About Zone Startups
Zone Startups, an accelerator and incubator program founded in 2014, is based in Mumbai, India. With a presence in 3 countries, it has supported around 12 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, Zone Startups has witnessed 1 portfolio exit. Most notable companies in
its portfolio include Periwinkle Technologies, Uncanny Vision and Fundiin. The program is backed by a team of 6 people who primarily support Seed startups based in India. Its latest investment was a Undisclosed Seed round in Acumen Iotronics on 2023.
Key Metrics
Founded Year
2014
Location
Mumbai, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Zone Startups' List of Top Investments
Zone Startups has a portfolio of 12 companies. Their most notable investments are in Periwinkle Technologies and Fundiin.Their portfolio spans across Vietnam, India and Canada. They have invested in Enterprise Applications, High Tech, FinTech and 5 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by Zone Startups:_1580205753900.png?format=webp&height=120&width=120){kind=logo}
Periwinkle Tech develops devices for detecting cervical abnormalities. It screens precancerous lesions, infections, erosions, polyps in minimal healthcare settings and helps in timely treatment. It also prevents painful, invasive treatment.
Key facts about Periwinkle Technologies
- Founded Year: 2013
- Location: Pune (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $597K
- Employee Count: 34 as on Aug 31, 2026
- Investors: ACT Grants, Maharashtra State Innovation Society and 9 Others
- Latest Funding Round: Grant (prize money), 2022, $*****
- Highlight: Editors' Pick
Provider of AI based computer vision solutions. Its product portfolio includes AI-based automatic number plate recognition systems, vehicle detection, tracking, counting, and classification systems, and cloud-based integrated video analytics systems. Features include remote monitoring, cloud storage, geofencing, human and vehicle detection, notification alerts, people counting and tracking, and real-time event notifications. It has applications in smart parking, ATMs, smart cities, retail, and perimeter protection.
Key facts about Uncanny Vision
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.79M
- Employee Count: 87 as on May 01, 2026
- Investors: Cisco, Manipal Group and 51 Others
- Latest Funding Round: Seed, Jun 25, 2020, $*****
- Highlight: Acquired
3. Fundiin
Online app-based marketplace offering point-of-sale financing loans to consumers. It allows its users to purchase products from its partnered online merchant stores through buy now pay later loans and allows them to repay through installments via credit/debit cards or bank transfers. Its app is available on iOS and Android devices.
Key facts about Fundiin
- Founded Year: 2018
- Location: Ho Chi Minh City (Vietnam)
- Stage: Series A
- Total Funding till date: $6.8M
- Employee Count: 42 as on Aug 31, 2026
- Investors: JAFCO Asia, Genesia Ventures and 6 Others
- Latest Funding Round: Series A, Oct 18, 2022, $*****
- Highlight: Editors' Pick
4. Quantace
AI-based research company focused on quantitative trading and machine learning for pattern recognition. Leverages quantitative research, data science and AI to provide research that creates a quantitative edge in equity and derivatives, quant methods to identify high-potential investments ahead of the curve, advanced quantitative analysis, and more.
Key facts about Quantace
Provider of resort and golf course services. This entity offers a range of leisure activities including skiing, golfing (membership and public courses), and accommodations. Services encompass lift tickets, equipment rentals, condo rentals, and various resort amenities. The golf component includes a driving range and academy. The resort also provides concierge services and manages bookings for its facilities. A comprehensive online platform facilitates reservations and information access.
