Where is KIIT-TBI's headquarters located?

KIIT-TBI's headquarters is located in Bhubaneswar (India).

How big is KIIT-TBI's investment team?

KIIT-TBI has a team of 58, including 11 partners.

How many companies has KIIT-TBI invested in?

KIIT-TBI has invested in 94 companies, including FarEye & SpaceFields.

Which companies has KIIT-TBI invested in lately?

Awsum & Cluix are the latest investments by KIIT-TBI.

How many exits has KIIT-TBI been involved in?

KIIT-TBI's portfolio has seen 1 acquisition.

KIIT-TBI - 2026 Investor Profile, Portfolio, Team & Investment Trends

KIIT-TBI, an accelerator and incubator program founded in 2009, is based in Bhubaneswar, India. With a presence in 4 countries, it has supported around 94 startups in sectors like Enterprise Applications, High Tech. As of Nov 2026, KIIT-TBI has witnessed 1 portfolio exit. Most notable companies in its portfolio include FarEye, SpaceFields and iServeU. The program is backed by a team of 58 people who primarily support Seed startups based in India. Its latest investment was a $151K Seed round in Awsum on Mar 15, 2025, which also saw participation from Fuelbee Partners and Rubina Shaikh.

Key Metrics

Founded Year

2009

Location

Bhubaneswar, India

Portfolio Companies

FarEye, SpaceFields & 92 more

Sectors of Investment

Enterprise Applications, High Tech & 28 more

Stages of Investment

Seed & Conventional Debt

Locations of Investment

India, Australia & 2 more

View KIIT-TBI's full profile

KIIT-TBI has a portfolio of 94 companies. Their most notable investments are in Gocarin and Miraqules.Their portfolio spans across India, Australia, Ireland and 1 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 27 other sectors, across stages such as Seed, Conventional Debt stages. Here is the list of top investments by KIIT-TBI:

1. FarEye

Developer of an artificial intelligence-powered delivery management platform for enterprise-scale logistics operations. The platform simplifies last-mile delivery processes by providing tools for route planning, capacity utilization, delivery scheduling, and order visibility. It enables businesses to optimize fulfillment networks, manage carrier ecosystems, and improve fleet productivity through dynamic routing and cross-docking. The technology supports various delivery models, including same-day and hyperlocal services, while offering features for branded tracking and customer experience management. Additionally, the platform provides operational analytics to help teams monitor performance, reduce delivery costs, and track sustainability metrics such as carbon emissions across the delivery value chain. PF = Yes

Key facts about FarEye

Founded Year: 2013
Location: Chicago (United States)
Valuation: $*****
Stage: Series E
Total Funding till date: $152M
Employee Count: 399 as on May 31, 2026
Investors: Dragoneer Investment Group, TCV and 59 Others
Latest Funding Round: Series E, Sep 16, 2024, $*****
Highlight: Editors' Pick

2. SpaceFields

Developer of custom solid propulsion systems for aerospace and defense. The company specializes in designing and developing mission-critical solid-fuel systems. It provides solutions for powering next-generation aerospace and defense platforms. The company focuses on high-performance solid composite propellants and integrated propulsion systems and rocket motors. Research and development efforts concentrate on energetics and chemical processes.

Key facts about SpaceFields

Founded Year: 2021
Location: Bengaluru (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $6.71M
Employee Count: 20 as on Aug 31, 2025
Investors: Valour Capital, SIDBI and 124 Others
Latest Funding Round: Seed, Sep 19, 2025, $*****
Highlight: Editors' Pick

3. iServeU

Platform offering financial infrastructure. It offers an agency banking platform with switching. It also provides card issuance & management, global remittance, merchant acquiring & neo banking solutions. Its customized solutions for banks include Gen AI-based onboarding solutions with KYC checks through face match and liveliness that can be used to onboard customers for different requirements, ML-based fraud & risk Management solutions, CRM solutions to generate and manage leads for lending or insurance requirements, cloud-native open banking API gateway, multi-currency based digital wallets, global virtual accounts with international remittance features.

Key facts about iServeU

Founded Year: 2014
Location: Bhubaneswar (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Last Known Valuation: $*****
Stage: Acquired
Employee Count: 852 as on Jan 31, 2025
Investors: KIIT-TBI and 2 Others
Highlight: Acquired

4. Tan90

Manufacturer of phase change materials and cold chain shipping products. The company provides phase change materials for insulated containers. These materials passively absorb heat, maintaining temperature stability. The company offers ice boxes, material packs, insulation bags, delivery bags, and thermal panels. It also provides blast freezers for high-throughput freezing.

