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The Venture Codex

AngelBay

Flat No.122, Tower-E, Raheja Atlantis Sec-31, 32A, Gurgaon, Haryana, 122002, India

Overview

AngelBay is a private co-investment platform simplifying start up investments. AngelBay has around 200+ angel investors including senior level executives from banking, technology, corporate and start ups. AngelBay invests in companies from the seed round till pre-series A.

Total investments
10
Lead investments
2
Investments · 12mo
0
Active investors
3
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Investment portfolio

  • FinQy

    Led · Equity · Aug 2024

    FINQY provides a partner-facing fintech platform that lets partners distribute and upsell a range of financial products including credit cards, insurance, investments, and loans. The product is designed to improve customer engagement and simplify complex financial decisions for end customers. The startup works with more than 100 financial and banking partners and operates from 30 offices across 24 cities in two nations. In FY24 the company reached a revenue milestone of $9.8 million. The newly raised capital will be used for strategic growth initiatives and technological advancements to improve the distribution of financial services in India. FINQY was founded in 2019 by Manish Aggarwal.

  • Amocare

    Led · Seed · Jul 2024

    Amocare is a premium line of intimate wellness products launched in 2023 by Prabhat Maheshwari. The Gurugram-based brand emphasizes natural, practical, and scientifically developed solutions across personal care, intimate hygiene, and other holistic wellness products. Its portfolio targets lifestyle-related intimacy issues for couples using natural remedies. The company says the funds will be used to grow operations, expand product selection in the intimate market, build a high-trust brand, and raise consumer awareness. Amocare also notes that a strategic investor will support expansion into foreign markets including the UK and Eastern Europe. The company operates in a market alongside players such as The Sangya Project, MyMuse, Bold Care, and Pee Safe.

  • SuperCluster Pi

    Participated · Seed · Jan 2023

    SuperCluster Pi is a D2C House of Brands focused on the proactive wellness sector, founded in 2021 by Vishnu Prasath Devarajan. The company acquires and scales consumer-centric, problem-solving, and socially conscious D2C wellness brands. It has acquired three D2C brands in the past six months and reaches more than 30,000 consumers every month. The team comprises over 100 employees with expertise in digital marketing and brand scaling. SuperCluster Pi plans to target 6–8 additional D2C brand acquisitions over the next 12 months and is aiming for a $20 million annualized GMV run-rate. The startup intends to use capital to expand teams, enhance brand marketing, and accelerate brand growth.

  • TABLT

    Participated · Series A · Feb 2022

    TABLT Pharmacy operates an omnichannel pharmacy business that sells medicines, OTCs and other healthcare products using a mix of community partners, online and tele approaches. Founded in 2018 by Anish Agarwal and Anant Jain and based in Kolkata, the company focuses on Bharat (T2–T6) markets and is present across 500 towns in West Bengal, Bihar, Jharkhand and Odisha. TABLT has developed 450+ franchisees, served 1.5 lakh customers, delivered orders worth Rs 100 crore GMV, and reports that 70% of its users are over the age of 40. The company says it has achieved six-fold growth since April 2020 and is targeting four-times growth in the next 15 months. Future plans funded by the recent round include opening 500 new franchisees to build a network of more than 1,000, establishing fulfilment centres in Bhubaneswar, Patna and Siliguri, hiring across tech, product and marketing, and pursuing strategic partnerships in the healthcare ecosystem. TABLT also aims to expand to 10+ states within the next two years.

  • Supplynote

    Participated · Series A · Oct 2021

    Adcount Technologies operates SupplyNote with three business verticals: a SaaS inventory‑management product for large restaurants, fulfillment services, and a marketplace (Vyap) for small restaurants. Founded in 2019, the company serves roughly 5,000 outlets across 86 cities and manages goods and procurement across its verticals. Its SaaS vertical facilitates about $100M in annual purchases in India; Vyap enables approximately $2.25M in procurement in Noida and Greater Noida, and SupplyLink manages $5M in goods across 42 cities. The company aims to expand to 30,000 F&B outlets globally by the end of fiscal 2025 and targets facilitating $1.2B in purchases, achieving $25M ARR for Vyap, and distributing $150M through SupplyLink. Adcount has raised a total of $5M to date, including the recent $2.25M Series A. The latest funding will be used to support initial international expansion focused on the MENA region and Southeast Asia. SupplyNote (Adcount Technologies Private Limited) offers a combined SaaS and e-commerce stack to solve procurement for restaurants and other HoReCa businesses. Its platform helps restaurants understand purchasing trends, plan production, anticipate stock-outs, set low-stock alerts and auto-create purchase orders. The product’s USP is simplifying how restaurants order from vendors and enabling faster, simpler communication with vendors on the platform. SupplyNote reported 800% growth during FY20–21 and is present in 41 cities across 3 countries. The company intends to use new funding to hire, upgrade its technology stack, scale its HoReCa marketplace, extend credit options via partners, enable easier transactions between restaurants and suppliers, and reinforce its fulfillment service. It is also pursuing strategic partnerships with POS, payments and loyalty companies. Supplynote operates a supply chain automation platform focused on digitising supply chains in the food & beverage industry. The company is described as the second platform launched by parent company Adcount Technologies in the direction of supply-chain digitisation. It is headquartered in Noida. In October 2020 Supplynote completed a $600,000 bridge financing. The round included participation from strategic and angel investors, and was led by SOSV and Artesian Ventures. The article does not disclose operating metrics, valuation, or specific use of proceeds.

Team

  • Shweta Agarwal

    Co-Founder

  • Sorabh Agarwal

    Co-Founder

    LinkedIn
  • Piush Goyal

    Co-Founder