About MIT WPU TBI
MIT WPU TBI, an accelerator and incubator program founded in 2016, is based in Pune, India. With a presence in 2 countries, it has supported around 36 startups in sectors like Enterprise Applications, High Tech. Most notable companies in
its portfolio include Assert AI, Olee and Manastik. The program is backed by a team of 24 people who primarily support Seed startups based in India. Its latest investment was a $30K Seed round in Cresa Greentech on Oct 24, 2023.
Key Metrics
Founded Year
2016
Location
Pune, India
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Locations of Investment
MIT WPU TBI's List of Top Investments
MIT WPU TBI has a portfolio of 36 companies. Their most notable investments are in Cresa Greentech and citoto.Their portfolio spans across India and United States. They have invested in Enterprise Applications, High Tech, HealthTech and 25 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by MIT WPU TBI:1. Assert AI
Developer of computer vision software for real-time operational intelligence. The software uses existing camera networks to provide insights into physical operations. It offers solutions for occupational health and safety, product quality monitoring, guest experience, and productivity improvement. The software supports PPE compliance, equipment safety checks, and hazard detection. It also facilitates defect detection, queue optimization, and inventory management.
Key facts about Assert AI
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $7.12M
- Employee Count: 52 as on May 31, 2026
- Investors: MIT WPU TBI, Arya.ag and 11 Others
- Latest Funding Round: Series A, Apr 26, 2024, $*****
- Highlight: Editors' Pick
2. Olee
Manufacturer of laser communication systems and directed energy weapon hardware. These systems facilitate secure data transmission through free-space optical links for various operational environments. The hardware includes directed energy components designed for neutralizing aerial and orbital threats. Additionally, the technology supports wireless power transfer capabilities for remote energy delivery to unmanned platforms. These optical systems provide alternatives to traditional radio frequency communications by utilizing light-based transmission methods for tactical and strategic applications.
Key facts about Olee
- Founded Year: 2023
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $3.5M
- Employee Count: 10 as on Aug 31, 2026
- Investors: SIDBI, Warmup Ventures and 11 Others
- Latest Funding Round: Seed, Jul 03, 2025, $*****
- Highlight: Editors' Pick
3. Manastik
AI-powered platform providing comprehensive dementia care and support services. This platform offers resources and support for individuals and families navigating dementia. It employs a lifestyle management approach, empowering patients with tools and strategies to enhance their quality of life. Key features include dementia progress tracking, personalized guidance, and remote cognitive assessment. The platform provides A.I. based neuro rehab, music therapy, physio, brain games, yoga, meditation, and medicine reminders. It also offers doctor-side features such as targeted evaluation, remote testing, patient report database, rehab routine setup, and progress tracking. It is a Teleneurology and Teleneurorehabilitation online platform using DADT technology (Dementia Application and Diagnosis & Tracking). It connects neurologists, developers, healthcare professionals, and caregivers, creating innovative solutions for the dementia community. This platform aims to bridge the gap between technology and neurology, offering a one-stop solution for dementia patients and caregivers.
Key facts about Manastik
- Founded Year: 2021
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Funding Raised
- Employee Count: 86 as on Apr 30, 2025
- Investors: BIRAC, Startup Incubation and Innovation Centre and 2 Others
AI-based EHR management tool for healthcare professionals. The company has developed an online solution that assists with e-prescription management, voice-based translation, record management, and more. The cloud-based tool also has features for workflow management.
Key facts about Jatayu Healthcare Technologies
Internet-first brand offering eco-friendly sanitary pads for women. The pads are made from plant fibers and biodegradable absorbent powder. The company claims that the product is plastic and chemical free and can be dissolved in hot water.
Key facts about Cresa Greentech
- Founded Year: 2021
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $30K
- Employee Count: 4 as on Aug 31, 2026
- Investors: HDFC Bank, Maharashtra State Innovation Society and 4 Others
- Latest Funding Round: Grant (prize money), Mar 2025, $*****
MIT WPU TBI's Year-on-Year Investment Trends
MIT WPU TBI has invested in 36 companies over the last 3 years, with an average of 0 new investment annually in the last 3 years. Its most recent first time investment was in Cresa Greentech and most recent follow-on round was in FinStack.MIT WPU TBI's Investments by Stage
MIT WPU TBI has made 3 investments in Seed stage with an average round size of $42.1K and 1 investment in Grant (prize money) stage.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
MIT WPU TBI's Investments by Sector
MIT WPU TBI has a diverse portfolio, with companies operating in the Aerospace, Maritime and Defense Tech, High Tech, Retail, Consumer and Consumer Goods. Notably, it has invested in 20 Tech companies, 16 Enterprise (B2B) companies, 9 Software companies and at least 8 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Aerospace, Maritime and Defense Tech | 2 |
High Tech | 2 |
Retail | 2 |
Consumer | 1 |
Consumer Goods | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
MIT WPU TBI's Investments by Geography
MIT WPU TBI has made most investments in India (4).MIT WPU TBI's recent investments
MIT WPU TBI has not made any investment in 2026 so far.Here are the most recent investments by MIT WPU TBI:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 24, 2023 | India | Seed | 7706 | - | |
Aug 05, 2023 | India | Grant (prize money) | 2658 | ||
Aug 05, 2023 | India | Seed | 7087 | - | |
Aug 05, 2023 | India | Seed | 7834 | ||
- | India | Seed | 3265 | - |
Team profile of MIT WPU TBI
MIT WPU TBI has a team of 24 members including 4 Partners and 1 Principal located in India. MIT WPU TBI's team does not sit on the board of any company as of now.Here is a list of top team members in MIT WPU TBI:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Pune | - | - | |
Partner | Pune | - | - | |
Partner | - | - | - | |
Partner | Pune | - | - | |
Principal | Pune | - |
Co-investors of MIT WPU TBI
Over the past 3 years, 21 investors have co-invested in MIT WPU TBI's portfolio companies. This includes funds and angels.
- Invested before MIT WPU TBI: Dana, Nidhi-Prayas and 2 others have invested in rounds before MIT WPU TBI. There is 1 company where Dana has invested before MIT WPU TBI and 1 company where Nidhi-Prayas has invested before MIT WPU TBI.
- Top Co-investors of MIT WPU TBI: 3 investors entered a company along with MIT WPU TBI. These include investors like Sunder Ram Nookala (1 company).
- Invested after MIT WPU TBI: A total of 14 investors have invested in MIT WPU TBI's portfolio after their investments. Top Investors include Rockstud Capital (1 company) and IIMA Ventures (1 company).
