Mohit Gupta
Co-founder & CEO, Lyskraft; Angel Investor
Reviewed Updated Jun 24, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Background
Mohit Gupta is an Indian operator-turned-angel investor with senior leadership roles at two Indian internet companies that went public: MakeMyTrip and Zomato. He holds a PGDM in Marketing from IIM Calcutta 1.
He spent roughly a decade at PepsiCo, leading sales, brand marketing and channel assignments, including scaling beverage brands such as 7Up and setting up organized retail go-to-market 12. He joined MakeMyTrip in 2008 as CMO and subsequently became COO, helping the company through its 2010 NASDAQ IPO and through subsequent revenue scaling 2.
In 2018, Gupta joined Zomato as CEO – Food Delivery, and was elevated to co-founder in 2020. He led the food delivery business through Zomato’s expansion phase and the 2021 IPO, departing the company in 2022 23. In 2023–2024, he co-founded Lyskraft, an omnichannel premium fashion startup, alongside Myntra founder Mukesh Bansal (Bansal serves as strategic advisor and shareholder, with Gupta as operational CEO) 3. Lyskraft raised a $26M seed round led by Peak XV Partners in April 2024 3. Gupta is also listed as a founder of Plaksha University 1.
Stated Thesis
Gupta has not published a formal angel investment thesis. In a Prime Venture Partners podcast appearance during his Zomato tenure, he described his operating philosophy as grounded in “data, logic and your outcomes” and emphasized that for operational businesses “strong first principle thinking and process orientation tends to be the most important thing” rather than narrow domain expertise 2. His angel portfolio reflects sectors close to his operating background (consumer internet, D2C, hospitality, healthtech, fintech), but he has not stated this as an explicit thesis publicly.
Inferred Thesis
Based on publicly verified investments (sample of ~8–10 disclosed rounds, against a Tracxn-reported portfolio of ~29 companies — i.e., the verifiable sample is small), the pattern that emerges:
- Indian-only: Every verified investment is in an India-headquartered startup 45.
- Consumer / D2C bias: Verified investments include Wellopia (personal products), Helium (real estate / proptech), Openhouse, Gabit (healthtech wearables), HexaHealth (healthcare services), Ultrahuman (consumer health), Park+ (consumer parking), Scripbox (consumer fintech) and Elivaas (luxury vacation rentals) 46. The portfolio skews toward consumer-facing businesses with operational complexity — areas adjacent to Gupta’s MakeMyTrip/Zomato experience.
- Early stage: Verified rounds are predominantly Seed and Angel rounds. The 2026 Helium investment ($536K Angel) and 2025 Openhouse ($2M Seed) and Wellopia ($933K Seed) rounds are representative 4.
- Co-invests with Indian operator-angels: In the Elivaas seed, Gupta participated alongside Kunal Shah (CRED), Naveen Kukreja (Paisabazaar), Amit Lakhotia (Park+) 6. This is consistent with the “Indian operator angel syndicate” pattern.
- Three reported exits: BabyChakra (acquired Aug 2021), Runnr (acquired Sep 2017, by Zomato), and FortunePay (acquired Jun 2017) 4.
Sample size caveat: only a minority of his reported 29 portfolio companies have a verifiable funding-round source. The thesis statement above should be treated as directional, not statistical.
Portfolio
| Company | Year | Stage | Source |
|---|---|---|---|
| Helium | 2026 | Angel ($536K) | 4 |
| Openhouse | 2025 | Seed ($2M) | 4 |
| Wellopia | 2025 | Seed ($933K) | 4 |
| Ninecamp | 2024 | Seed ($2M) | 4 |
| Elivaas | 2023 | Seed (participant, $2.5M round led by Peak XV Surge) | 6 |
| Gabit | 2023 | Seed (~$9.5M) | 5 |
| Park+ | ~2021 | Angel | 5 |
| Ultrahuman | ~2020 | Angel/Seed | 5 |
| ~unknown | Scripbox | Undisclosed | Angel |
| ~unknown | HexaHealth | Undisclosed | Angel |
| BabyChakra | Pre-2021 | Angel (Exit: acquired Aug 2021) | 4 |
| Runnr | Pre-2017 | Angel (Exit: acquired Sep 2017) | 4 |
| FortunePay | Pre-2017 | Angel (Exit: acquired Jun 2017) | 4 |
Notes: Tracxn reports a total portfolio of 29 companies; this table reflects ~45% (13 of 29) — only those with a verifiable round or aggregator citation. Several round dates are not publicly disclosed.
In Their Own Words
On operating philosophy (from the Prime Venture Partners podcast during his Zomato tenure):
“data, logic and your outcomes are pretty much the only thing that matters for you, and that everything else is up for change”
— Mohit Gupta, Prime Venture Partners podcast, “Thinking Like a Leader” 2
On building operational businesses:
“strong first principle thinking and process orientation tends to be the most important thing”
— Mohit Gupta, Prime Venture Partners podcast 2
On joining startups:
“these journeys tend to be long, five, seven, ten years is almost like starting up. So if you do it, you got to make many pivots personally”
— Mohit Gupta, Prime Venture Partners podcast 2
On hiring senior people:
“at senior levels, almost always hiring a person into a family or hiring a co-founder into the business…there’s nothing that is more important than culture fit”
— Mohit Gupta, Prime Venture Partners podcast 2
What Founders Say
No independently sourced founder testimonials about Mohit Gupta’s angel investing behavior were found in this research pass.
Sources
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Plaksha University, “Founder – Mohit Gupta,” accessed June 2026. https://plaksha.edu.in/team-details/mohit-gupta↩↩↩
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Prime Venture Partners, “Mohit Gupta, CEO Food Delivery Zomato on Thinking Like a Leader” (podcast page with career bio), accessed June 2026. https://www.primevp.in/content/podcast/mohit-gupta-ceo-food-delivery-zomato-thinking-leader↩↩↩↩↩↩↩↩
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Inc42, “Former Zomato Exec Mohit Gupta And Myntra Founder Mukesh Bansal’s Venture Lyskraft Bags $26 Mn,” April 2024, accessed June 2026. https://inc42.com/buzz/former-zomato-exec-mohit-gupta-and-myntra-founder-mukesh-bansals-venture-lyskraft-bags-26-mn/↩↩↩
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Tracxn investor profile, “Mohit Gupta – 2026 Portfolio & Founded Companies,” accessed June 2026. https://tracxn.com/d/people/mohit-gupta/__E9u_QVsTIAKyPraHHQ8usRnG8LR1RrDgaRj1_9A-X2w↩↩↩↩↩↩↩↩↩↩↩
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Planify, “Mohit Gupta Portfolio, Shareholdings & Investments,” accessed June 2026. https://www.planify.in/investors/mohit-gupta/↩↩↩↩
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Entrackr, “Peak XV’s Surge leads $2.5 Mn seed round in Elivaas,” November 27, 2023, accessed June 2026. https://entrackr.com/2023/11/peak-xvs-surge-leads-2-5-mn-seed-round-in-elivaas/↩↩↩