Key facts about Tan90

Founded Year: 2019
Location: Chennai (India)
Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $5.22M
Employee Count: 35 as on Aug 31, 2025
Investors: Cisco, NABARD and 26 Others
Latest Funding Round: Series A, Apr 23, 2026, $*****
Highlight: Editors' Pick

5. Altor

Bluetooth-integrated smart helmets. It can send out SOS emergency alerts and features accident detection tools.

Key facts about Altor

Founded Year: 2018
Location: Kolkata (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $286K
Employee Count: 21 as on Sep 30, 2026
Investors: CapFort Ventures, Apex Group and 40 Others
Latest Funding Round: Seed, Feb 07, 2022, $*****

View the full list of portfolio companies

KIIT-TBI has invested in 94 companies over the last 13 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in Awsum and most recent follow-on round was in Cluix.

Here are KIIT-TBI's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	1	1	2
2024	5	1	6
2023	2	2	4
2022	3	3	6
2021	1	1	2
2020	0	1	1
2019	4	0	4
2018	6	0	6
2017	5	0	5

View all investments by KIIT-TBI

KIIT-TBI has made 27 investments in Seed stage with an average round size of $97.4K and 1 investment in Conventional Debt stage with an average round size of $328.

Here are KIIT-TBI's investments by stage:

Stage of entry	No. of Investments
Seed	27
Conventional Debt	1

Note: We have considered here, only first round of investments

View all investments by KIIT-TBI

KIIT-TBI has a diverse portfolio, with companies operating in the Life Sciences, Consumer, HealthTech, Enterprise Applications and Retail. Notably, it has invested in 59 Enterprise (B2B) companies, 59 Tech companies, 27 Consumer (B2C) companies and at least 25 companies focusing on Software.

Here are KIIT-TBI's investments by sector:

Sector	No. of Investments
Life Sciences	10
Consumer	7
HealthTech	7
Enterprise Applications	5
Retail	5
Others	27

Note: We have considered here, only first round of investments

View all investments by KIIT-TBI

KIIT-TBI has made most investments in India (27), followed by United States where it has made 1 investment.

Here are KIIT-TBI's investments by geography:

Country	No. of Investments
India	27
United States	1

Note: We have considered here, only first round of investments

View all investments by KIIT-TBI

KIIT-TBI has not made any investment in 2026 so far.

Here are the most recent investments by KIIT-TBI:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Mar 15, 2025	Awsum	India	Seed	2068	Fuelbee Partners [+9]
Feb 14, 2025	Cluix	India	Seed	5603	Techin-Iitpkd
Nov 01, 2024	SpaceFields	India	Seed	5807	-
Jul 12, 2024	Habbits	India	Seed	9834	-
Jul 05, 2024	Gocarin	India	Seed	2470	-

See more recent investments made by KIIT-TBI

1 company from KIIT-TBI's portfolio has been acquired. The most recent acquisition was iServeU in Aug 2020 by Niyogin for $*****.

Here are KIIT-TBI's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
iServeU	Aug 31, 2020	-	-	9983

View all acquired companies in KIIT-TBI's portfolio

KIIT-TBI has a team of 58 members including 11 Partners, 1 Venture Partner and 6 Principals located in India, United States and 2 more locations. KIIT-TBI's team does not sit on the board of any company as of now.

Here is a list of top team members in KIIT-TBI:

Name	Designation	Location	Board Memberships	Contact Details
Mrutyunjay Suar	Partner	Bhubaneswar	-	1 Email
Miten Mehta	Partner	Leander	-	1 Email
Anil Koul	Partner	Antwerp	-	-
Dharmendra Narayan Dwivedy	Partner	Bhubaneswar	-	-
Saranjit Singh	Partner	Bhubaneswar	-	-
Manish Diwan	Partner	Delhi	-	1 Email
Yogeswar Rao D	Partner	Hyderabad	-	-
Yogesh Andlay	Partner	Delhi	-	-

View team details of KIIT-TBI

Over the past 13 years, 411 investors have co-invested in KIIT-TBI's portfolio companies. This includes funds and angels.

Invested before KIIT-TBI: Startup Karnataka, Hvb 88 Angels and 97 others have invested in rounds before KIIT-TBI. There are 2 companies where Startup Karnataka has invested before KIIT-TBI and 1 company where Hvb 88 Angels has invested before KIIT-TBI.
Top Co-investors of KIIT-TBI: 49 investors entered a company along with KIIT-TBI. These include investors like Syed Arish Ahsan (1 company).
Invested after KIIT-TBI: A total of 263 investors have invested in KIIT-TBI's portfolio after their investments. Top Investors include Ministry of Electronics & Information Technology (3 companies) and Bikky Khosla (2 companies).