Where is Upekkha's headquarters located?

Upekkha's headquarters is located in Bengaluru (India).

How big is Upekkha's investment team?

Upekkha has a team of 52, including 4 partners.

How many companies has Upekkha invested in?

Upekkha has invested in 204 companies, including Sage & Spyne.ai.

Which companies has Upekkha invested in lately?

Sherlocks & Dheemai are the latest investments by Upekkha.

How many exits has Upekkha been involved in?

Upekkha's portfolio has seen 1 IPO and 10 acquisitions.

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

Upekkha, an accelerator and incubator program founded in 2017, is based in Bengaluru, India. With a presence in 9 countries, it has supported around 204 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, Upekkha has witnessed 11 portfolio exits. Most notable companies in its portfolio include Sage, Spyne.ai and Zimyo. The program is backed by a team of 52 people who primarily support Seed startups based in India. Its latest investment was a $793K Seed round in Sherlocks on Jun 23, 2026 along with SenseAI.

Key Metrics

Founded Year

2017

Location

Bengaluru, India

Portfolio Companies

Sage, Spyne.ai & 202 more

Sectors of Investment

Enterprise Applications, High Tech & 24 more

Stages of Investment

Seed, Post IPO & 1 more

Locations of Investment

India, United States & 7 more

View Upekkha's full profile

Upekkha has a portfolio of 204 companies. Their most notable investments are in Cogniswitch and Get Urban AI.Their portfolio spans across India, United States, United Kingdom and 6 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 23 other sectors, across stages such as Seed, Post IPO and 1 more. Here is the list of top investments by Upekkha:

1. Sage

Provider of cloud-based enterprise software solutions for accounting, finance, and people management. It leverages AI and machine learning to support accounting, people, payroll, and financial management needs. Its products integrate features like invoice, inventory management, reporting, and compliance tools.

Key facts about Sage

Founded Year: 1981
Location: Newcastle Upon Tyne (United Kingdom)
Annual Revenue: £0 - £1M as on Dec 31, 2020
Stage: Public
Employee Count: 11,074 as on Dec 31, 2025
Investors: Sumitomo, Stonebridge and 48 Others
Latest Funding Round: Post IPO, Dec 16, 2019, $*****
Highlight: Public

2. Spyne.ai

Platform offering AI-powered imaging for vehicle photography. It includes automated photo enhancement, 360° spin capture, background editing, shadow correction, plate masking, and cataloging tools. The platform supports API integration, CRM tools, inventory management, and offers analytics dashboards to streamline visual workflows.

Key facts about Spyne.ai

Founded Year: 2018
Location: Gurugram (India)
Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $27.7M
Employee Count: 220 as on May 31, 2025
Investors: Storm Ventures, Smile Group and 57 Others
Latest Funding Round: Series A, Sep 23, 2024, $*****
Highlight: Editors' Pick

3. Zimyo

AI-powered end-to-end HRMS platform. Itis an AI-powered end-to-end HRMS platform used by 2,500+ organizations across 40+ countries. It offers a suite of 60+ integrated solutions covering every stage of the employee lifecycle, including core HR, payroll, attendance and leave management, recruitment (ATS), performance management, employee engagement, learning management, expense management, asset management, HR helpdesk, document management and workflow automation. Zim Agents are AI assistants that automate repetitive HR tasks and streamline workflows. The Zimyo API Marketplace allows organizations to connect APIs, build custom AI agents, and extend AI capabilities across existing business systems.

Key facts about Zimyo

Founded Year: 2018
Location: Gurugram (India)
Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $4.37M
Employee Count: 94 as on Aug 31, 2025
Investors: Startup Reseau, Beenext and 32 Others
Latest Funding Round: Series A, Mar 03, 2022, $*****
Highlight: Editors' Pick

4. Scalefusion

Provider of unified endpoint management, zero trust access, and security solutions. The company offers endpoint management across multiple operating systems. It facilitates single sign-on to applications and enforces contextual policies based on device posture. The company provides tools for secure web gateway, automated compliance, and endpoint data loss prevention.

Key facts about Scalefusion

Founded Year: 2014
Location: Pune (India)
Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
Stage: Funding Raised
Employee Count: 254 as on Aug 31, 2025
Investors: Upekkha and 1 Other
Highlight: Editors' Pick

5. Nuvepro

Provider of hands on learning solutions and skill development platforms. This company offers subjective assessments, challenge labs, skill bundles, and project-based learning experiences. These solutions utilize sandbox environments for practical application of skills, integrating with various third-party training content and learning management systems. The platform supports skill validation and career progression, catering to diverse sectors including IT product organizations, training providers, higher education institutions, and enterprises. The focus is on equipping workforces with practical skills through immersive learning journeys and measurable skill development tracking.

