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

Angel investor · Mumbai, India

Aniruddha Malpani.

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 PATTERN2006–2026
93%

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

First investment stage across 30 companies23 Seed, 5 Angel and 2 other-stage entries. Each dot represents one company.
Seed 23Angel 5Other 2

One dot = one company at first recorded investment.

30 companies · 48 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 03 Jan 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

Aniruddha Malpani has dated investments in 30 companies. 28 first entries were at Angel, Pre-Seed or Seed (93.3%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.

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02

Separate activity from reputation

0 first company relationships appear in the latest 24 months, compared with 3 in the preceding window. The latest recorded investment is 2025-01-03. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

17 of 30 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.

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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. 14 first entries carry a recorded lead flag and the median first-round syndicate includes 10.5 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

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01 / THE READOUT

Four signals before you pitch.

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

01 — ROUND CONTEXT
$236K–$567K

The middle half of entry rounds

25th–75th percentile across 29 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 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
57%

Another equity round within 24 months

17 of 30 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
33%

This investor invested again within 24 months

10 of the same 30 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.

30matching companies
$287Kmedian first round (29 disclosed)
0first backed in last 24 months

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

Seed

Mestastop ↗

Developer of cell-based functional assays for cancer metastasis focused drug discovery and predictive diagnostics

$132K total first round
Seed

IntelloSync ↗

AI powered legal contract management software

$132K total first round
Seed

Nexxio ↗

Provider of a SaaS platform for sales and distribution network management

$375K 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
HealthTech6
Retail Tech5
Life Sciences4
Healthcare IT4
Medical Devices3
Internet First Brands3
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
$199K$157K–$261K
Seed22 disclosed
$328K$253K–$500K
Series A2 disclosed
$1.2M$901K–$1.6M
$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.

30
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
56.7%
17 of 30 companies

Backed again by this investor

A subset of the companies above
33.3%
10 of 30 companies
i

Includes first investments on or before 22 May 2024. 0 newer companies and 1 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
Angel54 / 54 / 5
Seed2312 / 236 / 23
Series A21 / 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
FIRM

Malpani Ventures

11 shared rounds · 9 companies

Latest shared round Jun 2024
02
FIRM

Solidarity

10 shared rounds · 9 companies

Latest shared round Jan 2025
03
FIRM

1Crowd

6 shared rounds · 4 companies

Latest shared round Jan 2020
04
FIRM

Italica

5 shared rounds · 3 companies

Latest shared round Jan 2020
05
ANGEL

Manish Gupta ↗

5 shared rounds · 4 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.

30 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Mestastop ↗Bengaluru
May 2024Seed$132KNo later round recorded
Dec 2023Seed$132KNo later round recorded
Nexxio ↗Bengaluru
Jul 2023Seed$375KYes · Jan 2025
May 2022Seed$485KYes · Aug 2023
Jan 2022Seed$505KYes · Jun 2024
DUX ↗Bengaluru
Jan 2022Seed$203KNo later round recorded
Feb 2021Seed$1.4MNo later round recorded
Biomoneta ↗Bengaluru
Jun 2020Seed$567KNo later round recorded
May 2020Seed$370KNo later round recorded
Jan 2020Seed$1.3MNo later round recorded
Nov 2019Seed$583KYes · Apr 2021
Oct 2019Seed$261KNo later round recorded
Sep 2018Series A$1.9MNo later round recorded
May 2018Seed$278KYes · Apr 2020
Jan 2018Series A$568KNo later round recorded
Mar 2017Seed$250KYes · May 2019
Sep 2016Seed$236KYes · Jun 2017
Mar 2016Angel$261KYes · Jun 2017
DoSelect ↗Bengaluru
Feb 2016Seed$473KNo later round recorded
AddoDoc ↗Bengaluru
Feb 2016Seed$287KNo later round recorded
Aug 2015Seed$452KNo later round recorded
Aug 2015Angel$157KYes · Apr 2016
Jun 2015Seed$261KNo later round recorded
Jun 2015Seed$261KNo later round recorded
Urjas ↗Mumbai
Mar 2015Seed$100KNo later round recorded
Dec 2014SeedUndisclosedYes · Oct 2015
Nov 2014Angel$114KYes · Aug 2015
Feb 2010Angel$199KYes · Aug 2010
Mar 2009Seed$1.1MNo later round recorded
IKS Health ↗Navi Mumbai
Nov 2006Angel$5.2MYes · Feb 2009
1 more companies have undated investments

Kept in the 30-company portfolio; excluded from entry-timing calculations.

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