Mumbai Angels’ annual report reflects sustained growth with an average deal size of INR 1.2 Cr
The platform invested over INR 80 Cr through 66 deals during the financial year
Mumbai Angels, India’s leading private investment platform, has released its annual report for FY23, which reflects impressive numbers on all fronts, including investments, the number of deals evaluated, the average deal size, the total amount invested during the year, exits, and more. The platform invested over INR 80 Cr through 66 deals, with the average deal size being INR 1.2 Cr.
Building on its success so far, Mumbai Angels has evaluated 6000+ deals, with 160+ deals showcased during FY23. The platform has also made 6 exits and had 40+ startups raise additional rounds of funding, totaling up to over INR 550 Cr. Having a network of more than 720+ investors across 20+ countries and 60+ cities, Mumbai Angels has clocked an AUM (Assets Under Management) of $130 million in FY23. The platform’s annual report also showed that it has a 36% IRR (Internal Rate of Return) and 50+ investors for its Multiplier program, a specialized marketplace exclusive to its portfolio companies.
Further, Mumbai Angels’ number of investors rose from over 450 to 720+ in FY23, with 82% of the investors from India and 18% being international investors. The platform also invested majorly in the education (15.2%), F&B (12%), technology (10.6%), consumer (9.1%), and finance (9.1%) sectors. Apart from this, 7.6% of Mumbai Angels’ investments in FY23 went to the EV industry, while 6.1% each was dedicated to marketplaces and content, and 4.5% each went to the Logistics, Legal, and HR segments.
Ms. Nandini Mansinghka, CEO of Mumbai Angels, said, “The past year has been one of the most significant for Mumbai Angels. We became a part of 360 ONE, one ofIndia’s leading Wealth and alternates-focused Assetmanagers with an AUM of over USD 40 billion+. We also launched two new funds that can turn out to be game changers in this space. While these transformational events were taking place, our performance for FY23 remained consistent with steady growth on all fronts. As a leader in the private investment segment, we will continue to remain committed to nurturing high-potential startups while fulfilling our responsibility to stakeholders, including investors, entrepreneurs, and co-partners. We look forward to continuing our momentum and furthering our growth in the coming months/years.”
About Mumbai Angels
Mumbai Angels, India’s premier platform for private investment that is now a part of 360 ONE (earlier known as IIFL Wealth & Asset Management), one of the leading wealth and alternates- focused asset firms in India,hold an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, such as Technology, Consumer, Life Sciences, DefenseTech, SpaceTech, EV, AgriTech, FinTech, EdTech, Gaming, and Content, etc. Of the overall portfolio, the platform has exited/secured the next round of funding for 100+ of them. The platform has 750+ investors spread across 70+ Global and Indian cities.
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