About SINE
SINE, an accelerator and incubator program founded in 2004, is based in Mumbai, India. With a presence in 9 countries, it has supported around 425 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, SINE has witnessed 13 portfolio exits. Most notable companies in
its portfolio include Siemens, Seclore and Atomberg. The program is backed by a team of 39 people who primarily support Seed startups based in India. Its latest investment was a $524K Seed round in BAAS Technologies on Jul 09, 2026 along with Inflection Point Ventures.
Key Metrics
Founded Year
2004
Location
Mumbai, India
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Locations of Investment
SINE's List of Top Investments
SINE has a portfolio of 425 companies. Their most notable investments are in MyoWorks and iKuber.Their portfolio spans across India, United States, Australia and 6 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 36 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by SINE:1. Siemens
Provider of industrial automation, electrification, and digitalization technology solutions. The company develops advanced software and hardware systems that combine the real and digital worlds to enhance efficiency in manufacturing, infrastructure, and transport. Its offerings include industrial artificial intelligence, digital twin technology, and software-defined automation tools designed to optimize building operations, energy management, and product lifecycle processes. By integrating data-driven insights with engineering expertise, the company supports the transition toward sustainable and resilient industrial operations across various sectors.
Key facts about Siemens
- Founded Year: 1847
- Location: Munich (Germany)
- Annual Revenue: €1B+ as on Sep 30, 2025
- Stage: Public
- Employee Count: 278,194 as on Sep 30, 2026
- Investors: Jindal Ventures, Bluefish Capital and 11 Others
- Latest Funding Round: Grant (prize money), Aug 01, 2024, $*****
- Highlight: Public
2. Seclore
Provider of data-centric security software for preventing data theft and compliance. The platform facilitates discovery, classification, protection, monitoring, and tracking of sensitive digital assets. It offers digital asset classification, enterprise digital rights management, and risk insights. The platform provides APIs, SDKs, and email encryption. It integrates with data loss prevention, cloud access security brokers, and SIEM tools.
Key facts about Seclore
- Founded Year: 2008
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $51.8M
- Employee Count: 332 as on Aug 31, 2025
- Investors: Helion Venture Partners, Trifecta Capital and 39 Others
- Latest Funding Round: Series D, Oct 15, 2025, $*****
- Highlight: Editors' Pick

3. Atomberg
Manufacturer of energy efficient ceiling fans kitchen appliances smart locks. The company specializes in energy-efficient smart home appliances like BLDC ceiling fans, mixer grinders, water purifiers, and more. These appliances utilize motor technology designed to reduce power consumption during operation. The product range covers household cooling, food preparation, and home security requirements.
Key facts about Atomberg
- Founded Year: 2012
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $119M
- Employee Count: 1,045 as on Mar 31, 2026
- Investors: Steadview, Temasek and 25 Others
- Latest Funding Round: Series C, Oct 17, 2025, $*****
- Highlight: Editors' Pick
Manufacturer of uncrewed aerial systems for military and civilian applications. These systems include hybrid multi-rotor aircraft, tethered electric platforms, and loitering munitions. The technology incorporates intelligent mesh networks and autonomous ground interdiction capabilities. These platforms support parallel task execution and dynamic retasking for various operational requirements.
Key facts about Newspace Research and Technologies
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $87.1M
- Employee Count: 532 as on Apr 30, 2026
- Investors: 360 One, Trifecta Capital and 100 Others
- Latest Funding Round: Series B, Aug 01, 2024, $*****
- Highlight: Editors' Pick

5. SEDEMAC
Manufacturer of motor vehicle parts and systems. Its product portfolio includes sensorless integrated starter generators, ECUs for fuel injection, smart ignition, voltage regulators, battery management systems, connectivity devices, generator controllers, and battery chargers. It supplies critical-to-the-application control products in large volumes, from in-house lines, to leaders of large markets.
