Company lists
The Maharashtra edition · 2026

EdTechcompanies in Maharashtra

School learning, upskilling, higher education, test prep, school software and more: the companies building edtech in Maharashtra, with their founders, funding, team size and business models.

1,624 company profiles356 with reported revenue134 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent edtech business events in Maharashtra

Funding, M&A, contract wins and launches involving 2,136 edtech companies in Maharashtra, last 24 months: 12 funding rounds · 9 M&A deals · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jan 2026.

M&AAcquisition · Completed

Cactus acquires Baker Hughes Company’s Surface Pressure Control business

Cactus, Inc. today announced the completion of the acquisition of a majority interest in Baker Hughes Company’s Surface Pressure Control business.

Oil & Gas Services
M&AAcquisition · Rumored

Upgrad acquires Think & Learn Pvt. Ltd.

Upgrad has formally filed an expression of interest (EOI) to bid for Think & Learn Pvt. Ltd., the parent company of Byju’s.

Edtech
M&AMerger · Announced

Catx acquires Cactus

CatX, the digital catastrophe and parametric risk exchange company, has merged with fellow Bermuda-based risk software company Cactus and launched the Cactus Risk Studio to enable…

Insurance technology
FundingSeries D

Miko

Miko, the Mumbai-based pioneer in child companion robots, is set to take a giant leap forward with its upcoming Series D funding round worth $155 million (about ₹1,325 crore).

Investors AMDG-PAX Foundation
Child companion robotics, robotics, AI
FundingExternal Commercial Borrowing (ECB) loan

Avanse financial services

Mumbai, August 22, 2025: Avanse Financial Services Limited (“Avanse”), a leading education-focused non-banking financial company (NBFC) in India, has successfully secured a…

Investors Dbs bank, Hsbc india
Education financing
M&AAcquisition · Completed

Imarticus learning acquires Mycaptain

professional education firm Imarticus Learning has acquired edtech startup MyCaptain for ₹50 crore (approximately $6 million).

Edtech
M&AAcquisition · Completed

Imarticus learning acquires Mycaptain

Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore (around $6 million) in a major move to scale its presence in the non-tech career education space.

Edtech / Non-tech career education
ContractSupply

BioconBiologics Ltd. · client: Navitus

YESINTEK has also been selected on several other formularies, including Navitus, Costco Health Solutions, MedImpact, Priority Health, University of Pittsburgh Medical Center (UPMC), and…

Pharmaceutical
M&AAcquisition · Completed

Leap finance acquires Yocket

If the deal goes through, it will be a large acquisition for Leap Finance, which has already acquired Yocket.

Student Services
FundingBridge

Eduvanz

Eduvanz, the education-focused NBFC, raised Rs 25.52 crore ($2.9 million) in a bridge funding round backed by Juvo Ventures, Capria Fund, Peak XV Partners, and Unitus Ventures.

Education financing
FundingDebt financing

Auxilo

Education-focused NBFC Auxilo raised $5.7 million in debt financing from Motilal Oswal.

Investors Motilal oswal
FundingGrowth capital

Klassroom edutech

Klassroom Edutech, the world’s first AI-powered “Education OTT Platform,” has successfully raised growth capital in its latest funding round led by ah! Ventures, with participation from…

Investors Letsventure, Hem securities, Meteor Ventures, Growth Sense Fund
Education Technology
FundingSeries C

Miko

Robotics firm Miko, a product of Emotix, is raising Rs 28 crore ($3.3 million) as part of its Series C round.

Robotics, AI, IoT
FundingEarly‑stage

Birla brainiacs

Interestingly, two other startups, Birla Brainiacs and Dear Me, have also secured funding but have chosen to keep their transaction details under wraps

Funding

Upgrad

Mumbai-based edtech unicorn Upgrad led the week’s funding with a $60 million infusion from Singapore’s sovereign wealth fund Temasek.

Investors Temasek
Edtech
M&AAcquisition · Announced

Ronnie Screwvala acquires Upgrad

In a separate development, Upgrad’s founder and chairman, Ronnie Screwvala, has acquired Bharti Enterprises’ stake in the company for $20 Mn, according to an ET report.

