INVESTOR NOTES / 001ANGEL INVESTOR / , India
Deepinder Goyal
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · India

Deepinder Goyal.

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
59%

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

First investment stage across 27 companies15 Seed, 1 Angel and 11 other-stage entries. Each dot represents one company.
Seed 15Angel 1Other 11

One dot = one company at first recorded investment.

27 companies · 30 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 17 Apr 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

Deepinder Goyal has dated investments in 27 companies. 16 first entries were at Angel, Pre-Seed or Seed (59.3%). 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

4 first company relationships appear in the latest 24 months, compared with 8 in the preceding window. The latest recorded investment is 2025-04-17. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

14 of 23 companies with a full 24-month observation window raised another equity round. This investor backed 2 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

Retail Tech is the largest displayed sector by company count, appearing in 9 portfolio companies; sector tags overlap. 2 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
$2.0M–$19M

The middle half of entry rounds

25th–75th percentile across 27 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
4companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 8 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
61%

Another equity round within 24 months

14 of 23 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
9%

This investor invested again within 24 months

2 of the same 23 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.

27matching companies
$5.2Mmedian first round (27 disclosed)
4first backed in last 24 months

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

Series B

Vayudh ↗

Developer of tactical and commercial UAV systems, including drones and components

$10M total first round
Seed

Gully Labs ↗

Manufacturer of handcrafted footwear including sneakers slides and related accessories

$879K total first round
Series B

LAT Aerospace ↗

Developer of short take-off and landing aircraft with hybrid-electric propulsion

$20M 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
Retail Tech9
B2C E-Commerce7
HealthTech5
B2C Fashion E-Commerce4
Fashion Tech4
EdTech4
Internet First Brands3
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
Angel1 disclosed
$241K$241K–$241K
Seed15 disclosed
$2.3M$1.3M–$4.4M
Series A4 disclosed
$15M$11M–$19M
$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.

23
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
60.9%
14 of 23 companies

Backed again by this investor

A subset of the companies above
8.7%
2 of 23 companies
i

Includes first investments on or before 22 May 2024. 4 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
Angel10 / 10 / 1
Seed139 / 130 / 13
Series A43 / 41 / 4
Series B10 / 10 / 1
Series D11 / 11 / 1
Series E+31 / 30 / 3
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

Kunal Shah ↗

10 shared rounds · 9 companies

Latest shared round Apr 2024
02
FIRM

QED Innovation Labs

8 shared rounds · 8 companies

Latest shared round Aug 2022
03
FIRM

Info Edge Ventures

6 shared rounds · 5 companies

Latest shared round Mar 2025
04
FIRM

Nexus Venture Partners

6 shared rounds · 4 companies

Latest shared round Mar 2024
05
ANGEL

Sujeet Kumar ↗

6 shared rounds · 6 companies

Latest shared round Jun 2023

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.

27 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Apr 2025Series B$10MNo later round recorded
Mar 2025Seed$879KNo later round recorded
Mar 2025Series B$20MNo later round recorded
Dec 2024Seed$4.0MNo later round recorded
Lyskraft ↗Gurugram
Apr 2024Seed$26MNo later round recorded
Apr 2024Seed$720KNo later round recorded
Feb 2024Angel$241KNo later round recorded
Nov 2023Seed$1.3MNo later round recorded
BlueStone ↗Bengaluru
Sep 2023Series E+$66MNo later round recorded
Jun 2023Seed$2.0MNo later round recorded
Gabit ↗Gurugram
Aug 2022Seed$9.5MNo later round recorded
Threado AI ↗San Francisco
Jul 2022Seed$3.1MNo later round recorded
Jan 2022Seed$4.4MNo later round recorded
Jan 2022Seed$4.4MNo later round recorded
Jan 2022Seed$281KNo later round recorded
Dec 2021Series E+$100MNo later round recorded
ChefKart ↗Gurugram
Nov 2021Seed$2.0MNo later round recorded
Raise ↗Mumbai
Nov 2021Series A$23MNo later round recorded
Nov 2021Series A$13MNo later round recorded
Aug 2021Series A$18MYes · Mar 2022
Unacademy ↗Bengaluru
Aug 2021Series E+$440MNo later round recorded
Animall ↗Bengaluru
Jul 2021Series B$14MNo later round recorded
Jul 2021Seed$2.3MNo later round recorded
Jul 2021Series D$41MYes · Dec 2021
Airblack ↗Gurugram
May 2021Series A$5.2MNo later round recorded
Uni Cards ↗Bengaluru
Oct 2020Seed$19MNo later round recorded
Terra.do ↗Stanford
Aug 2020Seed$1.4MNo later round recorded
0 more companies have undated investments

Kept in the 27-company portfolio; excluded from entry-timing calculations.

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