About Surge
Surge, an accelerator and incubator program founded in 2019, is based in United States. With a presence in 13 countries, it has supported around 201 startups in sectors like Enterprise Applications, High Tech. As of Apr 2026, Surge has 2 unicorns under its belt and has witnessed 12 portfolio exits. Most notable companies in
its portfolio include Cult.fit, Seekho and Invideo. The program is backed by a team of 14 people who primarily support Seed startups based in India. Its latest investment was a $2.5M Seed round in Companion Labs on Nov 04, 2025, which also saw participation from All In Capital and The Untitled Ventures.
Key Metrics
Founded Year
2019
Location
Sectors of Investment
Stages of Investment
Seed, Series A & 2 more
Locations of Investment
Surge's List of Top Investments
Surge has a portfolio of 201 companies, including 2 unicorns. Their most notable investments are in Red Brick Ai and Manatal.Their portfolio spans across India, United States, Singapore and 10 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 29 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Surge:
1. Cult.fit
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts. It offers various membership tiers providing access to different combinations of in-person and virtual fitness options. These options include group fitness classes led by trainers, access to gyms with varying levels of equipment and amenities, and live at-home workout sessions. Memberships also incorporate access to sports activities such as badminton and swimming. The company also provides coaching programs focused on weight loss and wellness resources. The offerings aim to create a holistic fitness experience.
Key facts about Cult.fit
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,270Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $714M
- Employee Count: 1,832 as on Apr 30, 2025
- Investors: Temasek, Axis Bank and 95 Others
- Latest Funding Round: Series G, Mar 21, 2026, $*****
- Highlight: Editors' Pick
2. Seekho
Platform offers short-form educational videos in Hindi and regional languages. The platform focuses on skill development across domains like digital marketing, finance, entrepreneurship, and personal development. Its platform includes both free and premium content, with a subscription model and ad-supported access. Users can engage through video series, quizzes, live events, and mentorship, making the learning experience interactive and practical.
Key facts about Seekho
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹144Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $42.3M
- Employee Count: 64 as on Aug 31, 2025
- Investors: Lightspeed Venture Partners, Goodwater Capital and 37 Others
- Latest Funding Round: Series B, Aug 29, 2025, $*****
- Highlight: Editors' Pick
3. Invideo
Developer of an artificial intelligence platform for video creation and editing. The platform provides tools for generating videos from text prompts, images, and other media. It offers features such as AI avatars, voice cloning, video translation, and subtitle generation. The platform also includes an online video editor, video collage maker, and tools for adding music and text to videos.
Key facts about Invideo
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $16.6M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $52.5M
- Employee Count: 91 as on Aug 31, 2025
- Investors: Tiger Global Management, Base Partners and 37 Others
- Latest Funding Round: Series B, 2022, $*****
- Highlight: Editors' Pick

4. Classplus
Developer of application enabling educators to conduct online classes and coaching. The application provides tools for teaching, assessments, and communication with students. It facilitates the management of courses and educational content.
Key facts about Classplus
- Founded Year: 2015
- Location: Noida (India)
- Annual Revenue: ₹265Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $249M
- Employee Count: 689 as on Mar 31, 2026
- Investors: Tiger Global Management, Chimera and 47 Others
- Latest Funding Round: Series D, Jan 18, 2024, $*****
- Highlight: Editors' Pick

5. 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: ₹110Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $90.3M
- Employee Count: 269 as on Mar 31, 2026
- Investors: Trifecta Capital, Ignis Capital and 79 Others
- Latest Funding Round: Angel, May 10, 2024, $*****
- Highlight: Editors' Pick
Surge's Year-on-Year Investment Trends
Surge has invested in 201 companies over the last 8 years, with an average of 19 new investments annually in the last 5 years. In 2025, it made 7 investments. Its most recent first time investment was in Companion Labs and most recent follow-on round was in Amaani.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 6 | 1 | 7 |
2024 | 12 | 6 | 18 |
2023 | 20 | 9 | 29 |
2022 | 36 | 16 | 52 |
2021 | 25 | 22 | 47 |
2020 | 32 | 14 | 46 |
2019 | 36 | 1 | 37 |
2018 | 1 | 0 | 1 |
Surge's Investments by Stage
Surge has made 142 investments in Seed stage with an average round size of $3.03M, 24 investments in Series A stage with an average round size of $6.22M, 1 investment in Series B stage with an average round size of $25M and 1 investment in Series F stage with an average round size of $1.33M.Stage of entry | No. of Investments |
|---|---|
Seed | 142 |
Series A | 24 |
Series B | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Surge's Investments by Sector
