About IIT Startups
IIT Startups, an accelerator and incubator program founded in 2018, is based in Saratoga, United States. With a presence in 5 countries, it has supported around 130 startups in sectors like Enterprise Applications, High Tech. As of Apr 2026, IIT Startups has witnessed 8 portfolio exits. Most notable companies in
its portfolio include Qandle, MailModo and Enact. The program is backed by a team of 6 people who primarily support startups based in United States, India.
Key Metrics
IIT Startups' List of Top Investments
IIT Startups has a portfolio of 130 companies. Their most notable investments include Qandle and MailModo.Their portfolio spans across United States, India, Canada and 2 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 29 other sectors. Here is the list of top investments by IIT Startups:
1. Qandle
Cloud-based HR management software solutions for enterprises. It offers multiple modules including recruitment and onboarding, employee lifecycle, leave and attendance management, compensation administration, performance management, payroll management, travel benefits, employee collaboration, workforce analytics, and more. It also provides a chatbot assistant to employees for administrative tasks. It is a tool available on the subscription-based pricing model.
Key facts about Qandle
- Founded Year: 2016
- Location: Gurugram (India)
- Annual Revenue: ₹5.74Cr as on Mar 31, 2025
- Stage: Acquired
- Total Funding till date: $1.22M
- Employee Count: 11 as on Aug 31, 2025
- Investors: RedwoodVentures, IIT Startups and 2 Others
- Latest Funding Round: Seed, Jul 22, 2021, $*****
- Highlight: Acquired
2. MailModo
Provider of platform for interactive email marketing campaigns and automation. It offers tools for creating and managing email campaigns with interactive elements. The platform provides features such as a drag-and-drop editor, segmentation capabilities, and automated email journeys. It also offers resources like email templates, guides, and marketing tools.
Key facts about MailModo
- Founded Year: 2020
- Location: San Francisco (United States)
- Annual Revenue: ₹3.77L as on Mar 31, 2024
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.27M
- Employee Count: 165 as on Dec 31, 2023
- Investors: Titan Capital, Suashish and 33 Others
- Latest Funding Round: Seed, Jul 22, 2021, $*****
3. Enact
Provider of software solutions for monitoring solar energy usage and production. It provides monthly reports to ensure that the solar system is operating at peak efficiency and connect with an energy expert for help with operating or upgrading the system.
Key facts about Enact
- Founded Year: 2014
- Location: Pleasanton (United States)
- Stage: Series B
- Total Funding till date: $16.8M
- Employee Count: 173 as on Jan 31, 2026
- Investors: Olympus Capital Asia, NB Ventures and 5 Others
- Latest Funding Round: Series B, Jul 02, 2025, $*****
- Highlight: Editors' Pick
4. Styched
Internet-first brand offering multi-category fashion products for men and women. The product catalog includes casual wear, ethnic wear, sportswear, merchandise apparel, bottom wear, jackets, sweaters, and accessories like footwear, handbags, and more.
Key facts about Styched
5. Hwy Haul
Online marketplace providing freight transportation services. The platform connects shippers with carriers for on-demand truckload shipping. The platform enables users to search, compare, and book services from multiple partner operators. Users can also track the loads, make online payments, and monitor drivers. Also offers a mobile app for drivers. The app is available on the Android & iOS platforms.
Key facts about Hwy Haul
- Founded Year: 2018
- Location: Santa Clara (United States)
- Stage: Series A
- Total Funding till date: $20.6M
- Employee Count: 22 as on Sep 30, 2023
- Investors: Bluepointe Ventures, AgFunder and 12 Others
- Latest Funding Round: Series A, Oct 07, 2022, $*****
- Highlight: Editors' Pick
Acquired companies in IIT Startups' Portfolio
8 companies from IIT Startups' portfolio have been acquired. The most recent acquisition were Step Function in Jan 2026 by Gruve.Here are IIT Startups' portfolio companies that got acquired most recently:
Filter this listCompany | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 01, 2026 | - | - | 3462 | |
Apr 18, 2025 | - | - | 9079 | |
Oct 19, 2021 | - | - | 9209 | |
Oct 05, 2021 | - | - | 4291 | |
Sep 23, 2021 | - | - | 5078 |
Team profile of IIT Startups
IIT Startups has a team of 6 members including 2 Partners located in India and United States. IIT Startups' team does not sit on the board of any company as of now.Recent News related to IIT Startups
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IIT Madras alumnus launches accelerator ‘IIT Startups’ in USThe Indian Express•Feb 06, 2018•IIT Startups
