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

Angel investor · Mumbai, India

Ratan N Tata.

Recorded investments.
A clearer sense of fit.

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

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THE ENTRY PATTERN2013–2026
66%

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

First investment stage across 44 companies6 Seed, 23 Angel and 15 other-stage entries. Each dot represents one company.
Seed 6Angel 23Other 15

One dot = one company at first recorded investment.

44 companies · 55 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 Sep 2022
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

Ratan N Tata has dated investments in 44 companies. 29 first entries were at Angel, Pre-Seed or Seed (65.9%). 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 2022-09-28. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

29 of 44 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

B2C E-Commerce is the largest displayed sector by company count, appearing in 12 portfolio companies; sector tags overlap. 23 first entries carry a recorded lead flag and the median first-round syndicate includes 2 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
$199K–$7.4M

The middle half of entry rounds

25th–75th percentile across 29 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
66%

Another equity round within 24 months

29 of 44 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 44 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.

44matching companies
$2.0Mmedian first round (29 disclosed)
0first backed in last 24 months

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

Unattributed

Good Fellow ↗

Provider of recruitment services

Undisclosed total first round
Angel

Goodfellows ↗

Provider of companionship platform for senior citizens

$77K 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-Commerce12
Retail Tech10
HealthTech5
Internet First Brands5
FinTech5
Auto Tech4
Cross Border4
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
Angel9 disclosed
$97K$58K–$199K
Seed6 disclosed
$1.1M$342K–$1.7M
Series A11 disclosed
$2.5M$2.0M–$12M
$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.

44
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
65.9%
29 of 44 companies

Backed again by this investor

A subset of the companies above
9.1%
4 of 44 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
Angel2314 / 232 / 23
Seed64 / 62 / 6
Series A119 / 110 / 11
Series B22 / 20 / 2
Series C10 / 10 / 1
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
FIRM

Accel

7 shared rounds · 6 companies

Latest shared round Jun 2019
02
FIRM

Kalaari Capital

5 shared rounds · 5 companies

Latest shared round Sep 2022
04
FIRM

Unilazer Ventures

4 shared rounds · 3 companies

Latest shared round Nov 2019
05
FIRM

Aarin Capital

3 shared rounds · 2 companies

Latest shared round Nov 2015
06
FIRM

Chiratae Ventures

3 shared rounds · 3 companies

Latest shared round Jan 2018

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.

44 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Aug 2022UnattributedUndisclosedNo later round recorded
Aug 2022Angel$77KNo later round recorded
May 2020Angel$13KNo later round recorded
Mar 2020Angel$13KNo later round recorded
May 2019Series A$2.1MNo later round recorded
Mar 2018Angel$199KNo later round recorded
Axio ↗Ahmedabad
Jan 2018Series B$7.4MNo later round recorded
Nov 2016Angel$6.6MYes · Feb 2017
Goqii ↗Redwood City
Oct 2016AngelUndisclosedYes · Nov 2018
Cult.fit ↗Bengaluru
Jul 2016Series A$15MNo later round recorded
Jun 2016AngelUndisclosedNo later round recorded
May 2016AngelUndisclosedNo later round recorded
Niki ↗Bengaluru
Apr 2016Seed$764KYes · Nov 2019
SnapBizz ↗Bengaluru
Feb 2016AngelUndisclosedNo later round recorded
Feb 2016Seed$95KNo later round recorded
Teabox ↗Bengaluru
Jan 2016AngelUndisclosedYes · Dec 2017
Jan 2016Series A$4.0MNo later round recorded
Jan 2016Angel$97KNo later round recorded
NestAway ↗Bengaluru
Jan 2016Angel$58KNo later round recorded
CashKaro ↗Gurugram
Jan 2016Angel$144KYes · Sep 2022
Jan 2016Seed$1.7MYes · Dec 2017
Dec 2015Series A$528KNo later round recorded
TeamIndus ↗Bengaluru
Dec 2015Series A$14MNo later round recorded
Tracxn ↗Bengaluru
Dec 2015Series A$1.6MNo later round recorded
QikPod ↗Bengaluru
Nov 2015Seed$9.0MNo later round recorded
Nov 2015AngelUndisclosedNo later round recorded
Nov 2015Series B$25MNo later round recorded
Nov 2015AngelUndisclosedNo later round recorded
Moglix ↗Singapore
Oct 2015Seed$1.5MYes · Feb 2016
Oct 2015AngelUndisclosedNo later round recorded
Abra ↗Mountain View
Oct 2015Series A$14MNo later round recorded
GrowTech ↗Bengaluru
Oct 2015Seed$201KNo later round recorded
Aug 2015AngelUndisclosedNo later round recorded
YourStory ↗Bengaluru
Jul 2015Series A$2.5MNo later round recorded
Lybrate ↗Gurugram
Jul 2015Series A$10MNo later round recorded
Jul 2015Series A$2.0MNo later round recorded
Ola Cabs ↗Bengaluru
Jul 2015Angel$2.1MNo later round recorded
Kaaryah ↗Gurugram
Jun 2015AngelUndisclosedNo later round recorded
Xiaomi ↗Beijing
Apr 2015AngelUndisclosedNo later round recorded
Feb 2015AngelUndisclosedNo later round recorded
Zivame ↗Bengaluru
Jan 2015Series C$38MNo later round recorded
Snapdeal ↗Gurugram
Aug 2014AngelUndisclosedNo later round recorded
Altaeros ↗Somerville
Mar 2014AngelUndisclosedNo later round recorded
Feb 2013Series A$2.0MYes · Aug 2015
0 more companies have undated investments

Kept in the 44-company portfolio; excluded from entry-timing calculations.

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