Surge has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and High Tech. Notably, it has invested in 185 Tech companies, 123 Enterprise (B2B) companies, 123 Software companies and at least 87 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 86 |
Consumer | 47 |
Retail | 29 |
FinTech | 28 |
High Tech | 25 |
Others | 173 |
Note: We have considered here, only first round of investments
Surge's Investments by Geography
Surge has made most investments in India (76), followed by United States where it has made 37 investments.Country | No. of Investments |
|---|---|
India | 76 |
United States | 37 |
Singapore | 25 |
Indonesia | 17 |
Australia | 4 |
Others | 15 |
Note: We have considered here, only first round of investments
Surge's recent investments
Surge has not made any investment in 2026 so far.Here are the most recent investments by Surge:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 04, 2025 | India | Seed | 8212 | [+6] | |
Sep 16, 2025 | United Arab Emirates | Seed | 9326 | - | |
Sep 04, 2025 | India | Seed | 3666 | [+45] | |
Sep 03, 2025 | India | Seed | 2179 | [+5] | |
Aug 04, 2025 | Spain | Seed | 1066 | [+1] |
Unicorns in Surge's Portfolio
Surge has 2 unicorns in its portfolio - Airalo and Cult.fit. The most recent unicorn in their portfolio is Airalo. It became a unicorn in 2025, 5 years after Surge first invested in it.Here is a list of unicorns in Surge's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Operator of eSIM stores intended to provide connectivity to travellers | 2019 | Delaware | Series C | ij{rxgq | ||
86 | Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru | Series G | xyocwem |
Acquired companies in Surge's Portfolio
12 companies from Surge's portfolio have been acquired. The most recent acquisition were Zenyum in Feb 2026 by Makeo.Here are Surge's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 11, 2026 | Apr 19, 2019 | Seed | 7517 | |
May 06, 2025 | Mar 01, 2023 | Seed | 2784 | |
Mar 28, 2025 | Mar 02, 2021 | Seed | 9429 | |
Jan 22, 2025 | - | - | 4217 | |
Jan 03, 2024 | Jul 10, 2023 | Seed | 9664 |
Team profile of Surge
Surge has a team of 14 members including 1 Partner, 1 Venture Partner and 6 Principals located in India and Singapore. Surge's team sits on the board of 2 companies.Here is a list of top team members in Surge:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | Via, Craftsvilla and 1 more | - | |
Venture Partner | Bengaluru | - | - | |
Principal | Singapore | - | - | |
Principal | Bengaluru | - | ||
Principal | Singapore | - | - | |
Principal | Bengaluru | |||
Principal | Bengaluru | - | ||
Principal | Singapore | - |
Co-investors of Surge
Over the past 8 years, 1746 investors have co-invested in Surge's portfolio companies. This includes funds and angels.
- Invested before Surge: Angel List, Peak XV Partners and 802 others have invested in rounds before Surge. There are 13 companies where Angel List has invested before Surge and 12 companies where Peak XV Partners has invested before Surge.
- Top Co-investors of Surge: 398 investors entered a company along with Surge. These include investors like Peak XV Partners (14 companies).
- Invested after Surge: A total of 544 investors have invested in Surge's portfolio after their investments. Top Investors include Peak XV Partners (38 companies) and Tiger Global Management (14 companies).
Recent News related to Surge
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Peak XV’s Surge led $2.5 M Seed funding raised by ElivaasIncubees•Dec 26, 2023•Peak XV Partners, ELIVAAS, Surge
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Boxs raises seed round from Peak XV’s Surge, Titan Capital and othersEntrackr•Aug 22, 2023•Titan Capital, Peak XV Partners, Surge, Boxs and 1 other
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Surge leads $1.6m round of Indian B2B interior design platformTech in Asia•Aug 22, 2023•Titan Capital, Peak XV Partners, Surge, Boxs and 1 other
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Airalo’s $60 Million Series B Financing RoundGlobal Legal Chronicle•Aug 09, 2023•Jones Day, Orange, Airalo, e& and 18 others
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Edtech Startup Kyt Raises $5m In Series A Led By Alpha Wave IncubationYourStory•Aug 04, 2023•Kyt, Alpha Wave Global, Surge, January Capital and 1 other
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Airalo, whose founder is Bahadır Özdemir, received an investment of 60 million dollarsWebrazzi•Aug 01, 2023•Airalo, e&, Antler, Liberty Global and 11 others
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Bengaluru-based Ethereal Machines Raises $7.3 Million in Pre-Series A FundingStartup Story•Jul 24, 2023•Ethereal Machines, Peak XV Partners, Surge, Blume Venture and 7 others
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PingSafe Raises $ 3.3Mn In Seed Funding RoundViestories•Jul 20, 2023•PingSafe, Peak XV Partners, Sequoia Capital, Surge and 1 other
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SG startup Dozer raises $3m in Surge-led Seed roundAsiaTechDaily•Jul 16, 2023•Dozer, Sequoia Capital, Surge, Gradient Ventures and 1 other
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Sequoia Surge leads USD 5.25 Million seed round in Gan.aiEnablers•May 24, 2023•Gan.Ai, Emergent Ventures, Surge, Sequoia Capital and 1 other