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

Angel investor · Mumbai, India

Nitin Agarwal.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

Find your comparables
THE ENTRY PATTERN2008–2026
91%

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

First investment stage across 78 companies65 Seed, 6 Angel and 7 other-stage entries. Each dot represents one company.
Seed 65Angel 6Other 7

One dot = one company at first recorded investment.

78 companies · 107 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 25 Nov 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

Nitin Agarwal has dated investments in 78 companies. 71 first entries were at Angel, Pre-Seed or Seed (91.0%). 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

2 first company relationships appear in the latest 24 months, compared with 1 in the preceding window. The latest recorded investment is 2025-11-25. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

54 of 76 companies with a full 24-month observation window raised another equity round. This investor backed 24 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 17 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 32 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
$240K–$655K

The middle half of entry rounds

25th–75th percentile across 75 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
2companies

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

54 of 76 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
32%

This investor invested again within 24 months

24 of the same 76 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.

78matching companies
$443Kmedian first round (75 disclosed)
2first backed in last 24 months

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

Angel

Japam ↗

Online retailer of spiritual jewellery, rudraksha malas, and energy stones

$50K 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-Commerce17
Retail Tech12
Travel and Hospitality Tech10
Cross Border8
Online Travel6
Internet First Brands5
HR SaaS5
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
$129K$49K–$218K
Seed64 disclosed
$436K$241K–$617K
Series A6 disclosed
$1.1M$804K–$1.5M
$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.

76
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
71.1%
54 of 76 companies

Backed again by this investor

A subset of the companies above
31.6%
24 of 76 companies
i

Includes first investments on or before 22 May 2024. 2 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
Angel53 / 51 / 5
Seed6547 / 6522 / 65
Series A64 / 61 / 6
Series E+00 / 00 / 0
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
FIRM

Indian Angel Network

37 shared rounds · 30 companies

Latest shared round Oct 2021
03
FIRM

Texport Industries

34 shared rounds · 27 companies

Latest shared round Oct 2021
04
FIRM

South Yarra Holdings

24 shared rounds · 16 companies

Latest shared round Jun 2019
05
ANGEL

Raman Roy ↗

23 shared rounds · 17 companies

Latest shared round Apr 2019

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.

78 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Nov 2025AngelUndisclosedNo later round recorded
Jun 2024Series E+$12MNo later round recorded
Japam ↗Sahibzada Ajit Singh Nagar
Jan 2024Angel$50KNo later round recorded
Doosra ↗Hyderabad
Dec 2021Seed$490KYes · Aug 2022
sugar.fit ↗Bengaluru
Sep 2021Seed$10MNo later round recorded
Aereo ↗Bengaluru
Aug 2021Series A$2.1MNo later round recorded
Hesa ↗Hyderabad
Jun 2021Seed$3.3MNo later round recorded
Jun 2021Seed$1.2MNo later round recorded
Jan 2021Seed$72KNo later round recorded
Nov 2020Seed$403KYes · Oct 2021
Sattuz ↗Madhubani
Nov 2019Seed$55KNo later round recorded
Jul 2019Seed$755KNo later round recorded
Apr 2019Seed$514KNo later round recorded
Feb 2019Seed$348KNo later round recorded
Jul 2018Seed$808KNo later round recorded
Feb 2018Seed$722KNo later round recorded
Kalpnik ↗Bengaluru
Nov 2017Seed$526KNo later round recorded
TagBox ↗Bengaluru
Oct 2017Seed$281KYes · Apr 2019
Oct 2017Seed$281KYes · Apr 2019
Karza ↗Mumbai
Jul 2017Seed$385KYes · Jun 2019
Mar 2017Seed$310KYes · Mar 2018
Dec 2016Seed$1.1MYes · Sep 2017
Sep 2016Series A$951KNo later round recorded
Sep 2016Seed$650KNo later round recorded
Jul 2016Seed$453KNo later round recorded
Staqu ↗Gurugram
Jun 2016Seed$443KYes · Apr 2018
Pikkol ↗Bengaluru
Jun 2016Seed$520KYes · Nov 2017
Hackle ↗Bengaluru
Jun 2016Seed$520KYes · Nov 2017
PlayShifu ↗Bengaluru
May 2016Seed$267KNo later round recorded
Apr 2016Series A$1.2MNo later round recorded
Skillenza ↗Bengaluru
Mar 2016Seed$638KNo later round recorded
Mar 2016Seed$294KNo later round recorded
DoSelect ↗Bengaluru
Feb 2016Seed$473KNo later round recorded
Feb 2016Angel$44KYes · Aug 2016
Jan 2016AngelUndisclosedNo later round recorded
Jan 2016Seed$515KNo later round recorded
Jan 2016Angel$250KNo later round recorded
RepUp ↗Gurugram
Oct 2015Seed$437KNo later round recorded
Sep 2015Seed$407KNo later round recorded
InstaSafe ↗Bengaluru
Aug 2015Seed$241KNo later round recorded
Aug 2015Seed$452KNo later round recorded
Jul 2015Seed$2.3MNo later round recorded
Jun 2015Series A$1.6MNo later round recorded
May 2015Seed$603KNo later round recorded
Mar 2015Seed$350KYes · Feb 2016
Uniphore ↗Palo Alto
Feb 2015Seed$756KNo later round recorded
Jan 2015Seed$484KNo later round recorded
Process9 ↗Gurugram
Jan 2015Seed$434KNo later round recorded
Nov 2014Seed$32KYes · Jun 2015
Zippr ↗Hyderabad
Oct 2014Seed$1.0MNo later round recorded
FarEye ↗Chicago
Oct 2014Seed$328KNo later round recorded
Talview ↗San Mateo
Sep 2014Seed$659KNo later round recorded
Aug 2014Seed$82KYes · Apr 2015
Jul 2014Seed$75KNo later round recorded
Jul 2013Seed$168KYes · Feb 2014
Jul 2013Seed$168KYes · Feb 2014
Feb 2013Seed$500KNo later round recorded
Jan 2013Seed$235KYes · Jun 2015
OYO ↗Gurugram
Nov 2012Seed$74KYes · May 2013
Oct 2012Seed$162KYes · Jul 2013
Aug 2012Series A$755KYes · Nov 2015
Mobiotics ↗Bengaluru
Jun 2012SeedUndisclosedNo later round recorded
Unbxd ↗San Mateo
Apr 2012Angel$207KNo later round recorded
Kissflow ↗Wilmington
Mar 2012Seed$1.0MNo later round recorded
Exotel ↗Bengaluru
Mar 2012Series A$476KYes · Jun 2013
Ridlr ↗Mumbai
Mar 2012Seed$375KNo later round recorded
Mar 2012Seed$95KYes · May 2013
Mar 2012Seed$50KYes · Nov 2012
Feb 2012Seed$60KNo later round recorded
Jan 2012Seed$645KYes · Sep 2013
Jan 2012Seed$500KYes · Feb 2013
The Wild East Group
Jan 2012Seed$240KNo later round recorded
Nov 2010Seed$381KNo later round recorded
Sep 2010Seed$1.0MNo later round recorded
Aug 2010Seed$257KYes · Jan 2011
Jul 2010Seed$610KNo later round recorded
Jan 2009Seed$151KNo later round recorded
Oct 2008Seed$153KNo later round recorded
0 more companies have undated investments

Kept in the 78-company portfolio; excluded from entry-timing calculations.

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