According to Inc42 DataLabs, since H1 2015, over 1668 unique angel investors have participated in the Indian tech startup funding. Starting with 257 in H1 2015, the participation of angels investors in the startup funding reached 326 in H1 2017 i.e. a rise by 27%.
Though most of the angel investors have participated in a single deal, if we look at the historical data of startup funding in India, since H1, 2015, over 127 angel investors participated in more than three deals and about 560 Angel investors participated in more than one deal.
Angel investors play an important role in the growth of startups. Being the first investor in the company, they guide startups in their initial journey and help them raise the first institutional round. A few years back, angel investing was more about HNIs (high net-worth individuals) investing in startups but, in the past few years, more and more entrepreneurs have boarded the angel investing bandwagon.
In this article, we would like to highlight the top angels who participated in Indian tech startup funding in H1 2017, based on the number of deals they participated in and were publicly disclosed.
Most Active Angel Investors: Indian Tech Startup Funding H1 2017
Girish Mathrubootham took the crown of the most active angel investor in India for H1 2017 with five investments. Here is a brief overview of top seven angel investors and the details of the startups they invested in:
Here is a brief overview of top seven angel investors and the details of the startups they invested in:
#Rank1 Girish Mathrubootham, CEO & Founder, Freshdesk – Whatfix, The Ken, Innov8, GoBumpr and iService
#Rank2 Rajan Anandan, VP & MD, SEA & India, Google – Lucideus, Omnify, Innov8, and Wishberry
#Rank2 Anand Chandrasekaran, Director, Head of Platform & Product Partnerships, Facebook – Uncanny Vision, Fynd, LetsVenture and Innov8
#Rank3 Nandan Nilekani, Co-Founder, Infosys – The Print, 4tigo and Ninjacart
#Rank3 Gokul Rajaram, Product Engineering Lead, Square – CureFit, Squad and Whatfix
#Rank3 Kunal Shah, Freecharge (now part of Sequoia Capital) – Spinny, Lets Reap and Innov8
#Rank3 V Balakrishnan, Infosys – GSTSTAR, Absentia and TaxSutra
This article is part of Inc42’s Indian Tech Startup Funding Report, released this week. As per the report, about $5.56 Bn was invested across 452 Indian tech startups during the period January-June 2017. In the next article of this series, we will be highlighting the top VC firms that participated in Indian Tech startup funding.