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About Innoeversity

Innoeversity, an accelerator and incubator program founded in 2017, is based in Pune, India. With a presence in 3 countries, it has supported around 42 startups in sectors like Industrial Goods and Manufacturing, Auto. As of Oct 2026, Innoeversity has witnessed 16 portfolio exits. Most notable companies in its portfolio include Bajaj Finserv, Mahindra and Varroc. The program is backed by a team of 1 people who primarily support startups based in India, United States.
Key Metrics
Founded Year
2017
Location
Pune, India
Portfolio Companies
Locations of Investment

Innoeversity's List of Top Investments

Innoeversity has a portfolio of 42 companies. Their most notable investments include Bajaj Finserv and Mahindra.Their portfolio spans across India, United States and Japan. They have invested in Industrial Goods and Manufacturing, Auto, Food and Agriculture and 17 other sectors. Here is the list of top investments by Innoeversity:
Financial services conglomerate offers a range of financial solutions. It provides a diverse array of financial products and services, including Personal loans, home loans, business loans, auto loans, Life insurance and general insurance, Fixed deposits, mutual funds, wealth management, and Digital Solutions.

Key facts about Bajaj Finserv

  • Founded Year: 1987
  • Location: Pune (India)
  • Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
  • Stage: Public
  • Employee Count: 163,090 as on May 31, 2026
  • Investors: Nepean Capital, WestBridge Capital and 4 Others
  • Latest Funding Round: Post IPO, Oct 05, 2023, $*****
  • Highlight: Public
Diversified conglomerate operating across multiple industries. It specializes in tractors, farming equipment, and utility vehicles, heavy-duty tractors, UTVs, and farm equipment. It also offers financial services, including insurance, mutual funds, and rural housing finance. It operates on aero structure, after market industry, automotive industry, construction equipment, engineering consulting, defence sector, hospitality, logistics, and IT sector.

Key facts about Mahindra

  • Founded Year: 1945
  • Location: Mumbai (India)
  • Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
  • Stage: Public
  • Employee Count: 26,765 as on Mar 31, 2026
  • Investors: Goldman Sachs, Periphas Capital and 3 Others
  • Latest Funding Round: Post IPO, Jul 07, 2022, $*****
  • Highlight: Public
Manufacturer of automotive components. It also manufactures a wide range of products, including exterior lighting systems, electrical and electronic components, polymer and plastic automotive parts, metallic forgings, and powertrain parts for two-wheelers, three-wheelers, passenger cars, commercial vehicles, and off-highway vehicles.

Key facts about Varroc

  • Founded Year: 1990
  • Location: Aurangabad (India)
  • Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
  • Stage: Public
  • Total Funding till date: $50.1M
  • Employee Count: 3,504 as on Mar 31, 2026
  • Investors: Nepean Capital, Tata Opportunities Fund and 3 Others
  • Latest Funding Round: Conventional Debt, Feb 24, 2020, $*****
  • Highlight: Public
Manufacturer of pharmaceutical products, including generics, biosimilars, and active pharmaceutical ingredients. The company offers products across key therapeutic areas, along with tech-driven offerings, over-the-counter medications, biotech products, and contract development and manufacturing organization (CDMO) services. It also has a global institutional business and provides manufacturing solutions. The company focuses on research and development to drive its position in the pharmaceutical industry.

Key facts about Lupin

  • Founded Year: 1968
  • Location: Mumbai (India)
  • Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
  • Stage: Public
  • Employee Count: 24,939 as on Mar 31, 2026
  • Investors: Cipher International, AbbVie and 5 Others
  • Latest Funding Round: Post IPO, Jun 29, 2023, $*****
  • Highlight: Public
Manufacturer of gas-powered construction equipment, fuel systems, turbochargers, and braking systems. The platform offers users various diesel and natural gas-powered engines for heavy and medium-duty trucks, buses, recreational vehicles, agricultural, and construction equipment, mining, marine, oil and gas, and governmental equipment markets. In 2022, the company recorded annual revenues of $28.07B and a net profit of $2.15B.

Key facts about Cummins

IPOs and Publicly Listed companies in Innoeversity's Portfolio

16 of Innoeversity's portfolio companies have become public. Sula Vineyards got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Dec 2022 at marketcap of $363M and Antony Waste Handling got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $122M.
Here are Innoeversity's portfolio companies that went public:
Company
IPO Date
First Invested on
First Round of Investment
Round Size
Dec 22, 2022
-
-
5793
Jan 01, 2021
-
-
3097
Jul 06, 2018
-
-
4874
Feb 08, 2016
-
-
2189
May 11, 2009
-
-
6392

Team profile of Innoeversity

Innoeversity has a team of 1 member located in India. Innoeversity's team does not sit on the board of any company as of now.

FAQs about Innoeversity

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