Education Technology

EdTech companies in Maharashtra, by revenue

Browse edtech companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 356 edtech 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 50

Provider of engaging educational application

K-12 edtech
₹5,299.86 crFY 2024-25
-34%2024–2025
2,564+13% 12 mo to May 2024recorded May 2024
10 yr2016
0none in 3 months

Digital education solutions for schools and students

Academic tutoring
₹1,809.80 crFY 2024-25
+3%2024–2025
413LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Higher education and upskilling platform

Continued learning
₹1,649.99 crFY 2024-25
+7%2024–2025
6,181+38% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
58postings · last posted Sep 2026

Provider of science communications and technology solutions

Tech for digital publishers
₹824.67 crFY 2024-25
+7%2024–2025
2,804-28% 12 mo to Jul 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of financial products focused on education loans and related services

Higher education tech
₹543.64 crFY 2024-25
+48%2024–2025
547+24% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
5postings · last posted Aug 2026

Provider of AI-powered robots designed as companions for children’s learning

K-12 edtech
₹367.12 crFY 2023-24
+61%2023–2024
484-1% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of integrated learning system consisting of curriculum, pedagogy, and technology

K-12 edtech
₹367.41 crFY 2024-25
-1%2024–2025
1,129-4% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
1postings · last posted Aug 2026

Provider of digital learning solutions for K–12 education

K-12 edtech
₹318.13 crFY 2023-24
-6%2023–2024
650LinkedIn · Jul 2026
15 yr2011
2postings · last posted Jul 2026

Edtech platform that partners with top universities and institutes to offer online courses

Continued learning
₹254.02 crFY 2024-25
+25%2024–2025
1,453-99% vs previous recordLinkedIn · Jul 2026
17 yr2009
6postings · last posted Aug 2026

Provider of professional certification and postgraduate programs across multiple disciplines

Continued learning
₹218.41 crFY 2024-25
+23%2024–2025
1,380-12% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
7postings · last posted Sep 2026

Interactive panels enhance teaching and learning

K-12 edtech
₹162.75 crFY 2024-25
-9%2024–2025
128+30% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
2postings · last posted Jul 2026

Provider of online learning resources and tools for students

K-12 edtech
₹129.41 crFY 2024-25
+2%2024–2025
—Not available
10 yr2016
0none in 3 months

Provider of employability solutions and educational technology for higher education

Enterprise resource planning
₹98.50 crFY 2024-25
+5%2024–2025
7,430+1% 12 mo to Jul 2024recorded Jul 2024
14 yr2012
23postings · last posted Sep 2026

Provider of education management software for academic institutions and clinical sites

K-12 edtech
₹93.51 crFY 2024-25
+12%2024–2025
495LinkedIn · Jul 2026
15 yr2011
3postings · last posted Sep 2026

Educational technology company for teachers and coaching institutes

Enterprise resource planning
₹91.23 crFY 2024-25
+10869%2024–2025
14LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Apr 2022

Provider of a educational and fun toys and games for children

Mom & baby care
₹90.70 crFY 2024-25
+65%2024–2025
69+18% 12 mo to Jul 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jun 2026

Robotics education provider for children

K-12 edtech
₹59.16 crFY 2024-25
+54%2024–2025
54LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted May 2026

Online retailer of personalized storybooks for children and adults

Book tech
₹55.65 crFY 2024-25
+11370%2024–2025
12LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of online and in-person CA coaching programs

Test preparation tech
₹55.02 crFY 2024-25
-25%2024–2025
93LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jan 2026

Provider of a membership program offering financial education and community access

Investment tech
₹54.87 crFY 2024-25
+75%2024–2025
2,252-3% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
5postings · last posted Aug 2026

E-learning platform offering courses for professionals

Continued learning
₹48.11 crFY 2022-23
Not reported
—Not available
5 yr2021
0none in 3 months

Provider of digital learning solutions

K-12 edtech
₹50.11 crFY 2024-25
+35%2024–2025
128LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online videos for school children

K-12 edtech
₹43.95 crFY 2021-22
Not reported
—Not available
2 yr2024
0none in 3 months

Provider of online exam preparation courses

Test preparation tech
₹44.15 crFY 2024-25
+61%2024–2025
48LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Chain of test preparation platform for CA exams

Test preparation tech
₹41.94 crFY 2024-25
-9%2024–2025
40LinkedIn · Jul 2026
21 yr2005
0none in 3 months
50 of 1,624 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,624 edtech companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open edtech in Maharashtra on Radar
  • Every company, not just 50All 1,624 edtech 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore edtech companies in Maharashtra by what you are looking for

Find top edtech companies in Maharashtra, from school learning apps to upskilling platforms and exam coaching. You can also browse edtech startups in Maharashtra and edtech companies hiring in Maharashtra.

