When was Mumbai Angels founded?

Mumbai Angels was founded in 2006.

Where is Mumbai Angels' headquarters located?

Mumbai Angels' headquarters is located in Mumbai (India).

How big is Mumbai Angels' investment team?

Mumbai Angels has a team of 14, including 3 partners.

How many companies has Mumbai Angels invested in?

Mumbai Angels has invested in 253 companies, including Purplle & Tala.

Which companies has Mumbai Angels invested in lately?

Barneys & BLEP are the latest investments by Mumbai Angels.

What sectors does Mumbai Angels focus on for investments?

Top sectors in Mumbai Angels' portfolio are Enterprise Applications (85 investments) and Consumer (76 investments).

How many exits has Mumbai Angels been involved in?

Mumbai Angels' portfolio has seen 1 IPO and 39 acquisitions.

How many unicorns are there in Mumbai Angels' portfolio?

There are 2 unicorns in Mumbai Angels' portfolio.

Mumbai Angels - 2026 Investor Profile, Portfolio, Team & Investment Trends

Mumbai Angels, established in 2006, is an angel investment group based in Mumbai, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 253 firms, spanning the Enterprise Applications, Consumer sectors. Its most notable investments include companies like Purplle, Tala and Blu-Smart. As of Nov 2026, Mumbai Angels has 2 unicorns under its belt and has witnessed 40 portfolio exits. Its latest investment was a Undisclosed Seed round in Barneys on Apr 13, 2026, which also saw participation from TCA and Chandigarh Angels Network.

To date, 2,885 investors have co-invested in Mumbai Angels's portfolio companies, including prominent names like Ankur Shah.

Key Metrics

Founded Year

2006

Location

Mumbai, India

Portfolio Companies

Purplle, Tala & 251 more

Sectors of Investment

Enterprise Applications, Consumer & 32 more

Stages of Investment

Seed, Series A & 1 more

Locations of Investment

India, United States & 7 more

Unicorn in Portfolio

Purplle & InMobi

View Mumbai Angels's full profile

Mumbai Angels has a portfolio of 253 companies, including 2 unicorns. Their most notable investments are in ixamBee and Instoried.Their portfolio spans across India, United States, Singapore and 6 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 31 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Mumbai Angels:

1. Purplle

Retailer of beauty and cosmetic products. This omnichannel platform offers a wide range of beauty and grooming items, including makeup, skincare, hair care, and fragrance products. The company provides a personalized shopping experience by recommending items based on individual preferences and purchase behavior. It operates both online and through physical retail outlets to provide a comprehensive selection of beauty solutions. PF = Yes

Key facts about Purplle

Founded Year: 2012
Location: Mumbai (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series F
Total Funding till date: $560M
Employee Count: 973 as on Jul 31, 2025
Investors: ADIA, Goldman Sachs and 108 Others
Latest Funding Round: Series F, Jun 27, 2024, $*****
Highlight: Editors' Pick

2. Tala

Provider of financial infrastructure and credit decision models. This entity develops risk intelligence and underwriting engines designed to facilitate access to credit. The technology utilizes behavioral data to assess creditworthiness and enable financial transactions through digital interfaces.

Key facts about Tala

Founded Year: 2011
Location: Santa Monica (United States)
Valuation: $*****
Stage: Series E
Total Funding till date: $346M
Employee Count: 906 as on Sep 30, 2026
Investors: Western Technology Investment, Founders Circle Capital and 52 Others
Latest Funding Round: Conventional Debt, Mar 20, 2025, $*****
Highlight: Editors' Pick

3. Blu-Smart

Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.

Key facts about Blu-Smart

Founded Year: 2019
Location: Gurugram (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
Last Known Valuation: $*****
Stage: Deadpooled
Total Funding till date: $159M
Employee Count: 613 as on Feb 28, 2025
Investors: SoftBank Group, BlackSoil and 281 Others
Latest Funding Round: Series A, Dec 23, 2024, $*****

4. STAGE

Provider of Indian movies, web series and originals. It offers a variety of content in different languages such as Haryanvi, Rajasthani, Bhojpuri, and Gujarati. The platform provides access to a wide selection of movies and shows across genres like drama, romance, thriller, and comedy.

Key facts about STAGE

Founded Year: 2019
Location: Delhi (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series B
Total Funding till date: $23.7M
Employee Count: 109 as on Aug 31, 2025
Investors: GrowthStory, NB Ventures and 203 Others
Latest Funding Round: Series B, Dec 13, 2024, $*****
Highlight: Editors' Pick

5. Exotel

Provider of AI-powered customer engagement and communication solutions. The company offers a unified platform that integrates voice, messaging, and contact center capabilities to facilitate omnichannel interactions. Its solutions include conversational intelligence, automated voice and chat agents, and real-time streaming infrastructure designed to enhance customer experience and operational efficiency. By leveraging AI and automation, the platform helps businesses manage customer journeys, improve agent productivity, and ensure reliable connectivity across various communication channels.

Key facts about Exotel

Founded Year: 2011
Location: Bengaluru (India)
Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series D
Total Funding till date: $83.4M
Employee Count: 651 as on May 31, 2026
Investors: Steadview, CX Partners and 61 Others
Latest Funding Round: Series D, Jan 03, 2022, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Mumbai Angels has invested in 253 companies over the last 19 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 4 investments, while as of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in BLEP and most recent follow-on round was in Barneys.

Here are Mumbai Angels' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	1	1
2025	1	3	4
2024	4	9	13
2023	13	17	30
2022	28	23	51
2021	32	14	46
2020	22	5	27
2019	13	0	13
2018	9	0	9
2017	6	0	6

View all investments by Mumbai Angels

Mumbai Angels has made 158 investments in Seed stage with an average round size of $783K, 14 investments in Series A stage with an average round size of $2.63M and 6 investments in Angel stage with an average round size of $317K.

Here are Mumbai Angels' investments by stage:

Stage of entry	No. of Investments
Seed	158
Series A	14
Angel	6

Note: We have considered here, only first round of investments

View all investments by Mumbai Angels

Mumbai Angels has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, High Tech and Vertical SaaS. Notably, it has invested in 209 Tech companies, 135 Consumer (B2C) companies, 129 Enterprise (B2B) companies and at least 115 companies focusing on Software.

Here are Mumbai Angels' investments by sector:

Sector	No. of Investments
Consumer	57
Enterprise Applications	56
Retail	36
High Tech	23
Vertical SaaS	23
Others	247

Note: We have considered here, only first round of investments

View all investments by Mumbai Angels

Mumbai Angels has made most investments in India (165), followed by United States where it has made 11 investments.

Here are Mumbai Angels' investments by geography:

Country	No. of Investments
India	165
United States	11
Singapore	3

Note: We have considered here, only first round of investments

View all investments by Mumbai Angels

Mumbai Angels has made 1 investments in 2026 so far - Barneys.

Here are the most recent investments by Mumbai Angels:

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Date	Company	Location	Round Details	Round Amount	Co-Investors
Apr 13, 2026	Barneys	India	Seed	9748	TCA [+2]
Apr 17, 2025	BLEP	India	Seed	9501	Invstt [+7]
Mar 11, 2025	Gramiyaa	India	Seed	5907	Homegrown Ventures [+1]
Mar 11, 2025	goSTOPS	India	Series A	6026	Blume Venture [+5]
Jan 20, 2025	Samosa Singh	India	Series A	9445	Kanwal Kumar Mookhey [+4]

See more recent investments made by Mumbai Angels

Mumbai Angels has 2 unicorns in its portfolio - Purplle and InMobi. The most recent unicorn in their portfolio is Purplle. It became a unicorn in 2022, 8 years after Mumbai Angels first invested in it.

Here is a list of unicorns in Mumbai Angels' portfolio:

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Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
85	Purplle	Retailer of beauty and cosmetic products	2012	Retail [+1]	Mumbai	Series F	fqiztng
72	InMobi	GenAI-powered consumer internet platform connecting brands and consumers through advertising, discovery, and commerce	2007	Enterprise Applications [+1]	Bengaluru	Series D	xxzltji

View more details about unicorns in Mumbai Angels' portfolio

1 of Mumbai Angels' portfolio company became public - Tonbo Imaging. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $423M

Here are Mumbai Angels' portfolio companies that went public:

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Company	IPO Date	First Invested on	First Round of Investment	Round Size
Tonbo Imaging	Oct 23, 2026	2011	Seed	8359

View more details about public companies in Mumbai Angels' portfolio

39 companies from Mumbai Angels' portfolio have been acquired. The most recent acquisition was VideoVerse in Sep 2025 by Minute for $*****.

Here are Mumbai Angels' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
VideoVerse	Sep 09, 2025	Jul 03, 2019	Seed	7932
NextGen Healthcare Information Systems	May 02, 2025	-	-	3669
Milk Mantra	Jan 21, 2025	-	-	8834
Prescinto	Oct 15, 2024	Mar 17, 2021	Seed	7762
Goodera	Dec 06, 2023	-	-	9467

View all acquired companies in Mumbai Angels' portfolio

Mumbai Angels has a team of 14 members including 3 Partners located in India. Mumbai Angels' team sits on the board of 2 companies.

Here is a list of top team members in Mumbai Angels:

Name	Designation	Location	Board Memberships	Contact Details
Viswamitra Sachidananda Hariharan	Partner	Mumbai	Hurix Digital and Kitaboo	1 Email, 1 Phone number
Praveen Chakravarthy	Partner	India	-	1 Email
Akshay Chudasama	Partner	-	-	-

View team details of Mumbai Angels

Over the past 19 years, 6873 investors have co-invested in Mumbai Angels's portfolio companies. This includes funds and angels.

Invested before Mumbai Angels: Angel List, LVX and 1715 others have invested in rounds before Mumbai Angels. There are 9 companies where Angel List has invested before Mumbai Angels and 7 companies where LVX has invested before Mumbai Angels.
Top Co-investors of Mumbai Angels: 2885 investors entered a company along with Mumbai Angels. These include investors like Ankur Shah (36 companies).
Invested after Mumbai Angels: A total of 2271 investors have invested in Mumbai Angels's portfolio after their investments. Top Investors include Nandini Mansinghka (14 companies) and Inflection Point Ventures (10 companies).