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This article is part of our series on the essentials of starting up in India in which we had earlier compiled the Top 15 Accelerators, Top 20 Incubators, CoWorking spaces and Venture Capital firms in India.
Driven by the desire to change things the way they work, entrepreneurs strive to realise the true potential of their business ideas. But, lack of deep pockets and competition from bigger market players is something that kicks the startups out of their road to success. It is these initial times and hardships that startups need a backing. And, this is exactly where Angel Investors come into play.
Angel investors are usually experienced entrepreneurs who themselves have been through the same phase and the ones who understand what it takes to create a billion dollar company out of an Idea. With handsome amounts of money in their pockets and a will to trust others with their finances, these ‘Angels’ step in and provide the initial support and sometimes mentorship that helps startups successfully take over these crucial and challenging times.
As a part of our In Focus: Starting Up In India series, this time we bring to you comprehensive list of active angel investors in India.
Sunil Kalra
Educational Qualification: Graduated from University Of Texas at Austin in Marketing and International Trade(1984-1986)
Startups Invested In: TargetingMantra, Instamojo, CultureAlley, Aurality, AdPushup, Frrole, Mobilewalla, Druva, Jigsee, Innoveda, Airwoot, HashCube, Sapience, Wishberry, Crayon Data
Industries: Sector Agnostic
Sharad Sharma
Educational Qualification: Graduated from Delhi College Of Engineering in Electronic Engineering (1982-1986)
Startups Invested In: Frrole, Mobilewalla, HashCube, Druva Software, Kwench Library Solution, Vayavya Labs, Unbxd, Consure Medical, Aurus Network Infotech Pvt. Ltd
Industries: Consumer Internet, Mobile and SaaS
Rajan Anandan
Educational Qualification: MSc. in Manufacturing Systems Engineering From Stanford University(1991-1992) and BSc. from Massachusetts Institute Of Technology(1987-1991)
Startups Invested In: StepOut, Capillary Technologies, Sourceeasy, 24/7 Techies,TargetingMantra, Instamojo, CultureAlley, Social Cops,MissMalini.com, Socialblood.org, Mobilewalla, POPxo.com
Industries: Internet, Mobile and Saas based startups
Krishnan Ganesh
Educational Qualifications: Graduated from Delhi College of Engineering in Mechanical Engineering(1977-1982) and did Post graduation from IIM-Calcutta in Management(1983-1985)
Startups Invested In: Must See India, SilverPush, HackerEarth, Oximity, Overcart, Browntape, delyver.com, Onlineprasad.com.
Industries: Consumer Internet, Healthcare, Education and Tech Companies
Meena Ganesh
Educational Qualifications: Graduated from Women’s Christian College in Physics Hons.(1980-1983) and Post Graduated from IIM-Calcutta (1983-1985)
Startups Invested In: Must See India, SilverPush, HackerEarth, Oximity, Overcart, Browntape, delyver.com, onlineprasad.com.
Industries: Consumer Internet, Healthcare and SaaS
Ritesh Malik
Educational Qualifications: Did his MBBS from M.G.R. Medical University(2007-2012)
Startups Invested In: RHlvision, Mashinga, Asimov Robotics, SectorQube Technolabs, Bisko Labs, Inc42
Industries: Technology, Hardware
Nikunj Jain
Educational Qualifications: IIT-Delhi dropout in Textile Technology(2006-2010)
Startups Invested In: Gingr, Piquor, Agatsa, workouttrends.com, Inc42
Industries: Sector Agnostic
Anupam Mittal
Educational Qualifications: Graduated from Boston College(1994-1997).
