INVESTOR NOTES / 001ANGEL INVESTOR / Gurugram, India
Ghazal Alagh
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Gurugram, India

Ghazal Alagh.

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 PATTERN2021–2026
77%

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

First investment stage across 26 companies14 Seed, 6 Angel and 6 other-stage entries. Each dot represents one company.
Seed 14Angel 6Other 6

One dot = one company at first recorded investment.

26 companies · 26 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 24 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

Ghazal Alagh has dated investments in 26 companies. 20 first entries were at Angel, Pre-Seed or Seed (76.9%). 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

6 first company relationships appear in the latest 24 months, compared with 8 in the preceding window. The latest recorded investment is 2026-03-24. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

9 of 20 companies with a full 24-month observation window raised another equity round. This investor backed 0 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 16 portfolio companies; sector tags overlap. 3 first entries carry a recorded lead flag and the median first-round syndicate includes 11.5 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
$186K–$2.3M

The middle half of entry rounds

25th–75th percentile across 24 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
6companies

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
45%

Another equity round within 24 months

9 of 20 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
0%

This investor invested again within 24 months

0 of the same 20 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.

26matching companies
$729Kmedian first round (24 disclosed)
6first backed in last 24 months

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

Series A

Kidbea ↗

Retailer of plant-based apparel and accessories for infants and children

$3.2M total first round
Seed

Underneat ↗

Retailer of shapewear and intimate essentials

$808K total first round
Seed

Dressfolk ↗

Internet first brand offering handcrafted ethnic wear for women

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-Commerce16
Internet First Brands13
Retail Tech13
B2C Fashion E-Commerce7
Fashion Tech7
Internet First Fashion Brands7
Internet First Apparel Brands6
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
Angel5 disclosed
$67K$66K–$100K
Seed13 disclosed
$808K$520K–$1.8M
Series A5 disclosed
$6.3M$3.2M–$6.4M
$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.

20
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
45%
9 of 20 companies

Backed again by this investor

A subset of the companies above
0%
0 of 20 companies
i

Includes first investments on or before 22 May 2024. 6 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
Angel60 / 60 / 6
Seed95 / 90 / 9
Series A43 / 40 / 4
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.

03
FIRM

Wellfound

5 shared rounds · 5 companies

Latest shared round Dec 2022
04
ANGEL

Kunal Bahl ↗

4 shared rounds · 4 companies

Latest shared round Nov 2024
06
ANGEL

Rohit Bansal ↗

4 shared rounds · 4 companies

Latest shared round Nov 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.

26 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Mar 2026Series A$3.2MNo later round recorded
Feb 2025Seed$808KNo later round recorded
Jan 2025SeedUndisclosedNo later round recorded
Nov 2024Seed$1.0MNo later round recorded
OUTZIDR ↗Bengaluru
Oct 2024Seed$3.6MNo later round recorded
Jun 2024Seed$2.0MNo later round recorded
Apr 2024Series B$203KNo later round recorded
P-TAL ↗Panchkula
Oct 2023Seed$520KNo later round recorded
Crib ↗Bengaluru
Feb 2023Seed$1.8MNo later round recorded
Dec 2022Series A$1.0MNo later round recorded
FS Life ↗Gurugram
Sep 2022Series A$6.3MNo later round recorded
Unscript ↗Bengaluru
Sep 2022Seed$1.3MNo later round recorded
Jul 2022Series A$6.4MNo later round recorded
Wishlink ↗Gurugram
May 2022Seed$3.0MNo later round recorded
BlissClub ↗Bengaluru
May 2022Series A$15MNo later round recorded
Sunfox ↗Dehradun
Mar 2022Angel$132KNo later round recorded
Mar 2022Seed$651KNo later round recorded
Mar 2022Seed$105KNo later round recorded
Mar 2022Angel$66KNo later round recorded
Vaaree ↗Bengaluru
Mar 2022Seed$581KNo later round recorded
PROTOUCH ↗Ahmedabad
Feb 2022Seed$310KNo later round recorded
Feb 2022Angel$53KNo later round recorded
Wakao ↗Panaji
Jan 2022Angel$100KNo later round recorded
Jan 2022AngelUndisclosedNo later round recorded
Jan 2022Angel$67KNo later round recorded
Jun 2021Seed$330KNo later round recorded
0 more companies have undated investments

Kept in the 26-company portfolio; excluded from entry-timing calculations.

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