Key facts about Synervoz Communications
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Seed
- Employee Count: 19 as on Sep 30, 2026
- Investors: Salesforce Ventures, FundersClub and 9 Others
- Latest Funding Round: Seed, Jan 04, 2017, $*****
Zone Startups' Year-on-Year Investment Trends
Zone Startups has invested in 12 companies over the last 10 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Acumen Iotronics and most recent follow-on round was in Fundiin.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 1 | 1 |
2021 | 1 | 1 | 2 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Zone Startups' Investments by Stage
Zone Startups has made 3 investments in Seed stage and 1 investment in Grant (prize money) stage.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
Zone Startups' Investments by Sector
Zone Startups has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Financial Services. Notably, it has invested in 7 Tech companies, 6 Enterprise (B2B) companies, 4 Software companies and at least 3 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
High Tech | 2 |
Consumer | 1 |
FinTech | 1 |
Financial Services | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Zone Startups' Investments by Geography
Zone Startups has made most investments in India (3), followed by Vietnam where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 3 |
Vietnam | 1 |
Note: We have considered here, only first round of investments
Zone Startups' recent investments
Zone Startups has not made any investment in 2026 so far.Here are the most recent investments by Zone Startups:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
2023 | India | Seed | 8125 | - | |
Oct 18, 2022 | Vietnam | Series A | 4695 | [+5] | |
Sep 13, 2021 | Vietnam | Seed | 1336 | [+3] | |
Mar 31, 2021 | Vietnam | Seed | 2339 | ||
Nov 02, 2017 | India | Seed | 7410 | - |
Acquired companies in Zone Startups' Portfolio
1 company from Zone Startups' portfolio has been acquired. The most recent acquisition was Uncanny Vision in Sep 2021 by Eagle Eye Networks for $*****.Here are Zone Startups' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 30, 2021 | Nov 21, 2016 | Grant (prize money) | 2152 |
Team profile of Zone Startups
Zone Startups has a team of 6 members including 1 Partner and 2 Principals located in India and Canada. Zone Startups' team does not sit on the board of any company as of now.Here is a list of all team members in Zone Startups:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | - | ||
Principal | Mumbai | - | - | |
Principal | Thane | - |
Co-investors of Zone Startups
Over the past 10 years, 55 investors have co-invested in Zone Startups's portfolio companies. This includes funds and angels.
- Invested before Zone Startups: Kaushik Gala, Devadas Parakkal and 1 other have invested in rounds before Zone Startups. There is 1 company where Kaushik Gala has invested before Zone Startups and 1 company where Devadas Parakkal has invested before Zone Startups.
- Top Co-investors of Zone Startups: 1982 Ventures entered a company along with Zone Startups.
- Invested after Zone Startups: A total of 51 investors have invested in Zone Startups's portfolio after their investments. Top Investors include BRTSIF (1 company) and empoWer (1 company).
Recent News related to Zone Startups
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Fundiin raises $5 million investment in Series A roundVietnam Investment Review•Oct 18, 2022•Fundiin, Trihill Capital, ThinkZone, Zone Startups and 3 others
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Buy-now-pay-later startup Fundiin raises US$1.8m in seed roundThe Business Times•Sep 15, 2021•Fundiin, Genesia Ventures, JAFCO Asia, Affirm and 2 others
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Vietnam Based Bnpl Fintech Fundiin Secures Strategic Investment To Further Expand Business OperationsCrowdfund Insider•Apr 06, 2021•Fundiin, 1982 Ventures, Zone Startups
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Vietnamese BNPL startup scores backing from 1982 VenturesTech in Asia•Mar 31, 2021•Fundiin, 1982 Ventures, Zone Startups
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Fundiin Receives Financing For Its Vietnam-focused BNPL PlatformVOLANEWS•Mar 31, 2021•Fundiin, 1982 Ventures, Zone Startups
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Fundiin receives financing for its Vietnam-focused BNPL platforme27•Mar 31, 2021•Fundiin, 1982 Ventures, Zone Startups
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Zone Startups India partners with Startup India to launch online incubation programme for women entrepreneursYourStory•Jul 29, 2020•Zone Startups
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Zone Startups Calgary to offer support to early-stage AgTech startups through new partnershipBetaKit•May 05, 2020•Zone Startups
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Palava Accelerator Invites Tech Startups to Help Build Cities of the FutureNews Experts•Mar 30, 2019•Lodha Group, Zone Startups
