# Upekkha

Upekkha is a Private Equity based in Bengaluru, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Bengaluru, India
- **Region:** Asia
- **Address:** Bengaluru, India
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** www.upekkha.io
- **LinkedIn:** https://www.linkedin.com/company/upekkha

## Regulatory record

- **Reports private funds:** No

## About

Upekkha is a Bengaluru-based company founded in 2017 that operates in the SaaS industry. It provides accelerator programs, early-stage funding, coaching, community support, and capital to B2B SaaS startups. Upekkha has made 205 investments, including a Convertible Note in Dheemai on October 14, 2025, and has facilitated 3 portfolio exits, with Devzery exiting on November 12, 2025.

## Sectors

- Enterprise Software
- AI/ML

## People

- Thiyagarajan Maruthavanan — Managing Partner

## Questions

### Who runs investment decisions at Upekkha?

Thiyagarajan Maruthavanan, the Managing Partner, leads investment decisions. He is the public voice of the firm and personally involved in cohort selection and accelerator programming.

### How does Upekkha structure its investment capital?

Upekkha uses a revenue-share model rather than traditional equity. The firm provides seed capital to early-stage B2B SaaS companies in exchange for a percentage of monthly revenue up to a capped return multiple. This structure aligns the firm's outcomes with the operating performance of its portfolio.

### What is the relationship between Upekkha and Valley advisors?

Upekkha's accelerator model draws on mentorship from experienced SaaS operators with go-to-market expertise in global enterprise sales. The firm facilitates connections to this network, but the advisors are not equity holders in the management company.

### Is Upekkha a fund or an accelerator?

Upekkha is structured as an accelerator with its own capital, blurring the line between an institutional seed fund and a startup program. It runs cohort-based batches but deploys its own balance-sheet capital under a revenue-share agreement rather than raising committed third-party LP funds.

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- [Updata Partners](https://altss.com/profile/updata-partners)
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Last updated: 2026-06-03T20:00:00.000Z

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