About Deshpande Startups
Deshpande Startups, an accelerator and incubator program founded in 2016, is based in Hubli, India. With a presence in 3 countries, it has supported around 100 startups in sectors like Enterprise Applications, Food and Agriculture Tech. Most notable companies in
its portfolio include Sonic Lamb, FluxGen and Peerup. The program is backed by a team of 22 people who primarily support Seed startups based in India. Its latest investment was a Undisclosed Seed round in Peerup on Jul 02, 2024.
Key Metrics
Founded Year
2016
Location
Hubli, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Deshpande Startups' List of Top Investments
Deshpande Startups has a portfolio of 100 companies. Their most notable investments are in Serri and Public Next.Their portfolio spans across India, Singapore and United States. They have invested in Enterprise Applications, Food and Agriculture Tech, High Tech and 26 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by Deshpande Startups:
1. Sonic Lamb
Internet first brand offering headphones. It has features such as wireless connectivity, replaceable ear pads, subwoofer system, and more.
Key facts about Sonic Lamb
- Founded Year: 2018
- Location: Hubli (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $593K
- Employee Count: 75 as on Apr 30, 2025
- Investors: Arali Ventures, SINE and 14 Others
- Latest Funding Round: Angel, Feb 12, 2025, $*****
- Highlight: Editors' Pick
2. FluxGen
Provider of AI and IoT-based water intelligence platforms for real-time monitoring and optimization. Its platform helps organizations track, analyze, and optimize water consumption across industrial facilities, campuses, and utilities. It provides real-time monitoring, anomaly detection (such as leaks or wastage), predictive insights, and automated reporting to improve water efficiency and sustainability. It is widely used by manufacturing, infrastructure, and large facility operators to reduce water usage and improve environmental compliance through data-driven decision-making.
Key facts about FluxGen
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $4.04M
- Employee Count: 55 as on Feb 28, 2026
- Investors: LetsVenture, Cisco and 15 Others
- Latest Funding Round: Series A, Feb 27, 2025, $*****
- Highlight: Editors' Pick
3. Peerup
Platform offering English speaking practice. It includes peer-to-peer conversations, AI-driven feedback, and personalized learning tools.
Key facts about Peerup
Mobile assistant for parents of children with special needs. The app offers different brain training exercises, activities, and expert-led chat support for children. Also, it offers client and practice management software for professionals working in child development centres.
Key facts about Daffodil Health
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2023
- Stage: Series A
- Total Funding till date: $20.9M
- Employee Count: 6 as on Jul 31, 2026
- Investors: Maverick Ventures, EPIC Ventures and 9 Others
- Latest Funding Round: Series A, Feb 17, 2026, $*****
5. Bore Charger
Provider of borewell recharge solutions and groundwater management services. They offer borewell recharging, groundwater mapping, and watershed implementation. Rainwater harvesting design and implementation are also provided. The company focuses on sustainable water solutions.
Key facts about Bore Charger
Deshpande Startups' Year-on-Year Investment Trends
Deshpande Startups has invested in 100 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Peerup.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 2 | 0 | 2 |
2019 | 3 | 0 | 3 |
2018 | 3 | 0 | 3 |
Deshpande Startups' Investments by Stage
Deshpande Startups has made 11 investments in Seed stage with an average round size of $84K and 1 investment in Grant (prize money) stage.Stage of entry | No. of Investments |
|---|---|
Seed | 11 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
Deshpande Startups' Investments by Sector
Deshpande Startups has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Sustainability Tech, Consumer and Food and Agriculture Tech. Notably, it has invested in 54 Tech companies, 42 Enterprise (B2B) companies, 28 Consumer (B2C) companies and at least 27 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
High Tech | 3 |
Sustainability Tech | 3 |
Consumer | 2 |
Food and Agriculture Tech | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Deshpande Startups' Investments by Geography
Deshpande Startups has made most investments in India (12).Deshpande Startups' recent investments
Deshpande Startups has not made any investment in 2026 so far.Here are the most recent investments by Deshpande Startups:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 02, 2024 | India | Seed | 8034 | - | |
May 05, 2023 | India | Seed | 4769 | [+5] | |
Mar 05, 2022 | India | Seed | 8227 | [+2] | |
Dec 08, 2021 | India | Seed | 4568 | [+2] | |
2020 | India | Grant (prize money) | 3255 | - |
Team profile of Deshpande Startups
Deshpande Startups has a team of 22 members including 3 Partners and 10 Principals located in India and United States. Deshpande Startups' team does not sit on the board of any company as of now.Here is a list of top team members in Deshpande Startups:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | Lexington | - | - | |
Partner | India | - | - | |
Principal | India | - | - | |
Principal | India | - | - | |
Principal | Chennai | - | ||
Principal | Belgaum | - | - | |
Principal | Hubli | - | ||
Principal | - | - | - |
Co-investors of Deshpande Startups
Over the past 8 years, 42 investors have co-invested in Deshpande Startups's portfolio companies. This includes funds and angels.
- Invested before Deshpande Startups: Startup Karnataka, National Design Business Incubator and 4 others have invested in rounds before Deshpande Startups. There are 3 companies where Startup Karnataka has invested before Deshpande Startups and 1 company where National Design Business Incubator has invested before Deshpande Startups.
- Top Co-investors of Deshpande Startups: 11 investors entered a company along with Deshpande Startups. These include investors like Sushre Global (1 company).
- Invested after Deshpande Startups: A total of 25 investors have invested in Deshpande Startups's portfolio after their investments. Top Investors include Startup Karnataka (2 companies) and Vibhuaya Technologies (1 company).
Recent News related to Deshpande Startups
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Community marketing SaaS startup Serri raises pre-Seed roundEntrackr•May 05, 2023•Serri, Riidl, Shiru, Deshpande Startups and 1 other
