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

Angel investor · India

Rahul Agarwal.

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
76%

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

First investment stage across 25 companies17 Seed, 2 Angel and 6 other-stage entries. Each dot represents one company.
Seed 17Angel 2Other 6

One dot = one company at first recorded investment.

25 companies · 30 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 21 Jan 2026
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

Rahul Agarwal has dated investments in 25 companies. 19 first entries were at Angel, Pre-Seed or Seed (76.0%). 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

1 first company relationships appear in the latest 24 months, compared with 5 in the preceding window. The latest recorded investment is 2026-01-21. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

16 of 24 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 5 portfolio companies; sector tags overlap. 3 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
$150K–$2.0M

The middle half of entry rounds

25th–75th percentile across 25 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 5 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
67%

Another equity round within 24 months

16 of 24 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
17%

This investor invested again within 24 months

4 of the same 24 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.

25matching companies
$584Kmedian first round (25 disclosed)
1first backed in last 24 months

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

Series A

VerveSemi ↗

Developer of analog signal chain integrated circuits for multiple applications

$10M total first round
Seed

WTF Gyms ↗

Fitness and wellness platform that operates a chain of gyms and offers personalized fitness and diet solutions

$133K 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 Tech5
B2C E-Commerce3
NBFC Lenders2
Artificial Intelligence2
B2B E-Commerce2
EdTech2
K-12 EdTech2
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
$123K$110K–$137K
Seed17 disclosed
$498K$147K–$803K
Series A3 disclosed
$10M$6.0M–$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.

24
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
66.7%
16 of 24 companies

Backed again by this investor

A subset of the companies above
16.7%
4 of 24 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
Angel21 / 21 / 2
Seed1711 / 173 / 17
Series A22 / 20 / 2
Series C22 / 20 / 2
Unattributed10 / 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

Amit Agarwal ↗

4 shared rounds · 3 companies

Latest shared round Sep 2018
02
FIRM

Venture Catalysts

4 shared rounds · 4 companies

Latest shared round Feb 2022
03
FIRM

Vista Business Ventures

4 shared rounds · 3 companies

Latest shared round Feb 2022
05
FIRM

India Connection Impex

3 shared rounds · 2 companies

Latest shared round Jun 2021
06
FIRM

Inflection Point Ventures

3 shared rounds · 3 companies

Latest shared round Feb 2022

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.

25 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jan 2026Series A$10MNo later round recorded
Mar 2024Unattributed$6.8MNo later round recorded
Aug 2023Seed$133KNo later round recorded
Jun 2023Seed$1.5MNo later round recorded
May 2023Seed$147KNo later round recorded
Apr 2023Series C$2.7MNo later round recorded
Mar 2022Seed$70KNo later round recorded
Mar 2022Seed$803KNo later round recorded
DCGpac ↗Gurugram
Feb 2022Seed$1.5MNo later round recorded
Nov 2021Seed$498KNo later round recorded
Hesa ↗Hyderabad
Jun 2021Seed$3.3MNo later round recorded
Apr 2021Series C$122MNo later round recorded
Feb 2021Seed$584KYes · Sep 2021
Zeroharm ↗Hyderabad
Nov 2020Series A$17MYes · Apr 2023
Jun 2020Seed$293KNo later round recorded
Sep 2018Seed$685KNo later round recorded
Apr 2018Series A$2.0MNo later round recorded
Chaaipani ↗Ahmedabad
Dec 2017Angel$97KYes · May 2018
Jul 2016Seed$464KYes · May 2018
Jul 2016Seed$1.8MNo later round recorded
Jun 2016Seed$37KNo later round recorded
Horntell ↗Gurugram
Mar 2016Angel$150KNo later round recorded
Feb 2015Seed$76KNo later round recorded
Aug 2013Seed$500KYes · Aug 2014
Fynd ↗Mumbai
Jul 2013Seed$285KNo later round recorded
0 more companies have undated investments

Kept in the 25-company portfolio; excluded from entry-timing calculations.

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