About AIC RAISE
AIC RAISE, an accelerator and incubator program founded in 2019, is based in Coimbatore, India. With a presence in 6 countries, it has supported around 81 startups in sectors like Enterprise Applications, Consumer. As of Jul 2026, AIC RAISE has witnessed 2 portfolio exits. Most notable companies in
its portfolio include Trinity Mobility, IppoPay and CercleX. The program is backed by a team of 22 people who primarily support Seed startups based in India. Its latest investment was a $164K Seed round in NewBoo on Apr 24, 2024, which also saw participation from Bright Moon Ventures and Radiantmoon Ventures.
Key Metrics
Founded Year
2019
Location
Coimbatore, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
AIC RAISE's List of Top Investments
AIC RAISE has a portfolio of 81 companies. Their most notable investments include Trinity Mobility and IppoPay.Their portfolio spans across India, United States, Denmark and 3 more locations. They have invested in Enterprise Applications, Consumer, Retail and 27 other sectors, across stages such as Seed stage. Here is the list of top investments by AIC RAISE:
Provider of intelligent city management software solutions. These solutions encompass smart city, safe city, emergency response, and smart utility management. The offerings include an IoT and AI-based digital platform for data integration and processing, an integrated command and control center system for real-time situational awareness, and various applications such as predictive policing, citizen engagement tools, mobile workforce management, and an open data portal. The company also provides computer-aided dispatch systems and supports the entire project lifecycle, from design and implementation to operation and maintenance. The software is designed to improve the quality of life in urban environments and enhance public safety.
Key facts about Trinity Mobility
- Founded Year: 2002
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $4.35M
- Employee Count: 219 as on Feb 28, 2025
- Investors: Honeywell, Agnus and 5 Others
- Latest Funding Round: Series A, Nov 16, 2020, $*****
- Highlight: Editors' Pick
2. IppoPay
Payment acceptance solution for businesses using QR codes and UPIs. It is a fintech startup that provides payment solutions for businesses, enabling transactions and data-driven growth. The company offers a range of payment options, including QR codes, UPI, and POS systems, to manage financial operations. It is a payment aggregator for businesses that collect and accept payments from customers and vendors. It also offers integration using documented SDKs, RESTful APIs, and plugins for multiple platforms and languages.
Key facts about IppoPay
- Founded Year: 2020
- Location: Chennai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $4.65M
- Employee Count: 229 as on Feb 28, 2025
- Investors: Better Capital, Coinbase and 15 Others
- Latest Funding Round: Angel, Aug 06, 2024, $*****
- Highlight: Editors' Pick
3. CercleX
Provider of digital waste management and industrial scrap trading services. This business facilitates the collection, tracking, and processing of industrial and post-consumer waste materials. It offers software tools for monitoring waste movement, ensuring regulatory compliance, and managing recycling targets. The platform connects waste generators with traders, aggregators, and recyclers to enable the sale and procurement of scrap materials. These services support the transition toward circular economy practices by digitizing waste logistics and reporting processes.
Key facts about CercleX
- Founded Year: 2020
- Location: Coimbatore (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $912K
- Employee Count: 16 as on Apr 30, 2026
- Investors: Inflection Point Ventures, DLabs and 38 Others
- Latest Funding Round: Seed, Dec 01, 2023, $*****
- Highlight: Editors' Pick
Developer of smart vehicles for the elderly and people with locomotors disabilities. The company has developed an electrically powered three-wheeler vehicle for wheelchair users. The device has safety practices, space concerns, and is equipped with a manual to handle situational warnings. The bike also uses software solutions that allow users to manage their speed and functions.
Key facts about Yali Mobility
- Founded Year: 2018
- Location: Chennai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $173K
- Employee Count: 16 as on Jun 30, 2026
- Investors: GAIL, RTBI and 3 Others
- Latest Funding Round: Grant (prize money), Feb 15, 2022, $*****
- Highlight: Editors' Pick
5. humblx
SaaS-driven maintenance management solution for commercial spaces. Features include public feedback management, tickets raising, ticket escalation, task delegation, logbook management, automated updates management, notification management, multiple user management, visual reporting, analytics management, customer support management, and more.
Key facts about humblx
- Founded Year: 2018
- Location: Kochi (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $235K
- Employee Count: 11 as on Jun 30, 2026
- Investors: GSF, Nextgen Technology Fund and 11 Others
- Latest Funding Round: Seed, Jan 22, 2024, $*****
- Highlight: Editors' Pick
AIC RAISE's Year-on-Year Investment Trends
AIC RAISE has invested in 81 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in NewBoo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
AIC RAISE's Investments by Stage
AIC RAISE has made 4 investments in Seed stage with an average round size of $241K.AIC RAISE's Investments by Sector
AIC RAISE has a diverse portfolio, with companies operating in the Consumer, Retail, Consumer Goods, Energy Tech and Environment Tech. Notably, it has invested in 45 Tech companies, 30 Enterprise (B2B) companies, 25 Consumer (B2C) companies and at least 19 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Retail | 3 |
Consumer Goods | 1 |
Energy Tech | 1 |
Environment Tech | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
AIC RAISE's Investments by Geography
AIC RAISE has made most investments in India (4).AIC RAISE's recent investments
AIC RAISE has not made any investment in 2026 so far.Here are the most recent investments by AIC RAISE:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 24, 2024 | India | Seed | 8562 | [+12] | |
Jun 30, 2023 | India | Seed | 2111 | ||
Jan 10, 2023 | India | Seed | 6250 | [+44] | |
Oct 09, 2021 | India | Seed | 5726 |
Acquired companies in AIC RAISE's Portfolio
2 companies from AIC RAISE's portfolio have been acquired. The most recent acquisition was QuickPay in Sep 2021 by Unzer for $*****.Here are AIC RAISE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2021 | - | - | 8056 | |
Sep 09, 2013 | - | - | 2825 |
Team profile of AIC RAISE
AIC RAISE has a team of 22 members including 1 Partner and 9 Principals located in India. AIC RAISE's team does not sit on the board of any company as of now.Here is a list of top team members in AIC RAISE:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Coimbatore | - | - | |
Principal | Coimbatore | - | ||
Principal | Coimbatore | - | - | |
Principal | Coimbatore | - | ||
Principal | Chennai | - | ||
Principal | Coimbatore | - | - | |
Principal | Coimbatore | - | ||
Principal | Coimbatore | - | - | |
Principal | Coimbatore | - | ||
Principal | Coimbatore | - |
Co-investors of AIC RAISE
Over the past 5 years, 175 investors have co-invested in AIC RAISE's portfolio companies. This includes funds and angels.
- Invested before AIC RAISE: StartupTN, Sahil Barua and 21 others have invested in rounds before AIC RAISE. There is 1 company where StartupTN has invested before AIC RAISE and 1 company where Sahil Barua has invested before AIC RAISE.
- Top Co-investors of AIC RAISE: 84 investors entered a company along with AIC RAISE. These include investors like Inflection Point Ventures (1 company).
- Invested after AIC RAISE: A total of 68 investors have invested in AIC RAISE's portfolio after their investments. Top Investors include GetVantage (1 company) and Recur Club (1 company).