Startups Invested In: Tushky.com, Olacabs, PrettySecrets, Sapience, Druva Software, Zepo, Peelworks, Taxspanner, Cafe Zoe, Interactive Avenues
Industries: Clean Technology, Consumer Internet, Mobile, Healthcare and SaaS
Kunal Bahl
Educational Qualifications: Graduated from Wharton School of Pennsylvania
Startups Invested In: Tripoto, Tiny Owl, Bewakoof, Gigstart, Olacabs, and Unicommerce
Industries: Ecommerce and related sectors
Sachin Bansal
Educational Qualifications: Graduated From IIT-Delhi in Computer Science(2000-2005)
Startups Invested In: Ather, TouchTalent, Roposo, NewsInShorts, MadRat Games, Spoonjoy
Industries: Technology
Naveen Tewari
Educational Qualifications: Graduated from I.I.T. Kanpur in Mechanical Engineering(1996-2000) and did his MBA from Harvard Business School in General Management(2003-2005)
Startups Invested In: tushky, moneysights, Mettl and LetsVenture
Industries: Internet and Mobile Businesses
Ravi Gururaj
Educational Qualifications: Graduated from University of Pennsylvania in Economics and Computer Science Engineering(1984-1989) and did his MBA from Harvard Business SChool(1998-1999)
Startups Invested In: GrexIt, Tookitaki, Socialblood.org, Graymatics, PrettySecrets, Gridcentric, Explara, Core Mobile, SyncUsUp, VMLogix, Aurus
Industries: Consumer Internet, Enterprise Software, Social Media, Cloud Computing and SaaS
Vijay Shekhar Sharma
Educational Qualifications: Graduated from Delhi College of Engineering in Electronics & Communications(1994-1998)
Startups Invested In: Sourceeasy, SilverPush, tushky.com, GrexIt, EduKart, Milaap Social Ventures, iimjobs,Dexetra, AirStream, Wishberg Inc, Signals
Industries: Sector Agnostic
Samir Bangara
Educational Qualifications: Graduated from University of Mumbai in Bachelor of Commerce and Finance (1993-1995)
Startups Invested In: tushky.com, Overcart, ZAPR, Pokkt, Playblazer, Thrill
Industries: Consumer Internet, Social Games and Development Platforms
Abhishek Rungta
Educational Qualifications: Graduated from St. Xavier’s College in Bachelor of Commerce(1996-1999) and did his post graduation from University of Bath in Multimedia Technology(1999-2000)
Startups Invested In: Plivo, iimjobs, Azoi Inc., iDubba, Secpanel, Shopo.in, Letsventure, Eduora, CapricornGifting, CarSingh
Industries: Consumer Internet, Enterprise Software, Digital Media, Advertising and SaaS
Pallav Nadhani
Educational Qualifications: Graduated from University of Calcutta in Bachelor of Commerce(2002-2005) and Post Graduated from University of Edinburgh in Computer Science(2007-2008)
Startups Invested In: Plivo, Azoi Inc., iDubba, Shopo.in, Eduora, CarSingh, CapricornGifting, Cropex, Eduora Technologies.
Industries: Consumer Internet, Enterprise Software, Cloud Computing and Ecommerce
Aloke Bajpai
Educational Qualifications: Graduated from IIT Kanpur in Electrical Engineering (1997-2001) and did his MBA from INSEAD (2004-2005)
Startups Invested In: Sourceeasy, SilverPush, HackerEarth, Overcart, Little Eye Labs,iimjobs, Azoi Inc., Autowale, PlayCez, BlueGape, Pokkt, Dogspot.in
Industries: Consumer Internet, Enterprise Software, Mobile and Ecommerce
Bhupen Shah
Educational Qualifications: Graduated from University of Michigan in Computer Engineering (1979-1981)
Startups Invested In: Sift, Doublie, Shoe Lovers, Giraffic, CultureAlley, Woxi Media,Whodini, PowWow, Hachi, Frrole, Vapore, Vuemix, Qikwell, Tydy,GoHachi.com, Snap-Networks
Industries: Invests in Online Startups
Zishaan Hayath
Educational Qualifications: Graduated from IIT Bombay (2000-2004)
Startups Invested In: Olacabs, AdPushup, Housing.com, SquadRun, Shopsense
Industries: Ecommerce, Travel, Mobile, Real Estate and Education
Manish Singhal
Educational Qualifications: Graduated from IIT Kanpur in Electrical Engineering (1988-1992)
Startups Invested In: AdPushup, Freshersworld, Apartment Adda, FlipClass, AdSpark, Frrole, Ecosenseworld, India College Search.
Industries: Education, Consumer Internet and Enterprise Software
Sanjay Mehta
Educational Qualifications: Graduated from Shah & Anchor in Electronics (1988-1993) and is an alumnus of Indian School of Business
Startups Invested In: OYO Rooms, PrettySecrets, Klip.in, Talview, Unbxd, OrangeScape, Consure Medical, FabAlley, EcoSense Sustainable Solutions, Poncho.in
Industries: Clean Technology, Consumer Internet, Enterprise Software and HealthCare
Indus Khaitan
Educational Qualifications: Graduated from Birla Institute of Technology in Computer Science(1992-1996)
Startups Invested In: bounce.io, CirroSecure, Interviewstreet, Sourceeasy, GrexIt, 99tests, Emo2, Practo, Sarga Eco-Fabrics, Phitesla
Industries: Mobile, Ecommerce, HealthCare, Information Technology and SaaS
Anirudh Damani
Educational Qualifications: Graduated from Austin College in Economics and Business Administration (2001-2005)
Startups Invested In: InVenture, OYO Rooms, Mobilewalla, Exotel, Rolocule Games, Klip.in, Paletly, Carveniche Technologies, Maximojo, purplle.com, NowFloats
Industries: Clean Technology, Consumer Internet, Enterprise Software and B2B
Vikas Taneja
Educational Qualifications: Did his MBA with Honours in Economics and Finance from University of Chicago and received his Bachelors from Stanford University in Computer Systems Engineering.
