About Indian Angel Network
Indian Angel Network, established in 2006, is an angel investment group based in Delhi, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 290 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like Druva, Spinny and TrueFan AI. As of Sep 2026, Indian Angel Network has 4 unicorns under its belt and has witnessed 19 portfolio exits. Its latest investment was a $1.31M Seed round in CarbonStrong on Aug 25, 2026, which also saw participation from Rainmatter and Social Alpha.
To date, 2,686 investors have co-invested in Indian Angel Network's portfolio companies, including prominent names like Raman Roy.
Indian Angel Network's List of Top Investments
Indian Angel Network has a portfolio of 290 companies, including 4 unicorns. Their most notable investments are in Drink.ist and BreviStay.Their portfolio spans across India, United States, Sri Lanka and 3 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 38 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Indian Angel Network:
1. Druva
Provider of cloud-based platform for data protection, security, and governance. The platform delivers cyber resilience, automated threat response, and data recovery. It offers data protection, cyber response and recovery, and eDiscovery and compliance capabilities. The platform supports public cloud, hybrid cloud, SaaS applications, and endpoint environments.
Key facts about Druva
- Founded Year: 2008
- Location: Santa Clara (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $475M
- Employee Count: 1,373 as on Jul 31, 2026
- Investors: ADS Ventures, Founders Circle Capital and 42 Others
- Latest Funding Round: Series H, Apr 19, 2021, $*****
- Highlight: Editors' Pick
2. Spinny
Retailer of inspected pre-owned vehicles with home delivery service options. This business facilitates the purchase of used automobiles through an online platform and physical hubs. Each vehicle undergoes a technical evaluation to verify its condition before sale. The service includes options for vehicle financing, documentation processing, and home delivery. Customers may return vehicles within a specified timeframe after purchase.
Key facts about Spinny
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $698M
- Employee Count: 5,812 as on May 31, 2026
- Investors: WestBridge Capital, Fidelity Investments and 56 Others
- Latest Funding Round: Series G, Dec 12, 2025, $*****
- Highlight: Editors' Pick
3. TrueFan AI
Provider of AI video platform for enterprise marketing and content creation. It offers solutions for creating scalable, personalised video content. The platform supports multiple languages from a single recording. It provides AI video solutions for enterprises, plugging into existing workflows.
Key facts about TrueFan AI
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $21.1M
- Employee Count: 149 as on May 31, 2026
- Investors: Z3Partners, Volrado Venture Partners Fund and 29 Others
- Latest Funding Round: Series A, Jun 04, 2026, $*****
- Highlight: Editors' Pick
4. EatClub
Provider of D2C cloud kitchens and food delivery services. The app offers late-night delivery, live order tracking, and the ability to order from multiple brands in a single transaction. The company uses a cloud kitchen model, partnering with brands to provide a range of cuisines to its customers.
Key facts about EatClub
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $97.7M
- Employee Count: 3,656 as on Aug 31, 2025
- Investors: 360 One, Trifecta Capital and 76 Others
- Latest Funding Round: Series D, Jul 26, 2025, $*****
- Highlight: Editors' Pick
5. Ola
Operator of a network providing on-demand transportation and mobility solutions. It facilitates booking of rides through its platform. The company offers options for daily commutes, outstation trips, and hourly rentals. It also provides options for booking electric vehicles.
Key facts about Ola
- Founded Year: 2010
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series J
- Total Funding till date: $3.84B
- Employee Count: 3,724 as on Aug 31, 2025
- Investors: Helion Venture Partners, USM and 150 Others
- Latest Funding Round: Series J, Feb 22, 2022, $*****
- Highlight: Editors' Pick
Indian Angel Network's Year-on-Year Investment Trends
Indian Angel Network has invested in 290 companies over the last 20 years, with an average of 18 new investments annually in the last 10 years. In 2025, it made 28 investments, while as of Aug 2026, it has made 26 investments in this year. Its most recent first time investment was in CarbonStrong and most recent follow-on round was in The Sweet Change.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 20 | 6 | 26 |
2025 | 17 | 11 | 28 |
2024 | 11 | 10 | 21 |
2023 | 11 | 8 | 19 |
2022 | 27 | 17 | 44 |
2021 | 31 | 26 | 57 |
2020 | 19 | 12 | 31 |
2019 | 18 | 9 | 27 |
2018 | 10 | 5 | 15 |
2017 | 12 | 5 | 17 |
Indian Angel Network's Investments by Stage
Indian Angel Network has made 234 investments in Seed stage with an average round size of $706K, 31 investments in Series A stage with an average round size of $3.18M, 8 investments in Angel stage with an average round size of $521K and 1 investment in Series B stage with an average round size of $4M.Stage of entry | No. of Investments |
|---|---|
Seed | 234 |
Series A | 31 |
Angel | 8 |
Series B | 1 |
Note: We have considered here, only first round of investments
Indian Angel Network's Investments by Sector
Indian Angel Network has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Retail and Vertical SaaS. Notably, it has invested in 256 Tech companies, 170 Enterprise (B2B) companies, 142 Consumer (B2C) companies and at least 130 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 95 |
Enterprise Applications | 88 |
High Tech | 51 |
Retail | 43 |
Vertical SaaS | 32 |
Others | 390 |
Note: We have considered here, only first round of investments
Indian Angel Network's Investments by Geography
Indian Angel Network has made most investments in India (256), followed by United States where it has made 17 investments.Country | No. of Investments |
|---|---|
India | 256 |
United States | 17 |
United Kingdom | 5 |
Sri Lanka | 3 |
France | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Indian Angel Network's recent investments
Indian Angel Network has made 26 investments in 2026 so far. CarbonStrong and Invisel are the latest among them.Here are the most recent investments by Indian Angel Network:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 25, 2026 | India | Seed | 1840 | [+3] | |
Aug 13, 2026 | India | Seed | 8656 | [+1] | |
Jun 11, 2026 | India | Seed | 8778 | ||
Jun 04, 2026 | India | Series A | 9950 | ||
Jun 04, 2026 | India | Seed | 5632 |
Unicorns in Indian Angel Network's Portfolio
Indian Angel Network has 4 unicorns in its portfolio - Uniphore, Spinny, Druva and others. The most recent unicorn in their portfolio is Uniphore. It became a unicorn in 2022, 7 years after Indian Angel Network first invested in it.Here is a list of unicorns in Indian Angel Network's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of a business artificial intelligence platform with agentic and model layers | 2008 | Palo Alto | Series F | yqiesr{ | ||
76 | Retailer of inspected pre-owned vehicles with home delivery service options | 2015 | Gurugram | Series G | znwznms | ||
78 | Provider of cloud-based platform for data protection, security, and governance | 2008 | Santa Clara | Series H | egksdxj | ||
72 | Operator of a network providing on-demand transportation and mobility solutions | 2010 | Bengaluru | Series J | gxahode |
IPOs and Publicly Listed companies in Indian Angel Network's Portfolio
1 of Indian Angel Network's portfolio company became public - Klassroom. It got listed on the Bombay Stock Exchange (BSE), in Aug 2026 at marketcap of $15.6MHere are Indian Angel Network's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 07, 2026 | May 31, 2021 | Seed | 6674 |
Acquired companies in Indian Angel Network's Portfolio
18 companies from Indian Angel Network's portfolio have been acquired. The most recent acquisition was BreviStay in Jun 2026 by Ixigo for $*****.Here are Indian Angel Network's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 05, 2026 | Aug 03, 2022 | Seed | 1249 | |
Sep 01, 2025 | Jan 21, 2021 | Seed | 4261 | |
Sep 26, 2024 | - | - | 8775 | |
Sep 06, 2023 | Jun 15, 2016 | Seed | 5271 | |
Nov 28, 2022 | Jul 29, 2018 | Seed | 6048 |
Team profile of Indian Angel Network
Indian Angel Network has a team of 34 members including 4 Principals located in India. Indian Angel Network's team does not sit on the board of any company as of now.Here is a list of top team members in Indian Angel Network:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Principal | Bengaluru | - | ||
Principal | Kochi | - | ||
Principal | - | - | - | |
Principal | - | - | - |
Co-investors of Indian Angel Network
Over the past 20 years, 7287 investors have co-invested in Indian Angel Network's portfolio companies. This includes funds and angels.
- Invested before Indian Angel Network: LetsVenture, 100X.VC and 1891 others have invested in rounds before Indian Angel Network. There are 8 companies where LetsVenture has invested before Indian Angel Network and 7 companies where 100X.VC has invested before Indian Angel Network.
- Top Co-investors of Indian Angel Network: 2686 investors entered a company along with Indian Angel Network. These include investors like Raman Roy (100 companies).
- Invested after Indian Angel Network: A total of 2708 investors have invested in Indian Angel Network's portfolio after their investments. Top Investors include Haystack (14 companies) and Gopal Menon (11 companies).
Recent News related to Indian Angel Network
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Milo Drive Raises $2.4 Million in Seed Funding to Expand Fleet PlatformCyberMedia India Online•Jul 09, 2026•Caret Capital, Milo Drive, Alteria Capital, Antler and 3 others
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IAN Angel Fund Deploys Over ₹115 Crore in FY26 for Deeptech StartupsCyberMedia India Online•Jun 26, 2026•Indian Angel Network
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EV Logistics Startup Zypp Electric Plans $200 Mn IPO in FY28Outlook Business•Jun 22, 2026•Zypp Electric, Goodyear Ventures, Venture Catalysts, Indian Angel Network and 6 others
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AI video startup TrueFan AI raises $10Mn Series A fundingViestories•Jun 04, 2026•TrueFan AI, Indian Angel Network, 3Lines, Baring Private Equity Partners and 1 other
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Aquapulse Raises Rs 45 Crore for Technology and ExpansionEntrackr•Jun 02, 2026•Indian Angel Network, NABVENTURES, Aquapulse, BioDimension
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ANSCER Robotics Secures $5.4 Million Series A Funding Led by IAN Alpha FundEntrackr•May 20, 2026•Anscerrobotics.com, Indian Angel Network, Info Edge Ventures, ANSCER and 2 others
