INVESTOR NOTES / 001ANGEL INVESTOR / , Singapore
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Singapore

Ashish Kacholia.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

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THE ENTRY PATTERN2014–2026
27%

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

First investment stage across 48 companies9 Seed, 4 Angel and 35 other-stage entries. Each dot represents one company.
Seed 9Angel 4Other 35

One dot = one company at first recorded investment.

48 companies · 67 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 11 May 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 Kacholia has dated investments in 48 companies. 13 first entries were at Angel, Pre-Seed or Seed (27.1%). 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

20 first company relationships appear in the latest 24 months, compared with 18 in the preceding window. The latest recorded investment is 2026-05-11. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

18 of 28 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 7 portfolio companies; sector tags overlap. 27 first entries carry a recorded lead flag and the median first-round syndicate includes 5.5 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
$2.4M–$12M

The middle half of entry rounds

25th–75th percentile across 45 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
20companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 18 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
64%

Another equity round within 24 months

18 of 28 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
36%

This investor invested again within 24 months

10 of the same 28 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.

48matching companies
$4.8Mmedian first round (45 disclosed)
20first backed in last 24 months

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

Series D

Wingreens World ↗

Online retailer of better-for-you food and beverage products

$13M total first round
Seed

Xovian Aerospace ↗

Operator of radio frequency satellites providing signal-based intelligence and monitoring

$2.0M 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-Commerce7
Internet First Brands6
Retail Tech6
Life Sciences5
FinTech5
Travel and Hospitality Tech4
SCM Software4
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
Angel4 disclosed
$1.4M$374K–$4.8M
Seed9 disclosed
$2.0M$1.9M–$3.9M
Series A13 disclosed
$4.7M$2.5M–$6.1M
$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.

28
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
64.3%
18 of 28 companies

Backed again by this investor

A subset of the companies above
35.7%
10 of 28 companies
i

Includes first investments on or before 22 May 2024. 20 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 / 20 / 2
Seed31 / 31 / 3
Series A98 / 96 / 9
Series B65 / 61 / 6
Series C21 / 21 / 2
Series D00 / 00 / 0
Series E+11 / 10 / 1
PE10 / 10 / 1
Post-IPO30 / 30 / 3
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
ANGEL

Varun Vakil

6 shared rounds · 2 companies

Latest shared round Oct 2024
06
FIRM

Castle Investment And Industries

4 shared rounds · 3 companies

Latest shared round Jan 2025

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.

48 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
May 2026Series D$13MNo later round recorded
Apr 2026Seed$2.0MNo later round recorded
Mar 2026Seed$760KNo later round recorded
Feb 2026Seed$4.8MNo later round recorded
Jan 2026Series A$10MNo later round recorded
Jan 2026Seed$3.9MNo later round recorded
Oct 2025Series A$6.1MNo later round recorded
Beroe ↗Raleigh
Sep 2025Series B$34MNo later round recorded
Aug 2025Series BUndisclosedNo later round recorded
Jan 2025Series A$5.9MNo later round recorded
Jan 2025Seed$1.9MNo later round recorded
Jan 2025Series E+$222MYes · Nov 2025
Dec 2024Series A$20MNo later round recorded
Janitri ↗Bengaluru
Nov 2024Angel$415KYes · Apr 2025
ESDS ↗Nashik
Oct 2024Series B$9.0MNo later round recorded
Mihup ↗Kolkata
Sep 2024Series B$5.9MNo later round recorded
Sep 2024Seed$2.4MNo later round recorded
QNu Labs ↗Bengaluru
Sep 2024Angel$2.4MNo later round recorded
Aug 2024Series B$33MNo later round recorded
Jun 2024Post-IPO$4.8MNo later round recorded
Mar 2024Series A$5.2MYes · Dec 2025
EUME ↗Mumbai
Mar 2024Series A$1.8MNo later round recorded
Jan 2024Series B$9.8MNo later round recorded
Dec 2023Post-IPO$13MNo later round recorded
BigHaat ↗Bengaluru
Dec 2023Series B$8.4MNo later round recorded
Orbis ↗Gurugram
Dec 2023Angel$12MNo later round recorded
Aloha ↗Mumbai
Nov 2023Angel$252KNo later round recorded
Nov 2023Series BUndisclosedNo later round recorded
Aug 2023Series A$12MNo later round recorded
Aug 2023Post-IPOUndisclosedNo later round recorded
Jun 2023Series E+$68MNo later round recorded
Jun 2023Series A$4.7MYes · Sep 2024
Mar 2023Series C$27MYes · Sep 2024
Pee Safe ↗Gurugram
Jan 2023Series B$4.8MNo later round recorded
Nov 2022Series A$2.5MYes · Sep 2023
Sep 2022Series C$12MYes · Oct 2025
Aug 2022Series A$2.5MYes · Sep 2023
Jun 2022Seed$358KNo later round recorded
EffiGO ↗Bengaluru
May 2022Series A$1.8MYes · Apr 2024
May 2022Series B$3.5MYes · Apr 2024
Jan 2022Series A$1.4MYes · May 2022
Dec 2021Series B$6.0MNo later round recorded
Apr 2021Series A$4.3MNo later round recorded
Apr 2021Unattributed$4.3MYes · Aug 2022
Jun 2018PE$1.0MNo later round recorded
May 2018Seed$2.0MYes · May 2020
Apr 2018Post-IPO$13MNo later round recorded
MLR Auto ↗Hyderabad
Mar 2014Seed$5.6MNo later round recorded
0 more companies have undated investments

Kept in the 48-company portfolio; excluded from entry-timing calculations.

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