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

Angel investor · Bengaluru, India

Narayan Ramachandran.

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 PATTERN2010–2026
44%

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

First investment stage across 16 companies3 Seed, 4 Angel and 9 other-stage entries. Each dot represents one company.
Seed 3Angel 4Other 9

One dot = one company at first recorded investment.

16 companies · 21 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 05 Mar 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

Narayan Ramachandran has dated investments in 16 companies. 7 first entries were at Angel, Pre-Seed or Seed (43.8%). 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

0 first company relationships appear in the latest 24 months, compared with 2 in the preceding window. The latest recorded investment is 2024-03-05. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

10 of 16 companies with a full 24-month observation window raised another equity round. This investor backed 2 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 4 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 6.5 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
$569K–$8.8M

The middle half of entry rounds

25th–75th percentile across 14 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 2 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
63%

Another equity round within 24 months

10 of 16 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
13%

This investor invested again within 24 months

2 of the same 16 companies. Build a financing plan around the wider investor market.

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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.

16matching companies
$1.7Mmedian first round (14 disclosed)
0first backed in last 24 months

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

Angel

Ekam Online ↗

Online brand offering home fragrance products

$678K 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 Tech4
B2C E-Commerce4
Internet First Brands3
Auto Tech2
Online Rental2
Road Transport Tech2
Shared Mobility2
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
$460K$230K–$776K
Seed1 disclosed
$2.1M$2.1M–$2.1M
Series A4 disclosed
$37M$2.6M–$71M
$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.

16
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
62.5%
10 of 16 companies

Backed again by this investor

A subset of the companies above
12.5%
2 of 16 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
Angel43 / 41 / 4
Seed30 / 30 / 3
Series A43 / 40 / 4
Series B32 / 31 / 3
Series C11 / 10 / 1
Unattributed11 / 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
FIRM

Z47

4 shared rounds · 2 companies

Latest shared round Feb 2020
03
FIRM

Seedfund

3 shared rounds · 1 companies

Latest shared round Apr 2019
04
FIRM

Accel

2 shared rounds · 2 companies

Latest shared round May 2021
05
FIRM

Alpha Wave Global

2 shared rounds · 2 companies

Latest shared round May 2021
06
FIRM

Alteria Capital

2 shared rounds · 2 companies

Latest shared round May 2021

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.

16 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Mar 2024SeedUndisclosedNo later round recorded
Jun 2022Angel$678KNo later round recorded
May 2021Series A$71MNo later round recorded
BRND.ME ↗Bengaluru
May 2021Series A$71MNo later round recorded
Apr 2021Angel$1.1MNo later round recorded
Vogo ↗Bengaluru
Feb 2020Series C$19MNo later round recorded
Aug 2019Angel$196KNo later round recorded
Lido ↗Mumbai
May 2019Series A$3.0MNo later round recorded
Playo ↗Bengaluru
Oct 2017Seed$2.1MNo later round recorded
TeamIndus ↗Bengaluru
Mar 2017Series A$1.3MNo later round recorded
My Ally ↗Palo Alto
Mar 2016SeedUndisclosedNo later round recorded
Chumbak ↗Bengaluru
Feb 2015Series B$3.2MYes · Nov 2016
Feb 2015Angel$242KYes · Apr 2015
Nov 2013Series B$224KNo later round recorded
Aug 2013Unattributed$533KYes · Nov 2015
Mar 2010Series B$11MNo later round recorded
0 more companies have undated investments

Kept in the 16-company portfolio; excluded from entry-timing calculations.

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