# SBI Group Portfolio Map 2026: 27 Startups by Sector > SBI Group's portfolio mapped: 27 startups it has backed, in 5 sectors from Fintech, AI and Biotech on. $3.1B raised between them; logos, funding and rounds. Source: https://millionrounds.com/portfolio-maps/sbi-group-portfolio-map (Millionrounds; every figure on the page links to its filing or article) ## Fintech 11 - [Ajaib](https://millionrounds.com/company/ajaib) - [Gauntlet](https://millionrounds.com/company/gauntlet) - [*F* Fasset](https://millionrounds.com/company/fasset) - [PhotonPay](https://millionrounds.com/company/photonpay) - [*AG* AND Global](https://millionrounds.com/company/and-global) - [Jirnexu](https://millionrounds.com/company/jirnexu) - [Muhlah](https://millionrounds.com/company/muhlah) - [banco](https://millionrounds.com/company/banco) - [Othera](https://millionrounds.com/company/othera) - [RABC Group](https://millionrounds.com/company/rabc-group) - [Gowid](https://millionrounds.com/company/gowid) ## AI 6 - [Elliptic](https://millionrounds.com/company/elliptic) - [Salience Labs](https://millionrounds.com/company/salience-labs) - [Third Intelligence](https://millionrounds.com/company/third-intelligence) - [Gorilla Technology](https://millionrounds.com/company/gorilla-technology) - [Kigen](https://millionrounds.com/company/kigen) - [Ridge-i](https://millionrounds.com/company/ridge-i) ## Biotech 4 - [*TI* Tharimmune, Inc.](https://millionrounds.com/company/tharimmune-inc) - [*RA* Rakuten Aspyrian](https://millionrounds.com/company/rakuten-aspyrian) - [Rakuten Medical](https://millionrounds.com/company/rakuten-medical) - [Celaid Therapeutics](https://millionrounds.com/company/celaid-therapeutics) ## Web3 & Crypto 3 - [Digital Asset](https://millionrounds.com/company/digital-asset) - [Sepior](https://millionrounds.com/company/sepior) - [Utop](https://millionrounds.com/company/utop) ## E-commerce 3 - [*I* Inagora](https://millionrounds.com/company/inagora) - [Etaily](https://millionrounds.com/company/etaily) - [*FF* FASHION FOX](https://millionrounds.com/company/fashion-fox) ## Segment by segment ### Fintech 11 startups · $731M raised - [**Ajaib**](https://millionrounds.com/company/ajaib) Ajaib is Indonesia’s first fully online stock brokerage and a leading fintech investment platform in Southeast Asia. Indonesia $425M - [**Gauntlet**](https://millionrounds.com/company/gauntlet) Gauntlet is a financial technology and quantitative research firm focused on decentralized finance (DeFi) risk management, economi United States $125M - [*F* **Fasset**](https://millionrounds.com/company/fasset) Bangladesh $68M - [**PhotonPay**](https://millionrounds.com/company/photonpay) PhotonPay is a financial firm that provides FX management, collection, payouts, and other financial payment technology solutions. Hong Kong SAR China $40M - [*AG* **AND Global**](https://millionrounds.com/company/and-global) Singapore $24M - [**Jirnexu**](https://millionrounds.com/company/jirnexu) Jirnexu Sdn Bhd is a full-stack financial technology startup based in Kuala Lumpur, Malaysia. Malaysia $21M - [**Muhlah**](https://millionrounds.com/company/muhlah) Muhlah is a Saudi fintech company based in Riyadh, officially known as Muhlah Zamaniyah for Finance. Saudi Arabia $7.5M - [**banco**](https://millionrounds.com/company/banco) banco is a Singapore-based fintech platform that provides financing solutions for small and medium-sized businesses. Singapore $6.7M ### AI 6 startups · $521M raised - [**Elliptic**](https://millionrounds.com/company/elliptic) Elliptic is a leading blockchain analytics and crypto compliance firm based in London, with additional offices in New York, Singap United Kingdom $265M - [**Salience Labs**](https://millionrounds.com/company/salience-labs) Salience Labs is a deep-tech semiconductor