Where is FITT's headquarters located?

FITT's headquarters is located in Delhi (India).

How big is FITT's investment team?

FITT has a team of 55, including 5 partners.

How many companies has FITT invested in?

FITT has invested in 103 companies, including Clensta & Vecmocon.

Which companies has FITT invested in lately?

Aegion & DronaMaps are the latest investments by FITT.

FITT - 2026 Investor Profile, Portfolio, Team & Investment Trends

FITT, an accelerator and incubator program founded in 1992, is based in Delhi, India. With a presence in 3 countries, it has supported around 103 startups in sectors like High Tech, Environment Tech. Most notable companies in its portfolio include Clensta, Vecmocon and BlackFrog Technologies. The program is backed by a team of 55 people who primarily support Seed startups based in India. Its latest investment was a $17.6K Seed round in Aegion on Dec 20, 2024.

Key Metrics

Founded Year

1992

Location

Delhi, India

Portfolio Companies

Clensta, Vecmocon & 101 more

Sectors of Investment

High Tech, Environment Tech & 28 more

Stages of Investment

Seed

Locations of Investment

India, United States & 1 more

View FITT's full profile

FITT has a portfolio of 103 companies. Their most notable investments are in MachPhy and MachPhy.Their portfolio spans across India, United States and Malaysia. They have invested in High Tech, Environment Tech, Food and Agriculture Tech and 27 other sectors, across stages such as Seed stage. Here is the list of top investments by FITT:

1. Clensta

Provider of D2C personal care brand powered by science and nature. The platform offers products including skincare, haircare, home, and wellness products. Its product formulations avoid harmful chemicals and are cruelty-free, SLS-free, paraben-free, and more.

Key facts about Clensta

Founded Year: 2016
Location: Delhi (India)
Annual Revenue: ₹78.7Cr as on Mar 31, 2024
Valuation: $*****
Stage: Series B
Total Funding till date: $12.8M
Employee Count: 72 as on Mar 31, 2026
Investors: Amazon, SoftBank Group and 94 Others
Latest Funding Round: Series B, Oct 10, 2024, $*****
Highlight: Editors' Pick

2. Vecmocon

Developer of battery management systems, chargers, vehicle intelligence modules, and clusters. The company provides components engineered for electric vehicle ecosystems. These components include battery management systems for swappable or fixed battery packs. Vehicle intelligence modules act as the vehicle's brain, facilitating communication between subsystems. The company also offers chargers and instrument clusters for critical information display.

Key facts about Vecmocon

Founded Year: 2016
Location: Noida (India)
Annual Revenue: ₹34.6Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $24M
Employee Count: 284 as on Aug 31, 2025
Investors: Tiger Global Management, British International Investment and 30 Others
Latest Funding Round: Series A, Nov 14, 2024, $*****
Highlight: Editors' Pick

3. BlackFrog Technologies

Provider of a portable temperature-regulated carrier for biologicals cold‑chain delivery solutions. It offers a portable medical-grade refrigeration system for the effective transportation of vaccines, insulin, breast-milk, blood-serums, medications and specimens with minimal freeze-thaw cycles and can maintain 2–8 °C for 10–20 h depending on conditions. It uses thermoelectric cooling with PID control and IoT-based live temp and location tracking.

Key facts about BlackFrog Technologies

Founded Year: 2015
Location: Manipal (India)
Annual Revenue: ₹2.36Cr as on Mar 31, 2025
Valuation: $*****
Stage: Seed
Total Funding till date: $2.01M
Employee Count: 37 as on Aug 31, 2025
Investors: Manipal Group, Social Alpha and 11 Others
Latest Funding Round: Seed, Jan 08, 2025, $*****

4. Vayudh

Developer of tactical and commercial UAV systems, including drones and components. It designs, manufactures, and deploys complete UAV systems for defense and commercial applications. The company offers battle-ready drones for reconnaissance and intelligence, along with precision-engineered flight controllers, ESCs, and RTK-GPS components. It also develops full-stack drone technology, in-house software, and AI systems, emphasizing rigorous testing, quality assurance, advanced manufacturing, precision engineering, PCB design, custom electronics, security, and data integrity.

Key facts about Vayudh

Founded Year: 2016
Location: Delhi (India)
Annual Revenue: ₹48.5Cr as on Mar 31, 2025
Stage: Series B
Total Funding till date: $13.5M
Employee Count: 74 as on May 31, 2025
Investors: Florintree, Dharana and 9 Others
Latest Funding Round: Series B, Apr 17, 2025, $*****
Highlight: Editors' Pick

5. BotLab Dynamics

Provider of a research-oriented startup that develops and offers autonomous drone technology solutions, including light shows and swarm technology, for various applications.

Key facts about BotLab Dynamics

Founded Year: 2016
Location: Delhi (India)
Annual Revenue: ₹48.5Cr as on Mar 31, 2025
Valuation: $*****
Stage: Series A
Total Funding till date: $14.3M
Employee Count: 98 as on Aug 31, 2025
Investors: Florintree, Dharana and 14 Others
Latest Funding Round: Series A, Apr 17, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

FITT has invested in 103 companies over the last 19 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in DronaMaps and most recent follow-on round was in Aegion.

Here are FITT's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	5	3	8
2023	3	1	4
2022	1	1	2
2021	2	1	3
2020	0	0	0
2019	2	0	2
2018	0	0	0
2017	2	0	2

View all investments by FITT

FITT has made 16 investments in Seed stage with an average round size of $216K.

View all investments by FITT

FITT has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense Tech, Enterprise Applications, Environment Tech and Sustainability Tech. Notably, it has invested in 74 Tech companies, 68 Enterprise (B2B) companies, 46 Tech hardware companies and at least 29 companies focusing on Consumer (B2C).

Here are FITT's investments by sector:

Sector	No. of Investments
High Tech	11
Aerospace, Maritime and Defense Tech	8
Enterprise Applications	4
Environment Tech	4
Sustainability Tech	4
Others	28

Note: We have considered here, only first round of investments

View all investments by FITT

FITT has made most investments in India (16).

View all investments by FITT

FITT has not made any investment in 2026 so far.

Here are the most recent investments by FITT:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Dec 20, 2024	Aegion	India	Seed	1831	-
Jun 21, 2024	DronaMaps	India	Seed	3855	Nahata Brothers Accretion
Apr 10, 2024	Aerosys Aviation	India	Seed	3891	-
Mar 26, 2024	Zerodrag	India	Seed	3210	-
Mar 23, 2024	MachPhy	India	Seed	6901	-

See more recent investments made by FITT

FITT has a team of 55 members including 5 Partners and 10 Principals located in India. FITT's team sits on the board of 1 company.

Here is a list of top team members in FITT:

Name	Designation	Location	Board Memberships	Contact Details
Nikhil Agarwal	Partner	-	-	1 Email, 2 Phone numbers
Tarun Chaturvedi	Partner	India	-	2 Emails
Gaurav Jain	Partner	India	-	2 Emails, 1 Phone number
Uttam Aswal	Partner	India	-	2 Emails, 1 Phone number
Gautam Kumar	Partner	-	-	2 Emails, 1 Phone number
Namita Gupta	Principal	Delhi	-	2 Emails, 1 Phone number

View team details of FITT

Over the past 19 years, 359 investors have co-invested in FITT's portfolio companies. This includes funds and angels.

Invested before FITT: DST, Modulor Capital and 96 others have invested in rounds before FITT. There is 1 company where DST has invested before FITT and 1 company where Modulor Capital has invested before FITT.
Top Co-investors of FITT: 96 investors entered a company along with FITT. These include investors like Singhvi Heritage (2 companies).
Invested after FITT: A total of 165 investors have invested in FITT's portfolio after their investments. Top Investors include LetsVenture (4 companies) and Angel List (2 companies).