Mumbai Angel Network by StartupLanes: Empowering India’s Startup Ecosystem
Mumbai, the city of dreams, is not just the financial capital of India but also a thriving hub for innovation and entrepreneurship. At the heart of this vibrant ecosystem is the Mumbai Angel Network by StartupLanes, a leading angel investment network dedicated to nurturing early-stage startups. With a mission to fuel innovation and support budding entrepreneurs, Mumbai Angel Network has become a cornerstone of India’s startup landscape.
StartupLanes, the parent organization behind Mumbai Angel Network, is a global ecosystem for startups and investors. With a presence in 56 cities across 15 countries, StartupLanes has built a robust network of startups, investors, and mentors. The Mumbai Angel Network is one of its flagship initiatives, designed to connect startups with angel investors who provide not just capital but also mentorship, industry connections, and strategic guidance.
So far, StartupLanes has invested over ₹385 crores in 135 startups, making it one of the most active angel networks in India. The portfolio of funded startups spans diverse sectors such as fintech, healthtech, edtech, SaaS, consumer internet, agritech, and more. If you’re a startup looking to raise funds or an investor seeking high-potential opportunities, Mumbai Angel Network by StartupLanes is your gateway to success.
What is Mumbai Angel Network by StartupLanes?
Mumbai Angel Network by StartupLanes is a collective of high-net-worth individuals (HNIs), seasoned entrepreneurs, and industry experts who invest in early-stage startups. The network focuses on startups with innovative ideas, scalable business models, and the potential to solve real-world problems. MAN provides funding at the seed and pre-Series A stages, with ticket sizes ranging from ₹25 lakhs to ₹5 crores.
The network goes beyond just funding. It offers startups access to a vast pool of mentors, industry experts, and corporate leaders who provide guidance on product development, market strategy, fundraising, and scaling operations. This holistic approach ensures that startups not only survive but thrive in a competitive market.
Why Mumbai is a Startup Hub
Mumbai’s status as India’s financial capital makes it a natural breeding ground for startups. The city is home to the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the headquarters of numerous banks and financial institutions. This ecosystem provides startups with access to capital, talent, and a robust market for their products and services.
Additionally, Mumbai’s cosmopolitan culture, diverse population, and thriving consumer market make it an ideal testing ground for new ideas. The city’s infrastructure, connectivity, and access to global markets further enhance its appeal as a startup hub. From fintech giants like Paytm and Policybazaar to edtech leaders like UpGrad, Mumbai has produced some of India’s most successful startups.
How Mumbai Angel Network by StartupLanes Works
Mumbai Angel Network by StartupLanes operates as a platform where startups can pitch their ideas to a group of experienced investors. The process is designed to be simple, transparent, and efficient:
- Application: Startups apply through the StartupLanes website or are referred by partners and mentors.
- Screening: The StartupLanes team evaluates the applications and shortlists startups based on their potential, innovation, and scalability.
- Pitching: Shortlisted startups present their ideas to the network’s members during pitch sessions.
- Due Diligence: StartupLanes conducts a thorough due diligence process to assess the startup’s business model, market potential, and team.
- Investment: If the investors are convinced, they collectively invest in the startup.
- Post-Investment Support: StartupLanes provides ongoing mentorship, networking opportunities, and strategic guidance to help the startup grow.
StartupLanes’ Impact: ₹385 Crores Invested in 135 Startups
StartupLanes has made a significant impact on India’s startup ecosystem by investing ₹385 crores in 135 startups. These startups span a wide range of sectors, including fintech, healthtech, edtech, SaaS, consumer internet, agritech, and more. The portfolio of funded startups is a testament to StartupLanes’ commitment to fostering innovation and supporting entrepreneurs.
Here’s a list of notable startups having their presense in Mumbai:
1. Bombay Shaving Company
Bombay Shaving Company is a D2C brand offering premium grooming products for men and women. Founded in 2016 by Shantanu Deshpande, it focuses on razors, shaving creams, and skincare. The startup has raised over $20 million from investors like Colgate-Palmolive and Sixth Sense Ventures. It combines traditional shaving rituals with modern innovation, targeting urban consumers. The brand is known for its quirky marketing and high-quality products, making it a leader in India’s grooming industry.
2. Milkbasket
Milkbasket, founded in 2015 by Anant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia, is a micro-delivery platform for daily essentials like milk, bread, and eggs. It delivers before 7 AM, ensuring convenience for customers. Acquired by Reliance Retail in 2022, Milkbasket operates in multiple cities and has raised over $33 million. Its unique delivery model and focus on customer retention have made it a household name in urban India.
3. Purplle
Purplle, founded in 2012 by Manish Taneja and Rahul Dash, is an online beauty and personal care platform. It offers a wide range of products from international and Indian brands. With over $200 million in funding from investors like Kedaara Capital and Verlinvest, Purplle has become a leading player in India’s e-commerce beauty space. The platform also features its private labels, catering to diverse customer needs.
