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

Angel investor · Bengaluru, India

Mohandas Pai.

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 PATTERN2013–2026
77%

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

First investment stage across 48 companies28 Seed, 9 Angel and 11 other-stage entries. Each dot represents one company.
Seed 28Angel 9Other 11

One dot = one company at first recorded investment.

48 companies · 54 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 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

Mohandas Pai has dated investments in 48 companies. 37 first entries were at Angel, Pre-Seed or Seed (77.1%). 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 0 in the preceding window. The latest recorded investment is 2024-10-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

21 of 47 companies with a full 24-month observation window raised another equity round. This investor backed 4 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. 6 first entries carry a recorded lead flag and the median first-round syndicate includes 7 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
$384K–$2.5M

The middle half of entry rounds

25th–75th percentile across 37 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
45%

Another equity round within 24 months

21 of 47 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

4 of the same 47 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.

48matching companies
$648Kmedian first round (37 disclosed)
1first backed in last 24 months

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

Series A

TripFactory ↗

Provider of curated travel packages including flights, hotels, and related services

$50M total first round
Seed

Invact ↗

Provider of advanced analyst programs offering finance and data analysis training

$5.0M total first round
Seed

88academics ↗

Online platform providing tutor-led courses for students

$2.7M 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-Commerce8
EdTech8
FinTech8
Cross Border5
K-12 EdTech5
Food Tech5
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
Angel4 disclosed
$246K$198K–$308K
Seed23 disclosed
$561K$308K–$875K
Series A8 disclosed
$8.4M$2.9M–$14M
$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.

47
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
44.7%
21 of 47 companies

Backed again by this investor

A subset of the companies above
8.5%
4 of 47 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
Angel94 / 92 / 9
Seed2810 / 282 / 28
Series A86 / 80 / 8
Unattributed21 / 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

3one4 Capital

14 shared rounds · 12 companies

Latest shared round Oct 2018
02
FIRM

Aarin Capital

5 shared rounds · 4 companies

Latest shared round Sep 2021
03
ANGEL

Kunal Bahl ↗

4 shared rounds · 4 companies

Latest shared round Feb 2022
04
FIRM

LetsVenture

4 shared rounds · 4 companies

Latest shared round Nov 2015

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.

48 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Oct 2024Series A$50MNo later round recorded
Invact ↗Bengaluru
Feb 2022Seed$5.0MNo later round recorded
Sep 2021Seed$2.7MNo later round recorded
May 2019Series A$11MNo later round recorded
Kapiva ↗Bengaluru
Oct 2018Seed$2.5MNo later round recorded
Mar 2018AngelUndisclosedNo later round recorded
QwikSpec ↗Bengaluru
Jul 2017Seed$543KNo later round recorded
Wigzo ↗Gilbert
Mar 2017Seed$688KNo later round recorded
ToneTag ↗Bengaluru
Nov 2016Seed$1.1MNo later round recorded
Whisha ↗San Francisco
Oct 2016SeedUndisclosedNo later round recorded
Truce ↗Mumbai
Oct 2016Seed$419KNo later round recorded
SwarmX ↗Singapore
Jul 2016SeedUndisclosedNo later round recorded
Mar 2016Seed$220KNo later round recorded
My Ally ↗Palo Alto
Mar 2016SeedUndisclosedNo later round recorded
Feb 2016SeedUndisclosedYes · Aug 2022
OustMe ↗Bengaluru
Feb 2016AngelUndisclosedNo later round recorded
JustDoc ↗Bengaluru
Jan 2016Seed$176KNo later round recorded
Jan 2016Series A$8.0MNo later round recorded
Dec 2015AngelUndisclosedNo later round recorded
Dec 2015Seed$453KNo later round recorded
Tracxn ↗Bengaluru
Dec 2015Series A$1.6MYes · Dec 2017
Dec 2015Series A$3.0MNo later round recorded
6degrees ↗Bengaluru
Dec 2015AngelUndisclosedNo later round recorded
OnlineRTI ↗Bengaluru
Nov 2015Seed$151KNo later round recorded
Nov 2015AngelUndisclosedNo later round recorded
Nov 2015Series A$23MNo later round recorded
Nov 2015Seed$38KNo later round recorded
Swarajya ↗Bengaluru
Oct 2015Unattributed$733KNo later round recorded
Oct 2015Series AUndisclosedNo later round recorded
Houzify ↗Bengaluru
Oct 2015Seed$648KNo later round recorded
Sep 2015SeedUndisclosedNo later round recorded
Sep 2015Seed$750KYes · Sep 2016
Aug 2015Seed$1.0MNo later round recorded
Aug 2015Seed$400KNo later round recorded
Faircent ↗Gurugram
Jul 2015Seed$561KYes · May 2016
YourStory ↗Bengaluru
Jul 2015Series A$2.5MNo later round recorded
Jun 2015Seed$396KNo later round recorded
Licious ↗Bengaluru
Jun 2015Seed$1.8MNo later round recorded
Apr 2015Seed$162KNo later round recorded
Feb 2015Angel$161KYes · Dec 2016
Feb 2015Angel$210KYes · Sep 2016
Jan 2015Seed$650KNo later round recorded
Ricago ↗Bengaluru
Dec 2014Angel$283KNo later round recorded
Zoomcar ↗Bengaluru
Nov 2014Series A$8.9MNo later round recorded
Getactive ↗Bengaluru
Mar 2014Angel$384KNo later round recorded
Jan 2014Seed$600KNo later round recorded
Jan 2014Seed$140KNo later round recorded
Aug 2013Unattributed$533KNo later round recorded
0 more companies have undated investments

Kept in the 48-company portfolio; excluded from entry-timing calculations.

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