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

Angel investor · Mumbai, India

Rahul Kayan.

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
92%

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

First investment stage across 13 companies12 Seed, 0 Angel and 1 other-stage entries. Each dot represents one company.
Seed 12Angel 0Other 1

One dot = one company at first recorded investment.

13 companies · 20 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 13 Mar 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

Rahul Kayan has dated investments in 13 companies. 12 first entries were at Angel, Pre-Seed or Seed (92.3%). 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 1 in the preceding window. The latest recorded investment is 2025-03-13. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

7 of 13 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

B2C E-Commerce is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 3 first entries carry a recorded lead flag and the median first-round syndicate includes 20 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
$183K–$476K

The middle half of entry rounds

25th–75th percentile across 12 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 1 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
54%

Another equity round within 24 months

7 of 13 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
15%

This investor invested again within 24 months

2 of the same 13 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.

13matching companies
$307Kmedian first round (12 disclosed)
0first backed in last 24 months

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

Seed

Crepdog Crew ↗

Retailer of sneakers and shoes

Undisclosed total first round
Seed

WitBlox ↗

Retailer of modular electronics, robotics, and coding kits for education

$183K total first round
Seed

TechShiksha ↗

Activity based STEM learning platform for students

$183K 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.
SectorSeedSeries AAll stages
B2C E-Commerce6
Retail Tech5
B2C Fashion E-Commerce2
Fashion Tech2
Retail Chains2
Activity Based Learning2
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
Seed11 disclosed
$242K$183K–$457K
Series A1 disclosed
$3.5M$3.5M–$3.5M
$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.

13
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
53.8%
7 of 13 companies

Backed again by this investor

A subset of the companies above
15.4%
2 of 13 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
Seed127 / 122 / 12
Series A10 / 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.

02
FIRM

Augment Ventures

4 shared rounds · 1 companies

Latest shared round Jun 2024
03
FIRM

Calcutta Angels

4 shared rounds · 4 companies

Latest shared round Jul 2017
04
ANGEL

Mudit Kumar ↗

4 shared rounds · 2 companies

Latest shared round Sep 2015
05
FIRM

Primarc

4 shared rounds · 4 companies

Latest shared round Jul 2017

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.

13 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jan 2023SeedUndisclosedNo later round recorded
WitBlox ↗Navi Mumbai
Dec 2019Seed$183KNo later round recorded
Dec 2019Seed$183KNo later round recorded
Apr 2019Seed$574KNo later round recorded
Ethos Watch ↗Chandigarh
Jul 2018Series A$3.5MNo later round recorded
Snackible ↗Nala Sopara
May 2018Seed$465KNo later round recorded
ChironX ↗Gurugram
Jul 2017Seed$200KNo later round recorded
HappiDoc ↗Bengaluru
May 2017Seed$371KNo later round recorded
Aug 2016Seed$509KNo later round recorded
Jun 2016Seed$37KNo later round recorded
May 2016Seed$449KYes · Sep 2017
Sep 2015Seed$242KNo later round recorded
Ketto ↗Mumbai
Feb 2014Seed$126KYes · Mar 2015
0 more companies have undated investments

Kept in the 13-company portfolio; excluded from entry-timing calculations.

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