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The Venture Codex

Ministry of Electronic and IT

Electronics Niketan, 6, CGO Complex, Lodhi Road, New Delhi, Delhi, 110003, India

Overview

MeitY Startup Hub is a coordination, facilitation and monitoring centre that will integrate all the incubation centres, start-ups and innovation related activities of MeitY.

Total investments
3
Lead investments
0
Investments · 12mo
1
Active investors
0
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Investment portfolio

  • SpaceFields

    Participated · Series A · Sep 2025

    Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields designs and manufactures solid-fuel powered propulsion systems for UAVs, rockets, and spacecraft. The company targets both defence and commercial aerospace markets and has already secured four defence contracts through the Ministry of Defence’s iDEX initiative. SpaceFields holds patents on four indigenously developed propulsion technologies, underscoring its technical differentiation. Management plans to use fresh capital to scale manufacturing capacity, obtain key regulatory certifications, and expand engineering, operations, and business teams. The firm is positioning itself as a provider of critical, sovereign, dual-use technologies within India’s defence and aerospace value chain. To date, SpaceFields has raised a cumulative $6.3 million, including a $1.3 million seed round earlier in 2024 and the current pre-Series A financing.

  • MindPeers

    Participated · Seed · Jan 2023

    MindPeers offers an AI-powered, gamified mental fitness SaaS app that integrates mental fitness and biometric data to promote mental well-being and improve overall performance. The app measures mental fitness and finds correlations between mental health and biomarkers, and features self-assessment tools to track mood and emotional patterns. MindPeers combines technological empathy and human expertise to deliver science-backed interventions and personalized modules, and it connects users with mental health trainers, clinical psychologists, and psychiatrists. The platform aims to provide standardized treatment with measurable data outcomes for employees and consumers. The company is described as Singapore-based and operates as Mindpeers India Private Limited. In January 2023 MindPeers raised $500,000 in a seed funding round led by Venture Catalysts.

  • ThatMate

    Participated · Equity · May 2021

    ThatMate is an Android app launched in October 2020 that offers sexual and mental wellness support for adolescents through an AI-powered interactive bot called Bolo. The app delivers education via interactive comic books, gamified user journeys, knowledge quizzes, and age-appropriate unlocks based on behavioural insights to guide teens through puberty, relationships, self-image, peer pressure, and stress. Founders Madhavi Jadhav and Nishant Neeraj developed the product after participating in Rebalance Accelerator’s inaugural 2019 cohort. The startup says it has gained significant momentum across India and has partnered with the Jharkhand government and UNICEF to help six lakh students. ThatMate plans to focus on content, core product building, marketing, and hiring to expand its reach across India. Financially, the company recently raised $140,000 in an angel round.

Team

No current team members are available.