8 ways to explore edtech in Maharashtra

K-12 & school learning companiesOnline courses & professional upskilling platformsHigher education & college admission platformsTest preparation & exam coaching companiesSchool & college management software companiesOnline tutoring & language learning companies

K-12 & school learning companies

Digital learning apps, curriculum content and school tools for students from kindergarten to grade 12.

  1. VOOT Kids

    Provider of engaging educational application

    K-12 edtech
    See in list
  2. NAVNEET TOPTECH

    Digital education solutions for schools and students

    Academic tutoring
    See in list
  3. LEAD School

    Provider of integrated learning system consisting of curriculum, pedagogy, and technology

    K-12 edtech
    See in list
  4. Tata ClassEdge

    Provider of digital learning solutions for K–12 education

    K-12 edtech
    See in list
  5. Ampersand Group

    Provider of elemental ecosystems which are essential for education, healthcare, and social welfare

    K-12 edtech
    Website

Online courses & professional upskilling platforms

Platforms offering online courses, certifications and executive programs for working professionals.

  1. UpGrad

    Higher education and upskilling platform

    Continued learning
    See in list
  2. Jaro Education

    Edtech platform that partners with top universities and institutes to offer online courses

    Continued learning
    See in list
  3. Imarticus Learning

    Provider of professional certification and postgraduate programs across multiple disciplines

    Continued learning
    See in list
  4. Skill Nation

    E-learning platform offering courses for professionals

    Continued learning
    See in list
  5. LeapUp

    Online platform offering skill-based learning solutions

    Continued learning
    See in list

Higher education & college admission platforms

Technology for colleges and universities, admissions guidance, study abroad support and education loans.

  1. Auxilo

    Provider of financial products focused on education loans and related services

    Higher education tech
    See in list
  2. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
  3. Exxat

    Provider of education management software for academic institutions and clinical sites

    K-12 edtech
    See in list
  4. ExamOnline

    Provider of online examination and remote proctoring solutions for institutions

    Higher education tech
    See in list
  5. GrayQuest

    Provider of educational financing services through integrated fee collection platform for educational institutions

    Higher education tech
    See in list

Test preparation & exam coaching companies

Online and in-person coaching for competitive, professional and certification exams.

  1. Swapnil Patni

    Provider of online and in-person CA coaching programs

    Test preparation tech
    See in list
  2. The Unique Academy

    Provider of online exam preparation courses

    Test preparation tech
    See in list
  3. Vsmart Academy

    Chain of test preparation platform for CA exams

    Test preparation tech
    See in list
  4. FinTree Education

    Provider of CFA, FRM, and financial modelling coaching services

    Test preparation tech
    Website
  5. Eduracle

    Educational resources for test preparation

    Test preparation tech
    Website

School & college management software companies

ERP, fee collection, learning management and administration software for educational institutions.

  1. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
  2. JUNO

    Provider of ERP solutions for educational institutions

    K-12 edtech
    See in list
  3. MiCM

    Offers ERP solutions tailored for the education sector, focusing on enhancing institutional efficiency and management.

    K-12 edtech
    Website
  4. ETHDC

    Provider of school ERP, analytics, and bus tracking solutions

    K-12 edtech
    Website
  5. Vriddhi

    ERP software for educational institutions

    K-12 edtech
    Website

Online tutoring & language learning companies

Tutoring marketplaces and apps for academic subjects, coding, music and spoken languages.

