When was Dream Incubator founded?

Dream Incubator was founded in 2000.

Where is Dream Incubator's headquarters located?

Dream Incubator's headquarters is located in Chiyoda City (Japan).

How big is Dream Incubator's investment team?

Dream Incubator has a team of 82, including 27 partners.

How many companies has Dream Incubator invested in?

Dream Incubator has invested in 91 companies, including Purplle & Turtlemint.

Which companies has Dream Incubator invested in lately?

Edify.Club & Moneyview are the latest investments by Dream Incubator.

How many exits has Dream Incubator been involved in?

Dream Incubator's portfolio has seen 18 IPOs and 12 acquisitions.

How many unicorns are there in Dream Incubator's portfolio?

There is 1 unicorn in Dream Incubator's portfolio.

Dream Incubator - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Purplle

Retailer of beauty and cosmetic products. This omnichannel platform offers a wide range of beauty and grooming items, including makeup, skincare, hair care, and fragrance products. The company provides a personalized shopping experience by recommending items based on individual preferences and purchase behavior. It operates both online and through physical retail outlets to provide a comprehensive selection of beauty solutions. PF = Yes

Key facts about Purplle

Founded Year: 2012
Location: Mumbai (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series F
Total Funding till date: $560M
Employee Count: 973 as on Jul 31, 2025
Investors: ADIA, Goldman Sachs and 108 Others
Latest Funding Round: Series F, Jun 27, 2024, $*****
Highlight: Editors' Pick

2. Turtlemint

Provider of platform for comparing and purchasing insurance, loans, and funds. It offers tools for advisors to manage clients and grow their businesses. The platform provides access to insurance, investment, and credit products. It also delivers training and support for advisors, including product information and sales skills development. The platform further offers solutions for banks, e-commerce businesses, and insurers.

Key facts about Turtlemint

Founded Year: 2015
Location: Mumbai (India)
Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
Stage: Public
Total Funding till date: $220M
Employee Count: 972 as on Mar 31, 2025
Investors: Marshall Wace, Amansa Capital and 15 Others
Latest Funding Round: Series E, Apr 29, 2022, $*****
Highlight: Public

3. Moneyview

Provider of personal loans, home loans, credit cards, and other services. The platform facilitates access to financial products through its lending and banking partners. Services include personal loans, home loans, business loans, loans against property, and credit cards. It also provides options for fixed deposits, gold investment, and vehicle insurance. The platform offers credit tracking and unified payment interface services.

Key facts about Moneyview

Founded Year: 2014
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
Stage: Public
Total Funding till date: $215M
Employee Count: 718 as on May 31, 2025
Investors: Evolvence Equity Partners, Nexus Venture Partners and 25 Others
Latest Funding Round: Conventional Debt, Nov 27, 2025, $*****
Highlight: Public

4. AnyMind Group

Provider of e-commerce, marketing, and manufacturing platforms. It develops and offers proprietary platforms supporting brand design, planning, production, e-commerce enablement, marketing, and logistics. These platforms also assist publishers and creators in monetizing and growing their brands through various tools for revenue maximization, marketing, and optimization. The company provides solutions for influencer marketing, live commerce, and conversational commerce, along with international shipping and cloud manufacturing capabilities. Its offerings encompass data and AI-driven solutions to streamline operations and enhance decision-making.

Key facts about AnyMind Group

Founded Year: 2016
Location: Minato (Japan)
Stage: Public
Total Funding till date: $91.7M
Employee Count: 9,197 as on Sep 30, 2026
Investors: JAFCO Asia, Nomura and 15 Others
Latest Funding Round: Conventional Debt, Jul 19, 2022, $*****
Highlight: Public

5. Idfy

Provider of a platform for identity verification and risk management. The platform offers tools for customer and workforce governance throughout their lifecycle. It focuses on frictionless onboarding, verifiable identities, and faster revenue generation. The platform aims to reduce onboarding friction, prevent fraud, and accelerate time-to-revenue. It helps detect and mitigate risk in real time, reducing financial and operational losses. The platform also transforms compliance into a growth engine through centralized automation.

Key facts about Idfy

Founded Year: 2011
Location: Mumbai (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series F
Total Funding till date: $85.7M
Employee Count: 697 as on Aug 31, 2025
Investors: Trifecta Capital, NB Ventures and 41 Others
Latest Funding Round: Series F, Jun 22, 2026, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Dream Incubator has invested in 92 companies over the last 19 years, with an average of 4 new investments annually in the last 10 years. Its most recent first time investment was in Edify.Club and most recent follow-on round was in Edify.Club.

Here are Dream Incubator's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	0	0	0
2023	0	1	1
2022	1	5	6
2021	4	3	7
2020	7	2	9
2019	10	2	12
2018	14	2	16
2017	4	0	4

View all investments by Dream Incubator

Dream Incubator has made 23 investments in Seed stage with an average round size of $2.44M, 13 investments in Series A stage with an average round size of $5.65M, 10 investments in Series B stage with an average round size of $10.2M, 2 investments in Series C stage with an average round size of $28.9M and 1 investment in Series D stage with an average round size of $30M.

