Mumbai Angels

Mumbai Angels, established in November 2006, is a venture capital investment firm based in Mumbai, India, dedicated to supporting early-stage companies. It serves as a platform for members, many of whom have experience in Silicon Valley, to interact and share knowledge while connecting with entrepreneurs seeking funding. The organization focuses on a diverse array of sectors, including IT, retail, biotechnology, media, and telecommunications. Members typically invest between $200,000 and $1,000,000, with a commitment to remain invested for three to five years, aiming for exits through public offerings, trade sales, or mergers. In addition to financial backing, Mumbai Angels offers access to mentoring and extensive networks, enhancing the strategic and operational capabilities of the startups it supports.

Neha Aggarwal

Vice President, Investments

Veena Avadhanam

Director - New Investments

Rishi Bali

CEO

Shivangi Bubna

Executive Vice President, Investments

Prashant Choksey

Co-Founder

Nirav Choksi

Partner

Vishwamitra Hariharan

Partner

Priyanka Joshi

Vice President

Kapil Kotnala

Vice President, Investments

Nandini Mansinghka

CEO and Managing Director

Prerna Nathani

Senior Associate, Investments

Roshan Talera

Angel Investor

Past deals in Beverages

WickedGüd

Seed Round in 2022
WickedGüd focuses on transforming the consumption of comfort foods by offering healthier alternatives to traditional junk food. The company produces a range of food products, including pasta that is both delicious and guilt-free. By incorporating indigenous, high-nutrition ingredients, WickedGüd aims to provide options that are rich in essential vitamins, minerals, protein, and fiber. This approach enables consumers to enjoy flavorful meals without compromising on health, effectively bridging the gap between indulgent snacks and bland healthy options.

Eat Better

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. is a sustainable packaging company based in Bengaluru, India, founded in 2018. The company specializes in manufacturing biodegradable products, including straws and packaging made from bamboo, sugarcane, and seaweed. Bambrew aims to provide eco-friendly alternatives to single-use plastics across various sectors, such as e-commerce, food service, and fast-moving consumer goods. Its product range includes biodegradable straws, takeaway containers, and retail packaging solutions. In addition to its manufacturing efforts, Bambrew promotes social responsibility by involving women and rural workers in the production process, thereby creating employment opportunities and fostering self-dependence within these communities. The company also operates an online portal for selling its straws, serving a diverse clientele that includes restaurants, bars, hotels, and the food packaging industry.

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.

BRB

Seed Round in 2020
BRB is a food manufacturing company specializing in innovative snack products, particularly its Popped Chips. These chips are designed to provide a healthier alternative to traditional snacks, as they are neither baked nor fried, utilizing a unique popped technology that results in a light, crunchy texture. BRB focuses on creating gluten-free, oil-free snacks that are less greasy, making them suitable for on-the-go consumption and smartphone-friendly. The company aims to offer consumers a fun and exciting snacking experience with its flavorful and quirky chip varieties.

Nutrisattva (Proliva)

Angel Round in 2018
Nutrisattva is a protein innovation company focused on developing natural protein nutrition for individuals across age groups, nutritional needs, and lifestyles. Founded on the belief that the strains of urban living requires a natural, informed and convenience-based approach to good health, Nutrisattva develops products built on the knowledge of nutrition science, fitness and Ayurveda.Proliva offers natural protein nutrition for people across all age groups and lifestyles. Packed with high-quality natural protein from sources such as whey, milk and soy, and fortified with superfoods, botanical elements and Ayurvedic ingredients; Proliva offers complete and balanced nutrition to keep you healthy, active and fit, no matter what your lifestyle

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.

Snackible

Seed Round in 2018
Snackible is a health-food production company focused on creating a variety of healthy snack options available through both online and offline channels. The company offers snacks that cater to diverse dietary needs and preferences, including categories such as sweet, savory, low-calorie, high-fiber, high-protein, gluten-free, and lactose-free. Snackible aims to provide consumers with convenient access to nutritious snacking choices delivered directly to their homes.

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.

Frubites

Seed Round in 2018
Producer of fruit snacks intended to encourage healthy snacking and reduce food wastage. The company's platform offers ready-to-eat snacks produced using freeze-drying technology that retains the flavor and nutrients of the fruit, enabling customers to have freeze-dried fruit with no preservatives, no color, or artificial flavor.

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

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 Dairy Pvt. Ltd. is a dairy company based in Bhubaneswar, India, founded in 2009. It specializes in processing, packaging, and distributing a variety of dairy products under the Milky Moo and MooShake brands. Milky Moo offers a range of products including pure milk, probiotic dahi, pouch dahi, paneer, lassi, and buttermilk, while MooShake features flavored milkshakes such as nutty badam, peachy strawberry, slurpy mango, chocolate, and vanilla. The company works directly with farmers to procure milk, ensuring quality through rigorous testing and processing. Milk Mantra distributes its products through over 10,000 local stores across Odisha and provides direct home delivery services. The company is committed to promoting dairy development in Odisha and neighboring states, emphasizing healthy and sustainable dairy consumption.
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