28 Most Active Angel Investors for Indian D2C Startups 2024

The D2C market in India has seen new brands mushrooming across the country, serving different industries, right from health and wellness, to food and beverage, to clothing and fashion. What keeps these D2C startups afloat is the generous funding from investors willing to take an absolute risk based on their brand vision. Among these are angel investors credited for supporting a startup from its earliest stages. Angel investors are wealthy individuals, often entrepreneurs or people with extensive experience in the startup world, who invest in startups in exchange for a brand’s equity. However, to find the right angel investor for a business, one must work their socks off and hunt high and low. 

Being India’s largest growth capital provider, Velocity offers founder-friendly revenue-based business loans to growing DTC businesses. If you are a D2C brand looking for funding to manage your inventory and marketing needs, apply here, and get funded within 7 days.

We understand it can seem daunting. We are here to help. In this blog post, we talk about the 25 most active angel investors for Indian D2C startups. Don’t forget to bookmark this page! You can also learn more about angel investing in our blog post – Who Is an Angel Investor and How Does Angel Investing Work?

Top 25 Angel Investors for Indian D2C Startups

1. Kunal Shah

Kunal Shah is an accomplished entrepreneur and investor who founded the popular credit card bill payment platform CRED, which rewards members for financial responsibility. Previously, he launched the digital payments company FreeCharge. Shah’s expertise is highly sought after, leading him to take advisory roles at prestigious firms like Y Combinator and Sequoia Capital to guide emerging startups. Despite dropping out of his MBA program at Narsee Monjee Institute of Management Studies in Mumbai, Shah’s philosophical training from his bachelor’s degree at Wilson College has shaped his innovative thinking and vision as a business leader in the Indian tech industry.

Notable Investments- Shiprocket, Razorpay

Get in touch- Kunal Shah

2. Anupam Mittal

Anupam Mittal is a multifaceted personality who has made a mark in diverse fields. He is the founder of Shaadi.com, a pioneering matrimonial website that revolutionized the way people find life partners in India. Mittal’s entrepreneurial spirit and business acumen have earned him widespread recognition, culminating in his recent appearance as a shark investor on the popular reality show Shark Tank India. Beyond his entrepreneurial ventures, Mittal has also explored his creative side as a former actor, adding depth to his public persona. With a keen eye for identifying promising business opportunities and a knack for mentoring aspiring entrepreneurs, Mittal has emerged as a influential figure in the Indian startup ecosystem and a sought-after angel investor.

Notable Investments- Rapido, BigBasket

Get in touch- Anupam Mittal

3. Binny Bansal

Binny Bansal is a successful Indian businessman who co-founded the company Flipkart, which began as an online bookstore but grew into a massive e-commerce giant selling all kinds of products like electronics, jewelry, and appliances. His vision and leadership in transforming Flipkart made Binny and his co-founder immensely wealthy, being named among the 86 richest people in India by Forbes in 2015 with a combined net worth of $1.3 billion. After his incredible success with Flipkart, Binny started another technology company called xto10x Technologies where he is now the co-founder and executive chairman. He also provides guidance to organizations in India that support startups and entrepreneurs. Binny Bansal went from running a small online bookseller to becoming a billionaire business leader through his entrepreneurial skills and strategic thinking.

Notable Investments- Curefoods, Acko, and Virgio

Get in touch- Binny Bansal

4. Kunal Bahl

Kunal Bahl is a very successful Indian entrepreneur best known as the co-founder and CEO of Snapdeal, one of the online marketplaces in the country. He didn’t just start Snapdeal though – Bahl has been involved in launching several other companies and organizations too. He co-founded Titan Capital and Ace Vector, and is an independent director at Piramal Enterprises Limited. Bahl shares his business expertise with major industry groups, having served on boards like the Indian Council for Research on International Economic Relations, NASSCOM’s executive council, and as chairman of the e-commerce committee at the Confederation of Indian Industry (CII). With his entrepreneurial vision and leadership across multiple ventures, Kunal Bahl has played a key role in building India’s booming e-commerce industry from the ground up.

