Company lists
The Maharashtra edition · 2026

Accelerators & Incubatorscompanies in Maharashtra

Sector agnostic, industry focused, VC-backed, corporate & academic, startup studios and more: the companies building accelerators & incubators in Maharashtra, with their founders, funding, team size and business models.

178 company profiles28 with reported revenue3 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent accelerators & incubators business events in India

Funding, M&A, contract wins and launches involving 954 accelerators & incubators companies in India, last 24 months: 15 M&A deals · 10 launches · 6 Contracts · 3 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Axis bank acquires Axis Max Life Insurance

Private lender Axis Bank on Monday said it has raised its stake in Axis Max Life Insurance Company to 19.9%.

Insurance
FundingStrategic Investment

Aspire Impact

Aspire Impact Gets Strategic Investment From Parinama Group

Investors The Parinama Group
Standards-based impact measurement and certification initiative focused on the Global South
LaunchTattvaX Cohort 2

i-Hub

Gujarat's i-Hub has announced the launch of TattvaX Cohort 2, targeting high-impact sectors like space, defence, and drone technologies.

Startup accelerator
ContractService

Citroen Finance · client: Axis bank

Citroen today announced that it has entered into an arrangement with Axis Bank, as a preferred banking partner, to introduce Citroen Finance in India.

Automotive Finance
M&AAcquisition · Completed

Axis bank acquires Citibank’s consumer business

India’s banking sector has witnessed a wave of strategic deals and consolidation since Axis Bank’s acquisition of Citibank’s consumer business in 2022 for around Rs 11,600 crore

M&AAcquisition · Announced

Think9 acquires Whoppl

Mumbai: Think9, founded by Ashni Biyani and Avni Biyani along with brand evangelist Santosh Desai, has announced the acquisition of Whoppl, marking a strategic step in its ambition to…

M&AAcquisition · Announced

Goldman Sachs Bank Europe SE acquires Axis bank

Frankfurt-based Goldman Sachs Bank Europe SE, the subsidiary of The Goldman Sachs Group, Inc, has bought 51.31 lakh equity shares (equivalent to 0.16 percent of paid-up equity) in Axis…

Contract

Kerala startup mission · client: NXTGN Startup Factory

Kerala Startup Mission (KSUM) has signed an MoU with NXTGN Startup Factory of Baden-Württemberg, Germany, aimed at supporting deep-tech start-ups on both sides.

Deep-tech
LaunchAgriNext

Kerala startup mission

The Kerala Startup Mission (KSUM) has announced the launch of AgriNext, a new initiative designed to integrate the state’s farming community into the startup ecosystem.

M&AAcquisition · Announced

Aurum proptech acquires K2v2 Technologies Private Limited

Aurum PropTech Limited (NSEI:AURUM) agreed to acquire an additional 8.20% stake in K2v2 Technologies Private Limited from Ketan Sabnis and Vinayak Katkar for INR 63.3 million on October…

Technology
ContractTechnology

Kerala Bank · client: Kerala startup mission

Kerala Bank also signed an agreement with Kerala Startup Mission to set up a Fintech Innovation Zone with the aim of promoting digital innovation in financial institutions and the…

FinTech
M&AAcquisition · Announced

India accelerator acquires Mysoho

India Accelerator has acquired MySOHO but did not disclose the deal value.

Co-working
M&AAcquisition · Announced

India accelerator acquires Starters' CFO

India Accelerator (IA), India's leading multi-stage VC fund and startup enabler, has announced the acquisition of Starters' CFO, a specialized finance and compliance solutions provider…

Finance and Compliance Solutions
M&AAcquisition · Completed

Aurum proptech acquires Proptiger

Shardul Amarchand Mangaldas & Co. acted as legal counsel to the REA Group in relation to its strategic divestment of 100% stake held in PropTiger Marketing Services Private Limited…

ContractSupply

Tata boeing aerospace limited · client: Indian army

Tata Boeing Aerospace Limited (TBAL) announced the delivery of the 300th fuselage for the AH–64 Apache attack helicopter from its state–of–the–art facility in Hyderabad.

Aerospace
LaunchT-Edge

T-hub

T-Hub, an Indian startup incubator, has introduced T‑Edge, an initiative developed by its Legal & Finance Team to empower startups in the innovation ecosystem.

