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 14 startups in sectors like High Tech, Enterprise Applications. As of Oct 2026, SPTBI has witnessed 3 portfolio exits. Most notable companies in
its portfolio include peAR Technologies, Try My Style and Zoss Water. The program is backed by a team of 9 people who primarily support Seed startups based in India. Its latest investment was a $550K Grant (prize money) round in Try My Style on Oct 2023.
Key Metrics
Founded Year
2015
Location
Mumbai, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
SPTBI's List of Top Investments
SPTBI has a portfolio of 14 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, Retail and 11 other sectors, across stages such as Seed, Grant (prize money) stages. 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: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.08M
- Employee Count: 3 as on Jul 31, 2025
- Investors: Aeroflex Enterprises, CapFort Ventures and 122 Others
- Latest Funding Round: Seed, Jan 29, 2024, $*****
- Highlight: Editors' Pick
2. Try My Style
Tech enabler platform offering virtual try on solution for beauty salons. It uses patented technology using AI for analyzing the face. The technology requires an input image from client and a reference image of the hair extension selected by the user.
Key facts about Try My Style
- Founded Year: 2022
- Location: Pilani (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $2.4M
- Employee Count: 3 as on Aug 31, 2026
- Investors: Pilani Innovation Entrepreneurship Development, SPTBI and 2 Others
- Latest Funding Round: Grant (prize money), Nov 05, 2024, $*****
3. Zoss Water
Innovative water solutions provider for homes, businesses, and industries. Dedicated to providing healthier, cleaner, and purer water through innovative water solutions. Experts create customized water filtration and purification plans to meet specific needs. Offers alkaline ionized drinking water systems, commercial water dispensers, and whole-house filtration. Provides non-biological sewage & effluent treatment solutions. Smart water solutions include IoT enabled analytics and predictive water management services to track and minimize water footprint. Comprehensive portfolio includes industrial water purification systems, hypochlorous acid generators, central reverse osmosis systems, water conditioners, alkaline water machines and air to water generators. Committed to reshaping the world’s largest water ecosystem through technology, focusing on sustainability and social impact by providing clean and healthy drinking water.
Key facts about Zoss Water
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 Sep 30, 2026
- Investors: Thapar Vision, SPTBI and 16 Others
- Latest Funding Round: Grant (prize money), May 01, 2021, $*****
- Highlight: Editors' Pick
5. 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
- Founded Year: 2022
- Location: Kanpur (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $42.3K
- Employee Count: 9 as on Aug 31, 2026
- Investors: SPTBI, Indian Institute of Technology Kanpur and 4 Others
- Latest Funding Round: Seed, $*****
SPTBI's Year-on-Year Investment Trends
SPTBI has invested in 14 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 Try My Style 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 | 2 | 0 | 2 |
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 $94.6K and 1 investment in Grant (prize money) stage with an average round size of $550K.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
SPTBI's Investments by Sector
SPTBI has a diverse portfolio, with companies operating in the Enterprise Applications, Auto Tech, Environment Tech, Food and Agriculture Tech and High Tech. Notably, it has invested in 10 Tech companies, 7 Enterprise (B2B) companies, 6 Software companies and at least 5 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Auto Tech | 2 |
Environment Tech | 2 |
Food and Agriculture Tech | 2 |
High Tech | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
SPTBI's Investments by Geography
SPTBI has made most investments in India (7).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 |
|---|---|---|---|---|---|
Oct 2023 | India | Grant (prize money) | 4204 | - | |
2023 | India | Seed | 2088 | - | |
Jul 05, 2021 | India | Seed | 1279 | - | |
Apr 06, 2021 | India | Seed | 6355 | ||
Mar 20, 2020 | India | Seed | 5130 | - |
Acquired companies in SPTBI's Portfolio
3 companies from SPTBI's portfolio have been acquired. The most recent acquisition was Zoss Water in Jul 2026 by Hydron for $*****.Here are SPTBI's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2026 | 2023 | Seed | 3279 | |
Apr 11, 2024 | - | - | 3281 | |
Dec 27, 2021 | Jul 25, 2018 | Seed | 2105 |
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, 113 investors have co-invested in SPTBI's portfolio companies. This includes funds and angels.
- Invested before SPTBI: KN Group, Jignesh Kenia and 16 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 44 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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Indian startup incubator launches program for differently abled entrepreneursTech in Asia•Dec 03, 2020•SPTBI, Adfactors PR, LoveActually.me
