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

Angel investor · Mumbai, India

Sandeep Tandon.

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
72%

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

First investment stage across 32 companies22 Seed, 1 Angel and 9 other-stage entries. Each dot represents one company.
Seed 22Angel 1Other 9

One dot = one company at first recorded investment.

32 companies · 34 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 27 Jun 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

Sandeep Tandon has dated investments in 32 companies. 23 first entries were at Angel, Pre-Seed or Seed (71.9%). 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 0 in the preceding window. The latest recorded investment is 2022-06-27. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

27 of 32 companies with a full 24-month observation window raised another equity round. This investor backed 1 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 9 portfolio companies; sector tags overlap. 4 first entries carry a recorded lead flag and the median first-round syndicate includes 7.5 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.

Explore the evidence ↗
01 / THE READOUT

Four signals before you pitch.

Start with observed behavior.
Every rate has a defined denominator.

01 — ROUND CONTEXT
$512K–$3.3M

The middle half of entry rounds

25th–75th percentile across 28 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 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
84%

Another equity round within 24 months

27 of 32 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
3%

This investor invested again within 24 months

1 of the same 32 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.

32matching companies
$1.6Mmedian first round (28 disclosed)
0first backed in last 24 months

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

Series B

Jupiter ↗

Online platform offering a suite of financial services

$51M total first round
Seed

Raise ↗

Developer of financial service products and infrastructure for Indian residents

$2.9M total first round
Seed

Genius Teacher ↗

Mobile-based platform providing multiple exam preparation solutions

$2.0M 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-Commerce9
FinTech5
Retail Tech4
Payments3
Fashion Tech3
HealthTech3
Banking Tech2
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
Angel1 disclosed
$451K$451K–$451K
Seed18 disclosed
$935K$462K–$1.8M
Series A6 disclosed
$5.6M$3.6M–$8.4M
$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.

32
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
84.4%
27 of 32 companies

Backed again by this investor

A subset of the companies above
3.1%
1 of 32 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
Angel10 / 10 / 1
Seed2218 / 221 / 22
Series A66 / 60 / 6
Series B33 / 30 / 3
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

Kunal Shah ↗

25 shared rounds · 24 companies

Latest shared round Jun 2021
02
FIRM

Sequoia Capital

9 shared rounds · 8 companies

Latest shared round Jun 2022
03
FIRM

Whiteboard Capital

8 shared rounds · 7 companies

Latest shared round Jun 2021
04
FIRM

Beenext

6 shared rounds · 6 companies

Latest shared round Jun 2021
05
FIRM

3one4 Capital

4 shared rounds · 4 companies

Latest shared round Jun 2021

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.

32 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Jun 2021Series B$51MNo later round recorded
Raise ↗Mumbai
Mar 2021Seed$2.9MNo later round recorded
Apr 2020Seed$2.0MNo later round recorded
Apr 2019Series A$5.7MYes · Jun 2022
CRED ↗Bengaluru
Sep 2018Series A$24MNo later round recorded
Spinny ↗Gurugram
Jun 2017Seed$1.4MNo later round recorded
Feb 2017SeedUndisclosedNo later round recorded
Nov 2016Series A$3.0MNo later round recorded
Oct 2016Series A$960KNo later round recorded
Whisha ↗San Francisco
Oct 2016SeedUndisclosedNo later round recorded
Truce ↗Mumbai
Oct 2016Seed$419KNo later round recorded
Encashea ↗Bengaluru
Aug 2016SeedUndisclosedNo later round recorded
Aug 2016Seed$543KNo later round recorded
Unacademy ↗Bengaluru
Aug 2016Seed$1.0MNo later round recorded
Jul 2016Seed$295KNo later round recorded
Jul 2016Seed$1.7MNo later round recorded
Reap ↗Mumbai
Jun 2016Seed$141KYes · Feb 2017
Pianta ↗Bengaluru
May 2016SeedUndisclosedNo later round recorded
CrownIt ↗Gurugram
May 2016Series B$4.2MNo later round recorded
Mar 2016Seed$1.0MNo later round recorded
Jan 2016Seed$515KNo later round recorded
Jan 2016Seed$449KNo later round recorded
Jugnoo ↗Sahibzada Ajit Singh Nagar
Dec 2015Series B$5.5MNo later round recorded
Nov 2015Angel$451KNo later round recorded
Zilingo ↗Singapore
Nov 2015Seed$1.9MNo later round recorded
Razorpay ↗Bengaluru
Oct 2015Seed$2.5MNo later round recorded
Oct 2015Seed$115KNo later round recorded
Voonik ↗Bengaluru
Sep 2015Series A$9.3MNo later round recorded
Jul 2015Seed$500KNo later round recorded
Porter ↗Bengaluru
Jun 2015Series A$5.5MNo later round recorded
Jun 2015Seed$2.0MNo later round recorded
Oct 2014Seed$870KNo later round recorded
0 more companies have undated investments

Kept in the 32-company portfolio; excluded from entry-timing calculations.

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