0MNo later round recorded
Sep 2020Seed$623KNo later round recorded
Jan 2020Seed$649KNo later round recorded
Apr 2019Seed$575KYes · Apr 2020
Jul 2018Seed$808KNo later round recorded
Jul 2018Series A$1.5MNo later round recorded
Feb 2018Seed$722KNo later round recorded
Nov 2017Seed$221KNo later round recorded
Mar 2017Seed$638KNo later round recorded
Dec 2016Seed$1.1MYes · Sep 2017
Dec 2016Seed$367KNo later round recorded
Nov 2016Seed$307KYes · Aug 2018
Nov 2016Seed$750KNo later round recorded
Sep 2016Seed$748KNo later round recorded
Jul 2016Seed$620KNo later round recorded
Jun 2016Series A$7.3MYes · Nov 2017
Jun 2016Seed$447KNo later round recorded
6Degree ↗Bengaluru
Jun 2016Seed$611KNo later round recorded
Apr 2016Seed$303KYes · Dec 2016
Beacon ↗Gurugram
Mar 2016Angel$191KNo later round recorded
Mar 2016Seed$526KNo later round recorded
Unbxd ↗San Mateo
Mar 2016Series B$3.7MNo later round recorded
Jan 2016Seed$765KNo later round recorded
Apr 2015Seed$483KNo later round recorded
0 more companies have undated investments

Kept in the 43-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search Mumbai, India investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