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

Angel investor · Gurugram, India

Varun Alagh.

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 PATTERN2020–2026
82%

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

First investment stage across 73 companies52 Seed, 8 Angel and 13 other-stage entries. Each dot represents one company.
Seed 52Angel 8Other 13

One dot = one company at first recorded investment.

73 companies · 80 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 27 Feb 2026
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

Varun Alagh has dated investments in 73 companies. 60 first entries were at Angel, Pre-Seed or Seed (82.2%). 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

12 first company relationships appear in the latest 24 months, compared with 19 in the preceding window. The latest recorded investment is 2026-02-27. This describes observed activity through 2026-05-22; it does not establish current availability.

Explore the evidence ↗
03

Plan the next financing step

40 of 61 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.

Explore the evidence ↗
04

Use a specific point of relevance

B2C E-Commerce is the largest displayed sector by company count, appearing in 23 portfolio companies; sector tags overlap. 5 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
$565K–$3.1M

The middle half of entry rounds

25th–75th percentile across 72 disclosed first rounds. Total round size; the investor’s own cheque is undisclosed.

Size your round ↗
02 — NEW RELATIONSHIPS
12companies

First investments in the last 24 months

22 May 2024–22 May 2026, versus 19 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
66%

Another equity round within 24 months

40 of 61 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
10%

This investor invested again within 24 months

6 of the same 61 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.

73matching companies
$1.6Mmedian first round (72 disclosed)
12first backed in last 24 months

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

Seed

Temple ↗

Provider of wearable technology solutions for health monitoring and tracking

$54M total first round
Angel

MeMeraki ↗

Online brand offering traditional artworks

$110K total first round
Angel

Japam ↗

Online retailer of spiritual jewellery, rudraksha malas, and energy stones

$166K 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-Commerce23
Retail Tech23
Internet First Brands15
FinTech9
Commerce Enablers9
E-Commerce Enablers9
HealthTech8
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
Angel8 disclosed
$138K$97K–$327K
Seed51 disclosed
$1.0M$683K–$2.6M
Series A11 disclosed
$4.0M$2.7M–$6.2M
$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.

61
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
65.6%
40 of 61 companies

Backed again by this investor

A subset of the companies above
9.8%
6 of 61 companies
i

Includes first investments on or before 22 May 2024. 12 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
Angel33 / 31 / 3
Seed4527 / 455 / 45
Series A119 / 110 / 11
Series E+21 / 20 / 2
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

Titan Capital

17 shared rounds · 17 companies

Latest shared round Jul 2025
02
ANGEL

Kunal Bahl ↗

16 shared rounds · 16 companies

Latest shared round Feb 2026
03
FIRM

Angel List

13 shared rounds · 12 companies

Latest shared round Jun 2024
04
ANGEL

Kunal Shah ↗

11 shared rounds · 11 companies

Latest shared round Feb 2024
05
ANGEL

Rohit Bansal ↗

11 shared rounds · 11 companies

Latest shared round Jul 2025
06
FIRM

Stellaris Venture Partners

10 shared rounds · 9 companies

Latest shared round Jun 2024

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.

