About SAE
SAE, established in 2010, is an angel investment group based in Mumbai, India. It primarily focuses on Seed investments in companies in India. Its portfolio includes 30 firms, spanning the High Tech, Enterprise Applications sectors. Its most notable investments include companies like Unacademy, Pixxel and Navana. As of Sep 2026, SAE has witnessed 5 portfolio exits. Its latest investment was a $2.1M Seed round in Mave Health on Jul 30, 2025, which also saw participation from Blume Venture and Inuka Capital.
To date, 344 investors have co-invested in SAE's portfolio companies, including prominent names like Paula Mariwala.
Key Metrics
Founded Year
2010
Location
Mumbai, India
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
SAE's List of Top Investments
SAE has a portfolio of 30 companies. Their most notable investments are in Terra.do and Prophesee.Their portfolio spans across India, United States, France and 1 more locations. They have invested in High Tech, Enterprise Applications, Consumer and 17 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by SAE:1. Unacademy
Provider of online educational resources and structured courses for exam preparation. They offer live classes with educator interaction and doubt clearing sessions. The platform provides access to recorded classes for learning anytime, anywhere. Resources include practice sections, mock tests, and downloadable lecture notes.
Key facts about Unacademy
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $880M
- Employee Count: 1,799 as on Jul 31, 2025
- Investors: ABG Capital, Dragoneer Investment Group and 68 Others
- Latest Funding Round: Series H, Aug 01, 2021, $*****
- Highlight: Acquired

2. Pixxel
Operator of imaging satellites providing earth observation data solutions. The company is creating the space infrastructure needed to monitor the health of the planet. The company designs, builds, and operates advanced satellites, starting with the world’s highest-resolution commercial hyperspectral constellation, expanding to a full-stack intelligence layer that combines satellites, data, and analytics. These tools support decision-making across sectors, including agriculture, energy, environment, forestry, mining, and government. The company offers access to imagery and analytics through its platform
Key facts about Pixxel
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $195M
- Employee Count: 177 as on Mar 31, 2026
- Investors: Glade Brook Capital, Temasek and 38 Others
- Latest Funding Round: Series C, Sep 07, 2026, $*****
- Highlight: Editors' Pick

3. Navana
Developer of voice artificial intelligence infrastructure for enterprise applications. The platform provides proprietary speech models designed to understand context and language nuances, enabling businesses to deploy voice agents, transcription systems, and real-time analytics. The technology supports multilingual interactions and is engineered for integration into internal workflows to automate customer engagement and support processes.
Key facts about Navana
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $5.68M
- Employee Count: 22 as on May 01, 2026
- Investors: Bharat Inclusion Initiative, Project Automobiles Bombay and 27 Others
- Latest Funding Round: Series A, Sep 07, 2026, $*****
- Highlight: Editors' Pick
4. Moneytor
Platform offering debt collecting solution. It enables automated debt collection, settlement decision-making, and automated communications. It also provides loan management, analysis, debt recovery, and more.
Key facts about Moneytor
- Founded Year: 2017
- Location: Mumbai (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $954K
- Employee Count: 102 as on Jun 30, 2026
- Investors: LetsVenture, 500 Global and 26 Others
- Latest Funding Round: Seed, Aug 08, 2023, $*****
- Highlight: Editors' Pick

