Company lists
The Mumbai edition · 2026

Healthtechcompanies in Mumbai

Listed healthtechs, telemedicine & doctor booking, hospital & clinic software, fitness & wellness apps, pharmacy & diagnostics and more: the companies building healthtech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

846 company profiles263 with reported revenue101 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent healthtech business events in Mumbai

Funding, M&A, contract wins and launches involving 1,224 healthtech companies in Mumbai, last 24 months: 24 funding rounds · 13 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Iks health acquires ARAI Solutions

IKS Health announced acquisition of AI consultancy ARAI Solutions in a transaction valued at approximately $1 million.

AI consulting
M&AAcquisition · Announced

Iks health acquires Trubridge, inc

IKS announced it has entered into a definitive agreement to acquire TruBridge, Inc., a prominent provider of healthcare technology solutions for rural and community hospitals.

Healthcare technology solutions
FundingSeries A (extended)

Amaha (formerly innerhour)

Mental health startup Amaha (formerly InnerHour) has raised Rs 50 crore in an extended Series A round led by Fireside Ventures.

Investors Fireside ventures, Shreyas Shibulal, Lightbox
Mental health
FundingGrant

Qure.ai

In AI-led services, Qure.AI secured a grant from the Gates Foundation for its medical imaging solutions.

Investors Gates Foundation
FundingFundraise

Fast&up

Sports nutrition brand Fast&Up has attracted interest from venture capital firms Venturi Partners and Elev8 Venture Partners for its ongoing $70 million fundraise.

M&AAcquisition · Announced

PB Healthcare Services acquires Fitterfly

We are pleased to share that Argus Partners has advised Fitterfly, a healthcare company focused on diabetes reversal, obesity management, and heart health programmes, on its acquisition…

Healthcare
FundingPre-seed

Pinky promise

Image: Pinky Promise Pinky Promise, a Mumbai-based digital clinic for women’s health, has raised $1M in pre-seed funding led by Rebalance Angel Community. The round included…

Investors Rebalance Angel Community, Subramanian Ramadorai, Mala Ramadorai
Digital Health
Funding

Naturefit

Apart from this, Poonawalla Group has also recently invested in Naturefit, a health mobile- app that brings complementary and alternative therapies and medicines all at one place along…

Investors Poonawalla Group
M&AAcquisition

PB Healthcare Services Pvt. Ltd. (PB Health) acquires Fitterfly

Fitterfly, a Navi Mumbai-based digital health platform specializing in chronic-care and preventive-health management, was acquired by PB Healthcare Services Pvt. Ltd. (PB Health), a…

Digital health — chronic-care and preventive-health management
FundingSeed

Neulife

October 27th 2025: Mumbai-based Neulife – a protein-forward, R&D-focused performance nutrition brand – has raised $1 Million in its maiden seed funding round co-led by Subhkam Ventures…

Investors Subhkam Ventures, Singularity ventures, SUNiCON Ventures, Cosma Ventures
Nutrition
FundingSeries A

Apricot technologies

Apricot, an Oklahoma–based AI-native documentation platform for post-acute care, has raised a Series A funding round.

Healthcare Technology / Post-Acute Care Documentation / AI in Healthcare
FundingDebt

Pharmeasy

Growth and late-stage funding this week reached $320 million, led by healthtech firm Pharmeasy’s Rs 1,700 crore ($193 million) debt round from 360 One.

Investors 360 one
Healthtech
Funding

Truemeds

In April 2022, Truemeds had raised $22 million in a funding round led by Westbridge Capital and participation from existing investors.

Funding

Bharatsure

Bharatsure, one of India’s leading Insurtech companies offering Infrastructure as a Service (IaaS) solutions has raised INR 6 Crores from Inflection Point Ventures (IPV) and other…

Insurtech
Funding

Truemeds

Healthtech startup Truemeds raised $20 million as part of a funding round from Peak XV Partners.

Healthtech
FundingPre-Series A

Dial4242

The IAN Group-led pre-Series A funding round for the ambulance tech startup Dial4242 has raised Rs 9 crore, or about $1.04 million, with participation from BioAngels, IIM Bangalore’s…

Investors Bioangels, IIM Bangalore’s NSRCEL, Other prominent angel investors
Ambulance tech
M&AAcquisition · Announced

TIAN RUIXIANG acquires Ucare

TIAN RUIXIANG shares gained 8% on Friday after the company announced plans to buy Ucare for $150 million in an all-stock deal.

M&AAcquisition · Completed

Lytus technologies acquires Blod.in

Lytus Technologies has announced the completion of its acquisition of Blod.in, on-demand blood component management and logistics platform (powered by advanced AI and machine learning…

HealthTech
M&AAcquisition · Completed

Reliance industries acquires Karkinos

Reliance Industries, owned by billionaire Mukesh Ambani, paid Rs 375 crore a few months ago to acquire Karkinos, a technology-driven healthcare platform with a cancer focus.

Technology-driven healthcare platform with a cancer focus
FundingSeries A

Bold care

Ranveer Singh-backed sexual wellness brand Bold Care has raised $5 million in its Series A funding round led by Nithin Kamath’s Rainmatter, Mithun & Siddhartha Sacheti (Founders of…

Investors Rainmatter, Mithun & Siddhartha Sacheti, Avt group, Dhanani family of Sayaji Hotels
Sexual wellness
M&AAcquisition · Completed

Reliance Strategic Business Ventures (RSBVL) acquires Karkinos healthcare

Reliance Industries has announced that its wholly-owned subsidiary, Reliance Strategic Business Ventures (RSBVL), has completed the acquisition of Karkinos Healthcare.

