INVESTOR NOTES / 001ANGEL INVESTOR / Delhi, India
Ashneer Grover
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Delhi, India

Ashneer Grover.

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
80%

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

First investment stage across 50 companies23 Seed, 17 Angel and 10 other-stage entries. Each dot represents one company.
Seed 23Angel 17Other 10

One dot = one company at first recorded investment.

50 companies · 51 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 27 Feb 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

Ashneer Grover has dated investments in 50 companies. 40 first entries were at Angel, Pre-Seed or Seed (80.0%). 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

1 first company relationships appear in the latest 24 months, compared with 6 in the preceding window. The latest recorded investment is 2025-02-27. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

33 of 49 companies with a full 24-month observation window raised another equity round. This investor backed 1 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

B2C E-Commerce is the largest displayed sector by company count, appearing in 14 portfolio companies; sector tags overlap. 15 first entries carry a recorded lead flag and the median first-round syndicate includes 7 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
$132K–$2.9M

The middle half of entry rounds

25th–75th percentile across 46 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
1companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 6 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
67%

Another equity round within 24 months

33 of 49 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
2%

This investor invested again within 24 months

1 of the same 49 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.

50matching companies
$598Kmedian first round (46 disclosed)
1first backed in last 24 months

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

Seed

Lorien Finance ↗

Provider of a cross-border fintech platform offering education loans to students

$2.3M total first round
Angel

TigerPay ↗

Provider of application enabling card payments via smartphone as virtual terminal

Undisclosed total first round
Seed

ShipGlobal.in ↗

Provider of logistics services for international shipping and parcel delivery

Undisclosed 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-Commerce14
FinTech12
Retail Tech10
EdTech9
Internet First Brands8
Food & Beverage Products7
Alternative Lending5
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
Angel15 disclosed
$81K$70K–$132K
Seed21 disclosed
$1.4M$409K–$2.0M
Series A7 disclosed
$6.0M$3.8M–$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.

49
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
67.3%
33 of 49 companies

Backed again by this investor

A subset of the companies above
2%
1 of 49 companies
i

Includes first investments on or before 22 May 2024. 1 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
Angel179 / 170 / 17
Seed2217 / 221 / 22
Series A74 / 70 / 7
Series B22 / 20 / 2
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
ANGEL

Anupam Mittal ↗

12 shared rounds · 12 companies

Latest shared round May 2022
02
ANGEL

Kunal Shah ↗

11 shared rounds · 11 companies

Latest shared round Jan 2023
03
ANGEL

Peyush Bansal ↗

10 shared rounds · 10 companies

Latest shared round Jan 2023
04
FIRM

QED Innovation Labs

10 shared rounds · 10 companies

Latest shared round Jan 2023
05
ANGEL

Aman Gupta ↗

9 shared rounds · 9 companies

Latest shared round Apr 2022
06
FIRM

100Unicorns

5 shared rounds · 4 companies

Latest shared round Dec 2021

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.

50 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Lorien Finance ↗New York City
Feb 2025Seed$2.3MNo later round recorded
Jan 2024AngelUndisclosedNo later round recorded
May 2023SeedUndisclosedNo later round recorded
Zippee ↗Gurugram
Jan 2023Seed$1.6MNo later round recorded
Fello ↗Bengaluru
Jan 2023Series A$4.0MNo later round recorded
Jan 2023Seed$1.5MNo later round recorded
Dec 2022Seed$2.0MNo later round recorded
May 2022Angel$79KNo later round recorded
Apr 2022Seed$227KNo later round recorded
Apr 2022Angel$132KNo later round recorded
WeStock ↗Fort Lee
Mar 2022Angel$79KNo later round recorded
Mar 2022Seed$631KNo later round recorded
Mar 2022Seed$130KNo later round recorded
Feb 2022Angel$66KNo later round recorded
Feb 2022Angel$40KNo later round recorded
Feb 2022Angel$53KNo later round recorded
Proxgy ↗Gurugram
Feb 2022Seed$132KNo later round recorded
Feb 2022Angel$53KNo later round recorded
Jan 2022Angel$132KNo later round recorded
Jan 2022Angel$81KNo later round recorded
Jan 2022Angel$135KNo later round recorded
Freadom ↗Gurugram
Jan 2022Seed$2.5MNo later round recorded
Jan 2022Angel$81KNo later round recorded
Dandera ↗Gurugram
Jan 2022AngelUndisclosedNo later round recorded
Jan 2022Angel$203KNo later round recorded
Jan 2022Angel$74KNo later round recorded
Jan 2022Seed$1.1MNo later round recorded
Dec 2021Seed$231KNo later round recorded
Dec 2021Angel$98KNo later round recorded
Pocket FM ↗Bengaluru
Dec 2021Series B$22MNo later round recorded
Nov 2021Unattributed$3.2MNo later round recorded
Nov 2021Seed$3.2MNo later round recorded
Koo ↗Bengaluru
Oct 2021Series B$12MNo later round recorded
trica ↗Mumbai
Oct 2021Seed$3.0MNo later round recorded
Oct 2021Angel$346KNo later round recorded
Sep 2021Seed$565KNo later round recorded
Sep 2021Seed$495KNo later round recorded
Aug 2021SeedUndisclosedNo later round recorded
Hoopr ↗Mumbai
Aug 2021Seed$409KYes · Dec 2021
FrontRow ↗Bengaluru
Aug 2021Series A$14MNo later round recorded
Jul 2021Series A$25MNo later round recorded
Jul 2021Series A$6.0MNo later round recorded
Jun 2021Series A$6.0MNo later round recorded
Jun 2021Seed$1.4MNo later round recorded
May 2021Series A$823KNo later round recorded
Apr 2021Seed$1.4MNo later round recorded
Pazcare ↗Bengaluru
Apr 2021Series A$3.6MNo later round recorded
Pocketly ↗Bengaluru
Mar 2021Seed$197KNo later round recorded
Jan 2021Seed$1.4MNo later round recorded
Uni Cards ↗Bengaluru
Oct 2020Seed$19MNo later round recorded
0 more companies have undated investments

Kept in the 50-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search Delhi, India investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