INVESTOR NOTES / 001ANGEL INVESTOR / Gurugram, India
Lalit Agarwal
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Gurugram, India

Lalit Agarwal.

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 PATTERN2012–2026
83%

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

First investment stage across 18 companies15 Seed, 0 Angel and 3 other-stage entries. Each dot represents one company.
Seed 15Angel 0Other 3

One dot = one company at first recorded investment.

18 companies · 24 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 25 Mar 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

Lalit Agarwal has dated investments in 18 companies. 15 first entries were at Angel, Pre-Seed or Seed (83.3%). 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 0 in the preceding window. The latest recorded investment is 2025-03-25. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

11 of 17 companies with a full 24-month observation window raised another equity round. This investor backed 5 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 3 portfolio companies; sector tags overlap. 4 first entries carry a recorded lead flag and the median first-round syndicate includes 43.5 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
$298K–$524K

The middle half of entry rounds

25th–75th percentile across 18 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 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
65%

Another equity round within 24 months

11 of 17 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
29%

This investor invested again within 24 months

5 of the same 17 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.

18matching companies
$404Kmedian first round (18 disclosed)
1first backed in last 24 months

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

Series A

Rayzon Solar ↗

Manufacturer of photovoltaic solar modules

$16M total first round
Seed

MIMYK ↗

Developer of next generation haptic endoscopy simulators

$292K total first round
Seed

AutoBrix ↗

Online platform to book car wash & repair services

$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.
SectorSeedSeries AAll stages
B2C E-Commerce3
Gig Employers3
Auto Tech2
Local Services2
EdTech2
Logistics Tech2
3D Visualization Tools2
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
Seed15 disclosed
$375K$295K–$495K
Series A3 disclosed
$2.8M$2.2M–$9.5M
$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.

17
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
64.7%
11 of 17 companies

Backed again by this investor

A subset of the companies above
29.4%
5 of 17 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
Seed1510 / 155 / 15
Series A21 / 20 / 2
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
FIRM

Indian Angel Network

14 shared rounds · 14 companies

Latest shared round Mar 2020
02
ANGEL

Raman Roy ↗

13 shared rounds · 10 companies

Latest shared round Mar 2020
04
ANGEL

Nitin Agarwal ↗

11 shared rounds · 8 companies

Latest shared round Nov 2017
06
ANGEL

Sanjay Puri ↗

8 shared rounds · 6 companies

Latest shared round Jan 2017

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.

18 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Mar 2025Series A$16MNo later round recorded
MIMYK ↗Bengaluru
Mar 2020Seed$292KNo later round recorded
AutoBrix ↗Bengaluru
Oct 2019Seed$2.0MYes · Feb 2021
Mar 2019Series A$2.8MNo later round recorded
Propelld ↗Bengaluru
Jul 2018Seed$291KNo later round recorded
6Degree ↗Bengaluru
Jan 2018Seed$400KNo later round recorded
Jul 2016Seed$471KNo later round recorded
Pikkol ↗Bengaluru
Jun 2016Seed$520KYes · Nov 2017
Hackle ↗Bengaluru
Jun 2016Seed$520KYes · Nov 2017
Apr 2016Seed$303KYes · Dec 2016
Mar 2016Seed$294KNo later round recorded
Mar 2016Seed$526KNo later round recorded
Feb 2016Seed$296KYes · Jan 2017
Sep 2015Seed$407KNo later round recorded
Jun 2015Series A$1.6MNo later round recorded
FarEye ↗Chicago
Oct 2014Seed$328KNo later round recorded
Jan 2013Seed$235KYes · Jun 2015
Ridlr ↗Mumbai
Mar 2012Seed$375KNo later round recorded
0 more companies have undated investments

Kept in the 18-company portfolio; excluded from entry-timing calculations.

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