About IIEC
IIEC, an accelerator and incubator program founded in 2015, is based in Gandhinagar, India. With a presence in 1 country, it has supported around 18 startups in sectors like Enterprise Applications, Consumer. As of Oct 2026, IIEC has witnessed 2 portfolio exits. Most notable companies in
its portfolio include MiCoB, AgroCast and Cubeit. The program is backed by a team of 16 people who primarily support startups based in India.
IIEC's List of Top Investments
IIEC has a portfolio of 18 companies. Their most notable investments include MiCoB and AgroCast.Their portfolio spans across and India. They have invested in Enterprise Applications, Consumer, Retail and 12 other sectors. Here is the list of top investments by IIEC:
1. MiCoB
Provider of 3D concrete printing solutions for construction. It offers customized construction solutions using 3D concrete printing technology. This includes energy-efficient building construction and bespoke outdoor landscapes and furniture. The company provides an end-to-end client experience encompassing seamless communication, transparent service offerings, robust quality control, and after-sales services. Its high-performance solutions are based on years of research in 3D concrete printing, construction, automation, and project management.
Key facts about MiCoB
2. AgroCast
Provider of agricultural data analytics services. They offer data driven services in agriculture,water resource management and climate risk including crop monitoring,soil moisture,remote sensing and farm advisory tools.
Key facts about AgroCast
3. Cubeit
Cubeit (rebranded from Gridants) offers a productivity tool that allows users to collect data, organize, share and save it. The tool converts data into cards which allow users to easily save and share data. Uses a proprietary algorithm to collect data from multiple sources automatically. It also users to search for data based on context. Had raised $3M in funding from Accel Partners and Helion VC as Gridants (platform for IoT applications) before pivoting to a productivity tool. Acquired by Myntra in July 2016 for an undisclosed amount.
Key facts about Cubeit
- Founded Year: 2012
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2018
- Stage: Acquired
- Total Funding till date: $3M
- Employee Count: 4 as on Aug 31, 2026
- Investors: Helion Venture Partners, Dot Edu Ventures and 3 Others
- Latest Funding Round: Seed, Sep 02, 2014, $*****
- Highlight: Acquired
4. Townrush
Provides on-demand fleet of delivery boys for hyperlocal delivery. Provides tech for shipment creation and offer tracking. Team IIT-GN, IIT-KGP, IIT-K, BITS -Pilani, IIIT-H Alumni. Previously worked at Facebook, Google, Flipkart, Fab and Samsung. Reportedly shut shop, failing to pay salaries to delivery boys. Acquired by Grofers in Oct 2015.
Key facts about Townrush
5. WorkerNaka
Online platform platform for hiring construction workers. The platform connects daily wage construction workers with construction contractors. It aims to serve as a marketplace for work providers and workers in the construction industry.
Key facts about WorkerNaka
- Founded Year: 2020
- Location: Ahmedabad (India)
- Stage: Funding Raised
- Employee Count: 7 as on Aug 31, 2026
- Investors: IIEC and VentureStudio, Ahmedabad University
Acquired companies in IIEC's Portfolio
2 companies from IIEC's portfolio have been acquired. The most recent acquisition was Cubeit in Jul 2016 by Myntra for $*****.Here are IIEC's portfolio companies that got acquired most recently:
Filter this listCompany | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 11, 2016 | - | - | 8777 | |
Oct 27, 2015 | - | - | 4859 |
Team profile of IIEC
IIEC has a team of 16 members including 6 Partners located in India. IIEC's team does not sit on the board of any company as of now.Here is a list of top team members in IIEC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | India | - | ||
Partner | - | - | - | |
Partner | Gandhinagar | - | - | |
Partner | - | - | - | |
Partner | Gandhinagar | - | - | |
Partner | Gandhinagar | - | - |
