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

Angel investor · Mumbai, India

Rishabh Mariwala.

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
8%

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

First investment stage across 12 companies1 Seed, 0 Angel and 11 other-stage entries. Each dot represents one company.
Seed 1Angel 0Other 11

One dot = one company at first recorded investment.

12 companies · 24 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 21 Apr 2023
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

Rishabh Mariwala has dated investments in 12 companies. 1 first entries were at Angel, Pre-Seed or Seed (8.3%). 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 2023-04-21. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

10 of 12 companies with a full 24-month observation window raised another equity round. This investor backed 6 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. 0 first entries carry a recorded lead flag and the median first-round syndicate includes 9 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
$2.9M–$6.0M

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
83%

Another equity round within 24 months

10 of 12 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
50%

This investor invested again within 24 months

6 of the same 12 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.

12matching companies
$4.0Mmedian first round (12 disclosed)
0first backed in last 24 months

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

Series A

Zouk ↗

Online platform offering handcrafted bags and accessories

$3.0M total first round
Series A

Smytten ↗

Online platform offering multi-category products samples

$6.0M total first round
Series B

Lido ↗

Provider of live, online, small-group classes for students in grades 1-10

$4.1M 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 ASeries BAll stages
B2C E-Commerce6
Retail Tech6
Internet First Brands4
Beauty E-Commerce4
Beauty Tech4
Beauty & Personal Care Products2
Internet First Beauty Brands2
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
Seed1 disclosed
$201K$201K–$201K
Series A7 disclosed
$3.0M$2.8M–$4.7M
Series B3 disclosed
$6.0M$5.0M–$7.7M
$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.

12
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
83.3%
10 of 12 companies

Backed again by this investor

A subset of the companies above
50%
6 of 12 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
Seed11 / 10 / 1
Series A76 / 74 / 7
Series B33 / 32 / 3
Series E+10 / 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

Sharrp Ventures

8 shared rounds · 6 companies

Latest shared round Nov 2022
02
FIRM

Fireside Ventures

4 shared rounds · 2 companies

Latest shared round May 2022
03
FIRM

Amicus Capital Partners

3 shared rounds · 1 companies

Latest shared round Feb 2022
05
FIRM

JM Financial Private Equity

3 shared rounds · 1 companies

Latest shared round Apr 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.

12 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Nov 2022Series A$3.0MNo later round recorded
Smytten ↗Bengaluru
Aug 2021Series A$6.0MYes · May 2022
Lido ↗Mumbai
Oct 2020Series B$4.1MNo later round recorded
Apr 2020Series B$6.0MYes · Jun 2021
Sep 2019Series A$1.5MYes · Aug 2021
Sep 2018Series A$4.0MYes · Jan 2020
Aug 2016Series E+$12MNo later round recorded
LEAP ↗Mumbai
May 2016Series A$3.0MYes · Dec 2016
Dec 2015Series A$5.3MNo later round recorded
Nykaa ↗Mumbai
Jul 2015Series B$9.3MYes · Sep 2016
Aug 2014Series A$2.7MNo later round recorded
iKure ↗Kolkata
Apr 2013Seed$201KYes · Mar 2016
0 more companies have undated investments

Kept in the 12-company portfolio; excluded from entry-timing calculations.

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