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

Angel investor · India

Manoj Aheeray.

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 PATTERN2014–2026
96%

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

First investment stage across 27 companies25 Seed, 1 Angel and 1 other-stage entries. Each dot represents one company.
Seed 25Angel 1Other 1

One dot = one company at first recorded investment.

27 companies · 43 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 16 Oct 2019
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

Manoj Aheeray has dated investments in 27 companies. 26 first entries were at Angel, Pre-Seed or Seed (96.3%). 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

0 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2019-10-16. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

18 of 27 companies with a full 24-month observation window raised another equity round. This investor backed 14 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 6 portfolio companies; sector tags overlap. 6 first entries carry a recorded lead flag and the median first-round syndicate includes 42 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
$280K–$492K

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
0companies

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
67%

Another equity round within 24 months

18 of 27 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
52%

This investor invested again within 24 months

14 of the same 27 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
$377Kmedian first round (27 disclosed)
0first backed in last 24 months

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

Seed

Docturnal ↗

Provider of non-invasive solutions for the detection, care screening, and diagnostics of tuberculosis

$71K total first round
Seed

Snackible ↗

Online offering healthy, and baked snack foods

$465K total first round
Seed

Knudge me ↗

Platform offering learning solutions for math and english

$204K 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 Tech4
Internet First Brands3
Life Sciences3
Gig Employers3
Food Tech2
Online Grocery2
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
$81K$81K–$81K
Seed25 disclosed
$377K$294K–$484K
Series A1 disclosed
$1.6M$1.6M–$1.6M
$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.

27
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
66.7%
18 of 27 companies

Backed again by this investor

A subset of the companies above
51.9%
14 of 27 companies
i

Includes first investments on or before 22 May 2024. 0 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
Angel11 / 11 / 1
Seed2516 / 2513 / 25
Series A11 / 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

Raman Roy ↗

23 shared rounds · 16 companies

Latest shared round Aug 2018
03
FIRM

Indian Angel Network

19 shared rounds · 19 companies

Latest shared round May 2017
06
FIRM

Pragnya

15 shared rounds · 9 companies

Latest shared round Feb 2018

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?
Docturnal ↗Hyderabad
Sep 2018Seed$71KYes · Oct 2019
Snackible ↗Nala Sopara
May 2018Seed$465KNo later round recorded
Knudge me ↗Bengaluru
Jan 2018Seed$204KNo later round recorded
Oct 2017Seed$226KNo later round recorded
May 2017Seed$306KYes · Feb 2018
May 2017Seed$605KNo later round recorded
Mar 2017Seed$310KYes · Mar 2018
FarMart ↗Gurugram
Mar 2017Seed$245KYes · Feb 2018
Nov 2016Seed$307KYes · Aug 2018
Staqu ↗Gurugram
Jun 2016Seed$443KNo later round recorded
Jun 2016Seed$500KYes · Feb 2017
Mar 2016Seed$294KYes · Jul 2017
Mar 2016Angel$81KYes · Apr 2016
Mar 2016Seed$526KNo later round recorded
Feb 2016Seed$368KYes · Apr 2017
Transcell ↗Hyderabad
Feb 2016Seed$377KYes · Apr 2017
Feb 2016Seed$296KYes · Jan 2017
Nov 2015Seed$469KNo later round recorded
Sep 2015Seed$407KNo later round recorded
Aug 2015Seed$600KYes · Nov 2016
Saahas ↗Bengaluru
Aug 2015Seed$267KYes · Jul 2016
Jun 2015Series A$1.6MNo later round recorded
Jun 2015Seed$187KNo later round recorded
May 2015Seed$603KNo later round recorded
Jan 2015Seed$484KNo later round recorded
Process9 ↗Gurugram
Jan 2015Seed$434KYes · Jan 2016
Zippr ↗Hyderabad
Oct 2014Seed$1.0MNo later round recorded
0 more companies have undated investments

Kept in the 27-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 , 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 ↗