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

Angel investor · Mumbai, India

Sanjay Mehta.

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
97%

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

First investment stage across 39 companies33 Seed, 5 Angel and 1 other-stage entries. Each dot represents one company.
Seed 33Angel 5Other 1

One dot = one company at first recorded investment.

39 companies · 46 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 08 Sep 2024
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

Sanjay Mehta has dated investments in 39 companies. 38 first entries were at Angel, Pre-Seed or Seed (97.4%). 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

1 first company relationships appear in the latest 24 months, compared with 0 in the preceding window. The latest recorded investment is 2024-09-08. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

21 of 38 companies with a full 24-month observation window raised another equity round. This investor backed 5 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 10 portfolio companies; sector tags overlap. 13 first entries carry a recorded lead flag and the median first-round syndicate includes 22 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
$250K–$733K

The middle half of entry rounds

25th–75th percentile across 33 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 0 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
55%

Another equity round within 24 months

21 of 38 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
13%

This investor invested again within 24 months

5 of the same 38 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.

39matching companies
$350Kmedian first round (33 disclosed)
1first backed in last 24 months

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

Seed

UtsavApp ↗

Provider of online hindu puja services and prasad delivery

$733K total first round
Seed

Great Manager Institute ↗

Provider of people management assessment, development, and recognition services

$270K total first round
Seed

Juno ↗

Online platform offering crypto banking solutions

$3.0M 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-Commerce10
Retail Tech8
Internet First Brands6
FinTech5
Commerce Enablers5
Logistics Tech5
Food Tech4
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
Angel3 disclosed
$250K$137K–$347K
Seed29 disclosed
$350K$265K–$733K
Series A1 disclosed
$1.6M$1.6M–$1.6M
$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.

38
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
55.3%
21 of 38 companies

Backed again by this investor

A subset of the companies above
13.2%
5 of 38 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
Angel52 / 50 / 5
Seed3218 / 325 / 32
Series A11 / 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
ANGEL

Raman Roy ↗

14 shared rounds · 10 companies

Latest shared round Apr 2019
03
FIRM

Indian Angel Network

13 shared rounds · 11 companies

Latest shared round Apr 2019
05
ANGEL

Nitin Agarwal ↗

11 shared rounds · 9 companies

Latest shared round Apr 2019

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.

39 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Sep 2024Seed$733KNo later round recorded
Oct 2021Seed$270KNo later round recorded
Juno ↗San Francisco
Jul 2020Seed$3.0MNo later round recorded
Karnival ↗Bengaluru
Mar 2020Seed$35KNo later round recorded
SoStronk ↗Bengaluru
Jul 2019Seed$281KNo later round recorded
AccioJob ↗Gurugram
Apr 2019Seed$179KNo later round recorded
Mar 2019Seed$2.1MNo later round recorded
Jul 2018Seed$808KNo later round recorded
CashKumar ↗Bengaluru
Mar 2018Seed$772KNo later round recorded
TagBox ↗Bengaluru
Oct 2017Seed$281KYes · Apr 2019
Oct 2017Seed$226KNo later round recorded
Apr 2017Seed$344KNo later round recorded
Nuos ↗Mumbai
Apr 2017Seed$23KNo later round recorded
Anakage ↗Bengaluru
Mar 2017AngelUndisclosedNo later round recorded
Mar 2017Seed$310KYes · Mar 2018
Mar 2017Angel$443KNo later round recorded
Aisle ↗Bengaluru
Feb 2017SeedUndisclosedNo later round recorded
Dec 2016Seed$367KNo later round recorded
Nov 2016Seed$500KNo later round recorded
Nov 2016Seed$1.6MNo later round recorded
Nov 2016Seed$307KYes · Aug 2018
Codemojo ↗Bengaluru
Sep 2016AngelUndisclosedNo later round recorded
Jul 2016Seed$471KNo later round recorded
Skillenza ↗Bengaluru
Mar 2016Seed$638KYes · Oct 2017
Jan 2016Angel$250KNo later round recorded
Oct 2015Seed$92KYes · Jun 2016
Oct 2015SeedUndisclosedNo later round recorded
Blubirch ↗Bengaluru
Sep 2015Seed$2.0MNo later round recorded
Jul 2015Seed$2.3MNo later round recorded
Locus ↗Milpitas
Jul 2015SeedUndisclosedNo later round recorded
Jun 2015Series A$1.6MNo later round recorded
May 2015Seed$350KNo later round recorded
Apr 2015Seed$483KNo later round recorded
Jan 2015Seed$484KNo later round recorded
Oct 2014SeedUndisclosedNo later round recorded
Aug 2014Angel$25KNo later round recorded
Jul 2014Seed$75KNo later round recorded
Jan 2014Seed$16KNo later round recorded
Nov 2013Seed$265KNo later round recorded
0 more companies have undated investments

Kept in the 39-company portfolio; excluded from entry-timing calculations.

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