Angel investor · Mumbai, India
Recorded investments.
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of dated first investments
were at Angel, Pre-Seed or Seed
One dot = one company at first recorded investment.
Written insights from the recorded portfolio, with the evidence linked below.
Utpal Doshi has dated investments in 31 companies. 28 first entries were at Angel, Pre-Seed or Seed (90.3%). An early-stage founder can use the sector and stage filters to find comparable companies before approaching the investor.
Explore the evidence ↗0 first company relationships appear in the latest 24 months, compared with 8 in the preceding window. The latest recorded investment is 2024-03-26. This describes observed activity through 2026-05-22; it does not establish current availability.
Explore the evidence ↗25 of 31 companies with a full 24-month observation window raised another equity round. This investor backed 9 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 ↗FinTech is the largest displayed sector by company count, appearing in 6 portfolio companies; sector tags overlap. 1 first entries carry a recorded lead flag and the median first-round syndicate includes 34 other named backers. Shared rounds are evidence of co-investment, not evidence of an introduction route.
Explore the evidence ↗Start with observed behavior.
Every rate has a defined denominator.
25th–75th percentile across 30 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.
Size your round ↗22 May 2024–22 May 2026, versus 8 in the preceding 24 months.
See the rhythm ↗25 of 31 companies with a full observation window. The next round can include any investor.
Follow the path ↗9 of the same 31 companies. Build a financing plan around the wider investor market.
Explore co-investors ↗Choose your sector and stage to find
companies he first backed in that space.
A match means a recorded investment in this category. It does not establish current interest or availability.
All sectors · All entry stages. Round amounts are total financing, in USD.
AI-powered cashflow management platform for enterprises
$1.6M total first roundProvider of lending infrastructure and analytics platform for financial institutions
$612K total first roundProvider of digital solutions for loan origination and collateral management
$525K total first round| Sector | Angel | Seed | Series A | All stages |
|---|---|---|---|---|
| FinTech | 6 | |||
| Retail Tech | 6 | |||
| B2C E-Commerce | 4 | |||
| Cloud Banking | 3 | |||
| FinTech SaaS | 3 | |||
| Commerce Enablers | 3 | |||
| E-Commerce Enablers | 3 |
Use stage-specific financing ranges
to frame the size of your syndicate.
Logarithmic scale. A dot marks the median; the band spans the 25th–75th percentiles. These are entire rounds, not individual cheques.
A subsequent round and repeat backing
answer different fundraising questions.
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.
| First stage | Eligible companies | Next round ≤24 mo | Same investor again ≤24 mo |
|---|---|---|---|
| Angel | 1 | 1 / 1 | 0 / 1 |
| Seed | 27 | 21 / 27 | 7 / 27 |
| Series A | 2 | 2 / 2 | 1 / 2 |
| Series B | 1 | 1 / 1 | 1 / 1 |
Separate first investments from later
rounds in companies already backed.
*2026 is partial, through 22 May. Bar height counts first investments + repeat rounds; earlier years are complete calendar periods in this dataset.
Frequent shared rounds suggest a place
to investigate sector and stage alignment.
16 shared rounds · 13 companies
Latest shared round Jan 2024Shared rounds establish recorded co-investment. They do not establish a personal connection, introduction route, or current willingness to invest.
First investment comes first.
Amounts refer to that entry round.
| Company | First backed | Entry stage | Total entry round | Same investor again? |
|---|---|---|---|---|
ZenStatement ↗Bengaluru | Mar 2024 | Seed | $1.6M | No later round recorded |
Money ↗India | Sep 2023 | Seed | $612K | No later round recorded |
50Fin ↗Bengaluru | Jul 2023 | Seed | $525K | No later round recorded |
LUZO ↗Mumbai | May 2023 | Seed | $250K | No later round recorded |
FroGo ↗Gurugram | Mar 2023 | Angel | $18K | No later round recorded |
FALCA ↗Bengaluru | Sep 2022 | Seed | $3.0M | No later round recorded |
Emo Energy ↗Bengaluru | Jul 2022 | Seed | $179K | No later round recorded |
Knorish ↗Gurugram | May 2022 | Seed | $525K | No later round recorded |
Wizzy ↗Ahmedabad | Feb 2022 | Seed | $300K | No later round recorded |
Hudle ↗Delhi | Feb 2022 | Series A | $1.5M | Yes · Jan 2024 |
| May 2021 | Seed | $387K | Yes · Dec 2021 | |
Accio Robotics ↗Bengaluru | Mar 2021 | Seed | $264K | Yes · Sep 2022 |
PumPumPum ↗Gurugram | Mar 2021 | Seed | $849K | No later round recorded |
Fabheads ↗Chennai | Feb 2021 | Seed | $1.4M | No later round recorded |
Mindler ↗Delhi | Jan 2021 | Seed | $1.5M | No later round recorded |
Bolo Live ↗Gurugram | Jan 2021 | Seed | $540K | No later round recorded |
Firmway ↗Mumbai | Jan 2021 | Seed | $66K | No later round recorded |
Career Anna ↗Mumbai | Apr 2020 | Seed | $864K | No later round recorded |
Frido ↗Pune | Apr 2020 | Seed | $65K | Yes · Sep 2021 |
Arcatron ↗Pune | Apr 2020 | Seed | $66K | Yes · Sep 2021 |
MoveWorld ↗Bengaluru | Jan 2020 | Seed | $364K | Yes · Sep 2020 |
Dror ↗Gurugram | Jan 2020 | Seed | $423K | No later round recorded |
Sportido ↗Noida | Dec 2019 | Series B | $293K | Yes · Jun 2021 |
Oga ↗Bengaluru | Nov 2019 | Seed | $687K | Yes · Sep 2020 |
peAR Technologies ↗Mumbai | Oct 2019 | Seed | $61K | No later round recorded |
CoutLoot ↗Mumbai | Jun 2019 | Series A | $760K | No later round recorded |
Fashor ↗Chennai | Mar 2019 | Seed | $791K | No later round recorded |
SupplyNote ↗Noida | Nov 2018 | Seed | $393K | No later round recorded |
Zoop ↗Pune | Nov 2017 | Seed | $42K | Yes · May 2019 |
Skillenza ↗Bengaluru | Oct 2017 | Seed | $720K | No later round recorded |
Aisle ↗Bengaluru | Feb 2017 | Seed | Undisclosed | No later round recorded |
No companies match these filters. Try a broader sector or stage.
Kept in the 31-company portfolio; excluded from entry-timing calculations.
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