Legal & Finance Advisory Services
M&AAcquisition · Completed

NSDC International Ltd. acquires Startup stairs

NSDC International Ltd., a subsidiary of the National Skill Development Corporation (NSDC), has acquired a 10% stake in Startup Stairs Pvt. Ltd., a venture led by AVPL International…

Incubator
LaunchT-DRIVE (T-Defence Research Innovation Ecosystem)

T-hub

T-Hub launched T-DRIVE (T-Defence Research Innovation Ecosystem) on the 9th T-Hub Foundation Day.

Innovation ecosystem
Funding

Upekkha

Upekkha, a SaaS fund and accelerator supporting early-stage Indian SaaS companies, has successfully closed the first $15 million of its $40 million fund.

Investors Westbridge capital, Godard Abel
SaaS Accelerator
LaunchTS Bridge

Turbostart

Turbostart, a global venture capital platform, celebrated its 5th anniversary with the launch of TS Bridge, an innovative platform aimed at broadening access to high‑potential startup…

Investment platform
ContractService

Column inches · client: India accelerator

Column Inches, one of India’s fastest-growing Public Relations agencies, proudly announces that it has secured the PR mandate for India Accelerator, the country’s leading startup…

Public Relations
LaunchIncubation Program (Fourth Cohort)

Nsrcel

NSRCEL, the startup hub at the Indian Institute of Management Bangalore (IIMB), has announced the launch of the fourth cohort of its Incubation Program, specifically aimed at mobility…

Mobility Startup Incubation

Accelerators & Incubators companies in Maharashtra, by revenue

Browse accelerators & incubators companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 28 companies below are the largest by their most recent reported revenue among 28 accelerators & incubators companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 28

Venture capital and startup accelerator firm

Venture capital funds
₹67.68 crFY 2024-25
Not reported
68+15% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Platform for brand co creation services

Accelerators & incubators
₹47.19 crFY 2024-25
+8%2024–2025
319-11% 12 mo to Jul 2024LinkedIn · Oct 2026
5 yr2021
0none in 3 months

Climate tech startup support organization focused on empowering startups by leveraging resources, partnerships, knowledge and opportunities available within the ecosystem

Accelerators & incubators
₹9.52 crFY 2024-25
+773%2024–2025
—Not available
10 yr2016
0none in 3 months · last posted Jul 2026

Somaiya Vidyavihar and Department of Science & Technology, India backed startup incubator

Accelerators & incubators
₹6.26 crFY 2024-25
+72%2024–2025
77LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Multiple sector sector focused incubator

Accelerators & incubators
₹6.00 crFY 2024-25
+63%2024–2025
—Not available
9 yr2017
0none in 3 months

Provider of quantum technology training, incubation, projects, and related opportunities

Accelerators & incubators
₹5.63 crFY 2024-25
-17%2024–2025
—Not available
6 yr2020
0none in 3 months

Sector agnostic-focused incubator firm backed by Pinnacle industries, NITI Aayog & GoI

Accelerators & incubators
₹5.41 crFY 2024-25
Not reported
21-22% vs previous recordLinkedIn · Jul 2026
9 yr2017
0none in 3 months

Incubator focused on pre-seed tech startups

Accelerators & incubators
₹5.22 crFY 2024-25
-68%2024–2025
—Not available
9 yr2017
0none in 3 months

Accelerator focused on climate tech startups

Accelerators & incubators
₹4.37 crFY 2024-25
+102%2024–2025
6LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of incubation and acceleration services for early-stage entrepreneurs

Accelerators & incubators
₹2.05 crFY 2024-25
-35%2024–2025
17LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Network of resources enabling deep technology startup growth and investment

Investment tech
₹2.04 crFY 2024-25
Not reported
—Not available
4 yr2022
0none in 3 months

Sector agnostic incubator & corporate advisory firm

Investment banks
₹1.23 crFY 2024-25
-56%2024–2025
28-9% vs previous recordLinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026

Sector agnostic startup incubator

Accelerators & incubators
₹1.13 crFY 2024-25
+296%2024–2025
8LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Full stack venture studio firm

Accelerators & incubators
₹1.08 crFY 2024-25
Not reported
4LinkedIn · Jul 2026
2 yr2024
0none in 3 months

Company offering services focused on asset management, investment, and business scaling

