# Utpal Sheth

> Utpal Sheth is a Series B investor at Aptech (Laurel) backing Manufacturing and Medical Device. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Aptech](https://shizune.co/investors/profile/aptech-limited)
- Location: Laurel, United States
- Total investments: 5
- Last investment: Mar 2025
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/utpalsheth

Utpal Sheth is a Series B investor at Aptech in Laurel focused on Manufacturing and Medical Device. Utpal Sheth is the Chief Executive Officer of Rare Enterprises, the asset management firm of Mr. Rakesh Jhunjhunwala. At Rare Enterprises, he is responsible for Investment Management, Risk Management and Institutionalization.He is a Cost Accountant and Chartered Financial Analyst from ICFAI, Hyderabad (a Gold Medalist at an all-India level). In1991, he was Director, Insight Asset Management (India) Private Limited as well as of HRS Insight Financial Intermediaries Private Limited. The former is an equity research & portfolio advisory firm while the latter is a broking company.In 2001, he was the Principal Relationship Manager of investment banking with Enam Financial Consultants Private Limited.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 2 | 40% |
| Medical Device | 2 | 40% |
| Sales | 1 | 20% |
| Retail | 1 | 20% |
| Fashion | 1 | 20% |

11 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 40% |
| Series C | 1 | 20% |
| Series E | 1 | 20% |
| Private Equity | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Purple Style Labs | Purple Style Labs is an IIT-Bombay graduate and ex-banker with Deutsche. It aspires to be the biggest fashion house of India managing multiple designer brands in the premium, luxury as well as affordable retail segment. | $40M | Series E | Mar 12, 2025 |  |
| Harsoria Healthcare | Harsoria Healthcare is a manufacturing company. Harsoria has installed its design and development section, the medical devices production sections, and the quality control and assurance section. their products range from iv cannula, three way stop cock, av fistula needle, extension tube, flow regulator, connectors, stoppers, infusion set, centralvenous catheter, transfusion set, safety iv cannula, and hemodialysis catheter. | $20M | Private Equity | Jan 09, 2025 |  |
| S3V Vascular Technologies | S3V Vascular Technologies is promoted by a TEAM of Technologists with a mission to ' INNOVATE CUTTING EDGE MEDICAL TECHNOLOGY ". Innovating cutting edge technology and affordability are the key driving factors behind our mission. At S3V Vascular, their goal is to create a better world - saving every possible life. They are working towardsenhancing the lives of patients afflicted with cardiovascular diseases. By innovating on minimally-invasive medical technologies and collaborating with physicians around the world, they create products that - reduce the duration and risk of surgical procedures, advance the health of their patients, and more importantly help them regain their active healthy life. | $36.2M | Series B | Mar 14, 2024 |  |
| smallcase | Smallcase is a wealth management startup that focuses on democratizing equity investing. It builds platforms and investment products to invest better in Indian equities. A smallcase is a basket of stocks/ETFs weighted intelligently to reflect an idea. It was founded in 2015 and is based in Bangalore, India. | $40M | Series C | Aug 18, 2021 |  |
| smallcase | Smallcase is a wealth management startup that focuses on democratizing equity investing. It builds platforms and investment products to invest better in Indian equities. A smallcase is a basket of stocks/ETFs weighted intelligently to reflect an idea. It was founded in 2015 and is based in Bangalore, India. | $14M | Series B | Sep 28, 2020 |  |

5 of 5 investments shown.

## Co-investors
- [Blume Ventures](https://shizune.co/investors/profile/blume-ventures) — VC Fund, 3 deals together
- [Arkam Ventures](https://shizune.co/investors/profile/arkam-ventures) — VC Fund, 2 deals together
- [BEENEXT](https://shizune.co/investors/profile/bee-next) — VC Fund, 2 deals together
- [DSP Group](https://shizune.co/investors/profile/dsp-group) — VC Fund, 2 deals together
- [Peak XV Partners](https://shizune.co/investors/profile/sequoia-india-2) — VC Fund, 2 deals together
- [WEH Ventures](https://shizune.co/investors/profile/weh-ventures) — VC Fund, 2 deals together

## About Aptech

VC Fund · Mumbai, India

Aptech Ltd. has been the pioneer in the education and training business for the past thirty years. Ever since it’s commencement in 1986 and with a current presence in more than 1300 centers, Aptech has effectively ventured into ten diverse sectors ranging from IT training to personal development. With a presence in 40 emerging countries, it hassuccessfully trained over 7 million students through its two main streams of business- Individual training and Enterprise business. Under Individual Training, Aptech offers career and professional training through its Aptech Computer Education, Arena Animation & Maya Academy of Advanced Cinematics (both in Animation & Multimedia), Lakme Academy Powered by Aptech, Aptech Banking & Finance Academy, Aptech Hardware & Networking Academy, Aptech Aviation & Hospitality Academy and Aptech English Learning Academy brands. Enterprise business includes Content Development (Aptech Learning Services), Training and Assessment Solutions for Corporates & Institutions (Aptech Training Solutions, Aptech Assessment & Testing Solutions).

5 contacts available at Aptech.

| Name | Title | Profile |
| --- | --- | --- |
| Ninad Karpe | Managing Director & CEO | https://shizune.co/investors/profile/ninad-karpe |
| Rakesh Jhunjhunwala | Chairman | https://shizune.co/investors/profile/rakesh-jhunjhunwala |
| Ramesh S. Damani | Director | https://shizune.co/investors/profile/ramesh-s-damani |
| Utpal Sheth | Director | https://shizune.co/investors/profile/utpal-sheth |
| Asit Koticha | Director | https://shizune.co/investors/profile/asit-koticha |

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## Featured in investor lists
- [Medical Device Angel Investors in India](https://shizune.co/investors/medical-device-angel-investors-india)

## FAQ

### What does Utpal Sheth invest in?

Utpal Sheth invests primarily in Manufacturing, Medical Device and Sales startups, most often at Series B and Series C stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Utpal Sheth last invest?

The most recent investment recorded for Utpal Sheth closed in Mar 2025. Shizune tracks 5 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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