  1. NAVNEET TOPTECH

    Digital education solutions for schools and students

    Academic tutoring
    See in list
  2. Ampersand Group

    Provider of elemental ecosystems which are essential for education, healthcare, and social welfare

    K-12 edtech
    Website
  3. Imarticus Learning

    Provider of professional certification and postgraduate programs across multiple disciplines

    Continued learning
    See in list
  4. Robokidz

    Robotics education provider for children

    K-12 edtech
    See in list
  5. Masterji.ai

    Provider of AI-powered personalized learning platform for K12 students

    K-12 edtech
    Website

Edtech startups in Maharashtra

Recently founded edtech companies in Maharashtra building new learning products.

  1. Imagitime

    Online retailer of personalized storybooks for children and adults

    Book tech
    See in list
  2. 1% Club

    Provider of a membership program offering financial education and community access

    Investment tech
    See in list
  3. Skill Nation

    E-learning platform offering courses for professionals

    Continued learning
    See in list
  4. Periwinkle

    Online videos for school children

    K-12 edtech
    See in list
  5. Artium Academy

    Provider of live, one-on-one online classes for music and instruments

    Continued learning
    See in list
317 companies in Maharashtra

Edtech companies hiring in Maharashtra

Edtech companies in Maharashtra with open roles right now.

  1. UpGrad

    Higher education and upskilling platform

    Continued learning
    See in list
  2. Auxilo

    Provider of financial products focused on education loans and related services

    Higher education tech
    See in list
  3. LEAD School

    Provider of integrated learning system consisting of curriculum, pedagogy, and technology

    K-12 edtech
    See in list
  4. Tata ClassEdge

    Provider of digital learning solutions for K–12 education

    K-12 edtech
    See in list
  5. Ampersand Group

    Provider of elemental ecosystems which are essential for education, healthcare, and social welfare

    K-12 edtech
    Website
42 companies in Maharashtra
Mobile reach

Top 10 edtech apps from Maharashtra

The most-installed Android apps published by edtech companies headquartered in Maharashtra — 176.4M installs between them. 257 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Tizi Princess Home Design Game

by IDZ Digital

Installs56.4M
Rating4.56107K ratings
Installs, year on year+11%
Last updatedApr 2026
View on Google Play ↗
Tizi Princess Home Design Game screenshot 1Tizi Princess Home Design Game screenshot 2Tizi Princess Home Design Game screenshot 3Tizi Princess Home Design Game screenshot 4Tizi Princess Home Design Game screenshot 5Tizi Princess Home Design Game screenshot 6
2

Coloring Games for Kids: Color

by Kidlo

Installs39.1M
Rating4.5729K ratings
Installs, year on year+11%
Last updatedMay 2026
View on Google Play ↗
Coloring Games for Kids: Color screenshot 1Coloring Games for Kids: Color screenshot 2Coloring Games for Kids: Color screenshot 3Coloring Games for Kids: Color screenshot 4Coloring Games for Kids: Color screenshot 5Coloring Games for Kids: Color screenshot 6
3

Timpy Cooking Games for Kids

by KidloLand

Installs23.0M
Rating4.3819K ratings
Installs, year on year+36%
Last updatedApr 2026
View on Google Play ↗
Timpy Cooking Games for Kids screenshot 1Timpy Cooking Games for Kids screenshot 2Timpy Cooking Games for Kids screenshot 3Timpy Cooking Games for Kids screenshot 4Timpy Cooking Games for Kids screenshot 5Timpy Cooking Games for Kids screenshot 6
4

Little Singham: Play & Learn

by Little Singham

Installs14.4M
Rating5.09K ratings
Last updatedNov 2025
View on Google Play ↗
Little Singham: Play & Learn screenshot 1Little Singham: Play & Learn screenshot 2Little Singham: Play & Learn screenshot 3Little Singham: Play & Learn screenshot 4Little Singham: Play & Learn screenshot 5Little Singham: Play & Learn screenshot 6
6

Programming Hub: Learn to code

by ProgrammingHub

Installs11.2M
Rating4.67228K ratings
Installs, year on year+13%
Last updatedApr 2026
View on Google Play ↗
Programming Hub: Learn to code screenshot 1Programming Hub: Learn to code screenshot 2Programming Hub: Learn to code screenshot 3Programming Hub: Learn to code screenshot 4Programming Hub: Learn to code screenshot 5Programming Hub: Learn to code screenshot 6
7

