About India Accelerator
India Accelerator, an accelerator and incubator program founded in 2017, is based in Gurugram, India. With a presence in 15 countries, it has supported around 290 startups in sectors like Enterprise Applications, Consumer. As of Nov 2026, India Accelerator has 3 unicorns under its belt and has witnessed 10 portfolio exits. Most notable companies in
its portfolio include InCred, Recur Club and STAGE. The program is backed by a team of 65 people who primarily support Seed startups based in India. Its latest investment was a $357K Seed round in TENSRAI on Oct 28, 2026, which also saw participation from Finvolve and Hyderabad Angels.
India Accelerator's List of Top Investments
India Accelerator has a portfolio of 290 companies, including 3 unicorns. Their most notable investments are in Recur Club and TheRollNumber.Their portfolio spans across India, United States, Singapore and 12 more locations. They have invested in Enterprise Applications, Consumer, Retail and 37 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by India Accelerator:1. InCred
Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.
Key facts about InCred
- Founded Year: 2016
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $320M
- Employee Count: 2,161 as on May 31, 2025
- Investors: Nippon, Asas Capital and 130 Others
- Latest Funding Round: Conventional Debt, Jul 04, 2025, $*****
- Highlight: Editors' Pick
2. Recur Club
Provider of non-dilutive debt financing for startups and growing businesses. This entity facilitates access to capital through revenue-based financing, venture debt, and various structured debt instruments. Financial data analysis determines eligibility for funding facilities, allowing companies to secure capital without relinquishing equity ownership. The process involves connecting financial records to an automated assessment system that matches applicants with lending partners. Repayment structures are designed to align with business revenue performance, providing flexibility for operational needs such as inventory management, hiring, and working capital requirements.
Key facts about Recur Club
- Founded Year: 2021
- Location: Delhi (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $15.3M
- Employee Count: 99 as on Apr 30, 2026
- Investors: InCred, Aditya Birla Capital and 25 Others
- Latest Funding Round: Series A, Jun 08, 2026, $*****
- Highlight: Editors' Pick
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3. STAGE
Provider of Indian movies, web series and originals. It offers a variety of content in different languages such as Haryanvi, Rajasthani, Bhojpuri, and Gujarati. The platform provides access to a wide selection of movies and shows across genres like drama, romance, thriller, and comedy.
Key facts about STAGE
- Founded Year: 2019
- Location: Delhi (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.7M
- Employee Count: 109 as on Aug 31, 2025
- Investors: GrowthStory, NB Ventures and 203 Others
- Latest Funding Round: Series B, Dec 13, 2024, $*****
- Highlight: Editors' Pick
4. PUMA
Retailer of clothing, shoes, and accessories for men, women, and kids. It provides users with a multi-sports product brand with products across various categories such as football, cricket, golf, running and fitness & exercise. Their products include apparel, footwear, equipment and accessories such as soccer balls, gloves, shin guards, armband, arm pockets, and accessories. Their products are available worldwide. In 2020, the company recorded annual revenues of $6 B and a net profit of $89.9 M
Key facts about PUMA
- Founded Year: 1948
- Location: United States
- Stage: Public
- Employee Count: 22,794 as on Sep 30, 2026
- Investors: Relentless Consumer Partners, Groupe Artemis and 4 Others
- Highlight: Public
5. Droom
Online retailer of used and new automobiles, plus related services. It provides a platform for individuals to buy, sell, exchange, finance, insure, inspect, and certify vehicles. The platform offers a selection of automobiles across multiple categories. It facilitates vehicle inspection and certification for condition, pricing, and history. The company provides loans, warranty, and vehicle delivery services.
Key facts about Droom
- Founded Year: 2014
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $344M
- Employee Count: 382 as on Sep 30, 2026
- Investors: IAM Group, Beenos and 67 Others
- Latest Funding Round: Series G, Mar 26, 2025, $*****
- Highlight: Editors' Pick
India Accelerator's Year-on-Year Investment Trends
India Accelerator has invested in 292 companies over the last 9 years, with an average of 21 new investments annually in the last 5 years. In 2025, it made 26 investments, while as of Oct 2026, it has made 20 investments in this year. Its most recent first time investment was in TENSRAI and most recent follow-on round was in EDT.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 15 | 5 | 20 |
2025 | 19 | 7 | 26 |
2024 | 18 | 8 | 26 |
2023 | 22 | 8 | 30 |
2022 | 19 | 2 | 21 |
2021 | 30 | 1 | 31 |
2020 | 14 | 1 | 15 |
2019 | 17 | 0 | 17 |
2018 | 3 | 1 | 4 |
2017 | 5 | 0 | 5 |
India Accelerator's Investments by Stage
India Accelerator has made 149 investments in Seed stage with an average round size of $817K, 8 investments in Series A stage with an average round size of $4.51M and 2 investments in Unattributed stage with an average round size of $8.86M.Stage of entry | No. of Investments |
|---|---|
Seed | 149 |
Series A | 8 |
Unattributed | 2 |
Post IPO | 1 |
Series B | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
India Accelerator's Investments by Sector
India Accelerator has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, High Tech and FinTech. Notably, it has invested in 218 Tech companies, 154 Enterprise (B2B) companies, 136 Consumer (B2C) companies and at least 98 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 58 |