Services for investment industry
₹48.96 lakhFY 2024-25
+16%2024–2025
10LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Sector agnostic startup studio

Accelerators & incubators
₹41.39 lakhFY 2024-25
+193%2024–2025
—Not available
12 yr2014
0none in 3 months

Provider of business validation, product development, funding, and mentorship services

Accelerators & incubators
₹36.95 lakhFY 2024-25
Not reported
3LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Venture capital-backed incubator focused on multiple sectors

Venture capital funds
₹27.06 lakhFY 2023-24
+39%2023–2024
16LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Accelerator firm focusing on early stage funding

Accelerators & incubators
₹19.54 lakhFY 2024-25
-1%2024–2025
—Not available
11 yr2015
0none in 3 months

Sector agnostic startup incubator

Services for investment industry
₹12.76 lakhFY 2022-23
Not reported
27LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of marketing services

Accelerators & incubators
₹6.43 lakhFY 2024-25
+5%2024–2025
16-99% 12 mo to Dec 2017LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Venture capital accelerator platform that provides early-stage funding, mentorship, and ecosystem support

Accelerators & incubators
₹2.66 lakhFY 2024-25
Not reported
37LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Sector agnostic startup accelerator

Accelerators & incubators
₹1.67 lakhFY 2024-25
Not reported
3LinkedIn · Jul 2026
2 yr2024
0none in 3 months

Financial services company that provides revenue financing solutions to startups and businesses

Accelerators & incubators
₹1.08 lakhFY 2024-25
Not reported
—Not available
3 yr2023
0none in 3 months

Sector agnostic startup incubator

Accelerators & incubators
₹0.70 lakhFY 2024-25
-69%2024–2025
1LinkedIn · Jul 2026
15 yr2011
0none in 3 months
28 of 178 companies shown here · the full list is on Radar
Fliar Radar

Explore all 178 accelerators & incubators companies in Maharashtra on Radar

This page shows the top 28. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 178 accelerators & incubators companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore accelerators & incubators companies in Maharashtra by what you are looking for

Browse the top accelerators and incubators in Maharashtra, from sector-agnostic startup incubators to corporate-backed accelerator programs. Find a list of accelerators and incubators in India that operate in Maharashtra, and newer accelerator startups.

7 ways to explore accelerators & incubators in Maharashtra

Sector-agnostic startup incubators & acceleratorsIndustry-focused & specialised acceleratorsVenture capital funds & VC-backed incubatorsCorporate, government & university-backed incubatorsStartup studios & investment support servicesAccelerators & incubators startups in Maharashtra

Sector-agnostic startup incubators & accelerators

General incubators and accelerators open to startups from any industry.

  1. IvyCap Ventures

    Venture capital and startup accelerator firm

    Venture capital funds
    See in list
  2. Climate Collective

    Climate tech startup support organization focused on empowering startups by leveraging resources, partnerships, knowledge and opportunities available within the ecosystem

    Accelerators & incubators
    See in list
  3. Riidl

    Somaiya Vidyavihar and Department of Science & Technology, India backed startup incubator

    Accelerators & incubators
    See in list
  4. JITO Incubation & Innovation Foundation

    Multiple sector sector focused incubator

    Accelerators & incubators
    See in list
  5. ISME ACE

    Startup accelerator focused on Financial Services sector

    Accelerators & incubators
    Website

Industry-focused & specialised accelerators

Accelerators focused on climate tech, healthcare, food tech, fintech, deep tech and other niches.

  1. Climate Collective

    Climate tech startup support organization focused on empowering startups by leveraging resources, partnerships, knowledge and opportunities available within the ecosystem

    Accelerators & incubators
    See in list
  2. Riidl

    Somaiya Vidyavihar and Department of Science & Technology, India backed startup incubator

    Accelerators & incubators
    See in list
  3. JITO Incubation & Innovation Foundation

    Multiple sector sector focused incubator

    Accelerators & incubators
    See in list
  4. ISME ACE

    Startup accelerator focused on Financial Services sector

    Accelerators & incubators
    Website
  5. SanchiConnect

    Network of resources enabling deep technology startup growth and investment

    Investment tech
    See in list

Venture capital funds & VC-backed incubators

Venture capital firms that also run incubators and accelerator programs.

