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About iCreate

iCreate, an accelerator and incubator program founded in 2011, is based in Ahmedabad, India. With a presence in 3 countries, it has supported around 46 startups in sectors like High Tech, Enterprise Applications. As of Aug 2026, iCreate has witnessed 2 portfolio exits. Most notable companies in its portfolio include Clean Electric, Hubilo and ChargeZone. The program is backed by a team of 39 people who primarily support Seed startups based in India. Its latest investment was a $55.6K Seed round in Zerodrag on Dec 11, 2025.
Key Metrics
Founded Year
2011
Location
Ahmedabad, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed, Grant (prize money) & 1 more
Locations of Investment

iCreate's List of Top Investments

iCreate has a portfolio of 46 companies. Their most notable investments are in ARKA 360 and Zerodrag.Their portfolio spans across India, United States and Poland. They have invested in High Tech, Enterprise Applications, Food and Agriculture Tech and 22 other sectors, across stages such as Seed, Grant (prize money)  and 1 more. Here is the list of top investments by iCreate:
Manufacturer of lithium ion battery solutions for electric vehicle applications. These products utilize liquid cooling technology to manage thermal performance and support rapid charging capabilities. The hardware includes integrated battery intelligence platforms for monitoring and diagnostics. The offerings are designed for use in various vehicle types and stationary energy storage systems.

Key facts about Clean Electric

  • Founded Year: 2020
  • Location: Pune (India)
  • Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
  • Valuation: $*****
  • Stage: Series A
  • Total Funding till date: $8.35M
  • Employee Count: 69 as on May 31, 2026
  • Investors: Lok Capital, LetsVenture and 21 Others
  • Latest Funding Round: Series A, Aug 23, 2024, $*****
  • Highlight: Editors' Pick
Provider of webinar and virtual event platform with audience engagement tools. The system enables businesses and event organizers to create, manage, and host interactive webinars, conferences, and hybrid events, supporting audience participation through live polls, Q&A, gamification, and AI-enhanced networking. Features include registration management, branded event design, sponsor virtual booths, multi-track content, analytics for measuring engagement and ROI, as well as integration with marketing and CRM systems. The platform serves marketing, sales, and event teams seeking to drive impact, increase brand visibility, generate leads, and analyze participant behavior in real time.

Key facts about Hubilo

Operator of electric vehicle charging stations and related software services. It offers hardware for various charging needs, alongside software for managing charging infrastructure. Services include energy solutions and fleet charging systems. The company also provides radio-frequency identification cards for streamlined access. Provides an app for station finder, real-time availability, navigation, and reviews.

Key facts about ChargeZone

  • Founded Year: 2018
  • Location: Vadodara (India)
  • Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
  • Valuation: $*****
  • Stage: Series A
  • Total Funding till date: $97.5M
  • Employee Count: 145 as on Aug 31, 2025
  • Investors: 108 Capital, Authum and 196 Others
  • Latest Funding Round: Series A, Apr 30, 2024, $*****
  • Highlight: Editors' Pick
Manufacturer of electronics and mechanical components providing assembly and integration services. Services include component sourcing, circuit board assembly, testing, validation, and box build solutions. The company manages product lifecycles through engineering support, supply chain coordination, and logistics. Operations encompass the integration of enclosures, heat sinks, fasteners, and custom parts to deliver functional products. The process involves feasibility reviews, prototyping, and production execution for various hardware requirements.

Key facts about Karkhana.io

  • Founded Year: 2018
  • Location: Mumbai (India)
  • Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
  • Valuation: $*****
  • Stage: Series A
  • Total Funding till date: $10.1M
  • Employee Count: 46 as on Aug 31, 2025
  • Investors: Trifecta Capital, SIG and 11 Others
  • Latest Funding Round: Series A, Aug 08, 2024, $*****
Manufacturer of industrial cobots and automated robotic vision system solutions. These systems include mobile robots, end-of-arm tooling, and software integration for machine tending, packaging, and material handling tasks. The hardware supports various payload capacities and reach requirements for factory automation. Additional offerings include computer vision systems for inspection, robot guidance, and measurement. Custom robotic configurations are developed based on specific application requirements, operating conditions, and performance targets. The systems incorporate teleoperation platforms and haptic interfaces to facilitate data capture for training autonomous agents. Engineering support is provided for system design, commissioning, and long-term maintenance.

