Angel investing has soared in recent years, as many individuals seek better returns on their money than what they can get from traditional investment methods.
An angel investor is someone who helps out startups early in their lifecycle, and generally puts in funds in the range of Rs 10 lakh to Rs 3 crore.
According to research carried out by YourStory, only a few early-stage deals took place in 2017 as compared with the previous two years. In 2017, only 485 Series-A and pre-Series-A deals took place, worth $542 million, while in 2016, there were 795 early-stage deals worth $628 million and, in 2015, there were 716 such deals worth a staggering $1.39 billion.
Below are some of the top Indian angel investors of 2018 and their funding history.
Anupam Mittal is the founder and CEO of People Group, which was started in 1997, and owns businesses like Shaadi.com, Makaan.com, Mauj Mobile and has also produced films like Flavour. From 2011, Anupam has invested in nearly 30 startups including, Ola, Zepo, PinkBlue, Trell, and Healofy. In 2018, he has invested in five startups so far. The sectors that Anupam focuses on include co-working space, real estate, healthcare, hyperlocal, and mobile app. Anupam, who graduated from Boston College, is also a board member of Lets Venture and College Search.
Co-founder and Group CEO of India’s largest ecommerce company Flipkart, Binny has made 26 personal investments that include CureFit, Unacademy, Inshorts, Roposo, and YumLane, among others. His first investment was in 2013 in Giveter, an online platform that offers gift recommendation services for men and women. Binny has made already four investments in 2018 – in YumLane, Avail Finance, Pandorum Technologies and SigTuple –foodtech, fintech, biotechnology, and healthtech startups respectively. His biggest investment till date is in Sheroes, a women’s community platform for $50 million in 2015.
In 2010, Girish Mathrubootham founded SaaS platform Freshdesk (now Freshworks) in Chennai. Prior to that, Girish was the VP of Product Management at ManageEngine, a division of Zoho Corp. He has made 20 investments so far – four in 2018: FactorDaily, Pando, Paperflite, and Zenprivex (ZPX) – a media, logistics, SaaS, and fintech startup respectively. Girish has invested in startups like iService, Unacademy, and Inkmonk, with his largest investment being Unacademy for $4.5 million in 2017.
Rajan Anandan is a vice president and Managing Director of Google, South East Asia and India but is also an active angel investor in early-stage technology companies. Rajan has made a total of 58 investments, with three investments in 2018 that include Buttercups, PregBuddy, and Trell. Some of the other startups he has invested in include Inclov, Dunzo, CroFarm and Unacademy. His areas of investment include technology, fashion, healthtech and hyperlocal. His first biggest investment disclosed till date was $5million in authorSTREAM.com in 2010. He has worked with McKinsey & Company, Dell and Microsoft before joining Google.
Beginning this year, Lakshmi Narayanan has made three investments in startups like Furlenco, Paperflite, and Smaaash with the highest of 6.2 million on Smaaash. He is one of the founding members of Cognizant Technology Solutions. Prior to joining the company, Narayanan was the regional head of Tata Consultancy Services and holds a BSc, and MSc degree from the Indian Institute of Science, Bangalore.