Notable Investments- Ola and Mamaearth

Get in touch- Kunal Bahl

5. Vijay Shekhar Sharma

Vijay Shekhar Sharma is a self-made Indian billionaire businessman and the founder of the financial technology giant Paytm. Within a short span, he deftly steered Paytm’s parent company One97 Communications to transform it into India’s leading mobile-first financial services conglomerate. Forbes estimates Mr. Sharma’s current net worth at an impressive $1.1 billion as of September 2022, owing to his entrepreneurial vision and Paytm’s remarkable growth. Additionally, he provides mentorship and funding to budding startups as an active angel investor. Mr. Sharma’s journey from modest beginnings to building a business empire exemplifies how innovative ideas combined with perseverance can pave the way for substantial success.

Notable Investments- NoBroker, Treebo

Get in touch- Vijay Shekar Sharma

6.Aditya Burman

Aditya Burman is the Director at Dabur India Ltd, an Indian multinational consumer goods company. He is also a Director on the board of Oncquest Laboratories Ltd., a Clinical Pathology and Molecular Diagnostics company focusing on Oncology and Genetics. He also serves on the board of Dabur Nepal Pvt Ltd, besides being the President of the Delhi Chapter of Entrepreneurs’ Organization, a global network exclusively for entrepreneurs. He is often credited for changing a loss-making diagnostic business (Dabur Pharma) into a Rs 100-crore entity.
Notable D2C investment: Furlenco
Get in touch: Aditya Burman

7. Anand Chandrasekaran

Named Fortune’s 40 under 40, Anand Chandrasekaran is a partner at General Catalyst. He has been a changemaker in various businesses, including Facebook, Snapdeal, Airtel, and more. He is a Charter Member of TiE Silicon Valley. In 2010, Anand was named Young Global Leader by the World Economic Forum. Anand has been an angel investor in 80+ companies.
Notable D2C investments: Baby Chakra, Sattviko
Get in touch: Anand Chandrasekaran

8. Aniketh Jain

As the ex-CEO of Solutions Infini, Aniketh Jain has constantly been focusing on creating an easy-to-use, multi-channel Cloud communication platform for clients to bridge the gap in communications. Aniketh has also been the Chief Revenue Officer in Kaleyra, a global Communications Platform as a Service company. His strengths as a leader are Business Process Automation, Product management, and Sound strategy with execution. His prominent investment areas include Consumer Products and Services, Health-Tech, Hyperlocal and Logistics, and Industrial and Business Products and Services.

Notable D2C investment: Supply6
Get in touch: Aniketh Jain
Bonus: Here’s a recent LinkedIn post we loved: Link

10. Dharmesh Dalal

Dharmesh Dalal is Partner at Inga Ventures, Head of Strategy Business Development at Antique Stock Broking Limited, Associate  Director at HSBC, and Associate Director at Indo Suez W I Carr Securities India Private Limited. He is also a CA with over 25 years of rich and varied experience in heading & managing an Institutional broking team.
Notable D2C investment: MALAKI
Get in touch: Dharmesh Dalal

11. Dhianu Das

Dhianu Das is a prominent business leader, serial entrepreneur, and investor with a mission to empower entrepreneurs & start-ups with investment, mentoring, and capacity-building to enable fast business development. With extensive investment, operation, strategy & development experience, he has mentored many startups into successful businesses. He has effectively led major business turnarounds and set up new businesses across India.
Notable D2C investment: Power Gummies
Get in touch: Dhianu Das

12. Harsh Shah

Harsh Shah is the Co-Founder and also serves as a Board Member at Fynd (Online Fashion Marketplace). He also serves as a Venture Partner at First Cheque. He also Co-Founded Nova Global. Harsh looked after monitoring Caspian’s debt portfolio and supported the investment team on the financial analysis of investment opportunities. Prior to Caspian, Harsh worked as a Financial Analyst at S&P Global Market Intelligence, where he was responsible for financial analysis of major European Banks.
Notable D2C investment: Disrupt Brand
Get in touch: Harsh Shah

