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Ideaforge Technology, a graduate incubatee company and India's largest drone manufacturerhas now been publicly listed company on NSE and BSE. The company's story of incubation-to-IPO is the first from an academic-backed incubator in the country. The company received an exceptional response with an oversubscription of 106 times and also the IPO doubled the wealth of its shareholders. |
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SINE hosted its 19th Foundation Day on 13th April 2023 with the theme ‘Celebrating SINE Startups’. Eminent SINE startup founders shared their incredible journey with the audience. A few of our incubatees took this opportunity to showcase their products.
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- InspeCity, a spacetech startup, raised $1.5 million in pre-seed funding from VC funds led by deep-tech investor, Speciale Invest. Other investors include Antler India and Veda VC.
- ImmunoACT, a cutting-edge cell & gene therapy business, raised close to $10 million from existing investor Laurus Labs Limited.
- Atomberg Technologies raised $86M in Series C round led by Temasek and Steadview Capital.
- Safe Security, AI-driven platform to manage and mitigate cyber risk, raised $50 million Series B funding from Sorenson Capital.
- Entropik, a human insights company, has raised $25M in a Series B funding round led by Bessemer Venture Partners and SIG Venture Capital.
- SwitchOn, an AI-based vision inspection startup, raised $4.2 million in Series A round led by a Singapore-based fund. Existing investors including Axilor Ventures, Pi Ventures, and angel investors participated in the round.
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SEDEMAC, a hardware startup, received investment from Cyrus Guzder, Chairman, AFL.
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- UrjanovaC: A cleantech startup that has developed a patented catalyst for capturing carbon dioxide from flue gas & air.
- Kore Additive Manufacturing And Medical Reconstruction Pvt Ltd: A biotech startup working on a novel biomaterial used in making bio-printed transplantable organs.
- Mwin Fintech Pvt Ltd: A B2B2C fintech platform (HiSave) that maximizes customer engagement through loyalty solution tools.
- Senseqube Technologies Pvt Ltd: Startup providing IoT and AI-based smart irrigation and nutrition assistant solution.
- Unino Healthcare Pvt Ltd: A health-tech startup that has developed a chest tube sealing and securement device that prevents the reoccurrence of trauma induced (iatrogenic) pneumothorax .
- Plantish Foods Pvt Ltd: A food-tech startup developing plant-based alternatives to eggs.
- Oko Icare Solutions Pvt Ltd: A health-tech startup that has developed a portable, non-invasive device for early detection of Glaucoma.
- Shuvoneel RAS System Pvt Ltd: A technology startup that has developed blockchain-based integrated supply chain platform for the fisheries and aquaculture industry.
- Prameela Life Sciences Pvt Ltd: A technology startup that is working on developing advanced iminosugar-based probiotic skin care formulations.
- Doto Health Pvt Ltd: A healthcare service provider offering quality care to women using digital platform and point-of-care devices.
- Bulfro Monitech Pvt Ltd: Startup developing technology for water sustainability.
- Kalbhorz Electric Pvt Ltd: A e-mobility startup working on axial flux technology for electric motors and drives.
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Peppermint Robotics, a full-stack robotics company, unveils the next generation of commercial floor cleaning Robots (scrubber dryer). It offers an array of features that enhance productivity and ease of operation. |
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Entropik, a human insights AI-based company, announced the launch of Decode, an innovative Integrated Consumer Research Platform powered by Emotion AI. Decode streamlines research processes and enhances productivity. |
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IdeaForge, a drone manufacturer startup, won CNBC-TV18 India Business Leader Awards (IBLA) and got recognised as ‘The Disrputor’. Also, during the National Technology Week 2023 organized by DPIIT, GoI, the startup won the National Technology Award for the indigenously developed fixed-wing VTOL Switch UAV.
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TriNANO Technologies, a nano-coating startup, was one of the finalists in ‘Mercom India Startup Technology Showcase' at Mercom India Renewables Summit, considered as India’s most prestigious renewable energy event.
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Saral Designs is a leading manufacturer of automatic and semi-automatic low-cost machines for production of sanitary pads, masks, adult diapers, and pantiliners. The company recently achieved a milestone of shipping 100 machines to 12 countries.
