About IIM Lucknow Enterprise Incubation Center
IIM Lucknow Enterprise Incubation Center is a venture capital firm founded in 2011. It is primarily based out of Noida, India. As of Apr 2025, IIM Lucknow Enterprise Incubation Center is an active investor, having invested in 116 companies, with 4 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Food and Agriculture Tech. Most recently it led the Undisclosed Seed round of Worker Union Support along with SIDBI. This round also saw participation from Startup Incubation and Innovation Centre and other investors.
A lot of funds co-invest with IIM Lucknow Enterprise Incubation Center, with names like Balmer Lawrie & Co. sharing a substantial percentage of its portfolio.
IIM Lucknow Enterprise Incubation Center has team of 22 people including 8 partners.
Key Metrics
Team Members
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Portfolio Count
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Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series B
Deals in last 12 months
IIM Lucknow Enterprise Incubation Center's Year-on-Year Investment Trends
IIM Lucknow Enterprise Incubation Center has invested in 116 companies over the last 8 years, with an average of 3 new investments annually in the last 5 years. In 2024, it made 8 investments, while as of Apr 2025, it has made 1 investment in this year. Its most recent first time investment was in Worker Union Support and most recent follow-on round was in Aadrila.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 1 | 0 | 1 |
2024 | 8 | 0 | 8 |
2023 | 1 | 2 | 3 |
2022 | 5 | 0 | 5 |
2021 | 1 | 0 | 1 |
2020 | 2 | 0 | 2 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 3 | 0 | 3 |

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IIM Lucknow Enterprise Incubation Center's Investments by Stage
IIM Lucknow Enterprise Incubation Center has made 21 investments in Seed stage with an average round size of $116K and 1 investment in Series B stage with an average round size of $10M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 21 |
Series B | 1 |
IIM Lucknow Enterprise Incubation Center's Investments by Sector
IIM Lucknow Enterprise Incubation Center has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, Artificial Intelligence - Industry Applications and FinTech. Notably, it has invested in 86 Tech companies, 59 Enterprise (B2B) companies, 43 Consumer (B2C) companies and at least 40 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 10 |
High Tech | 8 |
Consumer | 7 |
Artificial Intelligence - Industry Applications | 3 |
FinTech | 3 |
Others | 31 |
IIM Lucknow Enterprise Incubation Center's Investments by Geography
IIM Lucknow Enterprise Incubation Center has made most investments in India (22).
IIM Lucknow Enterprise Incubation Center's recent investments
Here are the most recent investments by IIM Lucknow Enterprise Incubation Center:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Apr 28, 2025 | India | Seed | Undisclosed | SIDBI [+2] | |
Sep 30, 2024 | India | Seed | $239K | Balmer Lawrie & Co. [+2] | |
Aug 05, 2024 | India | Seed | ₹10³¢ | - | |
Jun 01, 2024 | India | Seed | $375K | [+48] | |
Apr 14, 2024 | India | Seed | $29.9K | - |
Team profile of IIM Lucknow Enterprise Incubation Center
IIM Lucknow Enterprise Incubation Center has a team of 22 membersÌý¾±²Ô³¦±ô³Ü»å¾±²Ô²µ 8 Partners and 10 PrincipalsÌýlocated in India. IIM Lucknow Enterprise Incubation Center's team sits on the board of 1 company.Here is a list of top team members in IIM Lucknow Enterprise Incubation Center:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Noida | - | - | |
Partner | Noida | - | - | |
Partner | Delhi | - | - | |
Partner | Noida | - | - | |
Partner | Noida | - | ||
Partner | Noida | - | - | |
Partner | Mumbai | - | - | |
Partner | Delhi | - | - | |
Principal | Delhi | - | - | |
Principal | Delhi | - | - | |
Principal | India | - | - |
Co-investors of IIM Lucknow Enterprise Incubation Center
Over the past 8 years, 140 investors have co-invested in IIM Lucknow Enterprise Incubation Center's portfolio companies.
- Invested before IIM Lucknow Enterprise Incubation Center:Ìý, Minal Shrikant Kapare and 38 others have invested in rounds before IIM Lucknow Enterprise Incubation Center. There are 1 company where Shardul Suresh Adkar has invested before IIM Lucknow Enterprise Incubation Center and 1 company where Minal Shrikant Kapare has invested before IIM Lucknow Enterprise Incubation Center.
- Top Co-investors of IIM Lucknow Enterprise Incubation Center:Ìý63 investors entered a company along with IIM Lucknow Enterprise Incubation Center. These include investors like Balmer Lawrie & Co. (1 company).
- Invested after IIM Lucknow Enterprise Incubation Center:ÌýA total of 37 investors have invested in IIM Lucknow Enterprise Incubation Center's portfolio after their investments. Top Investors include ONGC (2 companies), SINE (1 company) and (1 company).

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Recent News related to IIM Lucknow Enterprise Incubation Center
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Asian News International•Apr 28, 2025•Worker Union Support, SIDBI, Pentland Ventures, IIM Lucknow Enterprise Incubation Center
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Asian News International•Jul 13, 2023•IIM Lucknow Enterprise Incubation Center,
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Indiatimes•Oct 17, 2022•SanchiConnect, Indian Institute of Management, IIM Lucknow Enterprise Incubation Center
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