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Angel Investor (Group)
INTERNET | Internet Software & Services / Accounting & Finance
mumbaiangels.com

Investments

228

Portfolio Exits

24

Funds

3

Partners & Customers

5

About Mumbai Angels

Mumbai Angels operate as a sector-agnostic, new-age, early-stage, venture investment platform. It offers a platform to start-ups and very early-stage companies by bringing them face-to-face with successful entrepreneurs, professionals, and executives who are interested in and have the funds available to invest in start-up companies. The company was founded in 2006 and is based in Mumbai, India. In January 2023, 360 ONE acquired a majority stake in Mumbai Angels for $5.62M.

Headquarters Location

201 Turf Estate Shakti Mills Ln, Lower Parel

Mumbai, 400013,

India

075067 11249

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Latest Mumbai Angels News

FPV Drone Manufacturer insideFPV Raises ₹3.5 Cr from Mumbai Angels and Others

Sep 21, 2023

IndianWeb2 Desk insideFPV will use the freshly infused capital strategically to drive growth, innovation, and sustainability Mumbai Angels, a premium platform for private investments, has expanded its portfolio further by investing in insideFPV, the first company in India to manufacture Plug and Fly FPV drones across Consumer, Defense and Agriculture segments. The Seed funding round that raised INR 3.5 Cr, also saw the participation of other investors, including IPV, Soonicorn, and angel investors like Fossbytes and Kumar Sahu. insideFPV provides drones that empower its clients to create STEM education, create surveillance, and capture first-person view videos that were once out of their reach. The company’s market scope encompasses various sectors, including Government contracts and Defense, Agriculture, Commercial Sectors, and Surveillance. insideFPV will leverage the freshly infused capital strategically to drive growth, innovation, and sustainability. In specific, the funds will be used for R&D, product development, market expansion, and distribution and logistics. The startup will also focus on enhancing its customer support and training, partnerships and collaborations, data analytics and software integration, and acquisition and strategic investments with the newly raised capital. Earlier in July, the Drone Manufacturer had raised Rs 2.75 Crores in a Seed Round led by Inflection Point Ventures. Nandini Mansinghka, CEO of Mumbai Angels, said, “Drone technology, although not entirely new, has gained immense traction in recent times. Today, drones are used in several sectors for multiple purposes. However, insideFPV’s concept is a unique one, where customers can plug and fly the drones with a first-person view. It’s also the first time such a concept has been introduced in India. This funding is a testament to insideFPV’s innovations and technology, and we are confident that the fresh capital will enable the company to grow significantly and reach new heights.” “India’s drone market is soaring to new heights, and our innovative products in defense, consumer, and agriculture are not just cutting-edge; they are the wings of progress, serving farmers, and civilians, and enhancing security. At InsideFPV, we believe in propelling a brighter, safer future for all through the power of drone technology,” added ArthChowdhary, CEO of insideFPV. insideFPV has also created its own proprietorship in India and registered its Intellectual Property (IP) in the country, rather than copying and printing. As of now, the Shark Tank startup has served over 1000 customers, delivered 2000+ orders, registered an additional 15,000+ customers for buying drones, has 10+ drone arenas set up, and served 3+ regiments. Mumbai Angels, India’s premier platform for private investment (a part of 360 ONE, earlier known as IIFL Wealth & Asset Management), holds an AUM of USD 130 Mn and a 230+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming, and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 1000+ investors spread across 70+ Global and Indian cities. Advertisements

Mumbai Angels Investments

228 Investments

Mumbai Angels has made 228 investments. Their latest investment was in InsideFPV as part of their Seed VC - II on September 9, 2023.

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Mumbai Angels Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/20/2023

Seed VC - II

InsideFPV

$0.42M

Yes

3

8/29/2023

Angel - II

Sugar Watchers

$0.44M

No

4

7/10/2023

Series A - II

Clensta

Yes

India Exim Bank, Keiretsu Capital, LetsVenture, Mumbai Angels, O2 VC Fund, Parineeti Chopra, TradeCred, Undisclosed Angel Investors, and Undisclosed Investors

3

6/27/2023

Seed - II

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10

6/21/2023

Seed VC

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$99M

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10

Date

9/20/2023

8/29/2023

7/10/2023

6/27/2023

6/21/2023

Round

Seed VC - II

Angel - II

Series A - II

Seed - II

Seed VC

Company

InsideFPV

Sugar Watchers

Clensta

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Amount

$0.42M

$0.44M

$99M

New?

Yes

No

Yes

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Co-Investors

India Exim Bank, Keiretsu Capital, LetsVenture, Mumbai Angels, O2 VC Fund, Parineeti Chopra, TradeCred, Undisclosed Angel Investors, and Undisclosed Investors

Sources

3

4

3

10

10

Mumbai Angels Portfolio Exits

24 Portfolio Exits

Mumbai Angels has 24 portfolio exits. Their latest portfolio exit was Pickright Technologies on March 20, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/20/2023

Corporate Majority

$99M

2

12/20/2022

Acquired

$99M

13

8/22/2022

Corporate Majority

$99M

4

5/16/2022

Corporate Majority

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$99M

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10

8/16/2021

Acquired

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$99M

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10

Date

3/20/2023

12/20/2022

8/22/2022

5/16/2022

8/16/2021

Exit

Corporate Majority

Acquired

Corporate Majority

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

13

4

10

10

Mumbai Angels Fund History

3 Fund Histories

Mumbai Angels has 3 funds, including Side Car Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Side Car Fund

Early-Stage Venture Capital

Anticipated

1

Venture Capital Fund

$99M

10

Angel Fund

$99M

10

Closing Date

Fund

Side Car Fund

Venture Capital Fund

Angel Fund

Fund Type

Early-Stage Venture Capital

Status

Anticipated

Amount

$99M

$99M

Sources

1

10

10

Mumbai Angels Partners & Customers

5 Partners and customers

Mumbai Angels has 5 strategic partners and customers. Mumbai Angels recently partnered with Faad Network on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/3/2022

Partner

India

Startup news and updates: daily roundup (March 3, 2022)

Mumbai Angels and Faad Network join hands to co-invest in innovative startups

1

9/30/2021

Vendor

India

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10

8/5/2021

Partner

Brazil

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10

6/4/2019

Partner

India

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10

1/19/2018

Partner

India

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10

Date

3/3/2022

9/30/2021

8/5/2021

6/4/2019

1/19/2018

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Country

India

India

Brazil

India

India

News Snippet

Startup news and updates: daily roundup (March 3, 2022)

Mumbai Angels and Faad Network join hands to co-invest in innovative startups

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Sources

1

10

10

10

10

Mumbai Angels Team

3 Team Members

Mumbai Angels has 3 team members, including , .

Name

Work History

Title

Status

Praveen Chakravarty

Founder

Current

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Name

Praveen Chakravarty

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Work History

Title

Founder

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Status

Current

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