INVESTOR NOTES / 001ANGEL INVESTOR / Bengaluru, India
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Bengaluru, India

Ananda Kallugadde.

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 PATTERN2014–2026
83%

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

First investment stage across 35 companies27 Seed, 2 Angel and 6 other-stage entries. Each dot represents one company.
Seed 27Angel 2Other 6

One dot = one company at first recorded investment.

35 companies · 46 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Mar 2020
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

Ananda Kallugadde has dated investments in 35 companies. 29 first entries were at Angel, Pre-Seed or Seed (82.9%). 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

0 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2020-03-28. 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 35 companies with a full 24-month observation window raised another equity round. This investor backed 10 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

Retail Tech is the largest displayed sector by company count, appearing in 10 portfolio companies; sector tags overlap. 9 first entries carry a recorded lead flag and the median first-round syndicate includes 37 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
$310K–$951K

The middle half of entry rounds

25th–75th percentile across 33 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
0companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
60%

Another equity round within 24 months

21 of 35 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
29%

This investor invested again within 24 months

10 of the same 35 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.

35matching companies
$437Kmedian first round (33 disclosed)
0first backed in last 24 months

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

Seed

MIMYK ↗

Developer of next generation haptic endoscopy simulators

$292K total first round
Series A

Chakr Innovations ↗

Provider of cleantech solutions for emission control and clean air

$2.7M total first round
Seed

Artivatic ↗

AI-based software suite for financial institutions

$429K 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
Retail Tech10
B2C E-Commerce9
Commerce Enablers4
E-Commerce Enablers4
Life Sciences3
FinTech3
Artificial Intelligence3
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
Angel1 disclosed
$81K$81K–$81K
Seed26 disclosed
$393K$308K–$472K
Series A4 disclosed
$2.1M$1.4M–$3.6M
$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.

35
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
60%
21 of 35 companies

Backed again by this investor

A subset of the companies above
28.6%
10 of 35 companies
i

Includes first investments on or before 22 May 2024. 0 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
Angel21 / 21 / 2
Seed2717 / 279 / 27
Series A41 / 40 / 4
Series B22 / 20 / 2
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
ANGEL

Raman Roy ↗

24 shared rounds · 18 companies

Latest shared round Mar 2020
02
FIRM

Indian Angel Network

20 shared rounds · 20 companies

Latest shared round Mar 2020
04
FIRM

Pragnya

17 shared rounds · 12 companies

Latest shared round Apr 2019
05
ANGEL

Manoj Aheeray ↗

16 shared rounds · 10 companies

Latest shared round Mar 2018
06
ANGEL

Sanjai Vohra ↗

13 shared rounds · 9 companies

Latest shared round Jun 2017

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.

35 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
MIMYK ↗Bengaluru
Mar 2020Seed$292KNo later round recorded
Apr 2019Series A$2.7MNo later round recorded
Artivatic ↗Bengaluru
Dec 2018Seed$429KNo later round recorded
Jun 2018Series A$6.3MNo later round recorded
Oct 2017Seed$226KNo later round recorded
Sep 2017Seed$320KNo later round recorded
Apr 2017Seed$375KYes · Nov 2017
Mar 2017Seed$310KYes · Mar 2018
Dec 2016Seed$408KYes · Jul 2018
Fynd ↗Mumbai
Nov 2016Series B$4.5MNo later round recorded
Sep 2016Series A$951KNo later round recorded
Jul 2016Seed$471KNo later round recorded
NewsBytes ↗Singapore
Apr 2016Seed$142KNo later round recorded
MyGubbi ↗Bengaluru
Mar 2016Seed$2.5MYes · Oct 2017
Mar 2016Angel$81KYes · Apr 2016
Mar 2016Seed$526KNo later round recorded
Unbxd ↗San Mateo
Mar 2016Series B$3.7MNo later round recorded
Feb 2016Seed$368KYes · Apr 2017
Transcell ↗Hyderabad
Feb 2016Seed$377KYes · Apr 2017
Jan 2016Seed$1.0MNo later round recorded
Nov 2015Seed$1.0MYes · Jun 2017
Nov 2015Seed$469KNo later round recorded
Oct 2015AngelUndisclosedNo later round recorded
Qbit ↗Mumbai
Oct 2015Seed$307KNo later round recorded
RepUp ↗Gurugram
Oct 2015Seed$437KNo later round recorded
Saahas ↗Bengaluru
Aug 2015Seed$267KYes · Jul 2016
Jun 2015Series A$1.6MNo later round recorded
May 2015SeedUndisclosedNo later round recorded
May 2015Seed$603KNo later round recorded
Apr 2015Seed$184KNo later round recorded
Apr 2015Seed$483KNo later round recorded
Jan 2015Seed$472KNo later round recorded
Oct 2014Seed$186KNo later round recorded
Tattva Spa
Sep 2014Seed$319KNo later round recorded
Sep 2014Seed$439KYes · Aug 2015
0 more companies have undated investments

Kept in the 35-company portfolio; excluded from entry-timing calculations.

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