Where Mumbai startups raise angel money in 2026

12 June 2026·6 min read

14 angels back Mumbai startups at pre-seed in 2026. Mumbai is full of founder-angels. Anupam Mittal, Ronnie Screwvala, and Mumbai Angels write first cheques here.

Mumbai runs on founders who back founders. Anupam Mittal and Ronnie Screwvala invest here.

Angels write the first cheque before the VCs. They bet on you long before you show traction.

Angel rounds turn on the founder and the idea. Ellty tracks every file open when you share your deck.

This guide lists 14 active Mumbai angel investors below.

TypeCheck sizeSector focusWebsite
Mumbai Angels NetworkAngel networkUS$300K-$2MSector-agnostic, SaaS, consumer, fintechmumbaiangels.com
Venture CatalystsAngel network / incubatorUS$275K-$2MSector-agnostic, fintech, consumerventurecatalysts.in
ah! VenturesAngel networkUS$100K-$3MSector-agnosticahventures.in
Indian Angel NetworkAngel networkUS$250K-$2.5MSector-agnostic, SaaS, healthtechindianangelnetwork.com
LetsVentureAngel syndicate platformUS$100K-$1MSector-agnostic, SaaS, fintechletsventure.com
Inflection Point VenturesAngel platformUS$250K-$1.5MSector-agnostic, edtech, fintechipventures.in
Anupam MittalAngel (Shaadi.com founder)US$25K-$500KSector-agnostic, consumer, D2Cshaadi.com
Ronnie ScrewvalaAngel (upGrad, Unilazer)US$250K-$2MEdtech, consumer, AI, e-commerceunilazerventures.com
Vineeta SinghAngel (SUGAR founder)US$25K-$250KD2C, beauty, consumersugarcosmetics.com
Ashish HemrajaniAngel (BookMyShow founder)US$25K-$250KConsumer, enterprise appsbookmyshow.com
Harsh JainAngel (Dream11 founder)US$50K-$500KConsumer, fintech, enterprisedreamsports.group
Bhavin TurakhiaAngel (Zeta, Directi founder)US$50K-$500KFintech, SaaS, enterprisezeta.tech
Kunal BahlAngel (Titan Capital)US$50K-$500KConsumer tech, fintech, SaaStitancapital.vc
100X.VCPre-seed fundUS$30K-$150KSector-agnostic100x.vc

Run your Mumbai angel raise tight

Angels move fast on a clear founder story. Ellty logs every view in your data room.

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What a Mumbai angel investor backs

A Mumbai angel backs very early founders. Most write the first cheque into pre-seed.

They bet before venture capital funds will. Pitching Maharashtra investors comes later.

They back the founder, the idea, and early pull. A clear, honest story matters most at this stage.

Ellty gives each angel one trackable link to your data room. You see who studied your deck before the first call.

834
Angel-backed deals in India in 2025
Per Business Standard
25%+
Mumbai share of India angel deals
The largest of any state, per YTC
US$188M
India seed funding in 2025
Up 18% year on year, per Inc42
14
Active Mumbai angel investors here
Pre-seed and seed-stage backers
Indian startups closed about 834 angel-backed deals in 2025, with Mumbai and Maharashtra taking the largest share of any state.
Business Standard and YTC Ventures, 2025

14 Mumbai angel investors

1. Mumbai Angels Network

Mumbai Angels is one of India's oldest angel networks.

Recent Activity: Co-invested in STAGE's US$12.5M round in early 2025

LinkedIn: Mumbai Angels LinkedIn

Sector Focus: Sector-agnostic, SaaS, consumer, fintech

Stage Focus: Angel, seed, Series A

Check Size: US$300K-$2M

Location: Mumbai

Website: mumbaiangels.com

2. Venture Catalysts

Venture Catalysts is a Mumbai-founded angel network.