Startups Invested In: Rapportive, PubNub, Disconnect, Founders Co-op, Coderbuddy, 500 Startups, Modria, Mashery, Refinery29, Inside Social
Industries: Analytics, Social Media, Information Technology and Clean Technology
Ajeet Khurana
Educational Qualifications: Graduated from University of Mumbai in Computer Engineering(1987-1991) and did his MBA from University of Texas at Austin in Business(1991-1993)
Startups Invested In: Rolocule Games, ShepHertz, Avaz, Carveniche Technologies, Maximojo, United Mobile Apps, Karmic Lifesciences, Carve Niche Technologies Pvt. Ltd., PickMe eSolutions
Industries: Consumer Internet, Enterprise Software, Ecommerce and Education
Anand Ladsariya
Anand Ladsariya is the CEO of Everest Flavours Ltd. . He is also involved in various social activities. He is ex-Chairman of CHEMEXCIL, an export promotion organisation established by Ministry of Commerce. Being an active Angel Investor with both Mumbai Angels and Indian Angel Network, he has invested in over 35 startups till date and actively mentors and guides the promoters to reach the next level. He is also a part of the “Committee on Angel Investment and Early Stage Venture Capital” which is guided by the Vice Chairman of Planning Commission.
Educational Qualifications: Graduated from Bombay University and did his MBA from IIM, Ahmedabad.
Startups Invested In: Traffline, Exclusively.in, Aurality, Dexl, Speakwell, Framebench, Serial Innovation, Asiatic, Morpheus Tritya, Mobiquest, Algorhythm
Industries: Location Based Services, Customer Support Tools, Content Discovery and Web Design
Utsav Somani
Educational Qualifications: Bachelors degree in Information Systems Management from Singapore Management University and a Masters in Innovation & Entrepreneurship from ESADE Business School Barcelona.
Startups Invested In: Testbook, AdpushUp, Zippr, FabBag & Shephertz.
Industries: Consumer Internet, Robotics, Fin & Edu-tech, Pharma, FMCG & Hi-tech Manufacturing.
Steven Sule
Educational Qualifications: Graduated from Franklin & Marshall College in Finance(2000-2004) and did his post graduation from Cass Business School in Banking & International Finance(2010-2010)
Startups Invested In: AdPushup, Kwench Library Solution, POSist, Aureus Analytics
Industries: Clean Technology, Consumer Internet & Enterprise Software
Arun Venkatachalam
Educational Qualifications: Graduated from Lancaster University in Business Studies(2007-2010)
Startups Invested In: Zoom, AdPushup, POSist, Aureus Analytics, Yourbus, Ridgecrest Asia
Industries: Consumer Internet, Health Care, SaaS and Enterprise Software
Sandeep Goenka
Educational Qualifications: Graduated from NMIMS in Commerce(1994-1996) and also has an Engineering Degree from De Montfort University(1996-1998). He did his MBA from SP Jain Institute of Management in Entrepreneurial Studies.
Startups Invested In: Fab Bag, Wishberry, Aureus Analytics, POSist
Industries: Consumer Internet, Big Data and SaaS
Subhinder Khurana
Previously, he started marketRx India, before it was acquired by Cognizant in a $135Mn transaction in 2007. He served as VP at Cognizant for 4 years. Before joining the VC industry, he was the founder and CTO of EZPower systems, which was acquired in 1998 by Oracle.
Educational Qualifications: Graduated from IIT Delhi in Electrical Engineering(1983-1987) and did his MBA from A.B. Freeman School of Business(1987-1989)
Startups Invested In: He has advised/mentored several startups including Druva Software, JustMyNeighbour, Authbridge, and Power2SME. He was also managing investments for the first early stage fund in India, Infinity, which created companies like IndiaBulls, India Games and Avendus.
