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

Angel investor · Mumbai, India

Arihant Patni ..

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 PATTERN2012–2026
74%

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

First investment stage across 42 companies29 Seed, 2 Angel and 11 other-stage entries. Each dot represents one company.
Seed 29Angel 2Other 11

One dot = one company at first recorded investment.

42 companies · 59 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Feb 2026
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

Arihant Patni . has dated investments in 42 companies. 31 first entries were at Angel, Pre-Seed or Seed (73.8%). 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

2 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2026-02-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

22 of 40 companies with a full 24-month observation window raised another equity round. This investor backed 9 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 12 portfolio companies; sector tags overlap. 5 first entries carry a recorded lead flag and the median first-round syndicate includes 13 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
$280K–$2.3M

The middle half of entry rounds

25th–75th percentile across 40 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
2companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
55%

Another equity round within 24 months

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

Follow the path ↗
04 — REPEAT BACKING
23%

This investor invested again within 24 months

9 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.

42matching companies
$678Kmedian first round (40 disclosed)
2first backed in last 24 months

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

Series E+

Innoviti ↗

Provider of payment and revenue assurance software for retail businesses

$11M total first round
Seed

FAE Beauty ↗

Online retailer of cosmetic products including makeup and skincare items

$2.0M total first round
Seed

HyugaLife ↗

Provider of an e-commerce platform that sells authentic health and wellness products

$5.0M 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-Commerce12
Retail Tech11
Internet First Brands6
FinTech5
HealthTech5
Travel and Hospitality Tech4
EdTech4
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
Angel2 disclosed
$325K$288K–$363K
Seed28 disclosed
$492K$241K–$1.2M
Series A8 disclosed
$7.8M$2.1M–$18M
$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
55%
22 of 40 companies

Backed again by this investor

A subset of the companies above
22.5%
9 of 40 companies
i

Includes first investments on or before 22 May 2024. 2 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
Seed2818 / 287 / 28
Series A92 / 91 / 9
Series E+00 / 00 / 0
Unattributed11 / 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

RAAY Global Investments

14 shared rounds · 8 companies

Latest shared round Jan 2016
03
ANGEL

Nitin Agarwal ↗

11 shared rounds · 7 companies

Latest shared round Feb 2016
04
ANGEL

Amit Patni ↗

9 shared rounds · 7 companies

Latest shared round Aug 2015
05
ANGEL

Vikas Kapoor ↗

9 shared rounds · 4 companies

Latest shared round Jan 2016
06
FIRM

Singapore Angel Network

7 shared rounds · 4 companies

Latest shared round Sep 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.

42 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Innoviti ↗Bengaluru
Feb 2026Series E+$11MNo later round recorded
Nov 2025Seed$2.0MNo later round recorded
Jun 2023Seed$5.0MNo later round recorded
Innovist ↗Gurugram
Apr 2022Seed$3.5MNo later round recorded
MathCo ↗Bengaluru
Jan 2022Series A$50MNo later round recorded
May 2019Series A$11MNo later round recorded
Sanskriti ↗Bengaluru
Aug 2018Seed$282KNo later round recorded
Apr 2018Series A$4.0MNo later round recorded
Yulu ↗Bengaluru
Dec 2017Seed$2.6MNo later round recorded
TAO ↗Bengaluru
Nov 2017Seed$1.4MYes · Dec 2018
Nov 2017Series AUndisclosedNo later round recorded
Jun 2017Series A$18MNo later round recorded
Jun 2017Series A$18MNo later round recorded
Niki ↗Bengaluru
Apr 2017Series A$2.0MYes · Apr 2018
PlexusMD ↗Ahmedabad
Jan 2016Seed$265KNo later round recorded
Jan 2016Angel$250KYes · Jan 2017
Jan 2016Seed$100KNo later round recorded
Bhive ↗Bengaluru
Sep 2015Seed$310KNo later round recorded
Sep 2015Angel$400KNo later round recorded
Fixy ↗Mumbai
Aug 2015Seed$83KNo later round recorded
Jun 2015Seed$473KNo later round recorded
Jun 2015Seed$1.5MNo later round recorded
May 2015Seed$169KYes · Jan 2016
Mar 2015Seed$350KYes · Feb 2016
Feb 2015Seed$1.1MYes · Sep 2017
Zapr ↗Gurugram
Feb 2015Seed$2.8MNo later round recorded
Nov 2014Seed$32KYes · Jun 2015
Nov 2014Seed$1.1MNo later round recorded
Oct 2014SeedUndisclosedNo later round recorded
Talview ↗San Mateo
Sep 2014Seed$659KNo later round recorded
Aug 2014Seed$82KYes · Apr 2015
Jul 2014Seed$75KNo later round recorded
May 2014Seed$320KYes · Mar 2015
Mar 2014Series A$754KNo later round recorded
Mar 2014Series A$2.2MNo later round recorded
Oct 2013Seed$511KNo later round recorded
Klip ↗Mumbai
Sep 2013Seed$83KNo later round recorded
May 2013Seed$515KYes · Apr 2014
Mar 2013Seed$275KNo later round recorded
Nov 2012Seed$671KNo later round recorded
Oct 2012Seed$887KNo later round recorded
Jul 2012Unattributed$685KNo later round recorded
0 more companies have undated investments

Kept in the 42-company portfolio; excluded from entry-timing calculations.

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