About RTBI
RTBI, an accelerator and incubator program founded in 2006, is based in Chennai, India. With a presence in 3 countries, it has supported around 179 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, RTBI has 1 unicorn under its belt and has witnessed 5 portfolio exits. Most notable companies in
its portfolio include Ather Energy, MediBuddy and HyperVerge. The program is backed by a team of 1 people who primarily support Seed startups based in India. Its latest investment was a $476K Seed round in Onlygood on Oct 10, 2024, which also saw participation from Goel Group and Daimler Trucks Asia.
RTBI's List of Top Investments
RTBI has a portfolio of 179 companies, one of which is a Unicorn. Their most notable investments are in Onlygood and Log9.Their portfolio spans across India, United States and Netherlands. They have invested in Enterprise Applications, High Tech, Environment Tech and 30 other sectors, across stages such as Seed, Grant (prize money) and 3 more. Here is the list of top investments by RTBI:
1. Ather Energy
Manufacturer of smart electric scooters with connected software, charging infrastructure, and ecosystem services. Its product lineup includes models like the Ather 450 series and Rizta, supported by a connected software platform that enables navigation, ride intelligence, diagnostics, and over-the-air updates. It operates an integrated EV ecosystem that includes fast-charging infrastructure, smart accessories such as connected helmets, and Battery-as-a-Service (BaaS) models that reduce upfront ownership costs. It also provides digital services like ride analytics, smart dashboard features, and charging network access to enhance user experience.
Key facts about Ather Energy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $502M
- Employee Count: 1,917 as on Mar 31, 2026
- Investors: ADIA, HDFC Mutual Fund and 40 Others
- Latest Funding Round: Post IPO, Jul 21, 2026, $*****
- Highlight: Public
2. MediBuddy
Provider of health checks lab tests medicine and doctor consultations. This entity facilitates access to diagnostic laboratory testing and medical examinations. It enables the procurement of pharmaceutical products and provides digital platforms for remote medical professional consultations.
Key facts about MediBuddy
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $199M
- Employee Count: 1,783 as on Apr 30, 2026
- Investors: Quadria Capital, InvAscent and 70 Others
- Latest Funding Round: Series C, Jan 05, 2026, $*****
- Highlight: Acquired
3. HyperVerge
Provider of end-to-end KYC software and identity verification solutions. The company offers a platform to launch onboarding journeys, while remaining compliant. It provides modules, APIs, a no-code workflow builder, analytics dashboard, and integrations marketplace. The company's services include identity verification, video KYC, OCR software, face authentication, and anti-money laundering. It also offers solutions for digital KYC stack, KYB/entity verification, financial data validation, onboarding face validations, AML, and digital signature.
Key facts about HyperVerge
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $1.55M
- Employee Count: 392 as on Sep 30, 2026
- Investors: IKP Knowledge Park, Dallas Venture Capital and 6 Others
- Latest Funding Round: Seed, Aug 18, 2015, $*****
- Highlight: Editors' Pick
4. Log9
Online platform offering advanced battery technology solutions for electric vehicles. It is an innovative nanotechnology company specializing in the production of graphene based materials and the development of advanced battery solutions.
Key facts about Log9
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $90.3M
- Employee Count: 254 as on Sep 30, 2026
- Investors: Innoven Capital, Trifecta Capital and 79 Others
- Latest Funding Round: Angel, May 10, 2024, $*****
- Highlight: Editors' Pick
5. QNu Labs
Provider of quantum cryptography solutions, key distribution, random number generation. It offers quantum key distribution for secure cryptographic keys and quantum random number generators. It provides post-quantum cryptography algorithms resistant to quantum attacks. It delivers quantum-safe virtual private networks, secure tunnels, and messaging services.
