Research Innovation Incubation Design Laboratory

Research Innovation Incubation Design Laboratory

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Investment Firm

Overview

We created riidl in 2010 to facilitate 38000 students and 1800 faculty of the Somaiya campus.

riidl comprises of 4 major activities: Technology Business Incubator: Our TBI is supported by Somaiya Vidyavihar and Department of Science and Technology, Government of India.

Skill Development: FABLAB (https://www.fablabs.io/riidl) and Do it yourself Biology Lab (http://bioriidl.org/).

Maker Mela (www.makermela.com): Maker Mela had 50000+ visitors and 100 makers from across India. On Jan 13-15, 2017 we are doing the FAN3 (Fablab Asia network) event and Maker Mela together in Mumbai.

Research groups: We have filed 16 patents and are doing research in Microbio, drug discovery (initiating), AI and Machine learning.

Highlights

Founded

2010

Industry

Incubators

Employees

1-10

Investment

3

Lead Investment

1

Exits

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Stages

Seed

Investor Type

Incubator

Location

India, Asia

Contact Information

Social

Profile Resume

Research Innovation Incubation Design Laboratory, established in 2010 and headquartered in India, Asia., specializes in Seed investments across Software, Education, Higher Education, Internet, Micro Lending, Financial Services, Venture Capital, Finance, E-Learning. Their recent investments include Offee, Pocketly, Scale Venture Partners, MicroDegree. The highest investment round they participated in was $7.6M. Among their most notable exits are Offee and Pocketly. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Gaurang Shetty

Gaurang Shetty

Chief Innovation Catalyst & CEO

Investment portfolio

Research Innovation Incubation Design Laboratory has made 3 investments. Their most recent investment was on Nov 08, 2023, when Offee raised $630.9K.

investments

3

Diversity investments

0

Lead investments

1

Number of exits

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Investments

3

Annouced DateOrganization NameIndustryMoney Raised
Jun 22, 2021
MicroDegree MicroDegree
Educationnull
Jul 05, 2021
Pocketly Pocketly
Internetnull
Nov 08, 2023
Offee Offee
Software630.9K

Exits

0

Funding Timeline

Funding rounds

3

Investors

0

Funds

0

Funding Rounds

3

Research Innovation Incubation Design Laboratory has raised 3 rounds. Their latest funding was raised on Nov 08, 2023 from a Seed Round - Offee round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Jun 22, 2021
Seed Round - MicroDegree Seed Round - MicroDegree
-0-
Jul 05, 2021
Seed Round - Pocketly Seed Round - Pocketly
-0-
Nov 08, 2023
Seed Round - Offee Seed Round - Offee
-630.9K-

Investors

0

There is no funding round available on this profile

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

Recent Activity

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