  1. IvyCap Ventures

    Venture capital and startup accelerator firm

    Venture capital funds
    See in list
  2. Climate Collective

    Climate tech startup support organization focused on empowering startups by leveraging resources, partnerships, knowledge and opportunities available within the ecosystem

    Accelerators & incubators
    See in list
  3. SIBIC

    Venture capital-backed incubator focused on multiple sectors

    Venture capital funds
    See in list
  4. Mahansaria Group

    Private equity and business incubator backed by Mahansaria Family focused on manufacturing sector

    Accelerators & incubators
    Website
  5. FoodSeedTech

    Venture capital fund investing in agriculture-based food-tech startups

    Venture capital funds
    Website

Corporate, government & university-backed incubators

Incubators run by corporates, universities and government bodies.

  1. Riidl

    Somaiya Vidyavihar and Department of Science & Technology, India backed startup incubator

    Accelerators & incubators
    See in list
  2. I-HUB Quantum Technology Foundation

    Provider of quantum technology training, incubation, projects, and related opportunities

    Accelerators & incubators
    See in list
  3. AIC-Pinnacle

    Sector agnostic-focused incubator firm backed by Pinnacle industries, NITI Aayog & GoI

    Accelerators & incubators
    See in list
  4. ISME ACE

    Startup accelerator focused on Financial Services sector

    Accelerators & incubators
    Website
  5. MentorCap

    Company offering services focused on asset management, investment, and business scaling

    Services for investment industry
    See in list

Startup studios & investment support services

Startup studios, investor networks and advisory support for founders.

  1. SanchiConnect

    Network of resources enabling deep technology startup growth and investment

    Investment tech
    See in list
  2. Alsisar Impact

    Sector agnostic incubator & corporate advisory firm

    Investment banks
    See in list
  3. MentorCap

    Company offering services focused on asset management, investment, and business scaling

    Services for investment industry
    See in list
  4. Arenja Holdings

    Venture capital and incubator focused on healthcare sectors

    Accelerators & incubators
    Website
  5. Purple Ventures

    Startup incubator & investment bank

    Investment banks
    Website

Accelerators & incubators startups in Maharashtra

Newer accelerators and incubators founded in the last few years in Maharashtra.

  1. Think9

    Platform for brand co creation services

    Accelerators & incubators
    See in list
  2. SanchiConnect

    Network of resources enabling deep technology startup growth and investment

    Investment tech
    See in list
  3. WeTranslate

    Provider of business validation, product development, funding, and mentorship services

    Accelerators & incubators
    See in list
  4. SIBIC

    Venture capital-backed incubator focused on multiple sectors

    Venture capital funds
    See in list
  5. Maha Accelerator

    Sector agnostic startup accelerator

    Accelerators & incubators
    See in list
31 companies in Maharashtra

Accelerators & incubators hiring in Maharashtra

Accelerators and incubators in Maharashtra with open jobs right now.

  1. Climate Collective

    Climate tech startup support organization focused on empowering startups by leveraging resources, partnerships, knowledge and opportunities available within the ecosystem

    Accelerators & incubators
    See in list
  2. Alsisar Impact

    Sector agnostic incubator & corporate advisory firm

    Investment banks
    See in list
  3. Mahansaria Group

    Private equity and business incubator backed by Mahansaria Family focused on manufacturing sector

    Accelerators & incubators
    Website
  4. Aurum PropTech

    Sector agnostic startup studio accelerator firm

    Accelerators & incubators
    Website
  5. Signal Ventures

    Venture capital fund and accelerator focused on early-stage tech startups

    Accelerators & incubators
    Website
6 companies in Maharashtra
Mobile reach

Top 4 accelerators & incubators apps from Maharashtra

The most-installed Android apps published by accelerators & incubators companies headquartered in Maharashtra — 736 installs between them. 4 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 4
The business behind the activity

Accelerators & Incubators financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 25 accelerators & incubators companies in Maharashtra for FY24-25 — 32 of the 178 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 85% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹132.96 cr

25 companies filing accounts

combined net profit₹5.02 cr

3.8% aggregate margin

are profitable48%

12 of 25 companies

median revenue~₹91 lakh

the typical company

median revenue growth+6%

into FY24-25

earned by the top five85%

revenue concentration

Six-year view

Combined revenue of filing companies

₹25.21 crFY19-2015 filers
₹21.46 crFY20-2116 filers
₹40.31 crFY21-2218 filers
₹76.91 crFY22-2321 filers
₹114.86 crFY23-2421 filers
₹132.96 crFY24-2525 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 16 companies over three years

