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

Angel investor · Bengaluru, India

Ashish Goel.

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 PATTERN2020–2026
95%

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

First investment stage across 20 companies17 Seed, 2 Angel and 1 other-stage entries. Each dot represents one company.
Seed 17Angel 2Other 1

One dot = one company at first recorded investment.

20 companies · 25 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 25 Sep 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

Ashish Goel has dated investments in 20 companies. 19 first entries were at Angel, Pre-Seed or Seed (95.0%). 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 2 in the preceding window. The latest recorded investment is 2025-09-25. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

15 of 17 companies with a full 24-month observation window raised another equity round. This investor backed 4 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 7 portfolio companies; sector tags overlap. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 12 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
$745K–$4.1M

The middle half of entry rounds

25th–75th percentile across 20 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 2 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
88%

Another equity round within 24 months

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

Follow the path ↗
04 — REPEAT BACKING
24%

This investor invested again within 24 months

4 of the same 17 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.

20matching companies
$1.9Mmedian first round (20 disclosed)
3first backed in last 24 months

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

Seed

Recove ↗

Provider of pre-processed recycled plastic raw materials for the recycling industry

$597K total first round
Seed

ReplyAll ↗

Retailer of versatile apparel designed for seamless transitions between work and leisure

$794K total first round
Seed

Two Point O Capital ↗

Provider of financing solutions for energy transition projects and businesses

$6.3M 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 BAll stages
B2C E-Commerce7
Retail Tech6
Internet First Brands5
Energy Tech5
B2C Fashion E-Commerce4
Fashion Tech4
Internet First Fashion Brands4
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
$313K$266K–$360K
Seed17 disclosed
$2.3M$803K–$4.0M
Series B1 disclosed
$10M$10M–$10M
$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.

17
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
88.2%
15 of 17 companies

Backed again by this investor

A subset of the companies above
23.5%
4 of 17 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
Angel21 / 21 / 2
Seed1413 / 143 / 14
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

Angel List

5 shared rounds · 5 companies

Latest shared round May 2023
02
FIRM

Good Capital

5 shared rounds · 5 companies

Latest shared round May 2023
03
ANGEL

Rohit Kapoor ↗

4 shared rounds · 4 companies

Latest shared round Nov 2021
04
ANGEL

Kunal Bahl ↗

3 shared rounds · 3 companies

Latest shared round Mar 2022
05
ANGEL

Kunal Shah ↗

3 shared rounds · 3 companies

Latest shared round Sep 2024
06
FIRM

Logx Venture Partners

3 shared rounds · 2 companies

Latest shared round Mar 2022

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.

20 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Recove ↗Bengaluru
Sep 2025Seed$597KNo later round recorded
ReplyAll ↗Bengaluru
Jun 2025Seed$794KNo later round recorded
Sep 2024Seed$6.3MNo later round recorded
NewTrace ↗Bengaluru
May 2023Seed$5.7MNo later round recorded
May 2023Seed$1.2MNo later round recorded
LimeChat ↗Bengaluru
Mar 2022Seed$4.2MNo later round recorded
Feb 2022Seed$262KNo later round recorded
Turno ↗Bengaluru
Feb 2022Seed$3.1MYes · Jun 2022
Upswing ↗Bengaluru
Dec 2021Seed$4.0MNo later round recorded
Nov 2021Seed$803KNo later round recorded
Nov 2021Seed$3.0MNo later round recorded
Sep 2021Seed$4.0MNo later round recorded
Wiingy ↗Bengaluru
Sep 2021Angel$406KNo later round recorded
Sep 2021Seed$4.7MNo later round recorded
MoEving ↗Gurugram
Aug 2021Seed$1.5MYes · Nov 2021
Aug 2021Series B$10MNo later round recorded
Fixcraft ↗Gurugram
Jul 2021Seed$1.0MNo later round recorded
Tatsam ↗Gurugram
Jun 2021Angel$219KYes · May 2022
BlissClub ↗Bengaluru
Apr 2021Seed$2.3MNo later round recorded
Mokobara ↗Bengaluru
Mar 2020Seed$313KYes · Mar 2021
0 more companies have undated investments

Kept in the 20-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

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