73 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
Feb 2026Seed$54MNo later round recorded
MeMeraki ↗Gurugram
Feb 2026Angel$110KNo later round recorded
Japam ↗Sahibzada Ajit Singh Nagar
Jan 2026Angel$166KNo later round recorded
Jan 2026Angel$277KNo later round recorded
MYPB ↗Ahmedabad
Jan 2026Angel$78KNo later round recorded
Smylo ↗Gurugram
Jan 2026Angel$83KNo later round recorded
Rotoris ↗Gurugram
Dec 2025Seed$3.0MNo later round recorded
Sep 2025Seed$795KNo later round recorded
Heizen ↗Hyderabad
Jul 2025Seed$500KNo later round recorded
Jun 2024Seed$2.0MNo later round recorded
Lumio ↗Bengaluru
Jun 2024Seed$4.3MYes · Jul 2024
Jun 2024Seed$4.3MNo later round recorded
Belong ↗Bengaluru
May 2024Seed$5.0MYes · Jul 2025
Boba Bhai ↗Bengaluru
Apr 2024Seed$1.5MNo later round recorded
Apr 2024Angel$479KNo later round recorded
Feb 2024Seed$2.0MNo later round recorded
Mitigata ↗Bengaluru
Jan 2024Seed$962KNo later round recorded
Jul 2023Seed$1.0MNo later round recorded
May 2023Seed$1.0MNo later round recorded
May 2023Seed$1.3MNo later round recorded
KikiBix ↗Gurugram
Mar 2023Seed$300KNo later round recorded
Feb 2023Series A$6.0MNo later round recorded
UnORG ↗Lucknow
Feb 2023Seed$1.2MNo later round recorded
Magma ↗Ahmedabad
Jan 2023Seed$2.8MNo later round recorded
Gold Setu ↗Bengaluru
Oct 2022Seed$1.0MNo later round recorded
Sep 2022Seed$3.5MNo later round recorded
Aug 2022Series A$10MNo later round recorded
BankSathi ↗Bengaluru
Aug 2022Seed$2.7MYes · Jan 2023
Jul 2022SeedUndisclosedNo later round recorded
Jul 2022Series A$3.0MNo later round recorded
Localwell ↗Ahmedabad
Jun 2022Seed$615KNo later round recorded
Skye Air ↗Gurugram
May 2022Seed$1.7MNo later round recorded
dpanda ↗Gurugram
May 2022Seed$2.0MNo later round recorded
May 2022Seed$1.0MNo later round recorded
Apr 2022Series A$1.8MNo later round recorded
Apr 2022Seed$2.7MNo later round recorded
Mokobara ↗Bengaluru
Mar 2022Series A$6.5MNo later round recorded
Floryo ↗Bengaluru
Mar 2022Seed$1.6MNo later round recorded
BharatX ↗Bengaluru
Mar 2022Seed$4.5MNo later round recorded
Mar 2022Seed$1.6MNo later round recorded
Mar 2022Seed$1.8MNo later round recorded
eské ↗Mumbai
Feb 2022Seed$494KNo later round recorded
Feb 2022Seed$750KNo later round recorded
Jan 2022Seed$886KNo later round recorded
Jan 2022Seed$1.0MNo later round recorded
Amplify ↗Gurugram
Jan 2022Seed$1.0MNo later round recorded
Dec 2021Series A$4.0MNo later round recorded
Dec 2021Series E+$160MNo later round recorded
Dec 2021Series E+$100MNo later round recorded
Dec 2021Seed$332KNo later round recorded
Oct 2021Seed$221KYes · May 2022
Sep 2021Seed$565KNo later round recorded
BeepKart ↗Bengaluru
Sep 2021Seed$3.1MNo later round recorded
Jul 2021Seed$565KYes · Oct 2021
Workduck ↗Bengaluru
Jul 2021Seed$914KNo later round recorded
Jul 2021Seed$450KNo later round recorded
Jun 2021Series A$5.8MNo later round recorded
Jun 2021Seed$2.5MNo later round recorded
Jun 2021Series A$2.4MNo later round recorded
Cuvette ↗Bengaluru
May 2021Seed$180KNo later round recorded
May 2021Series A$6.3MNo later round recorded
May 2021Seed$326KNo later round recorded
Pazcare ↗Bengaluru
Apr 2021Series A$3.6MNo later round recorded
Apr 2021Angel$3.3MYes · Oct 2021
Trinkerr ↗Bengaluru
Mar 2021Series A$1.7MNo later round recorded
Mar 2021Seed$968KNo later round recorded
LimeChat ↗Bengaluru
Mar 2021Seed$755KYes · Mar 2022
Feb 2021Seed$300KNo later round recorded
Feb 2021Seed$3.2MNo later round recorded
Jan 2021Seed$5.7MNo later round recorded
Jan 2021Seed$1.7MNo later round recorded
Quinn ↗Bengaluru
Dec 2020Angel$102KNo later round recorded
Aug 2020Seed$546KNo later round recorded
0 more companies have undated investments

Kept in the 73-company portfolio; excluded from entry-timing calculations.

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