Matching Game - Match it

by HeGo dev

Installs7.0M
Rating3.525K ratings
Installs, year on year+4%
Last updatedJul 2025
View on Google Play ↗
Matching Game - Match it screenshot 1Matching Game - Match it screenshot 2Matching Game - Match it screenshot 3Matching Game - Match it screenshot 4Matching Game - Match it screenshot 5Matching Game - Match it screenshot 6
8

upGrad

by UpGrad

Installs5.4M
Rating4.5632K ratings
Last updatedMay 2026
View on Google Play ↗
upGrad screenshot 1upGrad screenshot 2upGrad screenshot 3upGrad screenshot 4upGrad screenshot 5upGrad screenshot 6
9

Shaalaa: The Study App

by Shaalaa

Installs4.0M
Rating4.6346K ratings
Installs, year on year+17%
Last updatedJun 2025
View on Google Play ↗
Shaalaa: The Study App screenshot 1Shaalaa: The Study App screenshot 2Shaalaa: The Study App screenshot 3Shaalaa: The Study App screenshot 4Shaalaa: The Study App screenshot 5Shaalaa: The Study App screenshot 6
10

AutiSpark: Kids Autism Games

by AutiSpark

Installs3.9M
Rating4.263K ratings
Installs, year on year+11%
Last updatedFeb 2026
View on Google Play ↗
AutiSpark: Kids Autism Games screenshot 1AutiSpark: Kids Autism Games screenshot 2AutiSpark: Kids Autism Games screenshot 3AutiSpark: Kids Autism Games screenshot 4AutiSpark: Kids Autism Games screenshot 5AutiSpark: Kids Autism Games screenshot 6
The business behind the activity

EdTech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 319 edtech companies in Maharashtra for FY24-25 — 444 of the 1,624 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 57% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,137.33 cr

319 companies filing accounts

combined net profit₹1,007.79 cr

14.1% aggregate margin

are profitable48%

153 of 319 companies

median revenue~₹95 lakh

the typical company

median revenue growth+20%

into FY24-25

earned by the top five57%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,737.08 crFY19-20226 filers
₹2,210.32 crFY20-21265 filers
₹3,192.37 crFY21-22314 filers
₹5,844.24 crFY22-23333 filers
₹7,584.39 crFY23-24339 filers
₹7,137.33 crFY24-25319 filers

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

Like-for-like

The same 277 companies over three years

+30%
FY22-23₹4,747.39 cr−₹262.28 cr net
FY23-24₹5,575.83 cr₹79.69 cr net
FY24-25₹6,152.37 cr₹993.82 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 cr16130% profitable
₹1–10 cr9660% profitable
₹10–100 cr5176% profitable
₹100–1,000 cr1070% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking110
0–20%41
20–50%46
50–100%49
Doubled+54

300 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

153profitable
166loss-making
14.1%aggregate margin
-0.3%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
AssetChainASSET CHAIN TECHLLIGENCE PRIVATE LIMITED
KuhooKUHOO TECHNOLOGY SERVICES PRIVATE LIMITED
SpeedLabsTEEVRA EDUTECH PRIVATE LIMITED+224%₹14.26 cr
Ira, Ira SkillsISVARI TECH PRIVATE LIMITED
TagMangoTAGMANGO PRIVATE LIMITED+163%
Purple TutorPURPLEFIRST TECHNOLOGIES PRIVATE LIMITED+162%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Purple TutorPURPLEFIRST TECHNOLOGIES PRIVATE LIMITED
FinTree EducationFINTREE EDUCATION PRIVATE LIMITED₹15.63 cr
NAVNEET TOPTECHNAVNEET EDUCATION LIMITED45.5%₹1,758.20 cr
EduplusCampusUDNAV SOFTWARE SERVICES PRIVATE LIMITED
UniScholarsUNISCHOLARS PRIVATE LIMITED40.9%
KidloLandKIDLOLAND KIDS & TODDLER GAMES PRIVATE LIMITED₹119.54 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
K-12 edtech120₹2,178.56 cr~₹1.3 cr46%0.7%
Higher education tech46₹1,299.76 cr~₹1.0 cr50%10.1%
Continued learning73₹752.33 cr~₹93 lakh49%1.6%
Test preparation tech25₹221.57 cr~₹1.7 cr48%11.5%
Enterprise resource planning7₹217.27 cr~₹2.3 cr100%11.5%
Pre-k edtech10₹130.65 cr~₹22 lakh40%27.2%
Hrtech6₹13.04 cr~₹33 lakh33%0.3%
Leaders