company based in Oxford, United Kingdom, specializing in all-optical silicon photonic solutions. United Kingdom $169M - [**Third Intelligence**](https://millionrounds.com/company/third-intelligence) Third Intelligence is an AI research and product development company based in Tokyo, founded in 2025. Japan $52M - [**Gorilla Technology**](https://millionrounds.com/company/gorilla-technology) Gorilla Technology offer NZ's leading IT services, cybersecurity, IT management and custom software development services for small Taiwan $15M - [**Kigen**](https://millionrounds.com/company/kigen) Kigen is securing the Internet of Things (IoT) and the rise of AI using eSIMs United Kingdom $14M - [**Ridge-i**](https://millionrounds.com/company/ridge-i) Ridge-i provide AI technology optimized for business needs. Japan $7.2M ### Biotech 4 startups · $1.1B raised - [*TI* **Tharimmune, Inc.**](https://millionrounds.com/company/tharimmune-inc) United States $540M - [*RA* **Rakuten Aspyrian**](https://millionrounds.com/company/rakuten-aspyrian) United States $434M - [**Rakuten Medical**](https://millionrounds.com/company/rakuten-medical) Rakuten Medical, Inc. United States $109M - [**Celaid Therapeutics**](https://millionrounds.com/company/celaid-therapeutics) Celaid Therapeutics specializes in manufacturing and sales of regenerative medicine products utilizing human hematopoietic stem cells. Japan $13M ### Web3 & Crypto 3 startups · $595M raised - [**Digital Asset**](https://millionrounds.com/company/digital-asset) Digital Asset develops ledger technology intended to build distributed, encrypted straight-through processing tools. United States $580M - [**Sepior**](https://millionrounds.com/company/sepior) Sepior enables trust for financial transactions and cloud applications using threshold cryptography. Denmark $12M - [**Utop**](https://millionrounds.com/company/utop) Utop is an AI-embedded CRM and marketing solutions provider, part of the FPT CX Suite. Vietnam $3.0M ### E-commerce 3 startups · $137M raised - [*I* **Inagora**](https://millionrounds.com/company/inagora) Inagora is an e-commerce site that provides cross-border e-commerce, content creation, marketing, logistics, and payment services. China $116M - [**Etaily**](https://millionrounds.com/company/etaily) Etaily is a digital-native retail platform based in Makati City, Philippines, founded in 2020. Singapore $18M - [*FF* **FASHION FOX**](https://millionrounds.com/company/fashion-fox) FASHION FOX researchs and develops non-contact experience technology. China $2.9M **How this map is made.** Every startup here has raised money in a round we track that names SBI Group as an investor, the first in 2018. Each sits under its main sector, read from its rounds, and each sector shows its best-funded first; sectors with fewer than three companies are left off. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Investment firm **EISMEA** 260 startups · 12 sectors · $2.1B](https://millionrounds.com/portfolio-maps/eismea-portfolio-map)[Investment firm **SoftBank** 142 startups · 12 sectors · $106B](https://millionrounds.com/portfolio-maps/softbank-2-portfolio-map)[Family office **Thrive Capital** 107 startups · 12 sectors · $284B](https://millionrounds.com/portfolio-maps/thrive-capital-2-portfolio-map)[VC firm **Alexandria Venture Investments** 89 startups · 4 sectors · $5.9B](https://millionrounds.com/portfolio-maps/alexandria-venture-investments-portfolio-map)[Investment firm **MUFG Bank** 69 startups · 9 sectors · $46B](https://millionrounds.com/portfolio-maps/mufg-bank-portfolio-map)[VC firm **Kickstart** 68 startups · 12 sectors · $1.4B](https://millionrounds.com/portfolio-maps/kickstart-portfolio-map) ## Raising from investors like SBI Group? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)