Here are Dream Incubator's investments by stage:

Stage of entry	No. of Investments
Seed	23
Series A	13
Series B	10
Series C	2
Series D	1

Note: We have considered here, only first round of investments

View all investments by Dream Incubator

Dream Incubator has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, HealthTech, FinTech and Retail. Notably, it has invested in 61 Tech companies, 38 Consumer (B2C) companies, 36 Enterprise (B2B) companies and at least 30 companies focusing on Software.

Here are Dream Incubator's investments by sector:

Sector	No. of Investments
Enterprise Applications	15
Consumer	14
HealthTech	10
FinTech	8
Retail	7
Others	46

Note: We have considered here, only first round of investments

View all investments by Dream Incubator

Dream Incubator has made most investments in India (27), followed by Japan where it has made 14 investments.

Here are Dream Incubator's investments by geography:

Country	No. of Investments
India	27
Japan	14
United States	7
China	1
Vietnam	1

Note: We have considered here, only first round of investments

View all investments by Dream Incubator

Dream Incubator has not made any investment in 2026 so far.

Here are the most recent investments by Dream Incubator:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Mar 24, 2023	Edify.Club	India	Seed	3913	Prime Venture Partners [+4]
Dec 24, 2022	Moneyview	India	Series E	9326	Apis Partners [+8]
Jun 24, 2022	GetVantage	India	Conventional Debt	9696	DMI Sparkle Fund [+4]
Jun 24, 2022	GetVantage	India	Series A	9823	DMI Sparkle Fund [+13]
Mar 08, 2022	Moneyview	India	Series D	8700	Tiger Global Management [+10]

See more recent investments made by Dream Incubator

Dream Incubator has 1 unicorn in its portfolio - Purplle. The most recent unicorn in their portfolio is Purplle which became a unicorn in 2022, 4 years after Dream Incubator first invested in it.

Here is a list of unicorns in Dream Incubator's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
85	Purplle	Retailer of beauty and cosmetic products	2012	Retail [+1]	Mumbai	Series F	gzwjaxu

View more details about unicorns in Dream Incubator's portfolio

18 of Dream Incubator's portfolio companies have become public. Moneyview got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $616M and Turtlemint got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $471M.

Here are Dream Incubator's portfolio companies that went public:

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Company	IPO Date	First Invested on	First Round of Investment	Round Size
Moneyview	Oct 01, 2026	Oct 03, 2018	Series C	1396
Turtlemint	Jun 29, 2026	Nov 17, 2020	Series D	5107
Baby Job	Dec 19, 2024	-	-	1770
Nile	Dec 20, 2023	-	-	9069
AnyMind Group	Mar 29, 2023	Oct 28, 2018	Series B	2254

View more details about public companies in Dream Incubator's portfolio

12 companies from Dream Incubator's portfolio have been acquired. The most recent acquisition was Onco in Jul 2025 by Apollo Hospitals for $*****.

Here are Dream Incubator's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Onco	Jul 08, 2025	Apr 15, 2019	Series A	2812
Revv	Dec 02, 2023	Aug 17, 2018	Series B	4273
Little Black Book	Aug 06, 2022	Dec 13, 2018	Series A	7581
Active AI	Apr 05, 2022	-	-	1109
Breaker	Apr 04, 2022	Jan 03, 2014	Seed	6187

View all acquired companies in Dream Incubator's portfolio

Dream Incubator has a team of 82 members including 27 Partners and 15 Principals located in Japan, India and 1 more location. Dream Incubator's team sits on the board of 1 company.

Here is a list of top team members in Dream Incubator:

Name	Designation	Location	Board Memberships	Contact Details
Makoto Miyauchi	Partner	Tokyo	-	1 Email
Tetsuro Harada	Partner	Tokyo	-	1 Email
Masami Hamada	Partner	Tokyo	-	1 Email
Munehiko Eto	Partner	Bengaluru	Niramai	2 Emails, 1 Phone number
Masahito Ishikawa	Partner	-	-	1 Email
Takashi Shimazaki	Partner	Japan	-	1 Email
Hidetaka Murata	Partner	Tokyo	-	1 Email
Kazutoshi Numata	Partner	Tokyo	-	1 Email
Kazuya Suzuki	Partner	Tokyo	-	1 Email
Yoshihiro Nobe	Partner	Japan	-	1 Email
Katsuhiko Handa	Partner	-	-	-

View team details of Dream Incubator

Over the past 19 years, 911 investors have co-invested in Dream Incubator's portfolio companies. This includes funds and angels.

Invested before Dream Incubator: Blume Venture, Chiratae Ventures and 430 others have invested in rounds before Dream Incubator. There are 9 companies where Blume Venture has invested before Dream Incubator and 4 companies where Chiratae Ventures has invested before Dream Incubator.
Top Co-investors of Dream Incubator: 132 investors entered a company along with Dream Incubator. These include investors like AET Fund (3 companies).
Invested after Dream Incubator: A total of 347 investors have invested in Dream Incubator's portfolio after their investments. Top Investors include Trifecta Capital (3 companies) and Sony Innovation Fund (3 companies).