Key facts about Integra Robotics

iCreate's Investments by Stage

iCreate has made 10 investments in Seed stage with an average round size of $65.4K, 2 investments in Grant (prize money) stage and 1 investment in Conventional Debt stage with an average round size of $5M.
Here are iCreate's investments by stage:
Stage of entry
No. of Investments
Seed
10
Grant (prize money)
2
Conventional Debt
1
Breakdown of iCreate's investments by stage of entrySeed (10)Grant (prize money) (2)
Note: We have considered here, only first round of investments

iCreate's Investments by Sector

iCreate has a diverse portfolio, with companies operating in the Energy Tech, Environment Tech, Sustainability Tech, Auto Tech and High Tech. Notably, it has invested in 36 Tech companies, 33 Enterprise (B2B) companies, 18 Tech hardware companies and at least 17 companies focusing on Software.
Here are iCreate's investments by sector:
Sector
No. of Investments
Energy Tech
6
Environment Tech
6
Sustainability Tech
6
Auto Tech
5
High Tech
5
Others
19
Breakdown of iCreate's investments by sectorsEnergy Tech (6)Environment Tech (6)
Note: We have considered here, only first round of investments

iCreate's Investments by Geography

iCreate has made most investments in India (11), followed by United States where it has made 2 investments.
Here are iCreate's investments by geography:
Country
No. of Investments
India
11
United States
2
Breakdown of iCreate's investments by countriesIndia (11)United States (2)
Note: We have considered here, only first round of investments

iCreate's recent investments

iCreate has not made any investment in 2026 so far.
Here are the most recent investments by iCreate:
Date
Company
Location
Round Details
Round Amount
Co-Investors
Dec 11, 2025
India
Seed
8827
-
Jul 22, 2025
India
Seed
1910
-
Mar 03, 2025
India
Seed
2477
-
Feb 19, 2025
India
Seed
5136
  [+1]
Mar 29, 2023
India
Conventional Debt
8834
-

Acquired companies in iCreate's Portfolio

2 companies from iCreate's portfolio have been acquired. The most recent acquisition was Hubilo in Sep 2025 by Brandlive for $*****.
Here are iCreate's portfolio companies that got acquired most recently:
Company
Acquisition Date
First Invested on
First Round of Investment
Round Size
Sep 16, 2025
2015
Seed
5130
Feb 10, 2022
-
-
1629

Team profile of iCreate

iCreate has a team of 39 members including 14 Partners, 1 Venture Partner and 3 Principals located in India and Malta. iCreate's team sits on the board of 2 companies.
Here is a list of top team members in iCreate:
Name
Designation
Location
Board Memberships
Contact Details
Partner
-
-
-
Partner
Mumbai
Partner
-
Partner
Vadodara
-
-
Partner
-
-
-
Partner
-
-
-
Partner
-
-
-
Partner
-
-
-
Partner
Ahmedabad
-
-
Partner
India
-
-
Partner
-
-
-

Co-investors of iCreate

Over the past 11 years, 332 investors have co-invested in iCreate's portfolio companies. This includes funds and angels.

  • Invested before iCreateUpendra Deglurkar, Saurabh Chandra and 69 others have invested in rounds before iCreate. There is 1 company where Upendra Deglurkar has invested before iCreate and 1 company where Saurabh Chandra has invested before iCreate.
  • Top Co-investors of iCreate5 investors entered a company along with iCreate. These include investors like Sarcha Advisors (1 company).
  • Invested after iCreateA total of 256 investors have invested in iCreate's portfolio after their investments. Top Investors include Transition VC (2 companies) and pi Ventures (1 company).

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