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

Angel investor · Gurugram, India

Vikas Kuthiala.

Recorded investments.
A clearer sense of fit.

Find where your company fits, how rounds are assembled, and what happened after the first investment.

Find your comparables
THE ENTRY PATTERN2012–2026
93%

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

First investment stage across 70 companies63 Seed, 2 Angel and 5 other-stage entries. Each dot represents one company.
Seed 63Angel 2Other 5

One dot = one company at first recorded investment.

70 companies · 110 recorded equity rounds
Dataset’s latest round 22 May 2026/Latest recorded investment 12 Aug 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

Vikas Kuthiala has dated investments in 70 companies. 65 first entries were at Angel, Pre-Seed or Seed (92.9%). 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 3 in the preceding window. The latest recorded investment is 2024-08-12. This describes observed activity through 2026-05-22; it does not establish current availability.

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03

Plan the next financing step

44 of 69 companies with a full 24-month observation window raised another equity round. This investor backed 27 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 14 portfolio companies; sector tags overlap. 21 first entries carry a recorded lead flag and the median first-round syndicate includes 39 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
$292K–$603K

The middle half of entry rounds

25th–75th percentile across 69 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 3 in the preceding 24 months.

See the rhythm ↗
03 — NEXT FINANCING
64%

Another equity round within 24 months

44 of 69 companies with a full observation window. The next round can include any investor.

Follow the path ↗
04 — REPEAT BACKING
39%

This investor invested again within 24 months

27 of the same 69 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.

70matching companies
$443Kmedian first round (69 disclosed)
1first backed in last 24 months

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

Seed

MiClient ↗

AI-powered CPQ platform built for industrial companies

$465K total first round
Seed

Beatoven.ai ↗

Developer of an AI platform generating royalty-free music and sound effects

$1.3M total first round
Seed

SafEarth ↗

Provider of an online marketplace for the adoption of solar power solutions

Undisclosed 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-Commerce14
Retail Tech13
Life Sciences6
Commerce Enablers5
EdTech5
Internet First Brands5
Fashion Tech5
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
Angel2 disclosed
$287K$209K–$365K
Seed62 disclosed
$431K$291K–$559K
Series A5 disclosed
$1.6M$1.2M–$2.7M
$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.

69
companies with 24 months
of observable history

Raised another equity round

Any investor · within 24 months
63.8%
44 of 69 companies

Backed again by this investor

A subset of the companies above
39.1%
27 of 69 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
Angel21 / 21 / 2
Seed6241 / 6225 / 62
Series A52 / 51 / 5
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

Indian Angel Network

70 shared rounds · 57 companies

Latest shared round Aug 2024
02
ANGEL

Raman Roy ↗

64 shared rounds · 43 companies

Latest shared round Mar 2023
03
ANGEL

Nitin Singhal ↗

29 shared rounds · 23 companies

Latest shared round Feb 2022
05
FIRM

Pragnya

27 shared rounds · 19 companies

Latest shared round Dec 2022
06
FIRM

Haystack

25 shared rounds · 17 companies

Latest shared round Mar 2023

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.

