About SPTBI
SPTBI, an accelerator and incubator program founded in 2015, is based in Mumbai, India. With a presence in 2 countries, it has supported around 13 startups in sectors like High Tech, Enterprise Applications. As of Apr 2026, SPTBI has witnessed 2 portfolio exits. Most notable companies in
its portfolio include peAR Technologies, Space Philic and AAS Vidyalaya. The program is backed by a team of 9 people who primarily support Seed startups based in India. Its latest investment was a Undisclosed Seed round in Zoss Water on 2023.
Key Metrics
Founded Year
2015
Location
Mumbai, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
SPTBI's List of Top Investments
SPTBI has a portfolio of 13 companies. Their most notable investments are in RGM Technologies and Liminal.Their portfolio spans across India and Germany. They have invested in High Tech, Enterprise Applications, Consumer and 11 other sectors, across stages such as Seed stage. Here is the list of top investments by SPTBI:
Platform offering augmented reality solutions for restaurants. It is a cloud based augmented reality platform offering AI powered menu visualization and loyalty management solutions for restaurants.
Key facts about peAR Technologies
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹3.47Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.08M
- Employee Count: 3 as on Jul 31, 2025
- Investors: LetsVenture, Firstport Capital and 120 Others
- Latest Funding Round: Seed, Jan 29, 2024, $*****
- Highlight: Editors' Pick
2. Space Philic
Cutting-edge space tech company developing reusable launch vehicles for end-to-end use cases by minimising turnaround time, risk, and operational challenges.
Key facts about Space Philic
Online school for k-12 students. It is a digital education platform smart devices based learning resources, tutoring sessions and progress tracking solutions for k-12 students.
Key facts about AAS Vidyalaya
- Founded Year: 2017
- Location: Mumbai (India)
- Stage: Funding Raised
- Employee Count: 7 as on Jul 01, 2024
- Investors: Thapar Vision, SPTBI and 16 Others
- Latest Funding Round: Grant (prize money), May 01, 2021, $*****
- Highlight: Editors' Pick
4. Liminal
Immersive technology solutions: augmented, virtual, and mixed reality experiences, specializing in crafting cutting-edge digital experiences. The company focuses on augmented reality, virtual reality, virtual production, and web XR & mixed reality solutions. They offer services to create engaging and interactive environments. The company operates in the B2B and B2C space, providing software and technology-driven solutions. They are at the forefront of immersive technology, offering innovative solutions for various applications.
Key facts about Liminal
- Founded Year: 2016
- Location: Mumbai (India)
- Annual Revenue: ₹2.46Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $14.5K
- Employee Count: 9 as on Jul 01, 2024
- Investors: Kindle Ventures and SPTBI
- Latest Funding Round: Seed, Jul 25, 2018, $*****
- Highlight: Acquired
Provider of VR-based educational solutions. It allows users to study science, tech, engineering, arts, and mathematics in a virtual environment. It also allows users to explore and travel on virtual educational and tourism trips.
Key facts about Altie Reality
- Founded Year: 2020
- Location: Rajsamand (India)
- Stage: Seed
- Employee Count: 2 as on Jul 01, 2024
- Investors: SPTBI, Ministry of Electronics & Information Technology and 2 Others
- Latest Funding Round: Seed, Dec 30, 2023, $*****
SPTBI's Year-on-Year Investment Trends
SPTBI has invested in 13 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Zoss Water and most recent follow-on round was in Eatabl.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 1 | 1 | 2 |
2020 | 2 | 0 | 2 |
2019 | 0 | 0 | 0 |
2018 | 2 | 0 | 2 |
SPTBI's Investments by Stage
SPTBI has made 6 investments in Seed stage with an average round size of $91K.SPTBI's Investments by Sector
SPTBI has a diverse portfolio, with companies operating in the Auto Tech, Enterprise Applications, Environment Tech, Food and Agriculture Tech and High Tech. Notably, it has invested in 9 Tech companies, 6 Enterprise (B2B) companies, 5 Consumer (B2C) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Auto Tech | 2 |
Enterprise Applications | 2 |
Environment Tech | 2 |
Food and Agriculture Tech | 2 |
High Tech | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
SPTBI's Investments by Geography
SPTBI has made most investments in India (6).SPTBI's recent investments
SPTBI has not made any investment in 2026 so far.Here are the most recent investments by SPTBI:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2023 | India | Seed | 7666 | - | |
Jul 05, 2021 | India | Seed | 7638 | - | |
Apr 06, 2021 | India | Seed | 2908 | ||
Mar 20, 2020 | India | Seed | 8021 | - | |
Mar 18, 2020 | India | Seed | 4103 | - |
Acquired companies in SPTBI's Portfolio
2 companies from SPTBI's portfolio have been acquired. The most recent acquisition was Artelligence in Apr 2024 by Puck for $*****.Here are SPTBI's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 11, 2024 | - | - | 6380 | |
Dec 27, 2021 | Jul 25, 2018 | Seed | 6965 |
Team profile of SPTBI
SPTBI has a team of 9 members including 1 Partner, 3 Venture Partners and 4 Principals located in India. SPTBI's team does not sit on the board of any company as of now.Here is a list of all team members in SPTBI:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Pune | - | - | |
Venture Partner | Mumbai | - | - | |
Venture Partner | Mumbai | - | - | |
Venture Partner | Bengaluru | - | - | |
Principal | Mumbai | - | - | |
Principal | Mumbai | - | - | |
Principal | Mumbai | - | ||
Principal | Thane | - | - |
Co-investors of SPTBI
Over the past 8 years, 109 investors have co-invested in SPTBI's portfolio companies. This includes funds and angels.
- Invested before SPTBI: KN Group, Jignesh Kenia and 14 others have invested in rounds before SPTBI. There is 1 company where KN Group has invested before SPTBI and 1 company where Jignesh Kenia has invested before SPTBI.
- Top Co-investors of SPTBI: 51 investors entered a company along with SPTBI. These include investors like Inflection Point Ventures (1 company).
- Invested after SPTBI: A total of 42 investors have invested in SPTBI's portfolio after their investments. Top Investors include 1Crowd (1 company) and TCA (1 company).
Recent News related to SPTBI
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