Mumbai Angels

Mumbai Angels, established in November 2006, serves as a platform for early-stage companies to connect with potential investors, including successful entrepreneurs and professionals with significant funds. The organization facilitates interactions that foster the exchange of ideas and knowledge, leveraging the extensive experience of its members, many of whom have backgrounds in Silicon Valley. Mumbai Angels focuses on a diverse array of sectors, including IT products and services, biotechnology, retail, and media. Members typically invest between $200,000 to $1,000,000, maintaining their investment for three to five years before considering exits through initial public offerings, trade sales, or mergers. The initiative also provides high-quality mentoring and access to extensive networks both in India and globally, enhancing the strategic and operational capabilities of the startups it supports.

Neha Aggarwal

Growth Capital and Portfolio Management Director

Veena Avadhanam

Director - New Investments

Past deals in Beverages

WickedGud

Seed Round in 2022
WickedGud is to make eating guilt-free, and change the way the world consumes comfort foods for the better by using indigenous, high nutrition ingredients.

The Eat Better Company

Seed Round in 2022
Eat Better Ventures is a direct to consumer brand, which makes healthy organic snacks.

Bambrew

Seed Round in 2022
Bambrew Plant Fiber Technology Pvt Ltd. specializes in manufacturing biodegradable straws and packaging products made from sustainable materials such as bamboo, sugarcane, and seaweed. Founded in 2018 and based in Bengaluru, India, the company aims to provide eco-friendly alternatives to single-use plastics across various sectors, including e-commerce, food packaging, and fast-moving consumer goods. Bambrew's product range includes straws, takeaway containers, stand-up pouches, and retail packaging, all designed to minimize environmental impact. The company also operates an online portal for straw sales and emphasizes social responsibility by involving women and rural workers in its operations, thus promoting employment and self-dependence within these communities.

Barneys

Seed Round in 2021
Barbrew operates as a beverage company. Barneys Hard Seltzer is an alternative drink to beer, wine and cocktails, being produced by Barbrew.

Jade Forest

Seed Round in 2021
Jade Forest offers tonic water and gingerale with low calorie and zero artificial sweeteners.

Svami

Convertible Note in 2020
Svami is the result of three seasoned drinkers extending their love for libations to the larger world of drinks.The three partners ushered in a new era of drinks with the (timely) launch of Svami tonic waters, a fitting response to the gin revival in India and across the globe. In addition to the original tonic, their low sugar, flavoured tonic waters and ginger ale have fast become essential drinking companions for the country.

Fric Bergen

Venture Round in 2018
Fric Bergen is a professionally managed enterprise engaged in manufacturing of processed food products under their own brand name "FRIC BERGEN“. They produce a range of Jams, Ketchups, Sauces, Dips, Mayonnaise & Beverages. Quality, excellence and continuous improvement reflect their core values, and ensure their ongoing success. When it comes to using Fric Bergen Products, you’re only limited by your imagination.

Vahdam

Series B in 2018
Vahdam Teas Private Limited is an online tea brand based in New Delhi, India, that specializes in producing and selling a variety of premium teas, including black, white, green, oolong, chai, signature blends, and organic options. Established in 2015, the company is recognized as one of the world’s first vertically integrated online-first tea brands, focusing on sourcing fresh teas directly from gardens. Vahdam has successfully expanded its reach, shipping products to 76 countries, with the United States, Russia, and Europe being its primary markets. The company aims to establish itself as India’s first home-grown global tea brand by leveraging technology and innovation in its operations.

Vahdam

Series A in 2017
Vahdam Teas Private Limited is an online tea brand based in New Delhi, India, that specializes in producing and selling a variety of premium teas, including black, white, green, oolong, chai, signature blends, and organic options. Established in 2015, the company is recognized as one of the world’s first vertically integrated online-first tea brands, focusing on sourcing fresh teas directly from gardens. Vahdam has successfully expanded its reach, shipping products to 76 countries, with the United States, Russia, and Europe being its primary markets. The company aims to establish itself as India’s first home-grown global tea brand by leveraging technology and innovation in its operations.

The Parfait Co

Seed Round in 2017
The Parfait Co is a Mumbai-based dessert maker and manufacturer. Launched by Sharmeen Indorewala in October 2014, The Parfait Co offers a menu of twelve flavours of French style parfait, a frozen dessert made of whipped cream, eggs, and fruit.

Vahdam

Angel Round in 2017
Vahdam Teas Private Limited is an online tea brand based in New Delhi, India, that specializes in producing and selling a variety of premium teas, including black, white, green, oolong, chai, signature blends, and organic options. Established in 2015, the company is recognized as one of the world’s first vertically integrated online-first tea brands, focusing on sourcing fresh teas directly from gardens. Vahdam has successfully expanded its reach, shipping products to 76 countries, with the United States, Russia, and Europe being its primary markets. The company aims to establish itself as India’s first home-grown global tea brand by leveraging technology and innovation in its operations.

Milk Mantra

Angel Round in 2010
Milk Mantra is a funded agri food and beverage startup with big ideas. Ideas about creating the most healthy dairy products for the customers and reaching this in a first of its kind distribution model. They are an honest effort in making a real sustainable positive impact in Odisha with the big and the small things that they do, and in the process create an enterprise that they are all proud of. Its Milky Moo brand is a growing dairy brand in the country. The Milky Moo range is available across Eastern India.