Devang Mehta

Co-Founder

Mumbai, Maharashtra, India29 yrs 10 mos experience
Highly Stable

Key Highlights

  • 20+ years of experience in early-stage investing.
  • Expert in advising startups on growth strategies.
  • Strong network in the early-stage ecosystem.
Stackforce AI infers this person is a seasoned venture partner with expertise in early-stage startups and investment strategies.

Contact

Skills

Other Skills

Angel InvestingStartup DevelopmentEarly-stage StartupsBusiness StrategyBusiness DevelopmentStrategySoftware EngineeringStart-upsMarketingProduct ManagementManagement ConsultingEntrepreneurshipAgile MethodologiesMarketing CommunicationsCRM

About

I invest in, and advise, early stage companies and help them hit strong growth trajectories. I also help connect startups to sources of capital - both equity and debt. My eclectic business background combines roles in Early-stage investing, Engineering, Sales, Business Development, Product Marketing, Product Management, and Strategy; combined with academic qualifications in Computer science and an MBA from Carnegie Mellon University. I have strong investing experience in early stage companies - both in an individual capacity and through Anthill. Investments include Gaia Smart Cities, and startups in AI-based Healthcare, Chronic Wound Management, Ayurveda Tech, Food Tech, and Electric Car Technologies. I have 20+ years of operational experience in engineering, marketing, and business development in early to mid stage companies. I am now leveraging all this experience and my educational background in early stage investing and advisory for technology startups in India. I love working with early stage companies to fine-tune business plans, go-to-market strategies, fundraising strategy, team building, content refinement and other key tasks to help them achieve business expansion goals. I also help profitable startups and SMEs raise debt.

Experience

29 yrs 10 mos
Total Experience
6 yrs 3 mos
Average Tenure
3 yrs 10 mos
Current Experience

Glyde rideshare mobility pvt ltd

Advisor

Sep 2025Present · 7 mos · Mumbai, Maharashtra, India

  • Working with immensely talented founders to redefine urban mobility.

Pressplay capital

Founding Team

Apr 2025Present · 1 yr · Mumbai, Maharashtra, India

  • Pressplay Capital is a $10m fund making investments in fast emerging startups in SportsTech and adjacencies, in the US and UAE.. Its Principals have decades of operational and investing experience in media tech, ad tech and adjacencies.
  • Pressplay launched in early 2025 and we are actively talking to LPs and interested investors keen to participate in this alluring opportunity. We are also inviting visionary founders with genuine growth hacking street cred to contact us!

Dawdle.live

Advisor

Jan 2025Present · 1 yr 3 mos · Mumbai

  • Dawdle is building the World's Most Insightful Business Conversations

Derivativesaint

Advisor

Sep 2024Present · 1 yr 7 mos · Mumbai, Maharashtra, India · Remote

  • Working closely with a stellar Banking and Investment Management team to scout for and execute fundraising transactions especially in the Healthcare space.

Topmate.io

Advisor

Jul 2024Present · 1 yr 9 mos · Remote

  • Through Topmate's deft "Book an Appointment" plugin on Linkedin, I coach startups on fundraise and finance professionals on breaking into the VC industry. Specifically, my sessions include:
  • Deck analysis/refinement
  • Fundraising strategy - timing, instruments, structure, valuation
  • Startup incorporation, co-founder/key hire onboarding
  • Ideal Paths to enter the VC field

Amplitude

Venture Partner

Jun 2024Dec 2024 · 6 mos · Mumbai, Maharashtra, India

  • Amplitude is a Venture Capital Fund that will invest in highly scalable startups in the F&B and Travel Tech spaces in India. The founders have tremendous experience and domain expertise in investing in, and exponential growing, companies in these domains

Forescribe

Advisor

Mar 2024Aug 2024 · 5 mos · India

  • Through a powerful and versatile SaaS offering. Forescribe can help organizations save millions of dollars by identifying (and thereby eliminating) wasteful technology spends.

