About AngelBay
AngelBay, established in 2020, is an angel investment group based in Gurugram, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 78 firms, spanning the Enterprise Applications, Retail sectors. Its most notable investments include companies like InCred, OakNorth Bank and Pee Safe. As of Aug 2026, AngelBay has 2 unicorns under its belt and has witnessed 3 portfolio exits. Its latest investment was a $2M Seed round in FinQY on Aug 07, 2024.
To date, 434 investors have co-invested in AngelBay's portfolio companies, including prominent names like Faad Capital.
AngelBay's List of Top Investments
AngelBay has a portfolio of 78 companies, including 2 unicorns. Their most notable investments are in Faad Capital and 6Degree.Their portfolio spans across India, United States and United Kingdom. They have invested in Enterprise Applications, Retail, Consumer and 22 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by AngelBay:1. InCred
Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.
Key facts about InCred
- Founded Year: 2016
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 2,161 as on May 31, 2025
- Investors: Nippon, Asas Capital and 129 Others
- Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
- Highlight: Editors' Pick
Digital bank empowering entrepreneurs and savers with smart tools. It offers business loans across diverse sectors, integrated banking tools, and personalised savings accounts, the bank combines intuitive digital services with expert financial guidance. It empowers individuals and businesses to manage money, achieve targets, and scale with confidence, all backed by robust regulatory standards and secure banking practices.
Key facts about OakNorth Bank
3. Pee Safe
Platform offering personal hygiene and wellness products. It offers a diverse selection of items catering to menstrual care, intimate hygiene, toilet hygiene, and grooming needs. Products include sanitary pads, menstrual cups, intimate washes, toilet seat sanitizers, and grooming tools.
Key facts about Pee Safe
4. Evenflow
Platform offering acquisition and scaling of e‑commerce businesses. The company acquires online brands from marketplaces and integrates them into its operational ecosystem, covering sourcing, warehousing, inventory, finance, and listing optimization. It then applies growth strategies including branding, performance marketing, catalog management, and platform expansion to accelerate brand reach and performance.
Key facts about Evenflow
- Founded Year: 2021
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $14.5M
- Employee Count: 124 as on Jun 30, 2026
- Investors: Karman, LetsVenture and 54 Others
- Latest Funding Round: Series A, Mar 28, 2025, $*****
- Highlight: Editors' Pick
5. Inc42
Online platform offering startup news. It is an online platform that provides news related to startups, startup activity news, entrepreneurial statistics, technology, and updates. It also plans to develop a platform for aspiring entrepreneurs to interact and form a community. It monetizes through membership.
Key facts about Inc42
- Founded Year: 2015
- Location: Delhi (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.76M
- Employee Count: 37 as on Apr 30, 2025
- Investors: Aucfan, Parishi Capital and 131 Others
- Latest Funding Round: Seed, Mar 19, 2025, $*****
- Highlight: Editors' Pick
AngelBay's Year-on-Year Investment Trends
AngelBay has invested in 78 companies over the last 6 years, with an average of 4 new investments annually in the last 5 years. Its most recent first time investment was in Artfine and most recent follow-on round was in FinQY.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 2 | 3 |
2023 | 1 | 2 | 3 |
2022 | 10 | 5 | 15 |
2021 | 15 | 0 | 15 |
2020 | 2 | 0 | 2 |
AngelBay's Investments by Stage
AngelBay has made 25 investments in Seed stage with an average round size of $909K, 2 investments in Series A stage with an average round size of $5.75M, 1 investment in Angel stage with an average round size of $265K and 1 investment in Venture Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 25 |
Series A | 2 |
Angel | 1 |
Venture Debt | 1 |
Note: We have considered here, only first round of investments
AngelBay's Investments by Sector
AngelBay has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, FinTech and Consumer Goods. Notably, it has invested in 63 Tech companies, 44 Enterprise (B2B) companies, 42 Consumer (B2C) companies and at least 28 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 10 |
Retail | 10 |
Enterprise Applications | 9 |
FinTech | 9 |
Consumer Goods | 5 |
Others | 28 |
Note: We have considered here, only first round of investments
AngelBay's Investments by Geography
AngelBay has made most investments in India (28), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 28 |
United States | 1 |
Note: We have considered here, only first round of investments
AngelBay's recent investments
AngelBay has not made any investment in 2026 so far.Here are the most recent investments by AngelBay:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 07, 2024 | India | Seed | 2146 | - | |
Mar 27, 2024 | India | Seed | 3556 | ||
Mar 15, 2024 | India | Seed | 3285 | [+13] | |
Nov 10, 2023 | India | Seed | 8890 | [+4] | |
Jul 31, 2023 | India | Seed | 4120 | [+41] |
Unicorns in AngelBay's Portfolio
AngelBay has 2 unicorns in its portfolio - InCred and OakNorth Bank. The most recent unicorn in their portfolio is InCred. It became a unicorn in 2023, 2 years before AngelBay first invested in it.Here is a list of unicorns in AngelBay's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Provider of financial services specializing in personal, education, and business loans | 2016 | Mumbai | Series D | ggnzqu{ | ||
74 | Digital bank empowering entrepreneurs and savers with smart tools | 2015 | London | Series C | gveqflz |
IPOs and Publicly Listed companies in AngelBay's Portfolio
1 of AngelBay's portfolio company became public - Gensol. It got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Oct 2019 at marketcap of $9.48MHere are AngelBay's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 15, 2019 | - | - | 2653 |
Acquired companies in AngelBay's Portfolio
2 companies from AngelBay's portfolio have been acquired. The most recent acquisition was ClearDekho in Apr 2025 by SMV Jaipuria Group for $*****.Here are AngelBay's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 23, 2025 | - | - | 7649 | |
Oct 15, 2024 | Feb 11, 2022 | Series A | 1797 |
Team profile of AngelBay
AngelBay has a team of 2 members including 2 Partners located in India. AngelBay's team does not sit on the board of any company as of now.Co-investors of AngelBay
Over the past 6 years, 1325 investors have co-invested in AngelBay's portfolio companies. This includes funds and angels.
- Invested before AngelBay: Sorabh Agarwal, Venture Catalysts and 530 others have invested in rounds before AngelBay. There are 6 companies where Sorabh Agarwal has invested before AngelBay and 4 companies where Venture Catalysts has invested before AngelBay.
- Top Co-investors of AngelBay: 434 investors entered a company along with AngelBay. These include investors like Faad Capital (8 companies).
- Invested after AngelBay: A total of 359 investors have invested in AngelBay's portfolio after their investments. Top Investors include Angel List (2 companies) and 100Unicorns (2 companies).
Recent News related to AngelBay
•
Westlake Robotics secures nearly $14M to advance general AI robot development.Investorscn•Jan 09, 2025•Westaaustin, Cbonds, Bench Capital Advisory, and 2 others
•
Fintech startup FINQY raised $2 M fresh funding from multiple investorsIncubees•Aug 09, 2024•FinQY, AngelBay
•
FINQY Raises Dollar2 Million Funding to Spearhead Fintech Innovation and ExpansionBusinessnewsthisweek•Aug 07, 2024•FinQY, India Accelerator, AngelBay
•
Wellness brand Amocare raises $400K in pre-seed roundEntrackr•Jul 02, 2024•amocare, Faad Capital, Angelbay Holdings, AngelBay
•
House of Brands SuperCluster Pi secures $2Mn Pre-Series A fundingStartup Around•Jan 13, 2023•SuperCluster Pi, Inflection Point Ventures, Hyderabad Angels, Faad Capital and 4 others
•
pedalStart raises $300K in pre-seed round led by AngelBay, othersViestories•Dec 22, 2022•PedalStart, AngelBay
•
Venture Catalysts Infuses 5 Mn In Flickstree s Pre Series B RoundBW Businessworld•Oct 10, 2022•Flickstree, SOSV, Samsung Venture Investment, Orbit Startups and 11 others
•
6Degree raises Growth capital from SucSEED Indovation Fund and 1CrowdTechStory•Jun 30, 2022•6Degree, SucSEED Indovation, RiSo Capital, Keiretsu Forum and 1 other
•
School fee focused fintech platform Financepeer raises $38 MnEntrackr•Apr 18, 2022•LEO 1, QED Investors, MS Fincap, Atlanta Ventures and 10 others
•
Kolkata-based TABLT Pharmacy raises $1.5 millionBioSpectrum India•Feb 28, 2022•Tablt, JITO, JITO Incubation & Innovation Foundation, Tech Innovation and 3 others