Key facts about QNu Labs
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $43.3M
- Employee Count: 118 as on Aug 31, 2025
- Investors: DSP Mutual Fund, Cisco and 103 Others
- Latest Funding Round: Series A, Sep 09, 2026, $*****
- Highlight: Editors' Pick
RTBI's Year-on-Year Investment Trends
RTBI has invested in 179 companies over the last 18 years, with an average of 3 new investments annually in the last 10 years. Its most recent first time investment was in Onlygood and most recent follow-on round was in Log9.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 0 | 1 | 1 |
2022 | 3 | 0 | 3 |
2021 | 0 | 0 | 0 |
2020 | 4 | 0 | 4 |
2019 | 8 | 1 | 9 |
2018 | 5 | 0 | 5 |
2017 | 4 | 0 | 4 |
RTBI's Investments by Stage
RTBI has made 39 investments in Seed stage with an average round size of $1.03M, 2 investments in Grant (prize money) stage, 1 investment in Angel stage with an average round size of $92.8K, 1 investment in Series A stage with an average round size of $1.1M and 1 investment in Series B stage with an average round size of $20.9M.Stage of entry | No. of Investments |
|---|---|
Seed | 39 |
Grant (prize money) | 2 |
Angel | 1 |
Series A | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
RTBI's Investments by Sector
RTBI has a diverse portfolio, with companies operating in the High Tech, Sustainability Tech, Enterprise Applications, Environment Tech and Auto Tech. Notably, it has invested in 120 Tech companies, 116 Enterprise (B2B) companies, 69 Software companies and at least 54 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 14 |
Sustainability Tech | 12 |
Enterprise Applications | 11 |
Environment Tech | 9 |
Auto Tech | 7 |
Others | 62 |
Note: We have considered here, only first round of investments
RTBI's Investments by Geography
RTBI has made most investments in India (44), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 44 |
United States | 3 |
Note: We have considered here, only first round of investments
RTBI's recent investments
RTBI has not made any investment in 2026 so far.Here are the most recent investments by RTBI:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 10, 2024 | India | Seed | 3768 | [+1] | |
Jun 2024 | India | Grant (prize money) | 3372 | - | |
Jan 17, 2023 | India | Series B | 4762 | [+22] | |
Oct 13, 2022 | India | Seed | 6572 | [+20] | |
Sep 09, 2022 | India | Seed | 5449 | [+12] |
Unicorns in RTBI's Portfolio
RTBI has 1 unicorn in its portfolio - Uniphore. The most recent unicorn in their portfolio is Uniphore which became a unicorn in 2022, 13 years after RTBI first invested in it.Here is a list of unicorns in RTBI's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Provider of a business artificial intelligence platform with agentic and model layers | 2008 | Palo Alto | Series F | nwwdeap |
IPOs and Publicly Listed companies in RTBI's Portfolio
1 of RTBI's portfolio company became public - Ather Energy. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in May 2025 at marketcap of $1.42BHere are RTBI's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 06, 2025 | Feb 2014 | Seed | 9414 |
Acquired companies in RTBI's Portfolio
4 companies from RTBI's portfolio have been acquired. The most recent acquisition was Grinntech in Feb 2025 by Yuma Energy for $*****.Here are RTBI's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 20, 2025 | 2018 | Seed | 3911 | |
Sep 29, 2022 | - | - | 8968 | |
Apr 27, 2021 | Apr 01, 2014 | Seed | 8154 | |
Jun 04, 2020 | - | - | 6190 |
Team profile of RTBI
RTBI has a team of 1 member located in India. RTBI's team does not sit on the board of any company as of now.Co-investors of RTBI
Over the past 18 years, 562 investors have co-invested in RTBI's portfolio companies. This includes funds and angels.
- Invested before RTBI: Villgro, New Enterprise Associates and 109 others have invested in rounds before RTBI. There are 2 companies where Villgro has invested before RTBI and 1 company where New Enterprise Associates has invested before RTBI.
- Top Co-investors of RTBI: 100 investors entered a company along with RTBI. These include investors like Anicut Capital (2 companies).
- Invested after RTBI: A total of 351 investors have invested in RTBI's portfolio after their investments. Top Investors include Hero MotoCorp (2 companies) and Stride Ventures (2 companies).
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