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

Angel investor · India

Sonal Shah.

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
57%

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

First investment stage across 7 companies3 Seed, 1 Angel and 3 other-stage entries. Each dot represents one company.
Seed 3Angel 1Other 3

One dot = one company at first recorded investment.

7 companies · 10 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 28 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

Sonal Shah has dated investments in 7 companies. 4 first entries were at Angel, Pre-Seed or Seed (57.1%). 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 2025-03-28. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

4 of 7 companies with a full 24-month observation window raised another equity round. This investor backed 0 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.

Explore the evidence ↗
04

Use a specific point of relevance

B2C E-Commerce is the largest displayed sector by company count, appearing in 3 portfolio companies; sector tags overlap. 2 first entries carry a recorded lead flag and the median first-round syndicate includes 11 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
$471K–$11M

The middle half of entry rounds

25th–75th percentile across 7 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
57%

Another equity round within 24 months

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

Follow the path ↗
04 — REPEAT BACKING
0%

This investor invested again within 24 months

0 of the same 7 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.

7matching companies
$711Kmedian first round (7 disclosed)
0first backed in last 24 months

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

Seed

Naagin ↗

Online brand offering hot sauces and spice blends

$335K total first round
Seed

Plush ↗

Online brand offering period care, body hygiene, intimate wellness and skincare

$711K total first round
Series A

Fullife ↗

Manufacturer of effervescent nutritional and pharmaceutical products

$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.
SectorAngelSeedSeries AAll stages
B2C E-Commerce3
Internet First Brands3
Retail Tech2
Life Sciences2
Food Service Chains2
B2C Grocery Delivery1
Food & Beverage Products1
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
$542K$542K–$542K
Seed3 disclosed
$400K$367K–$556K
Series A3 disclosed
$18M$11M–$18M
$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.

7
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
57.1%
4 of 7 companies

Backed again by this investor

A subset of the companies above
0%
0 of 7 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
Angel11 / 10 / 1
Seed31 / 30 / 3
Series A32 / 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

Aman Shah

3 shared rounds · 1 companies

Latest shared round Mar 2025
02
ANGEL

Ami Snehal Shah

3 shared rounds · 1 companies

Latest shared round Mar 2025
03
ANGEL

Hiral Shah

3 shared rounds · 1 companies

Latest shared round Mar 2025
06
FIRM

Adventz

2 shared rounds · 2 companies

Latest shared round Jun 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.

7 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Feb 2020Seed$335KNo later round recorded
Plush ↗Chennai
Mar 2019Seed$711KYes · May 2021
May 2018Series A$4.1MYes · Jul 2021
Jun 2017Series A$18MNo later round recorded
Jun 2017Series A$18MNo later round recorded
Remidio ↗Bengaluru
Nov 2015Angel$542KNo later round recorded
Mar 2013Seed$400KNo later round recorded
0 more companies have undated investments

Kept in the 7-company portfolio; excluded from entry-timing calculations.

    RESEARCH THE FIT. THEN MAKE THE CASE.

    Your pitch starts with
    your company.

    Research your market ↗
    RADAR / COMPANY DISCOVERY

    Find the businesses
    worth a closer look.

    Search , India investor companies in Radar. Filter the company directory to explore the businesses behind your market and investor research.

    Explore companies in Radar ↗
    FLIAR / CUSTOM DASHBOARD SERVICE

    A research dashboard.
    Built for your company.

    We build customized research dashboards for companies. Tell us which competitors, markets and questions matter to your team, and discuss a dashboard designed around your needs.

    Discuss a custom dashboard ↗A customized service from Fliar. Contact us to discuss your requirements.
    FLIAR PRISM / RESEARCH TOOL

    Turn your questions
    into deeper research.

    Use Fliar Prism to research a company, market or topic, with reports and insights drawn from its research dataset.

    Explore Fliar Prism ↗Start with the company or question you want to understand.
    CONTINUE YOUR RESEARCH

    Continue with Radar

    Sign in to Radar to continue researching this investor.

    Sign in to Radar ↗