About Riidl
Riidl, an accelerator and incubator program founded in 2010, is based in Mumbai, India. With a presence in 3 countries, it has supported around 91 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, Riidl has witnessed 2 portfolio exits. Most notable companies in
its portfolio include Miko, Swipe and Pocketly. The program is backed by a team of 16 people who primarily support Seed startups based in India. Its latest investment was a $14.3K Grant (prize money) round in KriSHE Carbon on Mar 2025 along with OmniActive.
Riidl's List of Top Investments
Riidl has a portfolio of 91 companies. Their most notable investments are in Offee and Offee.Their portfolio spans across India, United States and Italy. They have invested in High Tech, Enterprise Applications, HealthTech and 28 other sectors, across stages such as Seed, Grant (prize money) and 1 more. Here is the list of top investments by Riidl:1. Miko
Developer of AI-powered educational robots for children. These intelligent devices provide interactive learning experiences designed to engage and entertain young users through conversational artificial intelligence and robotics. The technology focuses on fostering creativity, critical thinking, and problem-solving skills in a safe, age-appropriate environment. By integrating advanced hardware with adaptive software, the robots offer a platform for educational play that supports developmental growth and curiosity.
Key facts about Miko
- Founded Year: 2015
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $99.5M
- Employee Count: 228 as on May 31, 2026
- Investors: Chiratae Ventures, 360 One and 121 Others
- Latest Funding Round: Series D, Sep 21, 2026, $*****
- Highlight: Editors' Pick

2. Swipe
SaaS-based billing and accounting solutions for SMEs. It offers a solution that enables the creation and sharing of GST compliant invoices, sales tracking, real-time purchases and estimates, inventory management, and more. It also provides GST filing with multiple GST reports, links, and QR codes for payment acceptance, business analytics, and more.
Key facts about Swipe
- Founded Year: 2021
- Location: Hyderabad (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.05M
- Employee Count: 17 as on Jan 31, 2025
- Investors: Global Founders Capital, Locus Ventures and 14 Others
- Latest Funding Round: Seed, Feb 11, 2022, $*****
- Highlight: Editors' Pick
3. Pocketly
Provider of short-term personal loans to young professionals. It offers a fully digital application process with minimal Know Your Customer (KYC) requirements. Loans are designed to be affordable and flexible, with various repayment options available. The company emphasizes a simple and user-friendly application process, aiming to provide quick access to credit for immediate financial needs. It also features a referral program and provides 24/7 online support. The platform allows users to manage their loans and track repayments through a mobile application.
Key facts about Pocketly
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.83M
- Employee Count: 395 as on Aug 31, 2025
- Investors: Dholakia Ventures, Prophetic Ventures and 31 Others
- Latest Funding Round: Seed, Aug 01, 2024, $*****
- Highlight: Editors' Pick
Developer of virtual reality and gaming-based systems for mobility rehabilitation. The company offers portable systems designed to evaluate, assist, strengthen, and engage patients through unique exercises. These systems focus on improving balance, coordination, and stability using static and dynamic training modes. The products provide graphical tracking of the recovery cycle.
Key facts about Rymo Technologies
5. INDRA
Manufacturer of decentralized wastewater treatment systems using electrochemical technology. The company provides modular systems for industrial and municipal wastewater treatment. Its technology offers solutions for applications including industrial wastewater, sewage, and zero liquid discharge. The company also provides separation and intelligence layers to complete the ecosystem.
