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 43 startups in sectors like Auto, Industrial Goods and Manufacturing. As of Jul 2026, Innoeversity has witnessed 17 portfolio exits. Most notable companies in
its portfolio include Bajaj Finserv, Mahindra and Cummins. The program primarily supports startups based in India, United States.
Key Metrics
Innoeversity's List of Top Investments
Innoeversity has a portfolio of 43 companies. Their most notable investments include Bajaj Finserv and Mahindra.Their portfolio spans across India, United States and Japan. They have invested in Auto, Industrial Goods and Manufacturing, Food and Agriculture, Industrial Goods and Manufacturing 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: 2007
- Location: Pune (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Employee Count: 72,003 as on May 31, 2026
- Investors: WestBridge Capital, Nepean Capital and 4 Others
- Latest Funding Round: Post IPO, Oct 05, 2023, $*****
- Highlight: Public
2. Mahindra
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, 2025
- Stage: Public
- Employee Count: 25,222 as on Mar 31, 2025
- Investors: Periphas Capital, Innoeversity and 3 Others
- Latest Funding Round: Post IPO, Jul 07, 2022, $*****
- Highlight: Public
3. Cummins
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
- Founded Year: 1919
- Location: Columbus (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Employee Count: 52,919 as on May 31, 2026
- Investors: Drona Capital, Innoeversity and 8 Others
- Latest Funding Round: Grant (prize money), Sep 29, 2025, $*****
- Highlight: Public
4. Godrej
Traditional conglomerate with a diverse business portfolio. Its business portfolio categories includes appliances, furniture & interiors, security solutions, locking solutions, AV solutions, vending, material handling, industrial logistics, aerospace, nuclear power, defense, precision tools, process equipment, power infrastructure, real estate, green building consulting, heavy engineering, tooling, and eengineering.
Key facts about Godrej
- Founded Year: 1897
- Location: Mumbai (India)
- Stage: Funding Raised
- Employee Count: 21,903 as on Mar 31, 2026
- Investors: Innoeversity, Baring Private Equity Partners and 10 Others
5. Varroc
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: 1988
- Location: Aurangabad (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $50.1M
- Employee Count: 1,426 as on Mar 31, 2026
- Investors: EBRD, Tata Opportunities Fund and 3 Others
- Latest Funding Round: Conventional Debt, Feb 24, 2020, $*****
- Highlight: Public
IPOs and Publicly Listed companies in Innoeversity's Portfolio
17 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:
Filter this listCompany | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 22, 2022 | - | - | 8395 | |
Jan 01, 2021 | - | - | 5781 | |
Jul 06, 2018 | - | - | 1662 | |
Feb 08, 2016 | - | - | 6739 | |
Sep 20, 2011 | - | - | 9483 |
