About ACT Grants
ACT Grants, an accelerator and incubator program founded in 2020, is based in Bengaluru, India. With a presence in 5 countries, it has supported around 81 startups in sectors like Enterprise Applications, HealthTech. As of Apr 2026, ACT Grants has 2 unicorns under its belt and has witnessed 5 portfolio exits. Most notable companies in
its portfolio include Tata 1mg, Mozark and Medanta. The program is backed by a team of 27 people who primarily support Grant (prize money) startups based in India. Its latest investment was a Undisclosed Grant (prize money) round in RenewCred on Jan 15, 2026 along with Social Innovation Lab.
Key Metrics
Founded Year
2020
Location
Bengaluru, India
Sectors of Investment
Stages of Investment
Grant (prize money) & Seed
Locations of Investment
Unicorn in Portfolio
ACT Grants' List of Top Investments
ACT Grants has a portfolio of 81 companies, including 2 unicorns. Their most notable investments include Tata 1mg and Mozark.Their portfolio spans across India, United States, Senegal and 2 more locations. They have invested in Enterprise Applications, HealthTech, High Tech and 24 other sectors, across stages such as Grant (prize money), Seed stages. Here is the list of top investments by ACT Grants:
1. Tata 1mg
Provider of an online pharmacy with doctor listing and teleconsultation services. It offers pharmacy store where the user to view medicines, compare prices, and purchase online. It allow users to upload prescriptions for placing the order. It provides an online doctor consultation and lab test platform that allows users to search for doctors and book appointments. The platform sells fitness supplements, healthcare products, healthcare devices, and alternate medicines.
Key facts about Tata 1mg
- Founded Year: 2015
- Location: Delhi (India)
- Annual Revenue: ₹2,360Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $231M
- Employee Count: 4,722 as on Aug 31, 2025
- Investors: Maverick Ventures, IFC and 36 Others
- Latest Funding Round: Series D, Sep 02, 2022, $*****
- Highlight: Acquired
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2. Mozark
Provider of digital experience monitoring platform using synthetic testing and automation. The platform offers tools to monitor and identify failure points in digital journeys. It helps to assess, analyze, and enhance digital experience. The platform supports regulators, public entities, enterprises, and operators. It delivers insights into network performance through testing and analytics.
Key facts about Mozark
3. Medanta
Chain of multi-super specialty healthcare hospitals. It specializes in Cardiac Surgery, Liver and Kidney Transplants, Robotic Surgeries in Cardiology, Urology, Neurology and Neurosciences, Paediatrics, Orthopaedics, and Gynecology, and advanced cancer treatments. It also provides online doctor consultations, appointment booking, pharmacy home delivery, home care, radiology, air ambulance, health checkup, and lab services.
Key facts about Medanta
4. ConveGenius
Provider of educational platforms and solutions designed for personalized learning. It offers technology-based solutions aimed at optimizing educational impact. The solutions include SwiftChat a conversational AI platform designed to help learners via bots and interactive content, SwiftPAL a personalized Adaptive Learning system that adapts learning paths to individual student needs, and Swift Insights is a data and analytics systems to track learning outcomes using advanced measurement methods.
Key facts about ConveGenius
- Founded Year: 2013
- Location: Noida (India)
- Annual Revenue: ₹139Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $16.4M
- Employee Count: 444 as on Aug 31, 2025
- Investors: Michael & Susan Dell Foundation, BAce Capital and 23 Others
- Latest Funding Round: Series A, Feb 09, 2024, $*****
- Highlight: Editors' Pick
Developer of point-of-care molecular diagnostic platform for infectious disease detection. The solution includes Trueprep a fully automatic universal cartridge-based sample prep device, Prolab Atlus portable x-ray system, Thermalytix AI-based thermal scanning device, and Truelab, a real-time, quantitative micro-PCR analyzer that targets diseases like rifampicin resistance, COVID‑19, influenza, dengue, hepatitis, HPV, malaria, and others.
