About thinQbate
thinQbate, an accelerator and incubator program founded in 2016, is based in Mumbai, India. With a presence in 3 countries, it has supported around 31 startups in sectors like Consumer, Enterprise Applications. As of Oct 2026, thinQbate has witnessed 4 portfolio exits. Most notable companies in
its portfolio include Ethereal Machines, Trell and Sportvot. The program is backed by a team of 5 people who primarily support Seed startups based in India. Its latest investment was a $13.5K Seed round in UACTIV on Nov 01, 2018 along with Rashmi Bakul Rathod.
Key Metrics
Founded Year
2016
Location
Mumbai, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
thinQbate's List of Top Investments
thinQbate has a portfolio of 31 companies. Their most notable investments are in Faclon Labs and SuperFan Studio.Their portfolio spans across India, United States and Germany. They have invested in Consumer, Enterprise Applications, Retail and 21 other sectors, across stages such as Seed stage. Here is the list of top investments by thinQbate:Provider of on demand manufacturing services for industrial machines. It offers an on demand platform for manufacturing sector including custom CNC milling services, five and three axis machining, and more for various industries including aerospace, healthcare and electronics. It offer solutions such as prototyping, material selection, parts generation, design assistance, production, quality control, and allows users to upload CAD files for quotes generation. It also offer material guidance, design optimization, and full sub-assembly services.
Key facts about Ethereal Machines
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $52M
- Employee Count: 114 as on Aug 31, 2025
- Investors: Steadview, Yali Capital and 57 Others
- Latest Funding Round: Series B, Apr 16, 2026, $*****
- Highlight: Editors' Pick

2. Trell
Social commerce platform for users to discover and share recommendations. It is a content-community-commerce platform for discovering lifestyle choices through video blogs in vernacular Indian languages.The platform is powered by user-generated video content, which is created by its own growing community. Users can discover and share recommendations on beauty, wellness, fashion, and more through short videos and blogs.
Key facts about Trell
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $65.9M
- Employee Count: 286 as on Aug 31, 2026
- Investors: Samsung Venture Investment, Firebolt Ventures and 88 Others
- Latest Funding Round: Series B, Jan 12, 2021, $*****
- Highlight: Editors' Pick
3. Sportvot
Provider of live sports streaming and casual sports venue services. This company offers end-to-end live sports production, including capture, production, distribution, and analytics services for sports organizations. They also operate casual sports venues equipped with premium turfs and provide live-streaming and recording capabilities for players. The venues foster a community environment, enabling players to connect and share their experiences.
Key facts about Sportvot
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $5.05M
- Employee Count: 21 as on Aug 31, 2025
- Investors: Indian Angel Network, Capital-A and 20 Others
- Latest Funding Round: Series A, Apr 29, 2026, $*****
- Highlight: Editors' Pick
4. ParkMate
Provider of technology-enabled solutions for valet and parking management services. The company offers a hybrid system using license plate recognition and software. It provides trained manpower for valet parking, along with a drop and shop service. The company also offers a QR code-based navigation system for parking spots.
Key facts about ParkMate
- Founded Year: 2021
- Location: Noida (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $1.68M
- Employee Count: 123 as on Jan 31, 2025
- Investors: Z Nation Lab, Venture Catalysts and 65 Others
- Latest Funding Round: Seed, Sep 16, 2025, $*****
5. Jai Kisan
Fintech providing credit and financial solutions for farmers, retailers, and MSMEs. The company empowers rural India by offering timely access to affordable credit through technology. It focuses on supporting the growth of farmers, retailers, and MSMEs by addressing their financial needs with innovative solutions. The platform offers various products including retailer apps and credit checks. It aims to impact livelihoods in rural areas by providing financial services. The company uses technology to deliver financial solutions, promoting financial inclusion and economic development in rural communities. It is a B2B and B2C platform with social impact.
Key facts about Jai Kisan
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $88.6M
- Employee Count: 68 as on Aug 31, 2025
- Investors: BlackSoil, Trifecta Capital and 68 Others
- Latest Funding Round: Series B, Apr 04, 2025, $*****
- Highlight: Editors' Pick
thinQbate's Year-on-Year Investment Trends
thinQbate has invested in 31 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in UACTIV and most recent follow-on round was in Faclon Labs.thinQbate's Investments by Stage
thinQbate has made 11 investments in Seed stage with an average round size of $26.4K.thinQbate's Investments by Sector
thinQbate has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Media & Entertainment and Environment Tech. Notably, it has invested in 29 Tech companies, 22 Consumer (B2C) companies, 17 Enterprise (B2B) companies and at least 16 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 6 |
Enterprise Applications | 4 |
High Tech | 4 |
Media & Entertainment | 3 |
Environment Tech | 2 |
Others | 18 |
Note: We have considered here, only first round of investments
thinQbate's Investments by Geography
thinQbate has made most investments in India (10), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 10 |
United States | 1 |
Note: We have considered here, only first round of investments
thinQbate's recent investments
thinQbate has not made any investment in 2026 so far.Here are the most recent investments by thinQbate:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 01, 2018 | India | Seed | 8487 | ||
Oct 29, 2018 | India | Seed | 3535 | ||
Sep 21, 2018 | India | Seed | 6416 | ||
Jun 07, 2018 | India | Seed | 8473 | ||
Feb 21, 2018 | India | Seed | 4756 | - |
Acquired companies in thinQbate's Portfolio
4 companies from thinQbate's portfolio have been acquired. The most recent acquisition was Dusminute in Sep 2025 by Starlocalmart for $*****.Here are thinQbate's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 01, 2025 | - | - | 7262 | |
Nov 28, 2022 | - | - | 9516 | |
Oct 05, 2022 | - | - | 7394 | |
Aug 19, 2019 | Oct 20, 2016 | Seed | 5146 |
Team profile of thinQbate
thinQbate has a team of 5 members including 2 Partners. thinQbate's team does not sit on the board of any company as of now.Co-investors of thinQbate
Over the past 10 years, 191 investors have co-invested in thinQbate's portfolio companies. This includes funds and angels.
- Invested before thinQbate: Travel Startups, Anirudh A Damani and 47 others have invested in rounds before thinQbate. There is 1 company where Travel Startups has invested before thinQbate and 1 company where Anirudh A Damani has invested before thinQbate.
- Top Co-investors of thinQbate: 4 investors entered a company along with thinQbate. These include investors like Hatcher (3 companies).
- Invested after thinQbate: A total of 138 investors have invested in thinQbate's portfolio after their investments. Top Investors include LVX (2 companies) and Vish Sathappan (1 company).
Recent News related to thinQbate
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thinQbate partners with Hatcher+; to gain additional capital, networkBusiness Standard•Aug 29, 2018•thinQbate, Hatcher
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CRM and Marketing Automation Platform Hashtag Loyalty Raises Seed FundingBW Businessworld•Jun 27, 2018•Hashtag Loyalty, thinQbate, Ahimsa Partners, Ahimsa
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ThinQbate To Launch Startup Incubator In Mumbai, Announces First CohortInc42•Oct 20, 2016•thinQbate, ReDesyn, Faclon Labs, VahAnalytics and 2 others
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Debutants share their experience of taking lessons in entrepreneurship and why you should tooYourStory•May 31, 2016•UpGrad, Matrix Partners, Housing, Pepperfry and 1 other