+82%
FY22-23₹71.15 cr−₹6.00 cr net
FY23-24₹112.11 cr₹5.24 cr net
FY24-25₹129.60 cr₹11.75 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1338% profitable
₹1–10 cr1060% profitable
₹10–100 cr250% profitable
₹100–1,000 cr0—
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking8
0–20%2
20–50%1
50–100%2
Doubled+6

19 companies with accounts for both years; median growth +6%.

Profitability

Profit is concentrated at the top

12profitable
13loss-making
3.8%aggregate margin
-37.7%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
IvyCap VenturesIVYCAP VENTURES ADVISORS PRIVATE LIMITED+30%₹67.65 cr
Think9THINK9 CONSUMER TECHNOLOGIES PRIVATE LIMITED+6%₹24.43 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
IvyCap VenturesIVYCAP VENTURES ADVISORS PRIVATE LIMITED42.1%₹67.65 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Accelerators & incubators21₹62.04 cr~₹37 lakh52%-33.3%
Leaders

Largest accelerators & incubators companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
IvyCap VenturesIVYCAP VENTURES ADVISORS PRIVATE LIMITED₹67.65 cr₹28.48 cr42.1%+30%
Think9THINK9 CONSUMER TECHNOLOGIES PRIVATE LIMITED₹24.43 cr−₹15.68 cr-64.2%+6%
Climate CollectiveCLIMATE COLLECTIVE FOUNDATION₹9.52 cr₹1.25 cr13.1%+773%
RiidlRESEARCH INNOVATION INCUBATION DESIGN LABORATORY FOUNDATION₹6.26 cr−₹2.36 cr-37.7%+72%
I-HUB Quantum Technology FoundationI-HUB QUANTUM TECHNOLOGY FOUNDATION₹5.63 cr₹1.82 lakh0.3%-17%
AIC-PinnacleAIC-PINNACLE ENTREPRENEURSHIP FORUM₹5.41 cr₹1.59 cr29.3%+125%
Incubation MastersINCUBATION MASTERS IM PRIVATE LIMITED₹5.22 cr₹20.95 lakh4.0%-68%
AicadtbaramatifoundationAIC-ADT BARAMATI FOUNDATION₹2.05 cr₹13.93 lakh6.8%-35%
Alsisar ImpactALSISAR IMPACT PRIVATE LIMITED₹1.23 cr−₹1.48 cr-119.9%-56%
EncubayENCUBAY VENTURES PRIVATE LIMITED₹1.13 cr₹35.20 lakh31.1%+296%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Accelerators & Incubators funding and M&A across India

22 recorded equity rounds have gone to 954 accelerators & incubators companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months4

US$3.66m

raised over five yearsUS$16.73m

12 rounds in India

M&A deals, India15

last 24 months

Capital by year

Equity funding into accelerators & incubators in India

amount rounds
$4.1m20182
$6.6m20211
$2.2m20221
$4.0m20233
$401k20244
$3.5m20253

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$6.62m across 1 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$163k2 rounds · median US$163k
SeedUS$342k5 rounds · median US$106k
Series AUS$8.79m2 rounds · median US$4.39m
Series BUS$7.44m3 rounds · median US$3.00m
Where the money went · five years

Most-funded sub-sectors

Accelerators & incubatorsUS$16.56m10 rounds · 4 companies
Investment techUS$163k2 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

15Acquisition

Most active acquirers

  1. Aurum proptech5
  2. Axis bank4
  3. India accelerator2
  4. Think91
  5. Goldman Sachs Bank Europe SE1

Most acquired or merged

  1. Creditaccess grameen2
  2. Axis bank2
  3. Proptiger2
  4. Axis Max Life Insurance1
  5. Citibank’s consumer business1

Each deal appears in the events strip at the top of the page.

Founders and momentum in Maharashtra

Meet the people behind accelerators & incubators companies in Maharashtra. 93 of 178 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra accelerators & incubators companies by sub-sector

The most common specialisations among accelerators & incubators companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring accelerators & incubators in India and nearby markets.

Coming soon