Key facts about Molbio Diagnostics
- Founded Year: 2000
- Location: Salcete (India)
- Annual Revenue: ₹1,030Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $124M
- Employee Count: 714 as on May 31, 2025
- Investors: Temasek, Motilal Oswal Private Equity and 36 Others
- Latest Funding Round: Grant (prize money), 2023, $*****
- Highlight: Editors' Pick
ACT Grants' Year-on-Year Investment Trends
ACT Grants has invested in 81 companies over the last 6 years, with an average of 10 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in MiniMines and most recent follow-on round was in RenewCred.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 8 | 0 | 8 |
2024 | 1 | 0 | 1 |
2023 | 23 | 0 | 23 |
2022 | 17 | 0 | 17 |
2021 | 1 | 0 | 1 |
2020 | 13 | 0 | 13 |
ACT Grants' Investments by Stage
ACT Grants has made 61 investments in Grant (prize money) stage with an average round size of $1.3M and 2 investments in Seed stage with an average round size of $7M.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 61 |
Seed | 2 |
Note: We have considered here, only first round of investments
ACT Grants' Investments by Sector
ACT Grants has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Sustainability Tech, High Tech and Consumer. Notably, it has invested in 62 Tech companies, 52 Enterprise (B2B) companies, 33 Consumer (B2C) companies and at least 23 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 19 |
HealthTech | 16 |
Sustainability Tech | 12 |
High Tech | 11 |
Consumer | 8 |
Others | 67 |
Note: We have considered here, only first round of investments
ACT Grants' Investments by Geography
ACT Grants has made most investments in India (56), followed by United States where it has made 8 investments.Country | No. of Investments |
|---|---|
India | 56 |
United States | 8 |
Senegal | 1 |
Singapore | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
ACT Grants' recent investments
ACT Grants has made 1 investments in 2026 so far - RenewCred.Here are the most recent investments by ACT Grants:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 15, 2026 | India | Grant (prize money) | 1851 | ||
Sep 02, 2025 | India | Grant (prize money) | 2145 | [+1] | |
Jul 10, 2025 | India | Grant (prize money) | 2528 | - | |
Jul 10, 2025 | India | Grant (prize money) | 1496 | - | |
Jul 10, 2025 | - | Grant (prize money) | 4045 | - |
Unicorns in ACT Grants' Portfolio
ACT Grants has 2 unicorns in its portfolio - Molbio Diagnostics and Zetwerk. The most recent unicorn in their portfolio is Molbio Diagnostics. It became a unicorn in 2022.Here is a list of unicorns in ACT Grants' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Developer of point-of-care molecular diagnostic platform for infectious disease detection | 2000 | Salcete | Series C | sozmspg | ||
63 | Manufacturing platform that connects businesses with a global network of suppliers for custom production | 2018 | Bengaluru | Series F | vwrmbiv |
IPOs and Publicly Listed companies in ACT Grants' Portfolio
2 of ACT Grants' portfolio companies have become public. Medanta got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2022 at marketcap of $1.09B and Arvind got listed on the National Stock Exchange (NSE).Here are ACT Grants' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 16, 2022 | - | - | 4347 | |
Feb 08, 1995 | Sep 15, 2020 | Grant (prize money) | 1115 |
Acquired companies in ACT Grants' Portfolio
3 companies from ACT Grants' portfolio have been acquired. The most recent acquisition were Goodera in Dec 2023 by Uniqus.Here are ACT Grants' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 06, 2023 | 2023 | Grant (prize money) | 1308 | |
Mar 20, 2022 | 2022 | Grant (prize money) | 9879 | |
May 14, 2021 | Jun 20, 2020 | Grant (prize money) | 2548 |
Team profile of ACT Grants
ACT Grants has a team of 27 members including 5 Partners located in India. ACT Grants' team sits on the board of 2 companies.Here is a list of top team members in ACT Grants:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | India | - | ||
Partner | Delhi | |||
Partner | Mumbai | - | - | |
Partner | Bengaluru | |||
Partner | Mumbai | - |
Co-investors of ACT Grants
Over the past 6 years, 1183 investors have co-invested in ACT Grants's portfolio companies. This includes funds and angels.
- Invested before ACT Grants: Angel List, Peak XV Partners and 881 others have invested in rounds before ACT Grants. There are 5 companies where Angel List has invested before ACT Grants and 4 companies where Peak XV Partners has invested before ACT Grants.
- Top Co-investors of ACT Grants: 15 investors entered a company along with ACT Grants. These include investors like UNIDO (1 company).
- Invested after ACT Grants: A total of 285 investors have invested in ACT Grants's portfolio after their investments. Top Investors include Peak XV Partners (3 companies) and Stride Ventures (2 companies).
Recent News related to ACT Grants
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MiniMines wins ₹4.3 crore grant to scale battery recycling in IndiaMiniMines•Sep 11, 2025•MiniMines, UNIDO, ACT Grants, Oil India
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ACT commits Rs 8.33 Cr to future of rural healthcare in IndiaBioSpectrum India•Jan 17, 2025•ACT Grants, Khushi Baby, MedoPlus
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Edtech Virohan receives undisclosed amount from Wadhwani Foundation and ACT GrantsCyberMedia India Online•Feb 27, 2021•Virohan, Wadhwani Foundation, ACT Grants
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Arvind inks ₹100 million deal with ACT Grants to produce N95 masksLivemint•Sep 15, 2020•Arvind, ACT Grants
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