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Cold email to investors: templates for Indian founders

What to put in a first email to an investor, five templates to adapt, and how to send them so each one reads as written for that person.

Free guideWritten 9 min read

What a cold email to an investor is for

A cold email has one job: to get you a short first call. It is not where you close a round or explain the whole business. If the reader finishes it knowing who you are, why you wrote to them and what you want next, it worked.

That shapes everything else. The email should be short enough to read on a phone, specific enough that it could only have been sent to this person, and end with an ask that is easy to say yes to. The deck and the model come later, or sit behind a link.

The seven parts of a cold email

A good cold email to an investor has seven parts, in this order. Use the table as a checklist before you press send.

At a glance: the parts of a cold email to an investor
PartWhat to writeKeep it to
Subject lineYour company and one specific detail: the sector, the stage or a number you can backUnder 8 words
First lineTheir first name. Never "Dear Sir/Madam", "Hi there" or "Dear Partner"A greeting and a name
Why themOne true reason you chose this investor: a stage, sector or cheque size they state, or a company in their portfolioOne sentence
What you doWho has the problem and what you sell them, in plain wordsOne sentence
ProofOne real number from your own records: revenue, users, growth, pilots or letters of intentOne sentence, one number
The askA short call, asked as a questionOne line
Sign-offYour full name, role, company and a link to your deckTwo or three lines

Put together, the body should run about 60 to 110 words. Every extra line is one more thing to read before your ask.

The checks our own drafts must pass

ShunyaSe Outreach, our investor email tool, will not send a first email until it passes these checks. They make a good checklist for an email you write by hand:

  • No placeholder left anywhere in the subject or the body.
  • It opens with the investor's name, not a greeting to nobody.
  • It mentions something specific to this investor: their firm, or a sector or stage they back.
  • Every figure in it comes from your own facts. Nothing estimated, rounded up or borrowed.
  • It stays within a set length. Our checker turns down a cold email that runs past 120 words.
  • It is signed with your name.
  • It has a subject line, and none of the stock filler phrases that make an email read like a template.

How to find the reason you are writing to them

The "why them" line is what separates a personal email from a blast. It has to be true, and the investor should recognise it as true at a glance. The safest reasons are the ones investors state about themselves: the stages they back, the sectors they invest in, their usual cheque size, and the companies listed in their portfolio.

  1. Start from a list filtered by your sector and stage: investors in India, angel investors and syndicates or VC firms in India.
  2. Open each investor's profile and their own website. Note one stated fact that matches your raise: a stage, a sector or a cheque size.
  3. If they list portfolio companies, look for one close to your market, not one that competes with you.
  4. Write the reason as one plain sentence, for example: "You back B2B software at pre-seed, which is where we are."
  5. If you cannot find a true reason, move that investor down your list and come back to them later.

Five cold email templates

Everything in square brackets is yours to replace. Replace all of it, and if you cannot fill a bracket honestly, delete the sentence rather than leave it vague. Each email body runs about 60 to 110 words once it is filled in. The LinkedIn version is shorter on purpose.

Pre-revenue, to an angel investor

Subject: [Company]: [what you do, in five words or fewer]

Hi [First name], You back [sector] founders at the pre-seed stage, which is where we are. I am building [Company]. We help [who has the problem] [do what, in plain words]. So far: [one real number, e.g. pilots running, waitlist sign-ups or letters of intent], since [month]. We are raising [amount] to reach [the milestone it buys]. Would you be open to a 15 minute call next week? The deck is here: [link to your deck] Thanks, [Your full name] [Role], [Company], [phone]

With no revenue yet, your proof is evidence of demand: pilots, sign-ups or letters of intent. Open on their stage only if their profile says they back it.

With revenue, to a seed fund

Subject: [Company]: [monthly revenue] a month, raising seed

Hi [First name], [Fund name] backs [sector] companies at seed, and we are raising our seed round of [amount]. [Company] sells [product] to [type of customer], who use it to [the job it does for them]. Revenue reached [monthly revenue] in [month], up from [earlier figure] in [earlier month], from [number] paying customers. The round takes us to [milestone]. Worth 15 minutes to see if it fits? Best, [Your full name] [Role], [Company] Deck: [link to your deck]

Give the revenue with its month, and the month you compare it with, exactly as your books show it.

