Mumbai Angels

Mumbai Angels Network, established in 2006, stands as one of India's pioneering and most extensive angel investment platforms. With a robust network comprising over 700 active investors, the firm has played a pivotal role in nurturing the Indian startup ecosystem for nearly two decades. It primarily focuses on early-stage, seed, and pre-Series A investments, aiming to provide crucial capital and strategic mentorship to promising ventures across diverse sectors.

The firm boasts an impressive portfolio, having invested in more than 270 startups across various industries, including FinTech, SaaS, Healthcare, DeepTech, and Consumer. Mumbai Angels is known for its sector-agnostic approach, seeking innovative solutions and strong founding teams. Their long-standing presence in the market has led to significant successes, with over 100 exits and more than 10 IPOs from their portfolio companies, demonstrating their ability to identify and scale high-potential businesses.

While primarily known for its angel investment activities, Mumbai Angels has also expanded its funding capabilities. In December 2022, the firm announced the final close of its maiden venture capital fund, Mumbai Angels Network Fund I, at INR 200 crore (approximately $24.4 million), which has already deployed capital into 18 startups. This fund complements their core angel investments, allowing them to participate in larger rounds or provide follow-on funding. For their typical angel-stage first checks, Mumbai Angels generally invests between $100,000 and $1,000,000, providing essential early capital to nascent companies.