Key facts about INDRA
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $4.28M
- Employee Count: 63 as on Feb 28, 2025
- Investors: Peak Sustainability Ventures, Mela Ventures and 24 Others
- Latest Funding Round: Series A, Feb 07, 2023, $*****
- Highlight: Editors' Pick
Riidl's Year-on-Year Investment Trends
Riidl has invested in 91 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in KriSHE Carbon and most recent follow-on round was in Offee.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 5 | 2 | 7 |
2022 | 5 | 0 | 5 |
2021 | 5 | 1 | 6 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Riidl's Investments by Stage
Riidl has made 18 investments in Seed stage with an average round size of $87.7K, 1 investment in Grant (prize money) stage with an average round size of $14.3K and 1 investment in Series C stage with an average round size of $10.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Grant (prize money) | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
Riidl's Investments by Sector
Riidl has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Sustainability Tech, Environment Tech and Food and Agriculture Tech. Notably, it has invested in 58 Tech companies, 37 Consumer (B2C) companies, 34 Enterprise (B2B) companies and at least 28 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
High Tech | 7 |
Sustainability Tech | 7 |
Environment Tech | 5 |
Food and Agriculture Tech | 4 |
Others | 29 |
Note: We have considered here, only first round of investments
Riidl's Investments by Geography
Riidl has made most investments in India (19), followed by United States where it has made 2 investments.Country | No. of Investments |
|---|---|
India | 19 |
United States | 2 |
Note: We have considered here, only first round of investments
Riidl's recent investments
Riidl has not made any investment in 2026 so far.Here are the most recent investments by Riidl:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 2025 | India | Grant (prize money) | 6248 | ||
Jun 06, 2024 | India | Seed | 5482 | ||
Jul 07, 2023 | India | Seed | 9474 | ||
May 05, 2023 | India | Seed | 4119 | [+5] | |
Mar 30, 2023 | India | Seed | 2646 |
Acquired companies in Riidl's Portfolio
2 companies from Riidl's portfolio have been acquired. The most recent acquisition was Square Off in Oct 2022 by Miko for $*****.Here are Riidl's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 05, 2022 | Jul 26, 2017 | Seed | 9485 | |
Nov 08, 2021 | - | - | 1417 |
Team profile of Riidl
Riidl has a team of 16 members including 3 Principals located in India. Riidl's team does not sit on the board of any company as of now.Here is a list of top team members in Riidl:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Principal | Mumbai | - | ||
Principal | Mumbai | - | - | |
Principal | Mumbai | - | - |
Co-investors of Riidl
Over the past 9 years, 248 investors have co-invested in Riidl's portfolio companies. This includes funds and angels.
- Invested before Riidl: 100X.VC, Chiratae Ventures and 83 others have invested in rounds before Riidl. There are 3 companies where 100X.VC has invested before Riidl and 1 company where Chiratae Ventures has invested before Riidl.
- Top Co-investors of Riidl: 43 investors entered a company along with Riidl. These include investors like India Quotient (2 companies).
- Invested after Riidl: A total of 120 investors have invested in Riidl's portfolio after their investments. Top Investors include Kunal Shah (2 companies) and India Accelerator (2 companies).
Recent News related to Riidl
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HDFC Life and riidl Somaiya Vidyavihar Collaborate for Futurance Phase 6 ‘Demo Day’Businessnewsthisweek•Nov 07, 2024•HDFC Life, Riidl
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JITO, BIA, and Riidl led Rs 5.25 Cr secured by edtech startup OffeeIncubees•Dec 29, 2023•Offee, JITO Incubation & Innovation Foundation, Riidl, Biaindia
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Edtech Startup Offee Secures Rs5.25cr From JITO, JIIF, OthersViestories•Nov 08, 2023•Biaindia, Riidl, JITO Incubation & Innovation Foundation, Offee
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Ed-Tech startup Offee raises Rs 5.25 crore in funding; aims to revolutionise digital examsFinancial Express•Nov 08, 2023•Offee, JITO Incubation & Innovation Foundation, Biaindia, Riidl
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Community marketing SaaS startup Serri raises pre-Seed roundEntrackr•May 05, 2023•Serri, Riidl, Shiru, Deshpande Startups and 1 other
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Microlending Platform Pocketly Raises Undisclosed FundingThe Startup Lab•Jul 06, 2021•Pocketly, Prophetic Ventures, Dholakia Ventures, Riidl and 2 others
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Edtech startup MicroDegree raises undisclosed sum from RIIDL and othersYourStory•Jun 23, 2021•MicroDegree, Riidl