Industries: Consumer Internet
Ajay Lavakare
Educational Qualifications: Graduation from IIT Delhi in Civil Engineering(1983-1987) and has an MS from Stanford University in Structural Engineering(1987-1989)
Startups Invested In: InnovAccer
Industries: Big Data Analytics
Bhanu Chopra
Educational Qualifications: Has a double bachelors degree in Computer Science and Finance from Indiana University
Startups Invested In: Interview Master, HotelsAroundYou, Mozio
Industries: Travel Technology, Big Data Analytics and Cloud Computing
Girish Mathrubootham
Educational Qualifications: Did his Engineering in Electronics from Shanmugha Research Academy(1992-1996) and MBA from University of Madras in Marketing(1996-1998).
Startups Invested In: ChargeBee, Kaalibi Technologies, Turing Research, ShieldSquare and Advises Niche Video Media, NicheTrainings, germ.io, Flourish, Frilp
Industries: Consumer Internet, Enterprise Software and SaaS
Amit Somani
Educational Qualifications: Graduated from IIT Varanasi in Computer Science(1989-1993) Engineering and did his MS in Computer Science from University of Wisconsin(1993-1995)
Startups Invested In: Advises Phone Warrior Inc, Qikwell Technologies India, MindTickle, HotelTravel.com and Ixigo.com
Industries: Consumer Internet and Mobile Companies
Niraj Singh
Educational Qualifications: IIT Delhi Passout (2007)
Startups Invested In: ShaadiSaga, Tripoto, Grownout and others
Industries: Consumer Internet
Vivek Bihani
Educational Qualifications: Graduated from Birla Institute of Technology and Science in Chemical Engineering(1983-1987) and did his MBA from IIM-Bangalore in Business Management(1990-1992)
Startups Invested In: MyRefers, Nearify
Industries: Mobile
Ankur Warikoo
Ankur is the Head of Groupon India and an angel Investor in Internet and Technology Startups. He was also co-founder at Accentium Web (Gaadi.com SecondShaadi.com)
Educational Qualifications: MBA Graduate from the Indian School of Business and Master’s of Science from Michigan State University
Startups Invested In: Targeting Mantra, Limetray among others.
Industries: Internet and Technology Startups
Ratan N. Tata
Ratan N Tata has been the Chairman of Tata Sons, the promoter holding company of the Tata group, since 1991. He is also the Chairman of the major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices. During his tenure, the group’s revenues have grown manifold, totalling over $83 Bn in 2010-11.
He also serves on the board of directors of Alcoa along with being on the international advisory boards of Mitsubishi Corporation, the American International Group, JP Morgan Chase, Rolls Royce, Temasek Holdings and the Monetary Authority of Singapore.
Educational Qualification: He is an alumnus of Harvard University and Cornell University.
Startups Invested In: Ola, Paytm, Snapdeal, Ampere, Swasth India, Blue Stone, FirstCry, YourStory, Urban Ladder, Crayon Data, CarDekho, Kaaryah, Zivame, Abra, CashKaro, HolaChef, Lybrate, Infinite Analytics, Tracxn, Altaeros, Xiaomi, Ampere, Sabsebolo, Dogspot, The Print, TeaBox, Kyazoonga, MUrgency, Plutus Financial,
Industries: Sector Agnostic
Mohandas Pai
T.V. Mohandas Pai is the Chairman of Manipal Global Education (Manipal University) and the cofounder of Aarin Capital. He was a former director of Infosys and Head – Administration, Education and Research, Financial, Human Resources of Infosys Leadership Institute. As the CFO, he played a strategic role in transforming Infosys into one of the world’s most respected and widely known software services companies. He formulated the country’s first publicly articulated financial policy for the company. He played a key role in branding the company among the investor community and enhancing transparency and disclosure levels.
He was also a member of the Kelkar Committee, constituted by the Ministry of Finance, Government of India, for reforming direct taxes, the Non-Resident Taxation Committee, the High Powered Committee on e-Commerce and Taxation. He served as a member of the Board of Securities and Exchange Board of India (SEBI) from September 12 to July 16. He was a member of the Empowered Committee for setting up the Tax Information Network of the Government of India. He also works with the Union Government and state governments in the fields of education, IT and business.
Educational Qualification: He is a Fellow Chartered Accountant and Law Graduate From Bangalore University
Startups Invested In: Zoomcar, Tripfactory, OnlineTyari, YourStory, Justdoc, Mad Street Den, Velvet case, Switch Me, Tracxn, KAARYAH, Ginger Crush, Licious, KleverKid, Baunat, AlmaConnect, Magic Crate
Industries: Sector Agnostic
Kunal Shah
Kunal Shah is an Indian entrepreneur, founder and ex-CEO of FreeCharge. He started his career as a junior programmer at a business process outsourcing startup. Shah’s first startup venture was a company named Paisaback, which provided cash-back promotions for organised retailers.
