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Angel Investor (Group)
mumbaiangels.com

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Investments

192

Portfolio Exits

21

Funds

1

Partners & Customers

4

About Mumbai Angels

The Mumbai Angels provides a unique platform to start up 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.

Mumbai Angels Headquarter Location

India

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Expert Collections containing Mumbai Angels

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Mumbai Angels in 1 Expert Collection, including Fitness Tech.

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Latest Mumbai Angels News

[Funding roundup] O'2 Nails India, FlexC, Speedlabs raise early-stage deals

May 17, 2022

, Updated on:{{localeString}} {{timeZoneNameShort}} YourStory presents daily funding roundups from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, May 17th, 2022 0 CLAPS O'2 Nails India raises second funding from Atal Incubation Center - BIMTECH O'2 Nails is one of India's fast-growing consumer and fashion retail startups that specialises in nail care space has raised $75,000 funding from Atal Incubation Centre – BIMTECH under the Government of India’s Startup India initiative along with some marquee investors. The funding comes in the form of debentures under the Seed Fund Scheme. AIC – BIMTECH is also incubating O’2 Nails India under their “Gurukul” programme, where they are reformulating nail care products in a more sustainable fashion. This fundraise saw participation from other leading angel investors including G Sowmya (Product Head – Google) and Sanjay Vijayvargiya (Partner Mahindra Holiday). Atal Incubation Centre – BIMTECH led the round along with Parul Aggarwal and other investors. O’2 Nails India will use these funds for technological advancement along with retail growth by increasing its store numbers. Get connected to FlexC “Speaking on the occasion, Aparna Singh, CEO, O'2 Nails India said, "Our audience does not buy goods or services. They are keen to buy relations and stories, which they can showcase socially. As India is full of festivities and colour, now you have options to express them through your nails with our combination of technology and techniques. Aparna added, “I’m immensely confident after incubation by Atal Incubation Centre – BIMTECH, we’ll surely creating change in the nail care industry. We’re grateful to our existing investors, who’re also delighted that we’re progressing with 5X growth YoY. We’re also adding 10 boutiques in this quarter and taking our total number to 50 in this calendar year with 90% She Power, which takes our customer base to 100,000 regular paid customers. Our store strength will give us penetrate the nail care market across India and compete with Global Market and standards. On the product front, this mother’s day we’ve started our entry to product segment also and launching five products under nail care category on all ecommerce platforms from July’22”. Get connected to FlexC   He is a Padmavibhushan awardee and has also received the dignitary award Star of Asia awards from George Bush (Sr), former US President. The other investor who has invested in FlexC is Amey Mashelkar who is the head of JioGenNext, the startup innovation and mentoring programme of Jio. He is also an angel investor with a focus to invest in promising companies that are building global businesses. FlexC was created with the vision to make the best Indian talent accessible to the global markets. The company will use the funding for expansion of the various business horizons beyond IT and BPO and venture into consumer tech, BFSI, and retail. It also has plans to invest in technology platforms to render a competitive and comprehensive workplace ecosystem. Mumbai Angels, others invest Rs 14.31 Cr in Pre Series A round of SpeEdlabs Mumbai Angels, a premium platform for private investments, has invested in SpeEdLabs, one of the leading AI-based edtech platforms, as a part of the Pre-Series A funding round. The fundraise to the tune of Rs 14.31 crore, also saw the participation of LetsVenture, Ecosystem Ventures, and SucSeed Ventures. SpeEdLabs will direct the freshly infused capital towards expanding its presence and bolstering its infrastructure. Nandini Mansinghka, Co-founder and CEO of Mumbai Angels, said, “The advent of AI-enabled platform-as-a-services solutions have been revolutionising the hitherto unorganised after school tuition market. There is a tremendous demand for the non-generic mode of learning given the one-size-fits-all education system prevalent in India today. We are confident that the unique tech driven learning solutions will continue to enrich students' learnings and fuel future demand for personalised coaching.” “As the world gradually moves toward a hybrid model of education, it’s high time children/students receive education personalised as per their requirements. Pure online tutoring was a forced choice during COVID-19 lockdown, but now the offline classroom model using technology will be the successful hybrid model. SpeEdLabs platform uses data-driven hyper personalisation, dynamic adaptive learning, algo-driven automated content management and analytical data visualisation to help students achieve their potential as we bring the best of both worlds. We are also delighted to have marquee investors supporting our journey. Currently present in 200+ cities, enabling 100,000+ students and empowering over 5,000 teachers, SpeEdLabs will soon be expanding their presence to 800 cities across 23 states in the country,” said Vivek Varshney, Founder of SpeEdLabs. Get connected to FlexC

Mumbai Angels Investments

192 Investments

Mumbai Angels has made 192 investments. Their latest investment was in SpeedLabs as part of their Seed VC on May 5, 2022.

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Mumbai Angels Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/17/2022

Seed VC

SpeedLabs

$1.85M

Yes

1

5/11/2022

Seed

Redbasil

$0.33M

Yes

PlanB Capital, SAT Industries, and Undisclosed Investors

1

4/20/2022

Series A

Celcius

$4.5M

No

1

4/7/2022

Seed VC - II

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$99M

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10

4/7/2022

Series A - II

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$99M

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10

Date

5/17/2022

5/11/2022

4/20/2022

4/7/2022

4/7/2022

Round

Seed VC

Seed

Series A

Seed VC - II

Series A - II

Company

SpeedLabs

Redbasil

Celcius

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Amount

$1.85M

$0.33M

$4.5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

PlanB Capital, SAT Industries, and Undisclosed Investors

Sources

1

1

1

10

10

Mumbai Angels Portfolio Exits

21 Portfolio Exits

Mumbai Angels has 21 portfolio exits. Their latest portfolio exit was Dr Sheth's on May 16, 2022.

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

5/16/2022

Corporate Majority

3

8/16/2021

Acquired

1

8/16/2021

Acquired

2

7/6/2021

Acquired

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$99M

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10

3/3/2021

Acquired

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10

Date

5/16/2022

8/16/2021

8/16/2021

7/6/2021

3/3/2021

Exit

Corporate Majority

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

Subscribe to see more

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Sources

3

1

2

10

10

Mumbai Angels Fund History

1 Fund History

Mumbai Angels has 1 fund, including Side Car Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Side Car Fund

Early-Stage Venture Capital

Anticipated

1

Closing Date

Fund

Side Car Fund

Fund Type

Early-Stage Venture Capital

Status

Anticipated

Amount

Sources

1

Mumbai Angels Partners & Customers

4 Partners and customers

Mumbai Angels has 4 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

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

6/4/2019

1/19/2018

Type

Partner

Vendor

Partner

Partner

Business Partner

Country

India

India

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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Subscribe to see more

Subscribe to see more

Subscribe to see more

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Sources

1

10

10

10

Mumbai Angels Team

4 Team Members

Mumbai Angels has 4 team members, including former President, Anil Joshi.

Name

Work History

Title

Status

Praveen Chakravarthy

Founder

Current

Praveen Chakravarty

Founder

Current

Sasha Mirchandani

Imergy Power Systems, BlueRun Ventures, Onida, and Cocoon Ventures

Founder

Current

Anil Joshi

President

Former

Name

Praveen Chakravarthy

Praveen Chakravarty

Sasha Mirchandani

Anil Joshi

Work History

Imergy Power Systems, BlueRun Ventures, Onida, and Cocoon Ventures

Title

Founder

Founder

Founder

President

Status

Current

Current

Current

Former

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