# Lead Angels

Lead Angels is a Private Equity based in Mumbai, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2013
- **Assets under management:** $5M–$15M (Altss estimate)
- **Website:** www.leadangels.in

## Regulatory record

- **Reports private funds:** No

## About

Lead Angels is a Madrid-based investment firm focused on startup businesses. It connects entrepreneurs with potential investors through a curated platform. Lead Angels has made 3 investments, including an Angel investment in Applivery on December 11, 2023.

## Sectors

- Enterprise Software
- FinTech
- Consumer Tech
- Healthcare Services
- Education

## Offices

- New Delhi, India
- Pune, India

## People

- Sushanto Mitra — Founder & CEO

## Questions

### Who runs investment decisions at Lead Angels?

Sushanto Mitra, the founder and CEO, oversees the central investment committee. Individual angel network chapters in Mumbai, New Delhi, and Pune maintain their own screening committees that feed deals into the central process. For the SEBI-registered Lead Angels Fund, Mitra and the fund's investment team make final allocation decisions.

### How does Lead Angels source its deal flow?

Deal flow comes primarily through chapter-based networks that tap incubators, IIT alumni groups, and startup accelerators. The network has direct relationships with IIT Bombay's entrepreneurship cell and TiE Mumbai. Portfolio company founders and angel members also provide inbound referrals, giving the platform steady access to Mumbai and NCR early-stage pipelines.

### Is Lead Angels structured as a single angel network or does it operate a fund?

Lead Angels operates both structures in parallel. The angel network syndicates individual deals among its members on a deal-by-deal basis. Separately, Lead Angels Fund is a SEBI-registered Category I Alternative Investment Fund that pools commitments from accredited investors and deploys capital using a managed blind-pool model across the same deal flow.

### Does Lead Angels participate in fund commitments or only direct deals?

Lead Angels focuses on direct angel and early-stage venture investing. The angel network syndicate operates as direct deal participation, while the Lead Angels Fund is a proprietary pooled vehicle — it does not serve as a limited partner in external funds in any disclosed capacity.

### What investment stages does Lead Angels target?

The network targets pre-seed, seed, and pre-Series A rounds, with typical cheque sizes ranging from INR 25 lakh to INR 2 crore. The fund vehicle has capacity for follow-on investments into Series A rounds for portfolio companies. Late-stage or growth equity is not in the disclosed mandate.

## Related profiles

- [LEAD](https://altss.com/profile/lead)
- [Leadbank Capital](https://altss.com/profile/leadbank-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/lead-angels

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology