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Incubate Fund India

45/1 Magrath Road, Ashok Nagar, Bengaluru, Karnataka, 560025, India

Overview

Seed and pre-seed stage venture capital fund.

Founded

2016

Deals ยท 12mo

6

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

India
United Kingdom

Sector focus

Consulting
Financial Services
Venture Capital

Investment portfolio

15rounds
NAMEDATESIZE
Fairdeal
May 2026Participated
$15 MSeries A
Pulse
Feb 2026Participated
$4 MSeed
Intellend Technologies
Jan 2026Led
$1 MSeed
Flent
Jan 2026Led
$2 MSeries A
Lumov
Dec 2025Led
$1 MSeed
Yuvrit Ayurveda
Nov 2025Led
$0.80 MSeed
Fairdeal
Aug 2025Led
$3 MSeries A
Stride Green
Jun 2025Led
$4 MSeed
INCLUD
Apr 2024Led
$2 MSeed
BuyEazzy
Jan 2024Participated
$4 MSeries A
AndesInfra Solutions
Jul 2023Participated
$1 MSeed
Tamasha
Oct 2021Participated
$3 MSeries A
Fairdeal
May 2026Participated
$15 MSeries A
Pulse
Feb 2026Participated
$4 MSeed
Intellend Technologies
Jan 2026Led
$1 MSeed
Flent
Jan 2026Led
$2 MSeries A
Lumov
Dec 2025Led
$1 MSeed
Yuvrit Ayurveda
Nov 2025Led
$0.80 MSeed
Fairdeal
Aug 2025Led
$3 MSeries A
Stride Green
Jun 2025Led
$4 MSeed
INCLUD
Apr 2024Led
$2 MSeed
BuyEazzy
Jan 2024Participated
$4 MSeries A
AndesInfra Solutions
Jul 2023Participated
$1 MSeed
Tamasha
Oct 2021Participated
$3 MSeries A
15
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Incubate Fund India: 15 funding rounds are recorded in the selected participation categories.All available history.
Incubate Fund India: 15 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed62
Series A34

Monthly Deal Activity

Incubate Fund India: 15 deals are recorded across 75 months.All available history.
Incubate Fund India: 15 deals are recorded across 75 months. All available history
MonthDeals
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '251
Jul '250
Aug '251
Sep '250
Oct '250
Nov '251
Dec '251
Jan '262
Feb '261
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Incubate Fund India: E-Commerce & Retail is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Incubate Fund India: E-Commerce & Retail is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
E-Commerce & Retail6
Consumer & Lifestyle3
Health & Life Sciences3
Real Estate & Construction2
Data, Analytics & IT2
Networks, Cloud & Communication2
Marketing & Advertising2
Education & Workforce1
AR/VR1
Transportation & Logistics1
Fintech1
Manufacturing1
Food & Agriculture1
Professional Services1
Gaming & eSports1

Deal Size Distribution

Incubate Fund India: 15 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Incubate Fund India: 15 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M14
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Incubate Fund India: India has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Incubate Fund India: India has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
India14
Europe1
Incubate Fund India: 20 co-investors are shown, with First Cheque sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Incubate Fund India: 20 co-investors are shown, with First Cheque sharing 2 recorded deals. All available history
Co-investorShared deals
First Cheque2
M Venture Partners2
PointOne Capital2
Stride Ventures2
WaterBridge Ventures2
3one4 Capital1
91Ventures1
9Unicorns1
Anicut Capital1
Ankur Capital1
Atrium Angels1
Bertelsmann India Investments1
Chiratae Ventures1
EV31
FounderBank Capital1
Good Capital1
Ice VC1
IIM Indore Alumni Angel Fund1
IIMA Ventures (CIIE)1
Indian Silicon Valley1

Investment Strategy

Incubate Fund India: Led accounts for 60% and participating for 40% of round participation.All available history.
Incubate Fund India: Led accounts for 60% and participating for 40% of round participation. All available history
CategoryDeals (count)Share (%)
Led960%
Participating640%
Incubate Fund India: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
Incubate Fund India: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead667%
Co-led333%

Team

Nao Murakami

Founder & General Partner

Rajeev Ranka

Principal