About ML Elevate
ML Elevate is an accelerator and incubator program based in Bengaluru, India. With a presence in 2 countries, it has supported around 23 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, ML Elevate has witnessed 1 portfolio exit. Most notable companies in
its portfolio include 30 Sundays, Pibit AI and Floworks. The program primarily supports Grant (prize money) startups based in India. Its latest investment was a $200K Grant (prize money) round in Boltzmann on Sep 28, 2023.
Key Metrics
Location
Bengaluru, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money) & Seed
Locations of Investment
ML Elevate's List of Top Investments
ML Elevate has a portfolio of 23 companies. Their most notable investmentis in Truefy AITheir portfolio spans across India and United States. They have invested in Enterprise Applications, High Tech, Retail and 8 other sectors, across stages such as Grant (prize money), Seed stages. Here is the list of top investments by ML Elevate:1. 30 Sundays
Provider of customized international travel itineraries for romantic couple vacations. The service offers personalized trip planning, including the selection of accommodations, activities, and transportation arrangements. An automated analysis tool evaluates existing travel plans to provide feedback on feasibility and quality. The platform focuses on creating curated experiences for couples by vetting hotels and activities to ensure alignment with specific travel preferences. All travel documentation, including vouchers and tickets, is consolidated within a digital interface to assist with trip management.
Key facts about 30 Sundays
- Founded Year: 2022
- Location: Gurugram (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.73M
- Employee Count: 172 as on Mar 31, 2026
- Investors: Info Edge Ventures, First Cheque and 14 Others
- Latest Funding Round: Series A, May 27, 2026, $*****
- Highlight: Editors' Pick
2. Pibit AI
AI-powered underwriting platform for commercial property and casualty insurance. The platform transforms unstructured data into actionable insights for risk assessment. It streamlines the underwriting process by analyzing loss runs, MVRs, supplements, and third-party data. The platform categorizes coverage and accident descriptions to enable precise risk evaluation.
Key facts about Pibit AI
- Founded Year: 2020
- Location: San Francisco (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $7.64M
- Employee Count: 51 as on Aug 31, 2025
- Investors: Stellaris Venture Partners, Startup Reseau and 11 Others
- Latest Funding Round: Series A, Jun 27, 2025, $*****
- Highlight: Editors' Pick
3. Floworks
Cloud-based RPA platform for basic automation. The platform enables online businesses to track, analyze and automate operations running over WhatsApp. It offers AI assistants for the sales team. It enables clients to manage all their customer and vendor processes like payments, orders, and logistics. It helps with collaboration among teams and stakeholders. It enables clients to automate conversations in various languages through the B2B chatbot.
Key facts about Floworks
4. Gnani
Developer of speech and language models for enterprise voice applications. The platform provides tools for speech-to-text, text-to-speech, and voice agents designed for telephonic environments. These models support multiple languages and are trained on large datasets of real-world audio. The technology enables automated customer interactions, voice biometrics, and conversation analytics for various industries. Deployments are supported across cloud, private cloud, and on-premise environments to meet regulatory requirements.
Key facts about Gnani
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $23.8M
- Employee Count: 213 as on May 31, 2026
- Investors: Deep Learning, Samsung Venture Investment and 23 Others
- Latest Funding Round: Series B, Jul 10, 2026, $*****
- Highlight: Editors' Pick
5. Rocket
Developer of software for market research and automated application building. This system provides tools for analyzing market data, generating business recommendations, and creating web or mobile applications. It includes features for monitoring competitor activities and integrating with external software systems to facilitate automated workflows. The technology enables the deployment of digital tools and internal dashboards through natural language prompts.
Key facts about Rocket
- Founded Year: 2021
- Location: Surat (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $25.2M
- Employee Count: 1,669 as on Dec 31, 2025
- Investors: Salesforce Ventures, India Quotient and 21 Others
- Latest Funding Round: Series B, Sep 13, 2025, $*****
- Highlight: Editors' Pick
ML Elevate's Year-on-Year Investment Trends
Its most recent first time investment was in Boltzmann.ML Elevate's Investments by Stage
ML Elevate has made 2 investments in Grant (prize money) stage with an average round size of $200K and 2 investments in Seed stage.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 2 |
Seed | 2 |
Note: We have considered here, only first round of investments
ML Elevate's Investments by Sector
ML Elevate has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Artificial Intelligence - Industry Applications, Consumer and Big Data - Industry Applications. Notably, it has invested in 23 Tech companies, 20 Enterprise (B2B) companies, 20 Software companies and at least 15 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
High Tech | 3 |
Artificial Intelligence - Industry Applications | 2 |
Consumer | 2 |
Big Data - Industry Applications | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
ML Elevate's Investments by Geography
ML Elevate has made most investments in India (3), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 3 |
United States | 1 |
Note: We have considered here, only first round of investments
ML Elevate's recent investments
ML Elevate has not made any investment in 2026 so far.Here are the most recent investments by ML Elevate:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 28, 2023 | India | Grant (prize money) | 7459 | - | |
Sep 28, 2023 | India | Grant (prize money) | 7159 | - | |
Feb 10, 2023 | India | Seed | 2285 | - | |
Oct 31, 2022 | United States | Seed | 5755 | - |
Acquired companies in ML Elevate's Portfolio
1 company from ML Elevate's portfolio has been acquired. The most recent acquisition was Dubverse in Apr 2026 by Exotel for $*****.Here are ML Elevate's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 08, 2026 | - | - | 7868 |
Co-investors of ML Elevate
Over the past 4 years, 55 investors have co-invested in ML Elevate's portfolio companies. This includes funds and angels.
- Invested before ML Elevate: Y Combinator, Madala Vineeth and 18 others have invested in rounds before ML Elevate. There is 1 company where Y Combinator has invested before ML Elevate and 1 company where Madala Vineeth has invested before ML Elevate.
- Invested after ML Elevate: A total of 35 investors have invested in ML Elevate's portfolio after their investments. Top Investors include Stellaris Venture Partners (1 company) and Arali Ventures (1 company).
Recent News related to ML Elevate
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42Maru selected as ‘AWS ML Elevate – Generative AI Edition’Venture Square•Oct 13, 2023•42Maru, ML Elevate