4. Dealshare
Dealshare, founded in 2018 by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar, is a social commerce platform targeting middle-income consumers. It offers discounted products in grocery, home care, and fashion. Backed by investors like Tiger Global and Alpha Wave Global, Dealshare has raised over $390 million. The startup focuses on tier 2 and 3 cities, leveraging WhatsApp for group buying and community engagement.
5. ZestMoney
ZestMoney, founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, is a buy-now-pay-later (BNPL) platform. It enables customers to make purchases through EMI options without credit cards. With over $130 million in funding from investors like Goldman Sachs and Quona Capital, ZestMoney has partnered with major e-commerce platforms. It aims to make credit accessible to India’s underserved population.
6. Acko
Acko, founded in 2016 by Varun Dua, is a digital insurance provider offering motor, health, and travel insurance. It uses technology to simplify claims and policy management. Backed by investors like Amazon and Accel, Acko has raised over $450 million. The startup is known for its innovative products, such as pay-per-kilometer insurance, and has become a key player in India’s insurtech space.
7. Upstox
Upstox, founded in 2012 by Ravi Kumar, Shrinivas Viswanath, and Kavitha Subramanian, is a discount brokerage platform offering stock trading, mutual funds, and commodities. With over $35 million in funding from investors like Tiger Global, Upstox has democratized investing in India. It provides low-cost trading solutions and a user-friendly app, making it popular among retail investors.
8. Licious
Licious, founded in 2015 by Abhay Hanjura and Vivek Gupta, is a D2C brand offering fresh meat and seafood. It ensures quality through a farm-to-fork model and has raised over $300 million from investors like Temasek and 3one4 Capital. Licious operates in multiple cities and is known for its hygienic processing and delivery standards.
9. Nykaa
Nykaa, founded in 2012 by Falguni Nayar, is a leading beauty and wellness e-commerce platform. It offers a wide range of products, including its private labels. Nykaa went public in 2021 and has raised over $100 million. The platform is known for its curated product selection and offline stores, making it a trusted name in India’s beauty industry.
10. Groww
Groww, founded in 2017 by Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh, is an investment platform offering mutual funds, stocks, and ETFs. With over $390 million in funding from investors like Sequoia Capital and Y Combinator, Groww has simplified investing for beginners. Its intuitive app and educational content have made it a favorite among millennials.
11. OfBusiness
OfBusiness, founded in 2015 by Asish Mohapatra, Ruchi Kalra, and others, provides raw materials and credit to SMEs. It combines commerce and fintech to offer seamless procurement solutions. With over $900 million in funding from investors like SoftBank and Falcon Edge, OfBusiness has become a key player in India’s B2B space.
12. CarDekho
CarDekho, founded in 2008 by Amit Jain and Anurag Jain, is an online platform for buying and selling cars. It also offers insurance and financing options. Backed by investors like Sequoia Capital and Hillhouse Capital, CarDekho has raised over $400 million. The platform is known for its comprehensive car research tools and user-friendly interface.
13. Razorpay
Razorpay, founded in 2014 by Harshil Mathur and Shashank Kumar, is a payment gateway for businesses. It offers solutions like payment links, invoicing, and payroll management. With over $740 million in funding from investors like GIC and Sequoia Capital, Razorpay has become a leading fintech player in India.
14. Pine Labs
Pine Labs, founded in 1998 by Lokvir Kapoor, offers payment solutions for merchants. It provides POS systems, gift cards, and buy-now-pay-later options. With over $1 billion in funding from investors like Sequoia Capital and Mastercard, Pine Labs has expanded across Asia and the Middle East.
15. Unacademy
Unacademy, founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh, is an online learning platform offering courses for competitive exams. With over $800 million in funding from investors like SoftBank and Facebook, Unacademy has become a leader in India’s edtech space. It features live classes, mock tests, and personalized learning.
16. Cars24
Cars24, founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal, and Gajendra Jangid, is a platform for buying and selling used cars. It offers instant payments and doorstep inspections. With over $1 billion in funding from investors like DST Global and Alpha Wave Global, Cars24 has expanded to international markets.
17. MobiKwik
MobiKwik, founded in 2009 by Bipin Preet Singh and Upasana Taku, is a digital wallet and payment platform. It offers services like mobile recharges, bill payments, and loans. With over $250 million in funding from investors like Sequoia Capital and Bajaj Finance, MobiKwik has become a key player in India’s fintech space.
18. Urban Company
Urban Company, founded in 2014 by Abhiraj Bhal, Raghav Chandra, and Varun Khaitan, is a platform for booking home services like cleaning, plumbing, and beauty. With over $600 million in funding from investors like Prosus Ventures and Tiger Global, Urban Company operates in multiple countries and ensures quality through trained professionals.
