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

Angel investor · India

Ashish Gupta.

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
75%

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

First investment stage across 95 companies62 Seed, 9 Angel and 24 other-stage entries. Each dot represents one company.
Seed 62Angel 9Other 24

One dot = one company at first recorded investment.

95 companies · 125 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 06 Mar 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

Ashish Gupta has dated investments in 95 companies. 71 first entries were at Angel, Pre-Seed or Seed (74.7%). 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

9 first company relationships appear in the latest 24 months, compared with 20 in the preceding window. The latest recorded investment is 2026-03-06. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

60 of 86 companies with a full 24-month observation window raised another equity round. This investor backed 16 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

FinTech is the largest displayed sector by company count, appearing in 19 portfolio companies; sector tags overlap. 6 first entries carry a recorded lead flag and the median first-round syndicate includes 9 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
$600K–$4.0M

The middle half of entry rounds

25th–75th percentile across 93 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
9companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 20 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
70%

Another equity round within 24 months

60 of 86 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
19%

This investor invested again within 24 months

16 of the same 86 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.

95matching companies
$1.5Mmedian first round (93 disclosed)
9first backed in last 24 months

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

Series A

BabyMD ↗

Network of clinics providing pediatric care, vaccinations and child development services

$5.0M total first round
Seed

Axirium Aerospace ↗

Manufacturer of aerostructures and aero-engine components, offering machining and sub-assembly

$3.5M total first round
Series C

Petpooja ↗

All-in-one software powering SME growth with POS, payroll, and more

$16M 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
FinTech19
EdTech13
Retail Tech11
Auto Tech9
B2C E-Commerce9
Alternative Lending8
NBFC Lenders7
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
Angel9 disclosed
$182K$103K–$271K
Seed60 disclosed
$1.2M$597K–$2.6M
Series A16 disclosed
$5.8M$4.7M–$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.

86
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
69.8%
60 of 86 companies

Backed again by this investor

A subset of the companies above
18.6%
16 of 86 companies
i

Includes first investments on or before 22 May 2024. 9 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
Angel97 / 94 / 9
Seed5638 / 567 / 56
Series A159 / 153 / 15
Series B33 / 31 / 3
Series C11 / 10 / 1
Series E+11 / 10 / 1
Unattributed11 / 11 / 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.

02
FIRM

Accel

9 shared rounds · 8 companies

Latest shared round Aug 2022
03
ANGEL

Kunal Shah ↗

9 shared rounds · 9 companies

Latest shared round Dec 2022
04
FIRM

AdvantEdge

8 shared rounds · 7 companies

Latest shared round Feb 2024
05
FIRM

Angel List

8 shared rounds · 8 companies

Latest shared round Apr 2024
06
FIRM

Prime Venture Partners

8 shared rounds · 6 companies

Latest shared round Jul 2024

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.