5. Ivory
Provider of neuroscience-backed brain health assessments and games. It offers a mobile application featuring games designed to train specific cognitive domains and assessments to identify early neurodegenerative risks. Personalized cognitive health recommendations are provided by expert clinicians. The app also facilitates cognitive health checkups, including expert consultations and personalized brain health solutions. The games are curated from leading cognitive gaming companies and validated by clinical neuropsychologists. Regular use and periodic reassessments are recommended to track brain health.
Key facts about Ivory
SAE's Year-on-Year Investment Trends
SAE has invested in 30 companies over the last 11 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 3 investments. Its most recent first time investment was in Mave Health and most recent follow-on round was in Terra.do.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 0 | 3 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 0 | 1 | 1 |
2021 | 7 | 1 | 8 |
2020 | 5 | 0 | 5 |
2019 | 4 | 0 | 4 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
SAE's Investments by Stage
SAE has made 22 investments in Seed stage with an average round size of $1.31M and 1 investment in Series A stage with an average round size of $2.73M.Stage of entry | No. of Investments |
|---|---|
Seed | 22 |
Series A | 1 |
Note: We have considered here, only first round of investments
SAE's Investments by Sector
SAE has a diverse portfolio, with companies operating in the HealthTech, Enterprise Applications, Consumer, High Tech and Retail. Notably, it has invested in 30 Tech companies, 20 Consumer (B2C) companies, 20 Software companies and at least 14 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
HealthTech | 9 |
Enterprise Applications | 8 |
Consumer | 7 |
High Tech | 7 |
Retail | 5 |
Others | 29 |
Note: We have considered here, only first round of investments
SAE's Investments by Geography
SAE has made most investments in India (21), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
India | 21 |
United States | 3 |
France | 1 |
Germany | 1 |
Note: We have considered here, only first round of investments
SAE's recent investments
SAE has not made any investment in 2026 so far.Here are the most recent investments by SAE:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 30, 2025 | India | Seed | 6050 | [+15] | |
Jun 04, 2025 | India | Seed | 1193 | [+17] | |
Apr 02, 2025 | India | Seed | 3513 | [+6] | |
Jun 15, 2023 | United States | Seed | 9677 | [+18] | |
Jun 13, 2022 | United States | Seed | 2634 | [+12] |
Acquired companies in SAE's Portfolio
5 companies from SAE's portfolio have been acquired. The most recent acquisition was Unacademy in Mar 2026 by UpGrad for $*****.Here are SAE's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 15, 2026 | - | - | 1447 | |
Oct 09, 2025 | Nov 26, 2021 | Seed | 3483 | |
Jun 10, 2021 | Oct 13, 2020 | Seed | 5839 | |
Feb 16, 2021 | Jun 26, 2019 | Seed | 4426 | |
Oct 24, 2018 | Apr 19, 2016 | Seed | 8605 |
Team profile of SAE
SAE has a team of 5 members located in India. SAE's team does not sit on the board of any company as of now.Co-investors of SAE
Over the past 11 years, 775 investors have co-invested in SAE's portfolio companies. This includes funds and angels.
- Invested before SAE: Angel List, Shailendra Nigam and 304 others have invested in rounds before SAE. There are 3 companies where Angel List has invested before SAE and 3 companies where Shailendra Nigam has invested before SAE.
- Top Co-investors of SAE: 344 investors entered a company along with SAE. These include investors like Paula Mariwala (5 companies).
- Invested after SAE: A total of 125 investors have invested in SAE's portfolio after their investments. Top Investors include Avaana Capital Advisors (2 companies) and Indian Angel Network (2 companies).
Recent News related to SAE
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Mave Health Raises $2.1M in Seed FundingFinSMEs•Mar 18, 2026•Mave Health, Blume Venture, Inuka Capital, SAE and 2 others
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GyanDhan Secures INR 50 Crore Series A to Scale Education Financing Across Tier 2 & 3 India
StartupTalky•Jun 03, 2025•HBS Alumni Angels Association, SAE, GyanDhan, Classplus and 2 others
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Digital health startup Mykare Health secures seed roundEntrackr•Jun 15, 2023•Mykare Health, On Deck, Avaana Capital Advisors, Huddle and 6 others
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Smart home appliances start-up Up raises $1.3 mn in pre-seed fundingBusiness Standard•Nov 10, 2022•The Up Company, Rainmatter, Unacademy, SAE and 1 other
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Tesla’s early investor Tim Draper backs Indian smart home appliance start-up UpBusiness Today•Oct 11, 2022•Draper, REACT Laboratories, SAE
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Wagr raises Rs 4.2 Cr led by IPVEntrackr•Apr 05, 2022•Wagr, Inflection Point Ventures, IvyCap Ventures, SAE
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Wagr Raises INR 4.2 Crore Led by Inflection Point VenturesInflection Point Ventures•Apr 05, 2022•Wagr, Inflection Point Ventures, IvyCap Ventures, SAE and 1 other
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IIT Delhi backed startup raises 20 crores in series ACyberMedia India Online•Dec 09, 2021•Clensta, Venture Catalysts, Inflection Point Ventures, N+1 Capital and 6 others