When was Smile Group founded?

Smile Group was founded in 1999.

Where is Smile Group's headquarters located?

Smile Group's headquarters is located in Gurugram (India).

How big is Smile Group's investment team?

Smile Group has a team of 31, including 23 partners.

How many companies has Smile Group invested in?

Smile Group has invested in 87 companies, including Swiggy & Airbnb.

Which companies has Smile Group invested in lately?

Sign3 & Puresta are the latest investments by Smile Group.

How many exits has Smile Group been involved in?

Smile Group's portfolio has seen 13 IPOs and 16 acquisitions.

How many unicorns are there in Smile Group's portfolio?

There are 7 unicorns in Smile Group's portfolio.

Smile Group - 2026 Investor Profile, Portfolio, Team & Investment Trends

Smile Group, an accelerator and incubator program founded in 1999, is based in Gurugram, India. With a presence in 10 countries, it has supported around 87 startups in sectors like Enterprise Applications, Consumer. As of Oct 2026, Smile Group has 7 unicorns under its belt and has witnessed 29 portfolio exits. Most notable companies in its portfolio include Swiggy, Airbnb and Lyft. The program is backed by a team of 31 people who primarily support Seed startups based in India. Its latest investment was a $1.5M Seed round in Sign3 on Mar 30, 2026, which also saw participation from Cedar Hill Capital (formerly Cedar-IBSi Capital) and Rajesh Sawhney.

Key Metrics

Founded Year

1999

Location

Gurugram, India

Portfolio Companies

Swiggy, Airbnb & 85 more

Sectors of Investment

Enterprise Applications, Consumer & 27 more

Stages of Investment

Seed, Series A & 5 more

Locations of Investment

India, United States & 8 more

Unicorn in Portfolio

Waabi, Rapido & 5 more

View Smile Group's full profile

Smile Group has a portfolio of 87 companies, including 7 unicorns. Their most notable investments are in Mimmo Organics and Assembly.Their portfolio spans across India, United States, Singapore and 7 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 26 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Smile Group:

1. Swiggy

Online platform that enables users to order food, groceries, and dining‑out options. It coordinates pickup and delivery services for a wide range of restaurants and retail partners.

Key facts about Swiggy

Founded Year: 2013
Location: Bengaluru (India)
Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
Stage: Public
Total Funding till date: $3.62B
Employee Count: 4,488 as on Mar 31, 2025
Investors: Harmony Partners, Harmony Venture Partners and 90 Others
Latest Funding Round: Post IPO, Dec 12, 2025, $*****
Highlight: Public

2. Airbnb

Provider of accommodations, experiences, and related services through an online platform. The platform facilitates connections between hosts and individuals seeking lodging and activities. It offers a variety of options for stays and curated experiences. The platform also provides resources for individuals interested in becoming hosts.

Key facts about Airbnb

Founded Year: 2008
Location: San Francisco (United States)
Annual Revenue: $1B+ as on Dec 31, 2025
Stage: Public
Total Funding till date: $3.07B
Employee Count: 72,846 as on Sep 30, 2026
Investors: Silver Lake, 2020 Ventures and 169 Others
Latest Funding Round: Series E, Apr 06, 2020, $*****
Highlight: Public

3. Lyft

Network facilitating on-demand transportation and ride scheduling services for individuals. It provides options for immediate rides, scheduled pickups, and various vehicle types. The network offers programs for business transportation needs. It also focuses on safety measures and community support initiatives.

Key facts about Lyft

Founded Year: 2007
Location: San Francisco (United States)
Stage: Public
Total Funding till date: $5.02B
Employee Count: 3,913 as on Dec 31, 2025
Investors: HTIF, SeedFord Partners and 163 Others
Latest Funding Round: Series I, Aug 06, 2018, $*****
Highlight: Public

4. DraftKings

Platform providing online solutions for fantasy sports and sports betting. It is a leading online platform offering daily fantasy sports and sportsbook services including real money betting and fantasy sports contests. They operate a user friendly website and mobile app providing a range of sports and entertainment options for enthusiasts.

Key facts about DraftKings

Founded Year: 2012
Location: Boston (United States)
Annual Revenue: $1B+ as on Dec 31, 2025
Stage: Public
Total Funding till date: $719M
Employee Count: 5,802 as on Sep 30, 2026
Investors: Atlas Venture, Schechter and 49 Others
Latest Funding Round: Post IPO, Sep 02, 2020, $*****
Highlight: Public

5. Anthropic

Provider of AI safety and research company. It is an AI research and safety company offering AI models and chatbots. Its chatbot can be used for multiple industries including customer support, legal support, coaching, searching data, back-office automation, and sales.

Key facts about Anthropic

Founded Year: 2021
Location: San Francisco (United States)
Annual Revenue: $1B+ as on May 15, 2026
Valuation: $*****
Stage: Series H
Total Funding till date: $132B
Employee Count: 6,146 as on Sep 30, 2026
Investors: T. Rowe Price, Goldman Sachs and 133 Others
Latest Funding Round: Series H, 2026, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Smile Group has invested in 87 companies over the last 13 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Sign3 and most recent follow-on round was in Spyne.ai.

Here are Smile Group's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	2	0	2
2024	2	0	2
2023	2	0	2
2022	2	0	2
2021	4	2	6
2020	5	3	8
2019	7	0	7
2018	3	0	3
2017	4	0	4

View all investments by Smile Group

Smile Group has made 31 investments in Seed stage with an average round size of $2.08M, 2 investments in Series A stage with an average round size of $3.42M and 2 investments in Series B stage with an average round size of $36.8M.