13. Hemant Dua

Hemant Dua is Co-Founder & Chief Growth Officer at Do Your Thng, Promoter Consultant at Inspiranti Sports, and CEO- Delhi Daredevils(IPL); U.PYoddha(PKL); Dilli Veer(PWL); Jo’Burg Giants(GLT20) at GMR Sports Private Limited, and Director – Asia at Octagon. Over the last 25 years, he has managed and grown businesses, curated brands, executed mega events/sporting properties, managed sports franchises, incubated ideas, delivered ROI on sponsorships, and mentored young players into champions.
Notable D2C investment: Soxytoes
Get in touch: Hemant Dua

14. Mitesh Shah

A finance & strategy expert with 15+ years of experience in startups & angel investment, Mitesh Shah spearheaded the finance department at BookMyShow. He played a pivotal role in the evolution of one of the biggest start-ups in India- OLA. He also led the IPO of Mandhana Industries and its exclusive global licensing deal with Salman Khan’s Being Human brand. He is currently a partner at Physis Capital and co-founder at Inflection Point Ventures.
Notable D2C investment: Pee Safe, IGP.com
Get in touch: Mitesh Shah

15. Mohandas Pai

Mohandas Pai is a Padma Shri Awardee and former CFO and Board Member at Infosys. He is also the co-founder of Akshaya Patra, the world’s largest midday meal program, and works actively with government and regulators on policy recommendations and guidelines. Mohan has served as the Chairman of the Board of SEBI, and is now a Board Member of the National Stock Exchange in India. He has emerged as one of India’s most prolific angel investors.
Notable D2C investment: Licious
Get in touch: Mohandas Pai

16. Rahul Maroli

Rahul Maroli is a thought leader with demonstrated ability in strategic planning, P&L management, driving shareholder returns and building businesses for sustained profit, growth, and scale. As a business leader for over 18+ years, Rahul has been steering market-leading companies in the media & entertainment, mobility, e-commerce, consumer & start-up industries. He is currently the CEO of Genius Inside.
Notable D2C investment: Pee Safe
Get in touch: Rahul Maroli

17. Rajan Anandan

Rajan Anandan is Managing Director at Sequoia Capital, Vice President India and SEA at Google and Managing Director, Microsoft India at Microsoft. As part of the leadership team at Sequoia Capital India, Rajan focuses on developing its early-stage program Surge, into the world’s top scale-up program for startups by acting as an investment advisor and mentor to the program’s founders.
Notable D2C investment: Smytten, Belora Cosmetics
Get in touch: Rajan Anandan

18. Ramakant Sharma

Ramakant Sharma is Founder and COO at Livspace, Operating Partner at Jungle Ventures, and Co-Founder at Violetbag.com at Zing Ecommerce Pvt. Ltd ( Violetbag.com). Ramakant plays a central role in driving all technological innovations that form the backbone of Livspace while also leading the operations team. Before building Livspace, Ramakant was a core team member and Vice President of Engineering at Myntra, a leading fashion eCommerce startup in India.
Notable D2C investments: Bare Anatomy, The Souled Store, Toothsi
Get in touch: Ramakant Sharma

19. Raveen Sastry

Raveen Sastry is the Founding Partner at Multiply Ventures. Before this, he worked as a Strategic Advisor at Zeta Global and co-founded  NudgeSpot – a technology company that builds in-app messenger, browser, and mobile push and email messages that support businesses in communicating with their customers. Before Nudgespot, he co-founded hoopos.com and served the same company as the head of products and marketing.
Notable D2C investment: Rapawalk
Get in touch: Raveen Sastry

20. Rohan Malhotra

Rohan Malhotra is the Founding Partner at Good Capital, an India- focused $25MN pre-seed to Series A fund. He is also a co-founder and partner at Investopad. Rohan’s investment majorly focuses on Fintech and e-commerce startups.
Notable D2C investment: Meesho
Get in touch: Rohan Malhotra

21. Sakshi Chopra

Sakshi Chopra is a Principal with Sequoia Capital India. Prior to Sequoia Capital, Sakshi worked at Deutsche Bank in India and Germany with Global Transaction Banking focusing on Mid Cap clients and as Executive Assistant to Member of the Management Board and Head of Private and Business Clients, Deutsche Bank Group. Earlier, Sakshi worked with McCann-Erickson and Mudra Communications.
Notable D2C investment: Purplle
Get in touch: Sakshi Chopra

