About Yellowrain
Yellowrain, an accelerator and incubator program founded in 2022, is based in Salt Lake City, United States. With a presence in 2 countries, it has supported around 14 startups in sectors like Enterprise Applications, Consumer. As of Aug 2026, Yellowrain has witnessed 3 portfolio exits. Most notable companies in
its portfolio include Blu-Smart, Oben Electric and BASIC Home Loan. The program is backed by a team of 1 people who primarily support startups based in India and United States.
Key Metrics
Founded Year
2022
Location
Salt Lake City, United States
Portfolio Companies
Sectors of Investment
Locations of Investment
Yellowrain's List of Top Investments
Yellowrain has a portfolio of 14 companies. Their most notable investments include Blu-Smart and Oben Electric.Their portfolio spans across India and United States. They have invested in Enterprise Applications, Consumer, Transportation and Logistics Tech and 10 other sectors. Here is the list of top investments by Yellowrain:
1. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 280 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
Platform offering two wheeler motorcycle products. It focuses on designing and producing motorbikes suited for everyday mobility needs. It provides information about its models and their key features for interested riders.
Key facts about Oben Electric
- Founded Year: 2020
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $37.6M
- Employee Count: 198 as on Mar 31, 2025
- Investors: IREDA, Stride Ventures and 87 Others
- Latest Funding Round: Series A, Dec 18, 2025, $*****
- Highlight: Editors' Pick
Provider of home loan advisory services, comparing lenders and loan options. The company offers guidance on loan amounts, tenure, and interest rates based on income and property type. It assists with funding for business, education, or personal needs, leveraging property value. The company also facilitates home loan balance transfers and funding for construction or renovation projects.
Key facts about BASIC Home Loan
- Founded Year: 2020
- Location: Gurugram (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $24.6M
- Employee Count: 438 as on Aug 31, 2025
- Investors: Crescent Enterprises, Innoven Capital and 59 Others
- Latest Funding Round: Series B, Feb 17, 2026, $*****
- Highlight: Editors' Pick
4. Snap-E Cabs
Operator of electric vehicle transportation services providing ride bookings via application. The company offers a mobile application for booking rides. It provides electric car transportation services. The company focuses on offering secure and sustainable travel options.
Key facts about Snap-E Cabs
- Founded Year: 2022
- Location: Kolkata (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $5M
- Employee Count: 3,035 as on Aug 31, 2025
- Investors: Yellowrain, Faad Capital and 5 Others
- Latest Funding Round: Seed, Sep 11, 2025, $*****
- Highlight: Editors' Pick

5. Magenta
Provider of electric vehicle fleets and charging infrastructure management services. Operations include the deployment of battery-powered transport vehicles for logistics and delivery requirements. Technical systems facilitate fleet monitoring through data analytics and software integration. Charging hardware is installed to support the transition to electric mobility for commercial transport activities.
Key facts about Magenta
- Founded Year: 2018
- Location: Navi Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $49.5M
- Employee Count: 292 as on Jul 31, 2025
- Investors: Shell, Trifecta Capital and 60 Others
- Latest Funding Round: Series A, Mar 02, 2026, $*****
- Highlight: Editors' Pick
Acquired companies in Yellowrain's Portfolio
3 companies from Yellowrain's portfolio have been acquired. The most recent acquisition was PensionBox in Feb 2026 by Rainmatter for $*****.Here are Yellowrain's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 11, 2026 | - | - | 5905 | |
Oct 15, 2024 | - | - | 9837 | |
May 16, 2024 | - | - | 4492 |