Shah founded FreeCharge in 2010, along with Sandeep Tandon. In April 2015, FreeCharge was acquired by Snapdeal for an estimated amount of $450 Mn. Later in 2017, FreeCharge got acquired by Axis bank for $60 Mn.
Kunal Shah is also known among the startuppers for his Delta 4 theory which states, “Before implementing an idea, one must make sure that the business will be at least Δe = 4 to make it BragWorthy.”
Shah is now working as an advisor to Sequoia Capital and is also looking to start his new venture.
Education Qualification: He holds a degree in B.A. Philosophy, from Wilson College, Mumbai
Startups Invested In: Avail Finance, Zipo, Spinny, Innov8, Unacademy, Pocket Aces, Bharat Bazaar, ShaadiSaga, DailyNinja, Twigly, Flyrobe, Voonik, Pianta, Razorpay, Lif Care, Dil Mil
Industries: Sector Agnostics
Kris Gopalakrishnan
Senapathy Gopalakrishnan, popularly known as Kris Gopalakrishnan, is the Executive Vice Chairman (former co-chairman) of Infosys, a global consulting and IT services company based in India. He is also one of its seven founders. He was elected as the President of India’s apex industry chamber, the Confederation of Indian Industry for the year 2013-14. In 2014, Gopalakrishnan co-founded Axilor Ventures, a venture capital platform for young entrepreneurs.
In 2011, Government of India awarded him with Padma Bhushan which is India’s third highest civilian honour.
Education Qualification: He holds a degree in M.Sc. (Physics) and M. Tech. (Computer Science) from IIT, Madras
Startups Invested In: HungerBox, Planys Technologies, Crayon Data Unbxd, Acko General Insurance, Sigtuple, Verloop, FirstCry, GoCoop, Ampere, MagicX, LookUp, BuyHatke, FreshWorld
Industries: Sector Agnostic
Nandan Nilekani
Nandan Nilekani is an Indian entrepreneur, bureaucrat and politician. He co-founded Infosys and is the non-executive chairman of Infosys. After the exit of Vishal Sikka, Nandan Nilekani was appointed as Non-Executive Chairman of the board effective August 24, 2017.
He was also the chairman of the Unique Identification Authority of India (UIDAI). As the then Chairman of the UIDAI, he was responsible for implementing the envisioned Multipurpose National Identity Card or Unique Identity Card (UID Card) project in India.
He is a member of the board of governors of the Indian Council for Research on International Economic Relations (ICRIER) and the President of NCAER. He also sits on several advisory boards, including those of the World Economic Forum Foundation and the Bombay Heritage Fund. He is also the author of the book titled, Imagining India: The Idea of a Renewed Nation.
In July 2017, he announced that he will not invest in new startups and will continue investing in his current investments as an angel. However, he launched a $100 Mn VC fund Fundamentum along with Sanjeev Aggarwal to invest into startups.
Education Qualification: He holds a bachelor’s degree in electrical engineering from the Indian Institute of Technology Bombay, Mumbai.
Startups Invested In: Power2SME, Printline Media, ShopX, RailYatri, Drishti Eye care, SEDEMAC, Tracxn, LetsVenture, Mubble
Industries: Sector Agnostic
Sandeep Tandon
Sandeep Tandon co-founded FreeCharge in 2010 along with Kunal Shah. The startup is now part of the Axis Bank. Currently, he serves as the Managing Director at Tandon Technology Ventures (Tandon Group). He also serves as the Managing Director and Chairman of the Board at Infinx Services Private Limited.
He oversees the strategy and operations of all group companies. He has been involved in the technology industry for over 20 years. During this time, he has contributed significantly to the growth of Information Technology exports from India. He was co-founder and a former director of IQBackOffice – a leading Accounts Payable Processing company.
He is active in the Angel Investor community and serves as a mentor to various technology startups. He served as the Chairman of the Electronics Computer Software Export Promotion Council (ESC) and is a member of Young President Organisation (Mumbai Chapter).
Education Qualification: He completed his Bachelor’s and Master’s in Electrical Engineering from the University of Southern California.
Startups Invested In: Spinny, Unacademy, PocketAces, Bharat Bazaar, Gold VIP, Shadisaga, Remitware, Flyrobe
Industries: Sector Agnostic
This list is compiled on the basis of the details of the investments and investors that were publicly available and that surfaced in our research. We will keep on updating this lists with more investors as we get inputs from the ecosystem.
If we missed out on any, do let us know in the comments below.
We’ll keep adding more to this list
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