Key facts about SEDEMAC
- Founded Year: 2007
- Location: Pune (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $26.2M
- Employee Count: 518 as on May 31, 2026
- Investors: Nexus Venture Partners, 360 One and 26 Others
- Latest Funding Round: Angel, Sep 01, 2025, $*****
- Highlight: Public
SINE's Year-on-Year Investment Trends
SINE has invested in 425 companies over the last 12 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in BAAS Technologies and most recent follow-on round was in BAAS Technologies.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 3 | 3 |
2025 | 12 | 4 | 16 |
2024 | 4 | 8 | 12 |
2023 | 10 | 10 | 20 |
2022 | 0 | 6 | 6 |
2021 | 4 | 8 | 12 |
2020 | 9 | 4 | 13 |
2019 | 15 | 6 | 21 |
2018 | 8 | 4 | 12 |
2017 | 13 | 2 | 15 |
SINE's Investments by Stage
SINE has made 84 investments in Seed stage with an average round size of $172K and 2 investments in Grant (prize money) stage with an average round size of $72.1K.Stage of entry | No. of Investments |
|---|---|
Seed | 84 |
Grant (prize money) | 2 |
Note: We have considered here, only first round of investments
SINE's Investments by Sector
SINE has a diverse portfolio, with companies operating in the High Tech, Life Sciences, Sustainability Tech, Enterprise Applications and HealthTech. Notably, it has invested in 287 Tech companies, 273 Enterprise (B2B) companies, 132 Software companies and at least 119 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 36 |
Life Sciences | 20 |
Sustainability Tech | 20 |
Enterprise Applications | 19 |
HealthTech | 17 |
Others | 125 |
Note: We have considered here, only first round of investments
SINE's Investments by Geography
SINE has made most investments in India (85), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 85 |
United States | 1 |
Note: We have considered here, only first round of investments
SINE's recent investments
SINE has made 3 investments in 2026 so far. BAAS Technologies and Boltzmann are the latest among them.Here are the most recent investments by SINE:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 09, 2026 | India | Seed | 8744 | ||
Mar 26, 2026 | India | Seed | 1876 | - | |
Feb 02, 2026 | India | Seed | 5845 | - | |
Nov 22, 2025 | India | Seed | 3728 | ||
Nov 21, 2025 | India | Seed | 9672 | - |
IPOs and Publicly Listed companies in SINE's Portfolio
5 of SINE's portfolio companies have become public. SEDEMAC got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Mar 2026 at marketcap of $650M and ideaForge got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $339M.Here are SINE's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 11, 2026 | - | - | 1222 | |
Jul 07, 2023 | - | - | 9030 | |
Sep 05, 2019 | Feb 25, 2016 | Seed | 4749 | |
Jul 14, 1995 | - | - | 9560 | |
Jun 28, 1962 | - | - | 8564 |
Acquired companies in SINE's Portfolio
8 companies from SINE's portfolio have been acquired. The most recent acquisition was Elcome in Nov 2025 by Syrma SGS for $*****.Here are SINE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 11, 2025 | - | - | 8555 | |
Jun 14, 2022 | - | - | 8940 | |
Nov 11, 2021 | Nov 07, 2017 | Seed | 7730 | |
Nov 11, 2021 | Nov 07, 2017 | Seed | 4219 | |
Jun 01, 2019 | - | - | 7984 |
Team profile of SINE
SINE has a team of 39 members including 10 Partners, 3 Venture Partners and 7 Principals located in India. SINE's team sits on the board of 9 companies.Here is a list of top team members in SINE:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | Unacademy, KFin Technologies and 7 more | ||
Partner | Mumbai | - | ||
Partner | Mumbai | - | ||
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - | |
Partner | Mumbai | - | - |
Co-investors of SINE
Over the past 12 years, 899 investors have co-invested in SINE's portfolio companies. This includes funds and angels.
- Invested before SINE: Startup Karnataka, Subu Goparaju and 263 others have invested in rounds before SINE. There are 2 companies where Startup Karnataka has invested before SINE and 1 company where Subu Goparaju has invested before SINE.
- Top Co-investors of SINE: 110 investors entered a company along with SINE. These include investors like HPCL (2 companies).
- Invested after SINE: A total of 524 investors have invested in SINE's portfolio after their investments. Top Investors include Inflection Point Ventures (3 companies) and IIT Bombay (3 companies).
Recent News related to SINE
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BAAS Technologies Secures INR 5 Crore in Pre-Seed Funding Led by Inflection Point VenturesStartupTalky•Jul 09, 2026•Inflection Point Ventures, BAAS Technologies, SINE
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Ansys & Sine, Iit Bombay Collaborate For Tech Startups AccelerationBusinessnewsthisweek•Jun 11, 2024•Ansys, SINE
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Endimension Technology Raises INR 6 Crore in Pre-Series A through IPVPeter K Automotive Ltd•Apr 25, 2024•Endimension, Inflection Point Ventures, SucSEED Indovation, Inflection Point Ventures and 1 other
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Torus Robotics raises $470K seed round from TNIFMCEntrackr•Feb 07, 2024•TNIFMC, Torus Robotics, Forge, innovation-forge.com and 3 others
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Drone Major ideaForge Raises INR 60 Cr In Pre-IPO RoundInc42•Jun 15, 2023•ideaForge, Tata AIG General Insurance, Motilal Oswal Asset Management Company, Think Investments and 26 others
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Drone maker ideaForge Technology files IPO papers with SEBIThe Hindu•Feb 11, 2023•ideaForge, A&E Investments, Celesta Capital, Exim Bank and 2 others
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ISS India aims for growth through Innovation and Technology Partnerships; Recent MoU with SINE IIT Bombay to support start-upsAsian News International•Jan 27, 2023•ISS FS Integrated Solutions, SINE
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Microsoft, IIT Bombay, SINE join hands to empower startups in technology and digital domainsbgr.in•Nov 24, 2022•Microsoft, IIT Bombay, SINE
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Bidgely Selected as the Technology Service Provider for Energy Theft Solution by Ministry of Power, Govt of IndiaBusiness Wire India•Aug 22, 2022•Bidgely, REC, Ministry of Power, SINE