Here are Smile Group's investments by stage:

Stage of entry	No. of Investments
Seed	31
Series A	2
Series B	2
Post IPO	1
Series C	1
Others	2

Note: We have considered here, only first round of investments

View all investments by Smile Group

Smile Group has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Food and Agriculture Tech and Retail. Notably, it has invested in 75 Tech companies, 47 Enterprise (B2B) companies, 43 Consumer (B2C) companies and at least 42 companies focusing on Software.

Here are Smile Group's investments by sector:

Sector	No. of Investments
Consumer	14
Enterprise Applications	11
FinTech	7
Food and Agriculture Tech	7
Retail	6
Others	60

Note: We have considered here, only first round of investments

View all investments by Smile Group

Smile Group has made most investments in India (34), followed by United States where it has made 3 investments.

Here are Smile Group's investments by geography:

Country	No. of Investments
India	34
United States	3
China	1
Indonesia	1

Note: We have considered here, only first round of investments

View all investments by Smile Group

Smile Group has made 1 investments in 2026 so far - Sign3.

Here are the most recent investments by Smile Group:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Mar 30, 2026	Sign3	India	Seed	4928	Cedar Hill Capital (formerly Cedar-IBSi Capital) ... [+4]
Sep 12, 2025	Puresta	India	Seed	7371	Spring [+10]
Aug 18, 2025	Hapbee	United States	Post IPO	3370	-
Oct 09, 2024	Anthriq	India	Seed	1176	Info Edge [+5]
Jul 24, 2024	Moonrider	India	Seed	3305	Abhishek Goyal [+6]

See more recent investments made by Smile Group

Smile Group has 7 unicorns in its portfolio - Waabi, Rapido, Animoca Brands and others. The most recent unicorn in their portfolio is Waabi. It became a unicorn in 2026.

Here is a list of unicorns in Smile Group's portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
71	Waabi	Developer of physical artificial intelligence platform for autonomous trucks and robotaxis	2021	Auto Tech [+2]	Toronto	Series C	xhdridz
83	Rapido	Provider of an intra-city bike taxi ride-hailing service offering affordable, quick, and comfortable rides	2015	Consumer [+4]	Bengaluru	Series F	ofxxv{c
74	Animoca Brands	Web3 technology investment and venture-building company	2006	High Tech [+4]	Hong Kong	Series C	hizxctk
59	CARSOME	App based marketplace for used cars	2015	Consumer [+3]	Petaling Jaya	Series F	{pnyj{c
81	Kurly	Online platform offering groceries	2015	Food and Agriculture Tech [+2]	Seoul	Series G	sshxaqn

View more details about unicorns in Smile Group's portfolio

13 of Smile Group's portfolio companies have become public. SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996B and FiscalNote got listed on the OTC Markets (OTCMKTS).

Here are Smile Group's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
SpaceX	Jun 12, 2026	-	-	9441
FiscalNote	Apr 06, 2026	-	-	6852
Gemini	Sep 12, 2025	-	-	3575
Swiggy	Nov 13, 2024	Jan 24, 2022	Series K	2374
Hapbee	Oct 30, 2020	Aug 18, 2025	Post IPO	2665

View more details about public companies in Smile Group's portfolio

16 companies from Smile Group's portfolio have been acquired. The most recent acquisition was Biryani By Kilo in Apr 2025 by Dil-Rjcorp for $*****.

Here are Smile Group's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Biryani By Kilo	Apr 24, 2025	Oct 27, 2017	Seed	1001
X	Mar 29, 2025	-	-	6117
Gaji Gesa	Feb 26, 2025	Nov 29, 2021	Seed	9418
Arrow	Jan 24, 2025	-	-	3312
Yumlane	Oct 30, 2023	Jan 19, 2017	Seed	6853

View all acquired companies in Smile Group's portfolio

Smile Group has a team of 31 members including 23 Partners and 3 Principals located in India, Singapore and 1 more location. Smile Group's team sits on the board of 5 companies.

Here is a list of top team members in Smile Group:

Name	Designation	Location	Board Memberships	Contact Details
Aakrit Ajay Kumar Vaish	Partner	Mumbai	RateGain and Flatchat	1 Email, 3 Phone numbers
Siddharth Puri	Partner	Singapore	-	-
Kunal Khattar	Partner	Delhi	Rapido, Smartivity and 1 more	1 Email, 1 Phone number
Ramit Arora	Partner	Delhi	-	1 Email
Gopikaa Davar	Partner	Delhi	-	1 Email
Grace Yun Xia	Partner	Singapore	-	-
Nort Janssen	Partner	Singapore	-	-
Jia Jih Chai	Partner	Singapore	Rainforest	-
Harish Bahl	Partner	Singapore	Tyroo, SVG Media and 2 more	7 Emails, 1 Phone number
Manish Vij	Partner	Delhi	-	1 Email
Ramit Arora	Partner	Delhi	-	1 Email

View team details of Smile Group

Over the past 13 years, 1276 investors have co-invested in Smile Group's portfolio companies. This includes funds and angels.

Invested before Smile Group: Jitendra Gupta, Samsung Venture Investment and 290 others have invested in rounds before Smile Group. There are 3 companies where Jitendra Gupta has invested before Smile Group and 2 companies where Samsung Venture Investment has invested before Smile Group.
Top Co-investors of Smile Group: 385 investors entered a company along with Smile Group. These include investors like Kunal Bahl (4 companies).
Invested after Smile Group: A total of 599 investors have invested in Smile Group's portfolio after their investments. Top Investors include Alteria Capital (5 companies) and Alpha Wave Global (5 companies).