Warm-ish: after an event or through a shared connection

Subject: Following up from [event]

Hi [First name], We met at [event] and spoke about [topic you discussed]. You said you look at [sector] companies at [stage], so here is the short version. [Company] helps [who has the problem] [do what]. [One real number: users, revenue or growth, with the month.] Could we find 15 minutes in the next two weeks? I am happy to work around your calendar. Thanks, [Your full name] [Role], [Company] [Link to your deck]

If a person suggested you write instead, open with their name: "[Mutual contact] suggested I write to you about [topic]." Ask them first, and use their name in the subject line.

To a sector specialist

Subject: [Sector] for [customer type]: [Company]

Hi [First name], I am writing because of your focus on [their sector, in their words]. Your investment in [portfolio company listed on their site] tells me you know how [customer type] buy, which is the hard part of our market. [Company] [what you do, in one line]. [One real number a specialist will respect: repeat orders, pilots that became paid, or retention.] Would you be open to a 15 minute call? I would value your view on [one specific question about the market] even if the timing is not right. Regards, [Your full name] [Role], [Company]

Name a portfolio company only if it is listed on their own website or profile, and you can say why it is relevant.

Short version for LinkedIn or a contact form

Hi [First name], I am [Your name], founder of [Company]. We [what you do, in one line]. You back [sector] at [stage], and we have [one real number]. Open to a short call next week?

Keep it under 55 words: a LinkedIn connection note is cut off past its character limit. On a contact form, add your email and a deck link below it.

Subject lines: plain and specific

The subject line sits in a list of other emails, so it should say who you are and why it is relevant, in under 8 words. Plain beats clever. Use a number only if you can show where it came from.

  • [Company]: [sector] for [customer type], raising pre-seed
  • [Company], [monthly revenue] a month, raising seed
  • [Sector] at [stage]: [Company] from [city]
  • [Mutual contact] suggested I write
  • Following up from [event]

Leave out subjects that would fit any company, such as "Investment opportunity" or "Partnership proposal". Skip all capitals and the word "urgent" too.

Mistakes to avoid

  • Attaching the deck to the first email. A file from a stranger is a file to scan before opening, and a large PDF is slow on a phone. Put a link to your deck in the sign-off instead: a share link can be turned off later, and a tracked one shows whether it was opened. Our pitch deck guide covers the deck itself.
  • A greeting to nobody. "Dear Sir/Madam", "Hi there", "Hello team" or "Dear Partner" tells the reader the email went to a list. Our checker refuses any draft that opens this way. Use their first name.
  • A number you cannot back. Every figure should come from your own records, stated as it is, with the month. One inflated number puts every other line in doubt. Our checker refuses any figure it cannot trace to the founder's own facts.
  • A wall of text. The market size, the team and the vision belong in the deck. Keep each part short, with a blank line between them.
  • Mass CC. One email to ten investors with every address visible tells each of them they are one of many, and hands their addresses to strangers. Write to one investor per email.
  • Template filler. Stock openers about hoping the email finds them well, announcing that you are reaching out, and big words about your product add length and nothing else. Our checker turns these down by name.
  • A bracket left in. Before you send, search the email for a square bracket. Every template on this page uses them so that a missed one is easy to find.

Sending: your own mailbox, working hours, a modest pace

Send from your own work address, the one you will reply from, in plain text, one investor per email.

  • Weekdays, working hours. Our Outreach default is Monday to Friday, 9:30 to 17:30, in the investor's own time zone. It is a sensible rule by hand too.
  • A modest number a day. Outreach starts each campaign at 20 first emails a day and spaces the sends a few minutes apart. A few at a time leaves you room to answer replies properly.
  • Plan your follow-ups now. Decide when each follow-up goes before you send the first email. Our investor follow-up guide has the timing and the templates.
  • Log it the same day. One row per investor in a sheet, or a card on a CRM board: who, when, which email, what next.

If you use ShunyaSe Outreach, emails go from your own mailbox, one investor at a time, inside your send window. Each first email is checked against the rules above before it goes, and follow-ups go as replies in the same thread.

Where this comes from

  • ShunyaSe Outreach draft checks: The rules every investor email meets before it is sent: a name in the greeting, something specific to the investor, figures only from the founder's own facts, a length limit, a signature, no filler, a subject line
  • ShunyaSe Outreach campaign defaults: The send window (weekdays, 9:30 to 17:30 in the investor's time zone), the default number of first emails a day, and follow-ups sent in the same thread
  • ShunyaSe investor directory: The stages, sectors and cheque sizes investors state, used here to find a true reason to write See it
  • ShunyaSe: The email templates and subject lines on this page, written for this guide

Investors and grants that fit you

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