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 FMCG

Sugar Watchers

Seed Round in 2023
Sugar Watchers is a manufacturer of low glycemic index foods, addressing the growing concern of diabetes among individuals. The company produces fast-moving consumer goods that promote better health by helping consumers manage their blood sugar levels, reduce bad cholesterol, and support weight management. By focusing on these health benefits, Sugar Watchers aims to provide effective solutions for those looking to improve their overall well-being and mitigate the risks associated with diabetes and insulin resistance.
Celcius Logistics Solutions operates as a cold-chain marketplace startup.

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.

Jade Forest

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

Celcius Logistics Solutions

Seed Round in 2021
Celcius Logistics Solutions operates as a cold-chain marketplace startup.

Zippee

Pre Seed Round in 2021
Armed with a ring-side view & passion to help shape the future of an industry largely characterized as unprofitable, cut-throat, & stagnant- we started ZFW as a traditional cloud kitchen which later evolved to India’s 1st cloud kitchen platform in 2020. Our capital-light approach helps brands & restaurants expand to newer markets without any upfront investment & overheads, saving you the headache of setting up shop & running it. A newly signed ZFW partner brand can scale up to our 25+ locations in less than 25 days while servicing a happy customer in 25 minutes. ZFW through its platform has served over 500,000+ happy customers. Want to stay ahead of the curve & learn more about how we can scale you? Reach out & say hi today.

Zippee

Pre Seed Round in 2021
Armed with a ring-side view & passion to help shape the future of an industry largely characterized as unprofitable, cut-throat, & stagnant- we started ZFW as a traditional cloud kitchen which later evolved to India’s 1st cloud kitchen platform in 2020. Our capital-light approach helps brands & restaurants expand to newer markets without any upfront investment & overheads, saving you the headache of setting up shop & running it. A newly signed ZFW partner brand can scale up to our 25+ locations in less than 25 days while servicing a happy customer in 25 minutes. ZFW through its platform has served over 500,000+ happy customers. Want to stay ahead of the curve & learn more about how we can scale you? Reach out & say hi today.

Agro2o

Pre Seed Round in 2020
Concinnity Agro2o Private Limited, an agri-tech company, offers an intelligent and advanced indoor hydroponics system, which automates the process of growing fresh herbs, veggies, medicinal plants and flowers. Its product line includes Agro2o and Smart Garden, which allows for intelligent nutrient infusion, water refill reminders, and comes with features such as automated lighting and water and air quality detectors; and Renaissance Smart Garden, which comes with 12 pods and Savor Smart Garden that comes with 5 pods, which allows users to grow plant up to 12 and 5 plants respectively. The company was incorporated in 2018 and is based in Udaipur, India.

Aker Foods

Seed Round in 2020
Aker Foods is a platform to procure the best food ingredients for your business.

Efarm Exchange

Venture Round in 2019
Efarm Exchange provides an agricultural supply chain platform aimed at connecting farmers with end markets in India. The company addresses the needs of various stakeholders in the agri supply chain, including farmers, transporters, intermediaries, and consumers. Its solutions focus on creating a data-driven infrastructure for gathering, analyzing, and monitoring operations. Efarm Exchange establishes low-cost collection centers near villages for organized collection and grading, and sets up distribution centers in metropolitan areas for efficient delivery to customers. The company trains intermediaries in handling perishables to minimize transit wastage and maps demand and supply for timely distribution. Operating primarily in the B2B segment, Efarm Exchange serves bulk consumers such as hotels, caterers, retail chains, food processing industries, and vegetable vendors, while also operating a retail outlet for the Indian army. Its product offerings include fruits, vegetables, exotic plants, organic produce, and consulting services in farm management and IT implementation. Founded in 2007 and based in Chennai, India, Efarm Exchange was formerly known as Matchbox Solutions Private Limited.

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.

Gingercrush

Seed Round in 2016
At Gingercrush, They offer you an innovative on demand retail platform where you can instantly shop, create or customize products to fit your personal style and taste. They bring your inborn originality to life, with Their huge range of products that express you in your own unique way. They are a team of makers, thinkers, explorers and creators. For us it started with an impossible idea, an insightful observation and a surprising business opportunity. Gingercrush is a work in progress. They will keep adding new designs, brands and products to make your shopping experience a memorable one!

frsh

Seed Round in 2015
FRSH is an on-demand meal delivery service that focuses on providing fresh and healthy food options to consumers. The company operates through a user-friendly online platform, allowing customers to place orders quickly and conveniently. FRSH offers a diverse menu that includes sandwiches, salads, and beverages, promoting a healthier alternative to traditional fast food. Deliveries are scheduled in 45 to 60-minute intervals, ensuring timely service to meet customer needs. By prioritizing fresh ingredients and a flexible ordering system, FRSH aims to make nutritious meals easily accessible to a wide audience.

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.