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Kunal Shah gets the top angel investor title in 2022 with 54 deals

ISN Webteam
31 Dec 2022
Kunal Shah gets the top angel investor title in 2022 with 54 deals

According to startup and private deal intelligence platform Tracxn, Kunal Shah, founder of fintech unicorn Cred, earned the title of India's most active angel investor with 54 investments this year.

This has been followed by boAt's co-founder Aman Gupta, who made 34 deals and Anupam Mittal, founder of Mumbai-based People Group, who made 32 investments this year. Peyush Bansal, the co-founder of Lenskart, and Hemant Gupta took the fourth and fifth spots, respectively.

However, Kunal Shah seemed to be lowering his investment activity in contrast to the previous year, where he contributed to 108 deals, according to Tracxn.

Kredmint, Varaha, Virgio, Flash, Even, Supertails, Growth School, and Allo Health are some of Shah's portfolio startups.

Notably, Kunal has been appearing on the list of top five angels (by volumes) for the last three years. In 2020, He was the third most active angel investor after Kunal Bahl, Rohit Bahl, and Ramakant Sharma.

To be sure, the Tracxn data is based on the number of deals and does not track angels based on the amount invested. Also, investors who have set up their family offices, or invest through seed or venture capital funds, as well as angel investment networks, do not feature in the dataset, which lists only individual angel investments.

Peyush Bansal, Hemant Gupta, and Aman Gupta are the new addition to Tracxn's most active angel investors list of 2022.

Talking about Aman Gupta's investments, Gupta has so far invested in several startups, including The Renal Project, WickedGud, 10Club, Bummer, others.

Between 2017 and 2022, the top-listers have been replaced by new and more active angels. Founder of Quatrro Global Services, Raman Roy, was the top active angel for three years in a row during 2017-2019. Rajan Anandan, managing director, Sequoia Capital, held the second position in 2017 and 2018.

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