95 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
BabyMD ↗Bengaluru
Mar 2026Series A$5.0MNo later round recorded
Nov 2025Seed$3.5MNo later round recorded
Petpooja ↗Ahmedabad
Sep 2025Series C$16MNo later round recorded
RISA Labs ↗Cambridge
Apr 2025Seed$3.5MNo later round recorded
Sep 2024Seed$1.2MNo later round recorded
Sep 2024Seed$262KNo later round recorded
Sep 2024Seed$1.2MNo later round recorded
Moonrider ↗Bengaluru
Jul 2024Seed$107KNo later round recorded
Digii ↗Bengaluru
Jul 2024Series B$2.1MNo later round recorded
May 2024Seed$2.0MNo later round recorded
Smylo ↗Gurugram
Apr 2024Seed$479KYes · Dec 2025
SBNRI ↗Gurugram
Apr 2024Angel$120KNo later round recorded
Feb 2024Seed$2.9MNo later round recorded
Jan 2024Seed$3.0MNo later round recorded
Jan 2024Seed$589KNo later round recorded
Sep 2023Seed$1.5MNo later round recorded
Trential ↗Gurugram
Jul 2023Seed$2.0MNo later round recorded
IHX ↗Bengaluru
Jun 2023Seed$2.6MNo later round recorded
Molequle ↗Gurugram
May 2023Seed$312KNo later round recorded
May 2023Seed$338KYes · Apr 2025
Dec 2022Angel$12KNo later round recorded
Dec 2022Seed$1.7MNo later round recorded
Cognida ↗Lincolnshire
Oct 2022Seed$4.7MNo later round recorded
Oct 2022Series A$15MNo later round recorded
Binocs ↗Bengaluru
Aug 2022Seed$4.0MNo later round recorded
Supernova ↗Bengaluru
Jul 2022Seed$1.1MNo later round recorded
Jun 2022Series C$50MNo later round recorded
Jun 2022Series A$14MNo later round recorded
NAKAD ↗Gurugram
May 2022Seed$7.0MNo later round recorded
Apr 2022Series A$5.6MNo later round recorded
Settlin ↗Bengaluru
Apr 2022Seed$1.0MNo later round recorded
Toddle ↗Bengaluru
Feb 2022Seed$2.6MYes · Apr 2022
Jan 2022Seed$3.0MNo later round recorded
Litifer ↗Gurugram
Jan 2022Seed$1.0MNo later round recorded
Dec 2021Series E+$160MNo later round recorded
Nov 2021Seed$3.1MNo later round recorded
Lysto ↗Singapore
Nov 2021Seed$3.0MNo later round recorded
Nov 2021Series B$14MYes · Dec 2022
Bzaar ↗Bengaluru
Sep 2021Seed$4.0MNo later round recorded
Kritsnam ↗Hyderabad
Aug 2021Seed$806KYes · Sep 2022
FrontRow ↗Bengaluru
Aug 2021Series A$14MNo later round recorded
Jul 2021Series A$15MNo later round recorded
Bhanzu ↗Hyderabad
Jul 2021Seed$2.2MNo later round recorded
Jul 2021Seed$3.0MNo later round recorded
TyrePlex ↗Gurugram
Jun 2021Seed$228KNo later round recorded
Jun 2021Series A$6.0MNo later round recorded
Jun 2021Seed$1.0MNo later round recorded
May 2021Series A$6.3MYes · Apr 2022
May 2021Seed$2.5MNo later round recorded
Novio ↗Mumbai
Apr 2021Seed$759KNo later round recorded
Apr 2021Seed$759KNo later round recorded
Zolve ↗Roseland
Feb 2021Seed$15MNo later round recorded
GTM Buddy ↗Hyderabad
Feb 2021Seed$2.0MNo later round recorded
EWar ↗Bengaluru
Dec 2020Seed$759KNo later round recorded
Nov 2020Angel$271KNo later round recorded
Oct 2020Series A$8.5MNo later round recorded
Uni Cards ↗Bengaluru
Oct 2020Seed$19MNo later round recorded
Terra.do ↗Stanford
Aug 2020Seed$1.4MNo later round recorded
Sunstone ↗Gurugram
Jul 2020Series A$3.2MNo later round recorded
Skit.ai ↗Bengaluru
Apr 2020Series A$5.1MYes · May 2023
Believe ↗Singapore
Mar 2020Series A$9.1MYes · Dec 2020
Slintel ↗San Francisco
Dec 2019Seed$1.5MNo later round recorded
Zingbus ↗Gurugram
Oct 2019Seed$395KYes · Jul 2020
Aug 2019SeedUndisclosedNo later round recorded
Fitso ↗Gurugram
Apr 2019Seed$1.5MNo later round recorded
TrueLark ↗Palo Alto
Mar 2019Seed$2.0MNo later round recorded
Mar 2019Angel$1.6MNo later round recorded
Dec 2018Seed$195KYes · Jul 2019
ITILITE ↗Claymont
Oct 2018Series A$4.6MYes · Apr 2020
Sep 2018Seed$131KNo later round recorded
Mar 2018Seed$148KNo later round recorded
Tracxn ↗Bengaluru
Dec 2017Series B$3.0MNo later round recorded
FoodYoga ↗Greensboro
Dec 2017Seed$1.2MYes · Jul 2019
IndiQube ↗Bengaluru
Sep 2017Angel$312KYes · Jun 2018
Minjar ↗Bengaluru
Jul 2017Series A$1.3MNo later round recorded
Apr 2017Seed$600KNo later round recorded
Apr 2017Seed$679KNo later round recorded
Mar 2017Angel$216KNo later round recorded
Beardo ↗Ahmedabad
Sep 2016Seed$500KNo later round recorded
Crofarm ↗Gurugram
Jul 2016Seed$1.5MNo later round recorded
Jun 2016Seed$1.0MYes · May 2019
May 2016SeedUndisclosedNo later round recorded
Nov 2015Seed$151KNo later round recorded
TeamIndus ↗Bengaluru
Mar 2015Seed$1.5MNo later round recorded
Jan 2015Angel$40KYes · Nov 2015
Tattva Spa
Sep 2014Seed$319KNo later round recorded
Sep 2013Seed$328KNo later round recorded
Mar 2013Unattributed$659KYes · May 2014
Dec 2009Series A$4.7MNo later round recorded
Jul 2009Angel$182KYes · Apr 2010
Perfios ↗Bengaluru
Jul 2009Angel$103KYes · Apr 2010
Flipkart ↗Bengaluru
Jun 2008Seed$800KNo later round recorded
Sep 2007Seed$1.0MYes · Sep 2009
Dec 2006Series B$13MNo later round recorded
Kaboodle ↗Sunnyvale
Apr 2006Series A$3.6MNo later round recorded
0 more companies have undated investments

Kept in the 95-company portfolio; excluded from entry-timing calculations.

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