Mirai capital global

Venture Partner, Secondaries

Jan 2024Jan 2025 · 1 yr · India, USA, UAE

  • Mirai Capital Global (MCG) is an Investment Management firm with an initial corpus of USD 1.5 Billion funded through a strategic partnership with the UAE Royal Family Office (RFO) of H.H. Sheikh Ahmed Bin Faisal Al Qassimi.
  • The primary Investment focus for MCG will be as “Fund-of-Funds” on Venture Capital and Private Equity entities that are eager to participate in high growth markets of India and UAE. The fund will also lead investments in selective start-ups and operative funds in the US and additionally align project-based financing with venture debt opportunities in UAE & India.
  • Specific industry focus will include AI & High Tech, Healthcare, Manufacturing, Real Estate & Infrastructure. The partnership with Royal Family Office will play a significant role in selecting opportunities that will have the shared vision on sustainable growth and positive change for UAE on a global scale.

Self

Advisor to Funds and Technology Startups

Jun 2022Present · 3 yrs 10 mos · Mumbai, Maharashtra, India

  • I am leveraging my strong network, deep expertise and extensive network in the early stage ecosystem globally to advise and mentor startups,originate and consummate deals in the space, and to effectuate powerful, synergistic business relationships.
  • I participate in fund raises for startups(both Debt and Equity), M&A transactions, Corporate development activity, and also provide strategic direction for early- and mid-stage companies. In recent times (early 2023 onwards), I have become involved in secondary transactions - both direct in startups as well as VC portfolios. Amplitude (VC Fund), Assets Positive, Entrepreneurship Drive, Anthill Ventures and a host of other players in the ecosystem globally - including bankers, lawyers, VC and PE funds, M&A groups at organizations, Secondary specialists, and more. I am also connected with people involved in turnaround situations, and GIFT City setup.

Curo biosciences private limited

Advisor

Jun 2019Present · 6 yrs 10 mos · Remote

  • Erlysign is pioneering early cancer detection through saliva - via a patented, deep-tech product. Entering clinical trials in April, 2024 Erlysign is poised to be a storied biotech "Made in India" company.
  • I am helping them with fundraise, partnerships, and general corporate development.

Lumos healthcare advisory

Founding Team

Jun 2019Mar 2025 · 5 yrs 9 mos · Singapore and India

  • Lumos Healthcare Advisory helps early stage companies scale through numerous market interventions: business development initiatives, mentoring founders, rounding out management teams, fine-tuning pitches and GTM strategies and more. Working closely with HCG and Anthill teams, Lumos is one of Asia's premier Healthcare accelerators.
  • We focus on Oncology and adjacencies: Genome Sequencing, Immunotherapy, AL/ML models that improve or disrupt existing processes especially in Pathology, powerful new Biomarkers and Checkpoint Inhibitors etc. Operationally, we also help companies wishing to expand to India and SE Asia.
  • Examples of adjacencies include companies producing nutraceuticals specifically for cancer patients and those into trauma and wound management.

Kronikare

Advisor

Jun 2019Jun 2022 · 3 yrs · Mumbai, Maharashtra

  • Kronikare has an evolutionary wound measurement product that dramatically reduces the time it takes to measure key wound parameters and integrate it with larger electronic records systems. Developed at prestigious institutes in Singapore, Kronikare's wound scanner is redefining industry standards in wound analysis.

Ayurythm

Advisor

Jun 2019Jun 2022 · 3 yrs · Mumbai, Maharashtra

  • Ayurythm is the world's first application to use advanced technology to implement the centuries old tradition of 'Nadi Parikshan" (pulse diagnostics) in Ayurveda. Ayurythm holds 4 global patents and has deep tech in using tech and related Ayurvedic parameters to give you a detailed and holistic profile on your smart phone. Using this analysis, one can make important lifestyle decisions to improve health and well-being

