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The 50 Most Active Angel Investors in India (2025 Edition)


Founder's Playbook SeriesIndian Edition
H

HelloVC Research

April 2025 · 5 min read

PERSPECTIVE

India now has over 10,000 registered angel investors, but the vast majority are inactive. This list focuses on angels who have written at least two checks in the past 18 months and are actively seeking new deals in 2025. We have grouped them by sector focus and typical check size so you can target your outreach efficiently.

How This List Was Built


We compiled this list using Tracxn data, AngelList India activity, LinkedIn announcements, and direct outreach to founders who received angel funding between October 2023 and March 2025. We excluded angels who have moved primarily to fund management roles and those who have not made a disclosed investment in the last 12 months.

Check size ranges are approximate and based on publicly disclosed deals or founder interviews. Sector focuses are indicative — many angels invest across categories. We recommend following each investor on LinkedIn and engaging with their content before cold-reaching.

Fintech & B2B SaaS Angels


Kunal Shah (CRED founder) remains the most active angel in Indian fintech and consumer internet. Check size ₹25L–₹1Cr. Follows on quickly when metrics improve. Best approached via warm introductions from his portfolio companies.

Sanjay Mehta (100X.VC) writes checks from ₹25L–₹50L at pre-seed. One of the most responsive investors for first-time founders from Tier 2 cities. Focus areas: B2B SaaS, fintech infrastructure, supply chain.

Gagan Biyani (Udemy co-founder, Indian-American) has been increasingly active in Indian edtech and B2B tools. Check size $25K–$100K. Strong US network for companies planning international expansion.

Jiten Gupta (Jupiter Money founder) focuses on fintech, specifically payment infrastructure, neobanking, and credit products. Pre-seed to seed. ₹50L–₹2Cr range.

Consumer & D2C Angels


Vineeta Singh (Sugar Cosmetics CEO) is highly active in D2C consumer brands, specifically beauty, wellness, and lifestyle. Check size ₹25L–₹75L. Brings both capital and distribution knowledge.

Ghazal Alagh (Mamaearth co-founder) focuses on consumer health, clean beauty, and sustainable brands. ₹25L–₹1Cr. Particularly valuable for brands targeting millennial and Gen Z women.

Amit Jain (CarDekho Group CEO) is active in automotive, mobility, and consumer services. Pre-seed to seed. ₹50L–₹2Cr.

Ritesh Agarwal (OYO founder) invests in hospitality, travel tech, and housing. Has written over 40 angel checks since 2022. Check size varies significantly.

How to Approach Angels Effectively


The cold email to an angel investor should be under 100 words. One sentence on what you do. One sentence on your traction. One sentence on why you are reaching out to this specific person. A link to your deck.

Do not attach the deck to the first email — link to a password-protected Google Drive or Docsend. It signals professionalism and lets you track who opened it.

Timing matters. Monday mornings and Tuesday afternoons have the highest reply rates for investor outreach based on our analysis of 800+ cold email campaigns by HelloVC founders. Avoid Friday afternoons and weekends entirely.

Follow up once, exactly 5 business days later, with a single line: 'Wanted to make sure this landed.' Do not apologise for following up. Do not ask if they had time. One clean follow-up. If there is no response after that, move on.

The full list of 50 angels with LinkedIn profiles, sector tags, and typical check sizes is available in the HelloVC Angel Database — updated quarterly. Subscribe to access the complete sheet.


HelloVC.inInvestor Lists · April 2025
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