Retail | 43 |
Enterprise Applications | 42 |
High Tech | 24 |
FinTech | 19 |
Others | 204 |
Note: We have considered here, only first round of investments
India Accelerator's Investments by Geography
India Accelerator has made most investments in India (151), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
India | 151 |
United States | 7 |
Singapore | 2 |
Bermuda | 1 |
Canada | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
India Accelerator's recent investments
India Accelerator has made 20 investments in 2026 so far. TENSRAI and AllSecureX are the latest among them.Here are the most recent investments by India Accelerator:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 28, 2026 | India | Seed | 2697 | [+1] | |
Sep 10, 2026 | India | Seed | 1425 | ||
Sep 08, 2026 | India | Seed | 1126 | ||
Sep 01, 2026 | India | Seed | 1111 | [+1] | |
Aug 13, 2026 | India | Seed | 7473 |
Unicorns in India Accelerator's Portfolio
India Accelerator has 3 unicorns in its portfolio - InCred, Droom and Ola Cabs. The most recent unicorn in their portfolio is InCred. It became a unicorn in 2023, 2 years before India Accelerator first invested in it.Here is a list of unicorns in India Accelerator's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Provider of financial services specializing in personal, education, and business loans | 2016 | Mumbai | Series D | aschotq | ||
72 | Online retailer of used and new automobiles, plus related services | 2014 | Gurugram | Series G | hilcmao | ||
72 | Operator of a mobility platform providing ride-hailing services for various transportation needs | 2010 | Bengaluru | Series J | rxvhzfx |
IPOs and Publicly Listed companies in India Accelerator's Portfolio
4 of India Accelerator's portfolio companies have become public. Purple Style Labs got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Sep 2026 at marketcap of $488M and Clean Motion got listed on the Nordic and Baltic regions (NASDAQ OMX).Here are India Accelerator's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 07, 2026 | Mar 13, 2025 | Series E | 8960 | |
May 26, 2016 | Jun 11, 2024 | Post IPO | 2130 | |
Sep 13, 1996 | - | - | 3146 | |
Apr 26, 1995 | - | - | 9673 |
Acquired companies in India Accelerator's Portfolio
6 companies from India Accelerator's portfolio have been acquired. The most recent acquisition was Rotork in Jul 2026 by ABB for $*****.Here are India Accelerator's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | - | - | 2499 | |
Apr 23, 2025 | - | - | 1010 | |
Apr 21, 2023 | Nov 02, 2020 | Seed | 1344 | |
Nov 16, 2022 | Aug 16, 2024 | Unattributed | 1608 | |
Aug 31, 2018 | Jan 18, 2019 | Seed | 8200 |
Team profile of India Accelerator
India Accelerator has a team of 65 members including 14 Partners, 7 Venture Partners and 10 Principals located in India, United States and 1 more location. India Accelerator's team does not sit on the board of any company as of now.Here is a list of top team members in India Accelerator:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Gurugram | - | ||
Partner | Delhi | - | ||
Partner | Gurugram | - | ||
Partner | Gurugram | - | - | |
Partner | Gurugram | - | ||
Partner | Gurugram | - | - | |
Partner | Gurugram | - | ||
Partner | Gurugram | - | ||
Partner | Mumbai | - | ||
Partner | Delhi | - |
Co-investors of India Accelerator
Over the past 9 years, 3808 investors have co-invested in India Accelerator's portfolio companies. This includes funds and angels.
- Invested before India Accelerator: We Founder Circle, Inflection Point Ventures and 1583 others have invested in rounds before India Accelerator. There are 7 companies where We Founder Circle has invested before India Accelerator and 6 companies where Inflection Point Ventures has invested before India Accelerator.
- Top Co-investors of India Accelerator: 1221 investors entered a company along with India Accelerator. These include investors like Finvolve (28 companies).
- Invested after India Accelerator: A total of 1002 investors have invested in India Accelerator's portfolio after their investments. Top Investors include We Founder Circle (6 companies) and Finvolve (5 companies).
Recent News related to India Accelerator
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Finvolve backs India's Tensrai in pre-seed funding roundTech in Asia•Oct 27, 2026•Finvolve, India Accelerator, TENSRAI, Hyderabad Angels and 1 other
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Kepler Aerospace Secures $8 Million Seed Funding Led by Blue Ashva CapitalIndian Startup News•Sep 01, 2026•Blue Ashva Capital, Kepler Aerospace, Kepler Aviation, iDEX and 1 other
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Zoppler Systems Secures Rs 6.5 Crore Funding from Finvolve and India AcceleratorEntrackr•Aug 04, 2026•Finvolve, India Accelerator, Zoppler Systems
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Finvolve, India Accelerator Invest in Khageshvara Aviation Technology Pre-Seed RoundStartupTalky•Jul 21, 2026•Finvolve, India Accelerator, Khageshvara Aviation
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QubeHealth-Pay Secures Series A Funding at Rs 416 Cr ValuationEntrackr•Jun 11, 2026•Finvolve, Maithan Alloys, QubeHealth, Unicorn India Ventures and 1 other
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Integra Robotics Secures $1.12 Million in Pre-Series A FundingEnablers•Jun 09, 2026•Finvolve, GrowthCap Ventures, India Accelerator, Integra Robotics
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Ctruh Secures $2.5 Million Seed Funding Led by IPV to Boost R&D and AI PlatformViestories•Apr 30, 2026•Ctruh, Inflection Point Ventures, Avinya Ventures, LVX and 3 others
