Mumbai Angels

Type

Angel Group/Syndicate

Status

Active

Location

Mumbai, India

Total investments

231

Average round size

1M

Portfolio companies

186

Rounds per year

12.83

Lead investments

75

Follow on index

0.19

Exits

22

Stages of investment
SeedEarly Stage Venture
Areas of investment
E-CommerceInternetSoftwareAnalyticsInformation TechnologyFood and BeverageHealth CareSaaSEducationAdvertising

Summary

In 2006 was created Mumbai Angels, which is appeared as Corporate Investor. The venture was found in Asia in India. The leading representative office of defined Corporate Investor is situated in the Mumbai.

The fund was created by Prashant Choksey, Praveen Chakravarty. We also calculated 3 valuable employees in our database.

The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the most popular fund investment industries, there are Food and Beverage, Advertising. For fund there is a match between the country of its foundation and the country of its the most frequent investments - India. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. Among the various public portfolio startups of the fund, we may underline InMobi, Rizort, NoPaperForms Solutions Pvt. Ltd.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the Mumbai Angels, startups are often financed by Kae Capital, Singapore Angel Network, Microsoft Accelerator Bangalore. The meaningful sponsors for the fund in investment in the same round are Kae Capital, Singapore Angel Network, growX ventures. In the next rounds fund is usually obtained by Kalaari Capital, Chiratae Ventures, Omidyar Network.

The fund is generally included in 7-12 deals every year. The important activity for fund was in 2019. Considering the real fund results, this Corporate Investor is 19 percentage points more often commits exit comparing to other organizations. The common things for fund are deals in the range of 1 - 5 millions dollars. The higher amount of exits for fund were in 2015. When the investment is from Mumbai Angels the average startup value is 1-5 millions dollars. Opposing the other organizations, this Mumbai Angels works on 16 percentage points less the average amount of lead investments.

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Investor highlights

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Investments analytics

Analytics

Total investments
231
Lead investments
75
Exits
22
Rounds per year
12.83
Follow on index
0.19
Investments by industry
  • Software (33)
  • E-Commerce (30)
  • Food and Beverage (24)
  • Information Technology (22)
  • Internet (20)
  • Show 202 more
Investments by region
  • India (200)
  • United States (17)
  • Singapore (2)
  • United Arab Emirates (1)
  • China (1)
Peak activity year
2021
Number of Unicorns
3
Number of Decacorns
3

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Quantitative data

Avg. startup age at the time of investment
9
Avg. valuation at time of investment
60M
Group Appearance index
0.60
Avg. company exit year
8
Avg. multiplicator
1.15
Strategy success index
0.30

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Aerostrovilos Energy 06 Jun 2020 Energy, Service Industry, Environmental Engineering Seed 52K
Burger Singh 14 Dec 2023 Food and Beverage, Restaurants, Food Delivery, Snack Food Early Stage Venture Haryana, Gurugram, India
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.