What Angelbay does

Angelbay is an India-based private co-investment platform that connects a curated network of 200+ angel investors — primarily senior executives from banking, technology, corporate, and startup backgrounds — with early-stage startups seeking seed to pre-Series A funding. Founded in 2013 and headquartered in Gurgaon, AngelBay operates a referral-only investor onboarding model, where new investors are admitted exclusively through existing members, and engages sector-agnostically across fintech, shared economy, travel, media and entertainment, consumer, and deep tech, with exposure to both Indian and international companies. The platform has built a portfolio of 100+ startups with a combined valuation of $4.8B+, 88 up-rounds, and 12 exits, and it offers secondary liquidity to non-strategic shareholders through its stake in Kaptable.

AngelBay generates returns primarily through co-investment in portfolio startups and carried interest from exits, supported by a network of 250+ VC/PE firms and angel networks that facilitate follow-on funding rounds. Its core product surface includes the AngelBay investor portal (deal submissions, live deal tracking, portfolio management) and the AngelBay.Wealth sub-brand, which extends the platform into listed and unlisted asset classes — mutual funds, private bonds, alternative assets (VC/PE funds, structured debt, international structured bonds, hedge funds), insurance, and pre-IPO unlisted companies. There is no proprietary AI/ML technology underlying the platform; investment decisions and screening rely on human judgment, ESG criteria, and network-driven deal sourcing. The company is led by three co-founders — Sorabh Agarwal, Piush Goyal, and Shweta Agarwal — with backgrounds spanning bulge-bracket financial research, global IT delivery, and investment banking, and operates with a small (1-10) internal team.

Name

Angelbay

Legal name

AngelBay

Website

https://angelbay.in

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Angelbay is an India-based private co-investment platform that connects a referral-only network of 200+ senior-executive angel investors with early-stage startups from seed to pre-Series A, supported by 250+ VC/PE partners and a secondary market stake in Kaptable.

Ownership category

akta.pro rank

Product category

Angel Investing / Private Co-Investment Platform

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

akta.pro secondary industry

Independent Venture Debt Funds / Platforms (FSANAIAB)

Keywords

• Angel investing platform
• Startup co-investment
• Private wealth management
• Seed stage funding
• Angel investor network

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Co-investment fees and carried interest: AngelBay earns returns through co-investment in portfolio startups, providing preferential investment to top-performing startups through its accelerator fund. Returns are generated from equity appreciation, exits, and up-rounds across its 100+ startup portfolio.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

AngelBay is a private co-investment platform that connects 200+ angel investors (senior executives from banking, technology, corporate and startup backgrounds) with early-stage startups, facilitating investments from seed round through pre-Series A. The platform also provides exits for non-strategic shareholders at discounted valuations and extends a wealth management offering (AngelBay.Wealth) covering mutual funds, private bonds, alternate assets, insurance, and unlisted equities.

Product overview

AngelBay operates as a dual-product platform consisting of AngelBay (core investment platform) and AngelBay.Wealth (wealth management platform). AngelBay is a private co-investment platform simplifying startup investments, connecting angel investors with early-stage companies from seed to pre-series A stages. The platform offers features including deal submission, live deal tracking, investor portfolio management, and secondary share trading through partner Kaptable. AngelBay.Wealth extends the offering to include traditional and alternative investment products such as mutual funds, private bonds, insurance, and unlisted securities.

Differentiator

Problem solved

Functional benefit

Brands

• AngelBay.Wealth: Provides access to selected investment opportunities for listed and unlisted asset classes including mutual funds, private bonds, alternate assets, insurance, and unlisted companies expected to list soon.

Products and services

• AngelBay Co-Investment Platform
• AngelBay.Wealth

Quantifiable outcome

• 100+ startups invested, $4.8 bn+ combined portfolio valuation, 88 up-rounds, 12 exits

Named customers14 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor.

• VenturEduminorStrategic or Co-development Partner · 5 February 2026AngelBay Co-founder Sorabh Agarwal is among 55+ mentors at VenturEdu, a residential venture-building school. VenturEdu follows a co-building model covering idea validation, product-market fit, team building, go-to-market planning and fundraising.
• Fibonacci GlobalminorStrategic or Co-development PartnerListed as both an Acceleration Partner and Research Partner. Fibonacci is a competitive strategy consulting firm specializing in analyzing marketplaces, and provides market and financial research.
• Phronesis PartnersminorStrategic or Co-development PartnerListed as a Research Partner. Phronesis Partners is a provider of outsourced market, business and financial research.
• AuroneminorStrategic or Co-development PartnerListed as an Acceleration Partner. Aurone is an incubator and accelerator for conscious startups.
• PedalStartminorStrategic or Co-development PartnerListed as an Acceleration Partner. PedalStart is a startup studio for passionate founders to enable them with the startup ecosystem. AngelBay invested in PedalStart in April 2022.
• Fig-FaxminorStrategic or Co-development PartnerListed as an Acceleration Partner. Fig-Fax is a food focused tech investment platform for food enthusiasts and investors.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• LetsVenture: India's largest online angel investing platform, enabling curated startup deal flow, syndication, and investor portfolios for early-stage companies. Closest direct competitor to AngelBay's core platform given overlapping India focus, community-led model, and seed-to-pre-Series A investment stage.
• Indian Angel Network (IAN): One of India's oldest and largest angel networks, with 500+ investors backing early-stage startups across sectors. Directly comparable to AngelBay in target customers (senior angel investors) and stage (seed/pre-Series A), with a longer track record and broader LP base.
• ah! Ventures: Indian angel platform aggregating multiple angel networks and HNI investors to co-invest in early-stage startups. Competes with AngelBay for both startup deal flow and angel LPs, and has co-invested alongside AngelBay in deals such as Nutrizoe.
• AngelList India: India arm of AngelList, providing online rolling funds, syndicates, and job-to-investor pipelines for early-stage startups. Direct peer given overlapping tech-enabled syndication model and India-focused early-stage thesis.
• The Chennai Angels: One of India's largest angel networks, with a sector-agnostic thesis and strong focus on seed/early-stage deals, often co-investing with other networks. Comparable to AngelBay in investor persona (senior executives), stage focus, and community-driven deal sourcing.
• Mumbai Angels: Established Indian angel network investing in seed and pre-Series A startups across consumer, tech, and healthcare. Directly comparable in stage, geography, and investor profile, though typically more focused on Mumbai-based founders.
• FAAD Network: SEBI-registered AIF-backed angel network facilitating early-stage fund-raising; already listed as an AngelBay investment partner. Closely comparable as an Indian angel network with both platform and AIF capabilities.

Emerging players

• 9Unicorns: India-based accelerator and fund backing early-stage startups, also listed as an AngelBay.Wealth partner. Comparable as an emerging India-focused early-stage capital provider, though with a more accelerator-style model.
• Kaptable: India's organized secondary market for startup shares in which AngelBay holds a significant stake. Adjacent peer because it provides secondary liquidity that AngelBay monetizes, rather than competing on primary deal flow.

Broad incumbents

• Keiretsu Forum: Global network of angel investor chapters with 3,000+ accredited members across multiple geographies, including India. Broad incumbent peer given global scale and chapter-based co-investment model, but lacks AngelBay's tight referral-only curation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks1 record

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments79 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Angelbay