Recent Activity: Made 48 investments in 2025 and raised Rs 150 Cr

LinkedIn: Venture Catalysts LinkedIn

Sector Focus: Sector-agnostic, fintech, consumer

Stage Focus: Pre-seed, seed, Series A

Check Size: US$275K-$2M

Location: Mumbai

Website: venturecatalysts.in

3. ah! Ventures

ah! Ventures is a Mumbai curated angel platform.

Recent Activity: Made 5 investments in the trailing 12 months

LinkedIn: ah! Ventures LinkedIn

Sector Focus: Sector-agnostic

Stage Focus: Pre-seed, seed

Check Size: US$100K-$3M

Location: Mumbai

Website: ahventures.in

4. Indian Angel Network

IAN is India's first and largest pan-India angel network.

Recent Activity: Led a US$960K seed round in Batterypool in 2025

LinkedIn: Indian Angel Network LinkedIn

Sector Focus: Sector-agnostic, SaaS, healthtech

Stage Focus: Seed, Series A

Check Size: US$250K-$2.5M

Location: New Delhi / Mumbai-active

Website: indianangelnetwork.com

5. LetsVenture

LetsVenture is an online angel syndicate platform.

Recent Activity: Runs a MeitY SAMRIDH partnership backing early startups

LinkedIn: LetsVenture LinkedIn

Sector Focus: Sector-agnostic, SaaS, fintech

Stage Focus: Pre-seed, seed

Check Size: US$100K-$1M

Location: Bengaluru / pan-India

Website: letsventure.com

6. Inflection Point Ventures

IPV is a 24,000-member angel investing platform.

Recent Activity: Launched a US$110M IPV International fund in 2025

LinkedIn: Inflection Point Ventures LinkedIn

Sector Focus: Sector-agnostic, edtech, fintech

Stage Focus: Seed, Series A

Check Size: US$250K-$1.5M

Location: Gurugram / pan-India

Website: ipventures.in

Share your deck and track every angel

Ellty shows when Anupam or Ronnie opens your deck. Follow up with each angel at the right time.

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7. Anupam Mittal

Anupam Mittal is the Shaadi.com founder and a top angel.

Recent Activity: Backed Dorabi and Grid OS in 2025 across 200+ deals

LinkedIn: Anupam Mittal LinkedIn

Sector Focus: Sector-agnostic, consumer, D2C

Stage Focus: Seed, Series A

Check Size: US$25K-$500K

Location: Mumbai

Website: shaadi.com

8. Ronnie Screwvala

Ronnie Screwvala runs Unilazer and co-founded upGrad.

Recent Activity: Unilazer led a US$1.8M seed in CuePilot AI in 2025

LinkedIn: Ronnie Screwvala LinkedIn

Sector Focus: Edtech, consumer, AI, e-commerce

Stage Focus: Pre-seed, seed

Check Size: US$250K-$2M

Location: Mumbai

Website: unilazerventures.com

9. Vineeta Singh

Vineeta Singh is the SUGAR Cosmetics founder and angel.

Recent Activity: Angel-invested in EasyRugs across a 59-company book

LinkedIn: Vineeta Singh LinkedIn

Sector Focus: D2C, beauty, consumer

Stage Focus: Pre-seed, seed

Check Size: US$25K-$250K

Location: Mumbai

Website: sugarcosmetics.com

10. Ashish Hemrajani

Ashish Hemrajani is the BookMyShow founder and angel.

Recent Activity: Invested in hiring platform Instahyre

LinkedIn: Not listed

Sector Focus: Consumer, enterprise apps

Stage Focus: Seed, Series A

Check Size: US$25K-$250K

Location: Mumbai

Website: bookmyshow.com

11. Harsh Jain

Harsh Jain is the Dream11 co-founder and a Mumbai angel.

Recent Activity: Invested in Raise Fintech Ventures in late 2025

LinkedIn: Harsh Jain LinkedIn

Sector Focus: Consumer, fintech, enterprise

Stage Focus: Seed, Series A

Check Size: US$50K-$500K

Location: Mumbai

Website: dreamsports.group

12. Bhavin Turakhia

Bhavin Turakhia is a serial founder behind Zeta and Directi.