Key facts about Nuvepro

Founded Year: 2014
Location: Bengaluru (India)
Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $2.2M
Employee Count: 86 as on Aug 31, 2025
Investors: Aeroflex Enterprises, SIDBI and 81 Others
Latest Funding Round: Seed, Jan 31, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Upekkha has invested in 204 companies over the last 9 years, with an average of 24 new investments annually in the last 5 years. In 2025, it made 9 investments, while as of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Sherlocks and most recent follow-on round was in Nuvepro.

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

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	8	1	9
2024	38	1	39
2023	40	0	40
2022	27	1	28
2021	14	0	14
2020	7	0	7
2019	2	0	2
2018	4	0	4
2017	2	0	2

View all investments by Upekkha

Upekkha has made 141 investments in Seed stage with an average round size of $140K, 1 investment in Post IPO stage with an average round size of $100K and 1 investment in Unattributed stage with an average round size of $100K.

Here are Upekkha's investments by stage:

Stage of entry	No. of Investments
Seed	141
Post IPO	1
Unattributed	1

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

View all investments by Upekkha

Upekkha has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, High Tech, Consumer and Enterprise Infrastructure. Notably, it has invested in 189 Tech companies, 186 Enterprise (B2B) companies, 175 Software companies and at least 137 companies focusing on Saas.

Here are Upekkha's investments by sector:

Sector	No. of Investments
Enterprise Applications	124
Vertical SaaS	33
High Tech	27
Consumer	16
Enterprise Infrastructure	16
Others	105

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

View all investments by Upekkha

Upekkha has made most investments in India (76), followed by United States where it has made 59 investments.

Here are Upekkha's investments by geography:

Country	No. of Investments
India	76
United States	59
Switzerland	2
United Kingdom	2
Singapore	1
Others	2

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

View all investments by Upekkha

Upekkha has made 1 investments in 2026 so far - Sherlocks.

Here are the most recent investments by Upekkha:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Jun 23, 2026	Sherlocks	United States	Seed	9681	SenseAI
Oct 14, 2025	Dheemai	United States	Seed	1439	-
Oct 02, 2025	Holmes Systems	-	Seed	4009	-
May 21, 2025	Zenno Angel SPV	-	Seed	7771	-
Apr 08, 2025	Spice Tech	-	Seed	4285	-

See more recent investments made by Upekkha

1 of Upekkha's portfolio company became public - Sage. It got listed on the London Stock Exchange (LSE), in Jun 2013.

Here are Upekkha's portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Sage	Jun 10, 2013	-	-	6475

View more details about public companies in Upekkha's portfolio

10 companies from Upekkha's portfolio have been acquired. The most recent acquisition was WeCP in Mar 2026 by Invisible Tech for $*****.

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

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
WeCP	Mar 10, 2026	-	-	1775
Devzery	Nov 12, 2025	Dec 27, 2023	Seed	3101
SocialPilot	Jul 31, 2025	2017	Seed	9826
FreshReview	Mar 03, 2025	Nov 18, 2021	Seed	3874
Propellor	Apr 06, 2024	-	-	2417

View all acquired companies in Upekkha's portfolio

Upekkha has a team of 52 members including 4 Partners and 29 Principals located in India and United States. Upekkha's team sits on the board of 12 companies.

Here is a list of top team members in Upekkha:

Name	Designation	Location	Board Memberships	Contact Details
Shekar Nair	Partner	Bengaluru	-	1 Email
Thiyagarajan Maruthavanan	Partner	-	-	1 Email
Shekar Nair	Partner	San Francisco	-	1 Email
Prasanna Krishnamoorthy	Partner	India	-	1 Email
Rajaraman Santhanam	Principal	India	Chargebee	1 Email, 1 Phone number
Sujit Dinanath Karpe	Principal	Pune	iMocha	1 Email, 1 Phone number
Manjula Sridhar	Principal	Bengaluru	Aujas and Dheemai	1 Email, 1 Phone number

View team details of Upekkha

Over the past 9 years, 298 investors have co-invested in Upekkha's portfolio companies. This includes funds and angels.

Invested before Upekkha: LVX, Pentathlon Ventures and 215 others have invested in rounds before Upekkha. There are 2 companies where LVX has invested before Upekkha and 2 companies where Pentathlon Ventures has invested before Upekkha.
Top Co-investors of Upekkha: 30 investors entered a company along with Upekkha. These include investors like Angel List (2 companies).
Invested after Upekkha: A total of 51 investors have invested in Upekkha's portfolio after their investments. Top Investors include Inflection Point Ventures (2 companies) and Y Combinator (2 companies).