19. Ola Electric
Ola Electric, founded in 2017 by Bhavish Aggarwal, is an electric vehicle manufacturer. It focuses on scooters and charging infrastructure. With over $800 million in funding from investors like SoftBank and Temasek, Ola Electric aims to revolutionize India’s EV market.
20. PharmEasy
PharmEasy, founded in 2015 by Dharmil Sheth and Dhaval Shah, is an online pharmacy offering medicines, diagnostics, and telehealth services. With over $1.5 billion in funding from investors like Prosus Ventures and TPG Growth, PharmEasy has become a leader in India’s healthtech space.
21. Cure.fit
Cure.fit, founded in 2016 by Mukesh Bansal and Ankit Nagori, offers fitness and wellness services through its app and offline centers. With over $400 million in funding from investors like Temasek and Accel, Cure.fit provides yoga, gyms, and mental health services.
22. Swiggy
Swiggy, founded in 2014 by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, is a food delivery platform. It also offers grocery delivery through Instamart. With over $3.5 billion in funding from investors like Prosus Ventures and Invesco, Swiggy is a leader in India’s foodtech space.
23. Zomato
Zomato, founded in 2008 by Deepinder Goyal and Pankaj Chaddah, is a food delivery and restaurant discovery platform. It went public in 2021 and has raised over $2 billion. Zomato operates in multiple countries and is known for its innovative marketing and user-friendly app.
24. Policybazaar
Policybazaar, founded in 2008 by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar, is an online insurance comparison platform. It offers policies for health, life, and motor insurance. With over $700 million in funding from investors like SoftBank and Tencent, Policybazaar went public in 2021.
25. Paytm
Paytm, founded in 2010 by Vijay Shekhar Sharma, is a digital payments and financial services platform. It offers mobile wallets, UPI, and e-commerce services. With over $5 billion in funding from investors like SoftBank and Ant Group, Paytm went public in 2021.
26. BYJU’S
BYJU’S, founded in 2011 by Byju Raveendran, is an online learning platform offering courses for K-12 and competitive exams. With over $5 billion in funding from investors like Sequoia Capital and Chan-Zuckerberg Initiative, BYJU’S has become a global edtech leader.
27. Dream11
Dream11, founded in 2008 by Harsh Jain and Bhavit Sheth, is a fantasy sports platform. It allows users to create teams and win prizes based on real-match performances. With over $1 billion in funding from investors like Tencent and Footpath Ventures, Dream11 is a leader in India’s fantasy sports market.
28. CRED
CRED, founded in 2018 by Kunal Shah, is a credit card rewards platform. It offers exclusive discounts and cashback for timely payments. With over $800 million in funding from investors like Tiger Global and Falcon Edge, CRED has become a popular app among urban millennials.
29. Udaan
Udaan, founded in 2016 by Amod Malviya, Vaibhav Gupta, and Sujeet Kumar, is a B2B e-commerce platform. It connects manufacturers, wholesalers, and retailers. With over $1.5 billion in funding from investors like Tencent and Altimeter Capital, Udaan has become a key player in India’s B2B space.
30. InMobi
InMobi, founded in 2007 by Naveen Tewari, Mohit Saxena, Amit Gupta, and Abhay Singhal, is a mobile advertising platform. It offers programmatic advertising and data analytics. With over $300 million in funding from investors like SoftBank and Sherpalo Ventures, InMobi is a global leader in mobile advertising.
31. Oyo Rooms
Oyo Rooms, founded in 2013 by Ritesh Agarwal, is a hospitality platform offering budget accommodations. With over $3 billion in funding from investors like SoftBank and Sequoia Capital, Oyo has expanded to multiple countries and offers standardized stays at affordable prices.
32. Lendingkart
Lendingkart, founded in 2014 by Harshvardhan Lunia and Mukul Sachan, is an online lending platform for SMEs. It uses data analytics to assess creditworthiness. With over $200 million in funding from investors like Fullerton Financial Holdings and Bertelsmann, Lendingkart has become a key player in India’s fintech space.
33. MoneyTap
MoneyTap, founded in 2015 by Bala Parthasarathy, Anuj Kacker, and Kunal Varma, is a credit line app for individuals. It offers instant loans through a revolving credit facility. With over $80 million in funding from investors like Sequoia Capital and RTP Global, MoneyTap has simplified access to credit for urban Indians.
34. Testbook
Testbook, founded in 2014 by Ashutosh Kumar, Manoj Munna, Abhishek Sagar, and Praveen Agrawal, is an online test preparation platform. It offers courses for government exams and competitive tests. With over $100 million in funding from investors like Insight Partners and Times Internet, Testbook has become a leader in India’s edtech space.