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Indra Water, a wastewater management startup, got featured in the Top 100 Indian Innovations (2022), under the decentralized wastewater treatment and recycling category announced by Indian Innovators Associations.
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Ayati Devices Pvt. Ltd, a MedTech startup, won 2nd prize in ZS Prize Advancing Healthcare Innovation Award. ZS Prize recognizes and celebrates innovation in healthcare using data, analytics, and advanced technology. |
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Entropik, a human insights company, has been awarded a patent for its 'Multimodal Emotion AI Technologies.' With this achievement, Entropik becomes the sole owner of a multimodal Emotion AI patent, solidifying its position as a frontrunner among advanced AI companies worldwide.
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SINE conducted the following Power Hour Biotech Series |
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Ankur Capital, in collaboration with SINE and Hello Tomorrow Asia Pacific, hosted TechSprouts Deep Science Forum 2023 at IIT Bombay. Poyni Bhatt, CEO, SINE, participated as a panel member for the session titled ‘Fundraising for Deep Science Startups’.
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SINE START, a training program for early stage incubtees at SINE was hosted in the month of May. Startup founders were taken through different sessions covering various aspects of entrepreneurship and venture creation by startup founders and industry experts from various domains such as technology, product development, sales & marketing, and legal.
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Azure Society of Excellence (ASE) hosted a webinar powered by Microsoft in partnership with SINE, on Generative AI and Machine Learning. 100+ participants participated in the webinar and interacted with the speaker Ms. Shweta Gaur, Director of Product Marketing, Analytics & AI at Microsoft.
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TiEcon Mumbai 2023 Startup Expo was held at Jio World Convention centre, with the theme "Unboxing India 3.0 - Anti Fragile, Conscious, Innovating”. 200+ startups participated in the event. SINE being one of the associate sponsors, took this opportunity to set up a stall and interacted with attendees.
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The Annual CSR Conclave 2023 held at IIT Bombay campus with the theme 'Technology for Development' brought together corporate changemakers and researchers to explore the potential of technology in nation-building and to address developmental challenges. SINE's stall showcased startups that benefited from CSR support and its positive impact on innovation and development.
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SINE has entered into MOUs with the following corporates, investors, and services providers. |
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- HDFC Bank: Support startups through CSR funds under their Parivartan SmartUp grants.
- IDFC First Bank: Support startups through IDFC’s Leap To Unicorn platform.
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- Transition Venture Capital: Support startups in the e-mobility, new energy, net zero & decarbonization, green hydrogen domain.
- YourNest VC: Support startups in the deep tech domains such as AI, IoT, robotics, AR/VR/MR, development tools, and edge cloud.
- Piper Serica: Support deep-tech startups across sectors.
- Colossa Ventures: Support women entrepreneurs working in the areas of health tech, agritech. fintech, deeptech and sustainability sectors.
- Artha 99 AIF: Support startups in EV, D2C, SaaS, Generative AI, etc domains.
- Java Capital: Supports startups in deep tech, SaaS & cleantech domain.
- The Barbershop with Shantanu Bombay Shaving Company: Provides visibility to startups through its popular Youtube show - 'The Babershop with Shantanu'.
- Capital 2B - Support startups working in the deep tech, SaaS, DevTools, AI/ML, and fintech sectors.
- Merak Ventures: Support startups in B2B and emerging technologies space.
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Celesta Capital, an early-stage deeptech venture capital fund, engaged with SINE to explore deeper prospects for collaboration and engagement for fostering innovation and entrepreneurship in academic settings.
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Spanish multinational enterprise Ferrovial visited SINE to look into possible collaborations to promote early-stage businesses in the infrastructure and infrastructure services industry.
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Representatives from Japanese industry visited SINE and interacted with a few of our startups to explore potential partnerships and collaboration.
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A delegation from Panasonic Life Solutions India Pvt. Ltd. (Solar Business Unit) (R & D Team) visited SINE to understand about the ideas and solutions being created by our startups. The team interacted with startups in the area of sustainability and energy saving.
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A Western Australia Ministerial delegation interacted with SINE to understand about the innovations and entrepreneurial ecosystem within IIT Bombay. The delegation also explored possible collaboration with SINE.
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"It's fine to celebrate success but it is more important to heed the lessons of failure"
-Bill Gates
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