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

Angel investor · Bengaluru, India

Anup Pai.

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 PATTERN2017–2026
100%

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

First investment stage across 6 companies1 Seed, 5 Angel and 0 other-stage entries. Each dot represents one company.
Seed 1Angel 5Other 0

One dot = one company at first recorded investment.

6 companies · 8 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 22 Jan 2021
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

Anup Pai has dated investments in 6 companies. 6 first entries were at Angel, Pre-Seed or Seed (100.0%). 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 0 in the preceding window. The latest recorded investment is 2021-01-22. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

5 of 6 companies with a full 24-month observation window raised another equity round. This investor backed 2 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

FinTech is the largest displayed sector by company count, appearing in 2 portfolio companies; sector tags overlap. 4 first entries carry a recorded lead flag and the median first-round syndicate includes 1 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
$45K–$99K

The middle half of entry rounds

25th–75th percentile across 6 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
83%

Another equity round within 24 months

5 of 6 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

2 of the same 6 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.

6matching companies
$71Kmedian first round (6 disclosed)
0first backed in last 24 months

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

Seed

FinBox ↗

Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending

$307K 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.
SectorAngelSeedAll stages
FinTech2
Equity Research Platforms1
Investment Tech1
Alternative Lending1
Artificial Intelligence1
Banking Tech1
Cloud Banking1
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
$51K$43K–$91K
Seed1 disclosed
$307K$307K–$307K
$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.

6
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
83.3%
5 of 6 companies

Backed again by this investor

A subset of the companies above
33.3%
2 of 6 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
Angel54 / 52 / 5
Seed11 / 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
ANGEL

Abhishek Raj

2 shared rounds · 1 companies

Latest shared round May 2018
02
ANGEL

Harsha Medigeshi

2 shared rounds · 2 companies

Latest shared round May 2020
03
ANGEL

Ravi Kumar H C

2 shared rounds · 2 companies

Latest shared round May 2020
04
ANGEL

Sachidananda Bhat

2 shared rounds · 2 companies

Latest shared round May 2020
05
ANGEL

Sahana Jayaprakash

2 shared rounds · 2 companies

Latest shared round May 2020
06
ANGEL

Amit Sareen

1 shared rounds · 1 companies

Latest shared round May 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.

6 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jan 2021Angel$91KNo later round recorded
May 2020Angel$101KNo later round recorded
FinBox ↗Bengaluru
Aug 2019Seed$307KNo later round recorded
Changepay ↗Bengaluru
Jun 2019Angel$43KYes · May 2020
Winkl ↗Bengaluru
Jun 2018Angel$31KNo later round recorded
Trillbit ↗Bengaluru
Aug 2017Angel$51KYes · May 2018
0 more companies have undated investments

Kept in the 6-company portfolio; excluded from entry-timing calculations.

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