35. Rupeek
Rupeek, founded in 2015 by Sumit Maniyar, is a gold loan platform. It offers doorstep gold loans with transparent pricing. With over $200 million in funding from investors like Sequoia Capital and Accel, Rupeek has become a trusted name in India’s fintech space.
36. Khatabook
Khatabook, founded in 2018 by Ravish Naresh, Jaideep Poonia, Dhanesh Kumar, and Ashish Sonone, is a digital ledger app for small businesses. It helps merchants track payments and manage accounts. With over $150 million in funding from investors like B Capital and Tencent, Khatabook has become a popular tool among Indian SMEs.
37. Meesho
Meesho, founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, is a social commerce platform. It enables resellers to sell products through WhatsApp and Facebook. With over $1 billion in funding from investors like SoftBank and Prosus Ventures, Meesho has become a leader in India’s social commerce space.
38. NoBroker
NoBroker, founded in 2014 by Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg, is a real estate platform. It connects buyers and tenants directly with property owners. With over $350 million in funding from investors like Tiger Global and General Atlantic, NoBroker has disrupted India’s traditional brokerage model.
39. Livspace
Livspace, founded in 2014 by Anuj Srivastava and Ramakant Sharma, is an online home interiors platform. It offers end-to-end design and renovation services. With over $450 million in funding from investors like Kharis Capital and Ingka Group, Livspace has become a leader in India’s home interiors market.
40. Rebel Foods
Rebel Foods, founded in 2011 by Jaydeep Barman and Kallol Banerjee, is a cloud kitchen company. It operates multiple food brands like Faasos and Behrouz Biryani. With over $350 million in funding from investors like Sequoia Capital and Coatue, Rebel Foods has expanded to international markets.
41. HealthifyMe
HealthifyMe, founded in 2012 by Tushar Vashisht, Sachin Shenoy, and Mathew Cherian, is a health and fitness app. It offers personalized diet plans and workout routines. With over $100 million in funding from investors like Chiratae Ventures and Khosla Ventures, HealthifyMe has become a leader in India’s healthtech space.
42. Pepperfry
Pepperfry, founded in 2011 by Ambareesh Murty and Ashish Shah, is an online furniture and home decor platform. It offers a wide range of products and services like interior design. With over $200 million in funding from investors like Goldman Sachs and Norwest Venture Partners, Pepperfry has become a leader in India’s e-commerce space.
43. Cleartrip
Cleartrip, founded in 2006 by Stuart Crighton, Hrush Bhatt, and Matthew Spacie, is an online travel platform. It offers flight, hotel, and train bookings. Acquired by Flipkart in 2021, Cleartrip has raised over $70 million from investors like Concur Technologies and Gund Investment.
44. BookMyShow
BookMyShow, founded in 2007 by Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande, is an online ticketing platform. It offers movie, event, and sports tickets. With over $200 million in funding from investors like TPG Growth and Stripes Group, BookMyShow has become a leader in India’s entertainment space.
45. Netmeds
Netmeds, founded in 2010 by Pradeep Dadha, is an online pharmacy offering medicines and wellness products. Acquired by Reliance Industries in 2020, Netmeds has raised over $100 million from investors like OrbiMed and Daun Penh Cambodia.
46. Dunzo
Dunzo, founded in 2015 by Kabeer Biswas, Ankur Aggarwal, Dalvir Suri, and Mukund Jha, is a hyperlocal delivery platform. It offers services like grocery delivery and package pickup. With over $400 million in funding from investors like Google and Lightbox, Dunzo has become a popular app in urban India.
47. Rapido
Rapido, founded in 2015 by Aravind Sanka, Pavan Guntupalli, and Rishikesh SR, is a bike taxi and delivery platform. It offers affordable and quick rides in urban areas. With over $300 million in funding from investors like Swiggy and WestBridge Capital, Rapido has expanded to multiple cities.
Join the StartupLanes Community
StartupLanes is more than just an investment network; it’s a complete ecosystem for startups. With a presence in 56 cities across 15 countries, StartupLanes connects startups with investors, mentors, and industry experts. Whether you’re a startup looking to raise funds or an investor seeking high-potential opportunities, StartupLanes is your one-stop destination.
🔗 Join the StartupLanes WhatsApp Group: StartupLanes WhatsApp Group for Business
🔗 Explore the StartupLanes Portfolio: StartupLanes Portfolio
Conclusion
Mumbai Angel Network by StartupLanes is a driving force behind India’s startup ecosystem. With ₹385 crores invested in 135 startups, the network has demonstrated its commitment to fostering innovation and supporting entrepreneurs. Whether you’re a startup with a groundbreaking idea or an investor looking for high-potential opportunities, Mumbai Angel Network by StartupLanes is your gateway to success.
Join the growing community of startups and investors in Mumbai, and take the first step towards building the next big thing in the Indian startup ecosystem. 🚀