Where is Surge's headquarters located?

Surge's headquarters is located in Singapore (Singapore).

How many companies has Surge invested in?

Surge has invested in 196 companies, including Cult.fit & Seekho.

Which companies has Surge invested in lately?

Companion Labs & Amaani are the latest investments by Surge.

How many exits has Surge been involved in?

Surge's portfolio has seen 14 acquisitions.

How many unicorns are there in Surge's portfolio?

There are 2 unicorns in Surge's portfolio.

Surge - 2026 Investor Profile, Portfolio, Team & Investment Trends

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: ₹100 - ₹500 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series G
Total Funding till date: $717M
Employee Count: 1,832 as on Apr 30, 2025
Investors: Chiratae Ventures, Temasek and 100 Others
Latest Funding Round: Series G, Mar 17, 2026, $*****
Highlight: Editors' Pick

2. Seekho

Provider of short educational videos covering technology business and finance. The platform hosts content across multiple categories including career development, personal growth, and wellness. Users access instructional material created by mentors to acquire practical skills. The service offers subscription options for ad-free viewing and unlimited access to the video library.

Key facts about Seekho

Founded Year: 2020
Location: Bengaluru (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series B
Total Funding till date: $46.2M
Employee Count: 116 as on May 31, 2026
Investors: Elevation Capital, Lightspeed and 39 Others
Latest Funding Round: Series B, Aug 29, 2025, $*****
Highlight: Editors' Pick

3. Khatabook

App-based bookkeeping management solutions for small businesses. It is a software-as-a-service accounting platform designed for micro, small and medium businesses to manage their financial transactions, accounts, and generate reports for better financial management. It allows users to manage transactions, purchases, payments, and more. It sends payment reminders, PDF reports, QR code payments, and more. It operates by providing tools for recording credits, managing finances, and facilitating transactions. It also allows users to add customers, send payment reminders, manage inventory, create invoices, and track GST and non-GST bills.

Key facts about Khatabook

Founded Year: 2018
Location: Bengaluru (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series C
Total Funding till date: $187M
Employee Count: 172 as on May 31, 2026
Investors: LionRock Capital, Alpha Wave Global and 54 Others
Latest Funding Round: Series C, Aug 24, 2021, $*****
Highlight: Editors' Pick

4. Airalo

Operator of eSIM stores intended to provide connectivity to travellers. It allows users to select local, regional, or global prepaid eSIM plans for mobile data, calls, and text services. It is available on both Android and iOS devices.

Key facts about Airalo

Founded Year: 2019
Location: Delaware (United States)
Valuation: $*****
Stage: Series C
Total Funding till date: $287M
Employee Count: 406 as on Sep 30, 2026
Investors: Liberty Global, Orange and 20 Others
Latest Funding Round: Series C, Jul 10, 2025, $*****
Highlight: Editors' Pick

5. DrinkPrime

Provider of water purification devices available through subscription plans and services. The company offers a range of water purification products utilizing multi-stage filtration. These products incorporate features such as sediment and carbon filters, RO membrane, UV lamp, mineraliser, and alkaline filter. The company provides options for tracking water consumption and filter health.

Key facts about DrinkPrime

Founded Year: 2016
Location: Bengaluru (India)
Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $22M
Employee Count: 287 as on Aug 31, 2025
Investors: SIDBI Venture Capital, F2A and 92 Others
Latest Funding Round: Series A, Mar 11, 2026, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Surge has invested in 196 companies over the last 8 years, with an average of 15 new investments annually in the last 5 years. In 2025, it made 8 investments. Its most recent first time investment was in Companion Labs and most recent follow-on round was in Amaani.

Here are Surge's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	6	2	8
2024	12	7	19
2023	19	9	28
2022	35	15	50
2021	25	21	46
2020	32	13	45
2019	35	1	36
2018	1	0	1

View all investments by Surge

Surge has made 141 investments in Seed stage with an average round size of $3.05M, 23 investments in Series A stage with an average round size of $6.59M and 1 investment in Series F stage with an average round size of $1.33M.

Here are Surge's investments by stage:

Stage of entry	No. of Investments
Seed	141
Series A	23
Series F	1

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

View all investments by Surge

Surge has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, FinTech, Retail and High Tech. Notably, it has invested in 177 Tech companies, 119 Enterprise (B2B) companies, 118 Software companies and at least 88 companies focusing on Consumer (B2C).

Here are Surge's investments by sector:

Sector	No. of Investments
Enterprise Applications	87
Consumer	46
FinTech	29
Retail	28
High Tech	27
Others	176

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

View all investments by Surge

Surge has made most investments in India (72), followed by United States where it has made 38 investments.

Here are Surge's investments by geography:

Country	No. of Investments
India	72
United States	38
Singapore	25
Indonesia	17
Australia	4
Others	14

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

View all investments by Surge

Surge has not made any investment in 2026 so far.

Here are the most recent investments by Surge:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Nov 04, 2025	Companion Labs	India	Seed	4859	All In Capital [+6]
Sep 16, 2025	Amaani	United Arab Emirates	Seed	3060	-
Sep 04, 2025	OnFinance AI	India	Seed	8634	Mars Shot Ventures [+46]
Sep 03, 2025	Ignosis	India	Seed	3441	Force Ventures [+6]
Aug 04, 2025	Qbeast	Spain	Seed	4823	HWK [+1]

See more recent investments made by Surge

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:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
75	Airalo	Operator of eSIM stores intended to provide connectivity to travellers	2019	Telecom	Delaware	Series C	jnovpfd
83	Cult.fit	Provider of fitness memberships encompassing group classes, gyms, and at-home workouts	2016	HealthTech [+1]	Bengaluru	Series G	gygejks

View more details about unicorns in Surge's portfolio

14 companies from Surge's portfolio have been acquired. The most recent acquisition was TazaPay in Sep 2026 by Circle for $*****.

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

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
TazaPay	Sep 09, 2026	Nov 25, 2020	Seed	5091
Aampe	Jun 24, 2026	Nov 25, 2020	Seed	6761
Zenyum	Feb 11, 2026	Apr 19, 2019	Seed	3861
Requestly	May 06, 2025	Mar 01, 2023	Seed	1007
Outplay	Mar 28, 2025	Mar 02, 2021	Seed	3905

View all acquired companies in Surge's portfolio

Surge has a team of 3 members including 1 Partner and 2 Principals located in India and Singapore. Surge's team sits on the board of 1 company.

Here is a list of all team members in Surge:

Name	Designation	Location	Board Memberships	Contact Details
Rajan Anandan	Partner	Delhi	-	1 Email
Harshita Jain	Principal	Bengaluru	Auro Minerals	1 Phone number
Lara Kanga	Principal	Singapore	-	-
Suraj Laungani	Principal	Singapore	-	-

View team details of Surge

Over the past 8 years, 1733 investors have co-invested in Surge's portfolio companies. This includes funds and angels.

Invested before Surge: Angel List, Peak XV Partners and 763 others have invested in rounds before Surge. There are 13 companies where Angel List has invested before Surge and 11 companies where Peak XV Partners has invested before Surge.
Top Co-investors of Surge: 392 investors entered a company along with Surge. These include investors like Peak XV Partners (14 companies).
Invested after Surge: A total of 576 investors have invested in Surge's portfolio after their investments. Top Investors include Peak XV Partners (38 companies) and Tiger Global Management (13 companies).