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Mumbai Angels

Founders Prashant Choksey Praveen Chakravarty

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 225
Average round size
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The average size of a deal this fund participated in
$965K
Portfolio companies 185
Rounds per year 12.50
Lead investments 75
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.17
Exits 22
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • E-Commerce
  • Food and Beverage
  • Information Technology
  • Internet
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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Funds investing in previous rounds
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Typical Co-investors
Mumbai Angels is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Mumbai Angels:
There are no funds here. If we find new data, we will add it here.

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Bambrew

Packaging Services
Sustainability
$7M29 Mar 2024 Bangalore, Karnataka, India

Vgenomics

Biotechnology
Health Care
16 Jan 2024 Delhi, Delhi, India

Burger Singh

Food and Beverage
Food Delivery
Restaurants
Snack Food
14 Dec 2023 Gurugram, Haryana, India

Proost69

$3M25 Oct 2023 Gurgaon, Haryana, India

insideFPV

$455K21 Sep 2023 -

Red Basil Technologies

Food and Beverage
Wholesale
24 Jul 2023 Gurgaon, Haryana, India

Oben EV

Automotive
Electric Vehicle
Manufacturing
Sustainability
Transportation
$5M27 Jun 2023 Bangalore, Karnataka, India

SafEarth

CleanTech
Software
Solar
$455K21 Jun 2023 Bengaluru, Karnataka, India

Sugar Watchers

Food Processing
Organic Food
$468K04 May 2023 Mumbai, Maharashtra, India

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Total investments 225
Average round size 965K
Rounds per year 12.50
Peak activity year 2021
Lead investments 75
Follow on index 0.17
Exits 22
Group Appearance index 0.60

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Bambrew

Packaging Services
Sustainability
$7M29 Mar 2024 Bangalore, Karnataka, India

Vgenomics

Biotechnology
Health Care
16 Jan 2024 Delhi, Delhi, India

Burger Singh

Food and Beverage
Food Delivery
Restaurants
Snack Food
14 Dec 2023 Gurugram, Haryana, India

Proost69

$3M25 Oct 2023 Gurgaon, Haryana, India

insideFPV

$455K21 Sep 2023 -

Red Basil Technologies

Food and Beverage
Wholesale
24 Jul 2023 Gurgaon, Haryana, India

Oben EV

Automotive
Electric Vehicle
Manufacturing
Sustainability
Transportation
$5M27 Jun 2023 Bangalore, Karnataka, India

SafEarth

CleanTech
Software
Solar
$455K21 Jun 2023 Bengaluru, Karnataka, India

Sugar Watchers

Food Processing
Organic Food
$468K04 May 2023 Mumbai, Maharashtra, India
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