70 dated companies
Complete dated portfolio, ordered by first investment, newest first.
CompanyFirst backedEntry stageTotal entry roundSame investor again?
MiClient ↗Gurugram
Aug 2024Seed$465KNo later round recorded
Mar 2024Seed$1.3MNo later round recorded
SafEarth ↗Bengaluru
Mar 2023SeedUndisclosedNo later round recorded
Crest ↗Bengaluru
Jan 2023Seed$803KNo later round recorded
Apr 2022Series A$657KNo later round recorded
Mar 2022Seed$683KNo later round recorded
Feb 2022Seed$457KNo later round recorded
eShipz ↗Bengaluru
Sep 2021Seed$700KNo later round recorded
Unotag ↗Bengaluru
Mar 2021Seed$38KNo later round recorded
UnoTag ↗Bengaluru
Mar 2021Seed$68KYes · May 2022
Jan 2021Seed$102KNo later round recorded
Jan 2021Seed$102KYes · Mar 2022
Aug 2020Seed$333KYes · Feb 2022
MIMYK ↗Bengaluru
Mar 2020Seed$292KNo later round recorded
Mar 2020Seed$67KYes · Apr 2021
Jan 2020Seed$629KYes · May 2021
Swift ↗Bengaluru
Dec 2019Seed$140KNo later round recorded
Dec 2019Seed$449KYes · Dec 2022
Sattuz ↗Madhubani
Nov 2019Seed$55KNo later round recorded
Pareeksha ↗Gandhinagar
Oct 2019Seed$502KNo later round recorded
WeeClu ↗Hyderabad
Aug 2019Seed$576KNo later round recorded
Orbo ↗Mumbai
Jul 2019Seed$1.6MNo later round recorded
Jul 2019Seed$1.8MYes · Oct 2020
Wizikey ↗Gurugram
May 2019Seed$360KYes · Jul 2021
Apr 2019Series A$2.7MNo later round recorded
Apr 2019Seed$575KNo later round recorded
Jan 2019Seed$1.9MNo later round recorded
Artivatic ↗Bengaluru
Dec 2018Seed$429KYes · Nov 2020
Aug 2018Seed$341KYes · Sep 2019
Jul 2018Seed$808KNo later round recorded
Pandorum ↗Bengaluru
Dec 2017Series A$3.6MYes · Jun 2021
Oct 2017Seed$226KNo later round recorded
Mar 2017Seed$310KYes · Mar 2018
Mar 2017Angel$443KNo later round recorded
Oct 2016Seed$142KNo later round recorded
Jul 2016Seed$471KNo later round recorded
Staqu ↗Gurugram
Jun 2016Seed$443KYes · Apr 2018
Jun 2016Seed$447KNo later round recorded
Jun 2016Seed$500KYes · Feb 2017
Apr 2016Series A$1.2MYes · Oct 2017
Feb 2016Seed$368KYes · Apr 2017
Transcell ↗Hyderabad
Feb 2016Seed$377KYes · Apr 2017
Feb 2016Seed$296KYes · Jan 2017
Nov 2015Seed$1.0MYes · Jun 2017
Nov 2015Seed$469KYes · Jan 2019
Sep 2015Seed$407KNo later round recorded
InstaSafe ↗Bengaluru
Aug 2015Seed$241KNo later round recorded
Aug 2015Seed$600KYes · Nov 2016
Jun 2015Series A$1.6MNo later round recorded
May 2015Seed$603KNo later round recorded
Apr 2015Seed$184KNo later round recorded
Apr 2015Seed$483KNo later round recorded
Mar 2015Seed$350KYes · Feb 2016
Jan 2015Seed$484KNo later round recorded
Process9 ↗Gurugram
Jan 2015Seed$434KYes · Jan 2016
Oct 2014Seed$186KNo later round recorded
FarEye ↗Chicago
Oct 2014Seed$328KNo later round recorded
Tattva Spa
Sep 2014Seed$319KYes · May 2016
GoCoop ↗Bengaluru
Jan 2014Seed$261KYes · Feb 2015
GoCoop ↗Bengaluru
Dec 2013Seed$291KYes · Feb 2015
Nov 2013Seed$265KYes · Aug 2015
Oct 2013Seed$511KNo later round recorded
Sep 2013Angel$130KYes · Jun 2015
Sep 2013Seed$298KNo later round recorded
Jan 2013Seed$235KYes · Mar 2015
Nov 2012Seed$294KYes · Dec 2013
Kissflow ↗Wilmington
Mar 2012Seed$1.0MNo later round recorded
Feb 2012Seed$454KNo later round recorded
Jan 2012Seed$645KYes · Sep 2013
Jan 2012Seed$500KYes · Feb 2013
0 more companies have undated investments

Kept in the 70-company portfolio; excluded from entry-timing calculations.

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