Recent Activity: An active fintech and SaaS angel investor

LinkedIn: Not listed

Sector Focus: Fintech, SaaS, enterprise

Stage Focus: Seed, Series A

Check Size: US$50K-$500K

Location: Mumbai / Dubai

Website: zeta.tech

13. Kunal Bahl

Kunal Bahl is a Snapdeal co-founder who runs Titan Capital.

Recent Activity: Angel-invested in Peeko and Burger Bae in 2025

LinkedIn: Kunal Bahl LinkedIn

Sector Focus: Consumer tech, fintech, SaaS

Stage Focus: Pre-seed, seed

Check Size: US$50K-$500K

Location: New Delhi / pan-India

Website: titancapital.vc

14. 100X.VC

100X.VC is a Mumbai pre-seed fund using iSAFE notes.

Recent Activity: An active pre-seed cohort investor through 2025

LinkedIn: 100X.VC LinkedIn

Sector Focus: Sector-agnostic

Stage Focus: Pre-seed, seed

Check Size: US$30K-$150K

Location: Mumbai

Website: 100x.vc

Angel networks and syndicates

Angel networks pool many small cheques as one. Mumbai Angels and VCats run big syndicates.

One network can bring 20 angels to a round. That means 20 sets of eyes on your data room.

Sharing with many angels needs tight control. Set granular permissions on each file you share.

Ellty controls who can open each sensitive file. You see exactly who studied your deck and when.

What angels look for at pre-seed

At pre-seed, angels back the founder above all. There is rarely much traction to show yet.

They want a sharp idea and a clear wedge. Read through our due diligence timeline guide first.

Your early data is sensitive even at pre-seed. Lock it all down with strong security controls.

Ellty gates each file and logs every single view. Each angel gets a link you can track and revoke.

From angel to seed round

Angels get you to your first real round. Then seed funds take it from there onward.

Each step wants more proof than the last one. Run a clean due diligence process right from day one.

Know the gap between hard and soft due diligence. It shapes what each backer will end up asking for.

Ellty logs who opened each file and exactly when. You can follow up at the right moment every time.

How to pitch a Mumbai angel investor

Lead with you, a sharp idea, and a clear wedge.

  1. 1.
    Lead with you and a sharp idea.
    Angels back the founder over metrics.
  2. 2.
    Show a clear, honest early wedge.
    Vague pitches stall angel rounds fast.
  3. 3.
    Share one Ellty link to your data room.
    Track who opens it and which files.
  4. 4.
    Follow up the moment an angel digs in.
    Ellty tells you exactly when they do.

How Ellty helps you land an angel in Mumbai

You've shortlisted your Mumbai angels already. Set up a data room before the first call.

  1. 1.
    Upload your deck, idea, and early numbers.
    Set access per angel or per network.
    Upload file in data room
  2. 2.
    Share one trackable link with each angel.
    Each angel gets its own tracked link.
    Set permissions data room
  3. 3.
    Watch opens and follow up at the right time.
    Use Ellty analytics to time each nudge.
    Analytics data room
Start free 14-day trial

Mumbai angel investor questions

Who are the top angels in Mumbai?
Anupam Mittal and Ronnie Screwvala invest. Mumbai Angels runs a big angel network.
How much do angels invest?
Cheques run US$25K to US$2M in 2026 here. Networks pool many cheques into one round.
What do angels look for?
A strong founder and a really sharp idea. Early pull helps but is not required.
How are angels different from VCs?
Angels write the first, smallest cheque. VCs come in at seed and later stages.
Why is Mumbai strong for angels?
It is full of founders who now invest. It takes the most angel deals of any state.
When should I set up an Ellty data room?
Before your very first angel call. Track who opens your deck and idea.

Author

Internal team behind the product.

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