Largest edtech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
NAVNEET TOPTECHNAVNEET EDUCATION LIMITED₹1,758.20 cr₹800.73 cr45.5%+3%
Ampersand GroupEDUSPARK INTERNATIONAL PRIVATE LIMITED.₹900.90 cr₹59.37 cr+37%
AuxiloAUXILO FINSERVE PRIVATE LIMITED₹543.64 cr₹111.94 cr20.6%+48%
KC Overseas EducationKC OVERSEAS EDUCATION PRIVATE LIMITED₹484.64 cr₹71.72 cr14.8%
LEAD SchoolLEADERSHIP BOULEVARD PRIVATE LIMITED₹367.41 cr−₹43.34 cr-11.8%-1%
CACTUSCACTUS COMMUNICATIONS PRIVATE LIMITED₹317.85 cr₹32.53 cr10.2%-15%
Jaro EducationJARO INSTITUTE OF TECHNOLOGY MANAGEMENT AND RESEARCH LIMITED₹254.02 cr₹51.67 cr20.3%+25%
Imarticus LearningIMARTICUS LEARNING PRIVATE LIMITED₹200.93 cr−₹17.51 cr-8.7%+25%
Senses ElectronicsSENSES ELECTRONICS PRIVATE LIMITED₹162.75 cr₹16.12 cr9.9%-9%
EdzamSUNDARAM MULTI PAP LIMITED₹129.41 cr−₹5.12 cr-4.0%+2%
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.

Industry landscape report

Edtech Industry Landscape of India

The financials above are one chapter. The full edtech landscape of Maharashtra maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the edtech landscape of Maharashtra
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

EdTech funding and M&A across India

2,291 recorded equity rounds have gone to 13,426 edtech 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 months31

US$205.43m

equity rounds, last 24 months113

US$457.76m

raised over five yearsUS$4.00bn

966 rounds in India

M&A deals, Maharashtra9

last 24 months

Capital by year

Equity funding into edtech in India

amount rounds
$349m2018179
$373m2019201
$847m2020218
$1.6bn2021342
$1.1bn2022278
$344m2023143
$579m2024114
$156m202572
$171m202617

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.62bn across 342 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$57.89m176 rounds · median US$88k
SeedUS$464.61m575 rounds · median US$443k
Series AUS$882.62m117 rounds · median US$3.30m
Series BUS$966.36m49 rounds · median US$9.57m
Series CUS$658.24m27 rounds · median US$10.00m
Series D+US$530.87m21 rounds · median US$10.50m
Where the money went · five years

Most-funded sub-sectors

K-12 edtechUS$1.24bn347 rounds · 171 companies
Continued learningUS$938.82m271 rounds · 135 companies
Test preparation techUS$806.37m86 rounds · 49 companies
Higher education techUS$469.64m126 rounds · 57 companies
Alternative lendingUS$319.23m11 rounds · 5 companies
HrtechUS$60.92m3 rounds · 3 companies
Pre-k edtechUS$60.68m21 rounds · 15 companies
Corporate activity · last 24 months

M&A in Maharashtra

8Acquisition
1Merger

Most active acquirers

  1. Cactus3
  2. Imarticus learning2
  3. Upgrad1
  4. Catx1
  5. Leap finance1

Most acquired or merged

  1. Mycaptain2
  2. Baker Hughes Company’s Surface Pressure Control business1
  3. Think & Learn Pvt. Ltd.1
  4. Cactus1
  5. Baker Hughes ’ surface pressure control business1

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

Go deeper in the edtech landscape reports:

Edtech Industry Landscape of India

EdTech funding in Maharashtra

134 edtech companies in Maharashtra have recorded equity funding, US$1.23bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind edtech companies in Maharashtra. 733 of 1,624 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra edtech companies by sub-sector

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

Keep exploring edtech in India and nearby markets.

Coming soon