Anthill ventures

Venture Partner

Oct 2017Present · 8 yrs 6 mos · Mumbai, Maharashtra, India

  • Venture Advisor (June, 2022 to Present)
  • Helping portfolio companies with strategic partnerships, growth strategies and with follow-on fundraise rounds.
  • General Partner (October, 2017 to June 2022)
  • Anthill Ventures is a premier speed scaling platform for early stage companies. Through mentorship, market access and corporate connections, Anthill helps startups cross the proverbial chasm and onto the path of explosive growth.
  • Since 2015, Anthill has focused on investing in, and scaling, early stage companies at the Pre-Series A stage of the growth cycle. As a true value-added provider of capital we help portfolio companies with a powerful speed scaling platform that helps them with market access, strategy advice, as well as Technology and Infrastructure Support.
  • I managed fund operations, marketing, interactions with LPs, due diligence on potential investments, and structuring of Term Sheets and SHAs. I also manage PR activities and was actively involved in articulating Anthill's message through a variety of media outlets. As an industry leader in the Fund-Accelerator ecosystem, Anthill is frequently covered in publications including Economic Times, YourStory, Inc42, VCCircle, TechinAsia, and more.

Gaia smart cities

Investor and Advisor

Jul 2016Present · 9 yrs 9 mos

  • GAIA is building state-of-the-art IoT solutions for numerous high-demand applications in India including Smart Cities, Smart Water Meters, Smart Parking, Fleet Management and more. It is quickly emerging as one of the fastest growing IoT companies in India.
  • Gaia's flagship product is fast getting adopted by numerous government and private organizations to gauge customer sentiment at retail locations, public utility services and more. A Microsoft Gold Certified Partner, Gaia's bleeding-edge products are redefining Voice and Smart Feedback IoT globally.

Zaamy technologies pvt ltd

Investor and Advisor

Jun 2016Jul 2018 · 2 yrs 1 mo

  • Zaamy is India's first E-commerce marketplace dedicated exclusively to homemakers. Today Zaamy is empowering many homemakers make and market pickles, powders, corporate lunches, handicrafts and numerous other homemade items to consumers globally. Please visit http://www.zaamy.com to learn more

Pravega venture partners

Partner

Jun 2016Jan 2018 · 1 yr 7 mos · Mumbai Area, India

  • Pravega Venture Partners partners with early stage technology companies and helps catalyze their growth through advisory services. We help with authoring business plans, fine-tuning go-to-market strategy, building teams, identifying angel and institutional capital, business development activities and more.
  • Pravega is founded by a team with deep industry expertise in the technology and manufacturing verticals. We have deep industry and investor connections, across the globe, and are well-positioned to catalyze growth at early- and mid-stage companies.
  • We have advised clients in these areas: AI/ML, Healthcare, Big Data Infrastructure planning, IoT, and FoodTech.

Multiple

Marketing, Business Development and Engineering Roles

Jun 1996Jun 2016 · 20 yrs · Silicon Valley and Chicago

  • I have 20 years of operational experience in early stage companies in various capacities: Marketing, Business Development and Software Engineering. Many of these were in leadership roles and help me gain a strong understanding of the mechanics of scaling early stage companies to profitability and future rounds of funding.
  • Key areas of learning included Lead Generation and Nurturing, Lead Development with Sales Teams, Authoring Collaterals (White papers, Factsheets etc), Creating and maintaining social media presence, Building architectures for scalable Websites, and creation of Web APIs.
  • Also involved in business plan creation, pitching to VCs, and interactions with multiple players in the ecosystem including lawyers, bankers and corporate development teams.
  • Companies include:
  • eTouch (now part of Virtusa) - Enterprise Collaboration
  • Morningstar (Nasdaq: MORN) - Financial services
  • Glassbeam - IoT on Big Data
  • Infostretch - Automated Test Management
  • SEI - Software engineering services
  • Hi5 - Social Networking
  • Frameweld - Rich multimedia presentations

Education

Carnegie Mellon University

MBA

Jan 2003Jan 2005

Indiana University Bloomington

M.S — Computer Science

Jan 1994Jan 1996

Bombay University, Thadomal Shahani Engg College

B.E — Computer Engineering

Jun 1990Jul 1994

Ruparel College

High school diploma — Science

Jan 1988Jan 1990

Bombay Scottish School

Jan 1981Jan 1988

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