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 11, 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 38 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 Myntra. As of Sep 2026, Mumbai Angels has 2 unicorns under its belt and has witnessed 38 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, 2,864 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 & 2 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 Instoried and Jade Forest.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 2 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: 908 as on Aug 31, 2026
Investors: Western Technology Investment, Founders Circle Capital and 51 Others
Latest Funding Round: Conventional Debt, Mar 20, 2025, $*****
Highlight: Editors' Pick

3. Myntra

Online retailer of fashion, lifestyle, beauty, personal care, and home products. The company provides clothing, footwear, accessories, personal care items, and home furnishings. Merchandise includes apparel, shoes, jewellery, makeup, skincare, home décor, and bedding. The business offers a loyalty program and a personalized fashion feed.

Key facts about Myntra

Founded Year: 2007
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Last Known Valuation: $*****
Stage: Acquired
Total Funding till date: $125M
Employee Count: 1,031 as on Apr 30, 2026
Investors: Helion Venture Partners, Chiratae Ventures and 25 Others
Latest Funding Round: Series E, Jan 27, 2014, $*****
Highlight: Acquired

4. 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 280 Others
Latest Funding Round: Series A, Dec 23, 2024, $*****

5. Exotel

Provider of cloud-based communication platform offering AI-powered customer engagement solutions. The platform delivers enterprise connectivity and conversation intelligence across various channels. It offers tools for intelligent voice and chat agents, conversational context, and AI-powered contact centers. The platform provides features such as voice streaming, dynamic SIP trunking, and messaging application programming interfaces.

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: $97.7M
Employee Count: 574 as on Jun 30, 2025
Investors: Steadview, CX Partners and 65 Others
Latest Funding Round: Venture Debt, May 09, 2023, $*****
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	12	18	30
2022	29	22	51
2021	31	14	45
2020	23	4	27
2019	13	0	13
2018	9	0	9
2017	6	0	6

View all investments by Mumbai Angels

Mumbai Angels has made 156 investments in Seed stage with an average round size of $802K, 13 investments in Series A stage with an average round size of $2.82M, 6 investments in Angel stage with an average round size of $317K and 1 investment in Series B stage with an average round size of $5.43M.

Here are Mumbai Angels' investments by stage:

Stage of entry	No. of Investments
Seed	156
Series A	13
Angel	6
Series B	1

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 Enterprise Applications, Consumer, Retail, Vertical SaaS and High Tech. Notably, it has invested in 210 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
Enterprise Applications	56
Consumer	55
Retail	36
Vertical SaaS	24
High Tech	23
Others	244

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 10 investments.

Here are Mumbai Angels' investments by geography:

Country	No. of Investments
India	165
United States	10
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:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Apr 13, 2026	Barneys	India	Seed	8001	TCA [+2]
Apr 17, 2025	BLEP	India	Seed	3346	Invstt [+7]
Mar 11, 2025	Gramiyaa	India	Seed	7905	Homegrown Ventures [+1]
Mar 11, 2025	goSTOPS	India	Series A	8007	Blume Venture [+5]
Jan 20, 2025	Samosa Singh	India	Series A	3196	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:

Filter this list

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	{iymbbs
72	InMobi	Provider of advertising solutions and platforms for brand building and growth	2007	Enterprise Applications [+1]	Bengaluru	Series D	judydpw

View more details about unicorns in Mumbai Angels' portfolio

38 companies from Mumbai Angels' portfolio have been acquired. The most recent acquisition was NextGen Healthcare Information Systems in May 2025 by MDP 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
NextGen Healthcare Information Systems	May 02, 2025	-	-	1119
Milk Mantra	Jan 21, 2025	-	-	2935
Prescinto	Oct 15, 2024	Mar 17, 2021	Seed	8278
Goodera	Dec 06, 2023	-	-	5792
Pickright	Mar 20, 2023	May 14, 2021	Seed	8060

View all acquired companies in Mumbai Angels' portfolio

Mumbai Angels has a team of 11 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, 6802 investors have co-invested in Mumbai Angels's portfolio companies. This includes funds and angels.

Invested before Mumbai Angels: Angel List, LetsVenture and 1714 others have invested in rounds before Mumbai Angels. There are 8 companies where Angel List has invested before Mumbai Angels and 8 companies where LetsVenture has invested before Mumbai Angels.
Top Co-investors of Mumbai Angels: 2864 investors entered a company along with Mumbai Angels. These include investors like Ankur Shah (36 companies).
Invested after Mumbai Angels: A total of 2222 investors have invested in Mumbai Angels's portfolio after their investments. Top Investors include Nandini Mansinghka (14 companies) and Inflection Point Ventures (10 companies).