About Millennium Alliance
Millennium Alliance, an accelerator and incubator program founded in 2011, is based in Delhi, India. With a presence in 3 countries, it has supported around 86 startups in sectors like HealthTech, Life Sciences. As of Aug 2026, Millennium Alliance has witnessed 3 portfolio exits. Most notable companies in
its portfolio include Forus Health, Boon Water and CropIn. The program is backed by a team of 4 people who primarily support Grant (prize money) startups based in India. Its latest investment was a Undisclosed Grant (prize money) round in Chitkara University on Oct 16, 2017.
Key Metrics
Founded Year
2011
Location
Delhi, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money)
Locations of Investment
Millennium Alliance's List of Top Investments
Millennium Alliance has a portfolio of 86 companies. Their most notable investments include Forus Health and Boon Water.Their portfolio spans across India, United Kingdom and United States. They have invested in HealthTech, Life Sciences, Food and Agriculture Tech and 19 other sectors, across stages such as Grant (prize money) stage. Here is the list of top investments by Millennium Alliance:1. Forus Health
Manufacturer of portable digital eye imaging devices and cloud-based healthcare platforms. These devices are designed for acquiring, storing, and transmitting images of the eye's anterior and posterior segments, facilitating the diagnosis of various ocular diseases. The cloud-based platform integrates with the imaging devices, enabling remote diagnosis and efficient monitoring of patients. The company's technology aims to improve access to eye care, particularly in underserved areas. The devices are designed for ease of use and affordability, making them suitable for a wide range of healthcare settings.
Key facts about Forus Health
- Founded Year: 2010
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $18.1M
- Employee Count: 171 as on Apr 30, 2025
- Investors: Chiratae Ventures, Accel and 15 Others
- Latest Funding Round: Series B, Nov 03, 2025, $*****
- Highlight: Editors' Pick
2. Boon Water
Provider of commercial-grade water purification and glass bottling systems. The company offers purification systems with UltraOsmosis and WaterAI for institutions. It provides purification and packaging systems to enable in-house water production. The company's WaterAI dashboard allows users to monitor and adjust purification settings.
Key facts about Boon Water
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $9.61M
- Employee Count: 184 as on Jul 31, 2026
- Investors: SIDBI, TLabs and 21 Others
- Latest Funding Round: Conventional Debt, Jul 17, 2024, $*****
- Highlight: Editors' Pick
3. CropIn
Provider of cloud-based platform delivering agriculture data and intelligence solutions. It offers applications for farm digitization, connecting stakeholders, and ensuring traceability. It unifies agricultural data sources to provide insights and remote monitoring. The platform includes AI for crop health analysis, irrigation scheduling, and yield optimization. Its GenAI-powered platform, Cropin Sage, decodes the past, present, and future of crops, turning complex data into simple, actionable insights for decisions.
Key facts about CropIn
- Founded Year: 2010
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $54M
- Employee Count: 91 as on Aug 31, 2025
- Investors: Chiratae Ventures, Gates and 40 Others
- Latest Funding Round: Grant (prize money), Aug 05, 2025, $*****
- Highlight: Editors' Pick
4. IIT Madras
Institute offering world-class education and research. It offers a comprehensive range of undergraduate, postgraduate, and doctoral programs across engineering, sciences, management, and humanities, supported by 16 departments and numerous interdisciplinary research centers. Its expansive residential campus provides world-class infrastructure, advanced laboratories, and a vibrant academic environment.
Key facts about IIT Madras
- Founded Year: 1959
- Location: Chennai (India)
- Stage: Funding Raised
- Investors: Millennium Alliance, Military Health and 1 Other
- Latest Funding Round: Grant (prize money), Apr 24, 2025, $*****
Full-stack food processing platform empowering women farmers, reducing food losses. They provide convenience-driven food ingredients for the Food & Beverage Industry through a tech-driven farm-gate procurement and processing platform. They offer fruits, vegetables, pulses, grains, and spices in various specifications. Their products boast no added preservatives, are nutrient-dense, have a minimal carbon footprint, and ensure complete traceability, empowering women farmers. The company utilizes a patented food processing unit that reduces moisture content in agro-produce, preserving it for up to a year without chemicals. They operate village-level collection centers and climate-clean micro-food processing units, serving omnichannel customers. This creates a customer-centric, sustainable, and equitable agri-value chain with a social impact.
Key facts about S4S Technologies
- Founded Year: 2008
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $21.3M
- Employee Count: 157 as on Aug 31, 2025
- Investors: Chiratae Ventures, Accel and 24 Others
- Latest Funding Round: Series B, Jul 01, 2024, $*****
- Highlight: Editors' Pick
Millennium Alliance's Year-on-Year Investment Trends
Millennium Alliance has invested in 86 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Chitkara University.Millennium Alliance's Investments by Stage
Millennium Alliance has made 9 investments in Grant (prize money) stage with an average round size of $665K.Millennium Alliance's Investments by Sector
Millennium Alliance has a diverse portfolio, with companies operating in the Education, Energy Tech, Environment Tech, High Tech and Nonprofits. Notably, it has invested in 33 Enterprise (B2B) companies, 32 Social impact companies, 32 Tech companies and at least 23 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Education | 2 |
Energy Tech | 2 |
Environment Tech | 2 |
High Tech | 2 |
Nonprofits | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Millennium Alliance's Investments by Geography
Millennium Alliance has made most investments in India (9).Millennium Alliance's recent investments
Millennium Alliance has not made any investment in 2026 so far.Here are the most recent investments by Millennium Alliance:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 16, 2017 | India | Grant (prize money) | 9835 | - | |
Aug 20, 2017 | India | Grant (prize money) | 3648 | - | |
Jul 23, 2017 | India | Grant (prize money) | 9609 | - | |
Jul 23, 2017 | India | Grant (prize money) | 6404 | - | |
Jul 22, 2017 | India | Grant (prize money) | 1813 | - |
Acquired companies in Millennium Alliance's Portfolio
3 companies from Millennium Alliance's portfolio have been acquired. The most recent acquisition was Transerve in Jan 2023 by Precisely for $*****.Here are Millennium Alliance's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 31, 2023 | - | - | 7357 | |
Aug 26, 2021 | Jul 23, 2017 | Grant (prize money) | 9572 | |
Nov 13, 2018 | - | - | 7099 |
Team profile of Millennium Alliance
Millennium Alliance has a team of 4 members including 3 Principals located in India. Millennium Alliance's team does not sit on the board of any company as of now.Here is a list of all team members in Millennium Alliance:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Principal | Delhi | - | ||
Principal | Delhi | - | ||
Principal | Delhi | - |
Co-investors of Millennium Alliance
Over the past 12 years, 29 investors have co-invested in Millennium Alliance's portfolio companies. This includes funds and angels.
- Invested before Millennium Alliance: Ankit Jhanwar, Tata Capital and 3 others have invested in rounds before Millennium Alliance. There is 1 company where Ankit Jhanwar has invested before Millennium Alliance and 1 company where Tata Capital has invested before Millennium Alliance.
- Invested after Millennium Alliance: A total of 24 investors have invested in Millennium Alliance's portfolio after their investments. Top Investors include Acumen (1 company) and Chiratae Ventures (1 company).
Recent News related to Millennium Alliance
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Cygni Energy raises $6.4 million through debt and equityIndiatimes•Aug 21, 2018•Cygni Energy, IndusInd Bank, Endiya Partners, Millennium Alliance
