The Indian Institute of Technology Bombay (IIT Bombay) says its IDEAS program recorded 62 startup registrations from 2018 to 2024, while one company it incubated went public in March 2026.
The Desai Sethi School of Entrepreneurship says IDEAS had more than 750 participants during that period. It recorded 239 Level 1 teams, 100 advancing to Level 2 and 21 selected by SINE; the program also lists a network of 100 alumni mentors. These figures describe program activity and registrations, not how many businesses survived or became profitable.
The Society for Innovation and Entrepreneurship (SINE), IIT Bombay’s technology business incubator, announced a 250-crore-rupee (₹2.5 billion) fund on Dec. 9, 2025. It aims to invest at the pre-seed and seed stages in 25 to 30 deep-tech startups from IIT Bombay and other academic and research institutions, with a maximum investment of 15 crore rupees (₹150 million) per company.
IIT Bombay says deep-tech ventures can take longer to commercialize and need more capital, making specialized guidance and access to markets important. The fund names artificial intelligence, advanced computing, advanced manufacturing, advanced materials, nuclear technology, space and defense technology, climate and clean technology, and life sciences and health care as target areas.
SEDEMAC Mechatronics Pvt. Ltd. shows the research commercialization route. IIT Bombay says the company grew from research by Professor Shashikanth Suryanarayanan and his students, joined SINE in 2008 and went public in March 2026. The institute calls it the second company from SINE’s ecosystem to hold an IPO, following IdeaForge.
Alumni-founded companies illustrate another path. BrowserStack identifies Ritesh Arora as co-founder and CEO and Nakul Aggarwal as co-founder and CTO. The company says the pair struggled to assess websites across different devices, operating systems and browsers before founding the software-testing business. BrowserStack says it raised $200 million at a $4 billion valuation in 2021.
CoinDCX says IIT Bombay alumni Sumit Gupta and Neeraj Khandelwal established the crypto company in 2018. IIT Bombay identifies 2017 computer science graduates Soham Ganatra and Karan Vaidya as co-founders of San Francisco-based Composio; Lightspeed said in July 2025 that it led a $25 million Series A for the company.
A 2024 Inc42 report based on LinkedIn data ranked IIT Bombay first among schools represented in its sample of founders at Indian soonicorn companies. School information was unavailable for 33 of the 246 founders reviewed, so the ranking reflects representation in that sample rather than graduate success or the effect of the institute.