22. Samrath Bedi

Samrath Bedi is the Executive Director of the niche Ayurveda luxury skincare products company, Forest Essentials. In his earlier stints, he worked with Dean Witter Morgan Stanley on a short assignment and then at the Standard Chartered Bank in New York. He returned to India in November 2000 and is associated with Forest Essentials since then.
Notable D2C investment: My Carmesi, Slurrp Farm
Get in touch: Samrath Bedi

23. Sanjay Mehta

As a private investor, Sanjay Mehta has invested in over 150 global start-ups and has seen as many as four of his investments turn unicorns. Currently, he has angel invested in 103 start-ups in diverse sectors. He is also an active member of the Indian Angel Network, Mumbai Angels, B2B 1K Ventures, CIO Angel Network, and Venture Nursery. He is also the founder of 100X.VC.
Notable D2C investment: Sirona Hygiene
Get in touch: Sanjay Mehta
Bonus: https://twitter.com/mehtasanjay/status/1538100294902743040

24. Shaival Desai

Shaival Desai works as the Vice Presidentof Advanced Products and Marketing at PetPooja, a restaurant management software company in India. Previously, Shaival worked as the CEO at Fresco Farms. He is currently working on using growth techniques to increase merchant acquisition at Petpooja.
Notable D2C investment: Pee Safe, Licious
Get in touch: Shaival Desai

25. Sunil Kalra

Sunil Kalra is a Board Member of Innoveda Biological Solutions. He is also a Board Member of Powermat. Sunil has invested in over 70 companies globally over the past 8 years as an independent Angel Investor, working closely with teams to create a strategy, set goals, and build networks. Between 2003 and 2013, he was an active member of the team that set up the University of Petroleum and Energy Studies in Bidholi, Dehradun district, India, serving both on the Board of Governors and the Board of Finance. Prior to that, for over ten years, he was Managing Director of BSLG, New Delhi, a manufacturer and exporter of leather apparel, and has worked with some of the biggest brands in the world.
Notable D2C investment: My Carmesi
Get in touch: Sunil Kalra

26. Varun Alagh

Varun Alagh is an Indian entrepreneur. He is the founder, chief dad, and get stuff done officer of Honasa Consumer Pvt. Ltd., a company that owns internet-first personal care brand Mamaearth. Prior to that, Varun has been a part of brands like Coca-cola, Diageo PLC, Unilever, etc. As s student, he had a chance to work with companies like Colgate Palmolive, Havells Electric, Madura Garments, Maruti & Nokia under internships & live projects.
Notable D2C investment: The Sleep Company
Get in touch: Varun Alagh
Bonus: Varun shares his thoughts on startup funding. Read here. 

27. Vikas Bagaria

Vikas Bagaria is a serial entrepreneur and a seasoned businessman with more than 23 years of experience in setting up and successfully running businesses from scratch. Vikas and his wife Srijana founded PeeSafe – the world’s fastest-growing personal hygiene brand, in 2013. Additionally, he helps Indian Defence, Aerospace, Power Transformer, and Energy companies with Conditional based monitoring systems. He also founded businesses like Forklift, SRV, SafetyKart, and more.
Notable D2C investment: Soxytoes
Get in touch: Vikas Bagaria

28. Vinay Bansal

Finance professional with 20+ years of global experience in Fortune 50 companies, startups, and private equity, Vinay began his career in HUL and subsequently climbed up the ladder to play a paramount role in leading one of the largest finance teams in GE India. He also has hands-on experience in startups, having worked in wildcraft, wherein he played a pivotal role in mentoring the team and turning it into a profitable venture. He is currently the CEO at Inflection Point Ventures.
Notable D2C investment: Rapawalk
Get in touch: Vinay Bansal

About Velocity

Finding the right partner to fund your startup is tricky. If you are looking for a flexible, highly scalable, 100% digital process of raising funds, we recommend cash-flow based financing. This founder-friendly approach lets founders raise funds without diluting equity or providing collateral, and the repayments happen as a percentage of monthly revenue.