INVESTOR NOTES / 001ANGEL INVESTOR / Mumbai, India
Manish Choksi
KNOW THE INVESTOR. SHARPEN THE PITCH.

Angel investor · Mumbai, India

Manish Choksi.

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 PATTERN2007–2026
86%

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

First investment stage across 22 companies17 Seed, 2 Angel and 3 other-stage entries. Each dot represents one company.
Seed 17Angel 2Other 3

One dot = one company at first recorded investment.

22 companies · 33 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 18 Oct 2024
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

Manish Choksi has dated investments in 22 companies. 19 first entries were at Angel, Pre-Seed or Seed (86.4%). 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

1 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2024-10-18. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

15 of 21 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.

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04

Use a specific point of relevance

B2C E-Commerce is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 16 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
$244K–$2.0M

The middle half of entry rounds

25th–75th percentile across 22 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 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
71%

Another equity round within 24 months

15 of 21 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
24%

This investor invested again within 24 months

5 of the same 21 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.

22matching companies
$857Kmedian first round (22 disclosed)
1first backed in last 24 months

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

Series A

Beco ↗

Internet first brand offering eco-friendly home, kitchen, and personal care products

$10M total first round
Seed

OpiGo ↗

Social platform for investors

$168K total first round
Series A

Your-space ↗

Provider of co-living accommodations, including hostels and PGs for students

$10M 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-Commerce6
Retail Tech5
Loneliness Economy3
B2C Grocery Delivery3
Food Tech3
Online Grocery3
Uber for Grocery Delivery3
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
Angel2 disclosed
$260K$234K–$287K
Seed17 disclosed
$850K$222K–$1.6M
Series A2 disclosed
$10M$10M–$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.

21
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
71.4%
15 of 21 companies

Backed again by this investor

A subset of the companies above
23.8%
5 of 21 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
Angel20 / 20 / 2
Seed1714 / 175 / 17
Series A10 / 10 / 1
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.

02
ANGEL

Varun Vakil

8 shared rounds · 2 companies

Latest shared round Oct 2024
03
FIRM

Castle Investment And Industries

7 shared rounds · 5 companies

Latest shared round Oct 2024
04
FIRM

Mumbai Angels

7 shared rounds · 7 companies

Latest shared round Apr 2019
05
FIRM

Satyadharma Investment And Trading Company

7 shared rounds · 5 companies

Latest shared round Oct 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.

22 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Beco ↗Mumbai
Jul 2024Series A$10MNo later round recorded
OpiGo ↗Mumbai
Jan 2024Seed$168KNo later round recorded
Dec 2021Series A$10MNo later round recorded
Oct 2021Seed$1.0MYes · Nov 2022
Aug 2021Series B$28MNo later round recorded
Aug 2021Seed$1.0MYes · Aug 2022
Dec 2019Seed$2.0MNo later round recorded
VnF ↗Mumbai
May 2019Seed$2.0MNo later round recorded
May 2019Seed$2.0MYes · Jul 2021
Apr 2019Seed$865KNo later round recorded
NowFloats ↗Hyderabad
Aug 2013Seed$222KYes · May 2014
Aug 2013Seed$500KNo later round recorded
May 2013Seed$311KNo later round recorded
Apr 2013Seed$314KYes · Feb 2014
Apr 2013Angel$313KNo later round recorded
May 2012Angel$207KNo later round recorded
Jun 2009Seed$186KNo later round recorded
Mar 2009Seed$1.6MNo later round recorded
Jan 2009Seed$151KNo later round recorded
Oct 2008Seed$153KNo later round recorded
Apalya ↗Hyderabad
Apr 2008Seed$850KYes · Jan 2011
Canvera ↗Bengaluru
Oct 2007Seed$2.2MYes · May 2008
0 more companies have undated investments

Kept in the 22-company portfolio; excluded from entry-timing calculations.

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