Funding

Amaha

Mental health startup Amaha, formerly known as InnerHour, has successfully raised Rs 50 crore (approximately $6 million) in funding, led by Fireside Ventures with participation from…

FundingEarly-stage

Bold care

Bold Care, men's sexual wellness startup Bold Care, which in December secured undisclosed investment from actor Ranveer Singh, has raised $3.5 million (about Rs 30 crore) in a funding…

Investors Audacity capital, Motherson Lease Solution, Oddity, CarateLane co-founders of Mithun and Siddhartha Sacheti
Men's sexual wellness / direct-to-consumer men’s health and wellness
Funding

Khyaal

However, in the current calendar year, Kites Senior raised an additional $5.4 million, Khyaal secured $4.2 million, and Samarth Life brought in $1.4 million.

Eldercare
FundingSeed

Humm Care

Humm Care has raised an undisclosed amount in a seed round that valued the startup at $5 million.

Healthcare (women's health)
Funding

Qure.ai

AI-driven healthcare startup Qure.ai, omnichannel home interior and renovation platform HomeLane, adtech startup AdOnMo, and visa processing platform Atlys with $65 million, $27 million,…

AI-driven healthcare startup

Healthtech companies in Mumbai, by revenue

Browse healthtech companies in Mumbai 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 263 healthtech companies in Mumbai, 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 an app for providing clinical resources

Healthcare it
₹26,520.66 crFY 2023-24
Not reported
74+6% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
—No postings tracked

Digital healthcare management tool

Healthcare booking platforms
₹5,980.03 crFY 2024-25
Not reported
476+183% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
4postings · last posted Jul 2026

Provider of healthcare technology and services for revenue cycle management and clinical support

Healthcare it
₹2,702.99 crFY 2024-25
+45%2024–2025
9,088+3% 12 mo to Mar 2020LinkedIn · Jul 2026
20 yr2006
26postings · last posted Sep 2026

Developer of continuous glucose monitoring device for diabetic patients

Disease self management
₹2,669.84 crFY 2024-25
+15%2024–2025
1,015-1% 12 mo to Aug 2024recorded Aug 2024
11 yr2015
73postings · last posted Sep 2026

Provider of pharmaceutical supply chain solutions

Life sciences tech
₹1,372.95 crFY 2024-25
Not reported
165+21% 12 mo to Nov 2023LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Online marketplace for medical supplies, equipment, and devices catering to healthcare providers

Healthcare it
₹1,311.59 crFY 2024-25
-7%2024–2025
654-26% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
2postings · last posted Sep 2026

Provider of an ambulance and emergency care services

Healthcare booking platforms
₹593.31 crFY 2024-25
+13%2024–2025
30LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Software tool for prenatal screening management

Healthcare it
₹456.68 crFY 2021-22
Not reported
167+11% 12 mo to Jun 2024recorded Jun 2024
17 yr2009
—No postings tracked

AI powered fitness companion offering training and nutrition plans

Fitness & wellness tech
₹260.93 crFY 2024-25
+139%2024–2025
4-14% 12 mo to Jun 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Pharmacy management company providing technology-enabled solutions for hospitals and physician groups

Pharmacy it
₹222.83 crFY 2024-25
+19%2024–2025
69LinkedIn · Jul 2026
36 yr1990
0none in 3 months · last posted May 2026

Provider of media, entertainment, healthtech, fintech, cloud, and cybersecurity solutions

Healthcare it
₹191.99 crFY 2024-25
+11%2024–2025
13+0% 12 mo to Mar 2023LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of AI-powered solutions for medical image analysis and reporting

Clinical labs it
₹190.42 crFY 2024-25
+24%2024–2025
418+6% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
6postings · last posted Sep 2026

Platform for booking at-home skin and orthodontic services

Healthcare booking platforms
₹174.58 crFY 2022-23
Not reported
1,050-28% 12 mo to Jul 2024recorded Jul 2024
9 yr2017
1postings · last posted Sep 2026

Online medical store offering wholesale medical supplies and equipment

Healthcare booking platforms
₹145.32 crFY 2024-25
+19%2024–2025
—Not available
32 yr1994
0none in 3 months

Online brand offering wireless earphones and smartwatches for men and women

Fitness & wellness tech
₹136.50 crFY 2024-25
+440%2024–2025
107+34% 12 mo to Aug 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Mar 2026

Online platform that provides content related to health, fitness and beauty

Internet first media
₹131.28 crFY 2024-25
-10%2024–2025
—Not available
13 yr2013
0none in 3 months

Provider of mobility assisting devices and pain management solutions

Orthopedics
₹107.19 crFY 2022-23
Not reported
316+0% 12 mo to Jun 2024recorded Jun 2024
63 yr1963
—No postings tracked

Provider of healthcare plans offering access to doctors and diagnostic centers

Healthcare booking platforms
₹96.84 crFY 2024-25
Not reported
308-34% 12 mo to Aug 2024LinkedIn · Jul 2026
15 yr2011
2postings · last posted Aug 2026

Health insurance platform for individuals

Internet first insurance platforms
₹87.19 crFY 2022-23
+1691%2022–2023
228-75% 12 mo to Apr 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Internet first brand offering nutrition products for multiple sports

Sports tech
₹80.38 crFY 2022-23
Not reported
184-13% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Online retailer of sexual health and wellness products for men

Healthcare booking platforms
₹79.90 crFY 2024-25
+131%2024–2025
55+237% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Apr 2026

Online supplier of nutritional supplements, medical devices, and other healthcare products

Healthcare booking platforms
₹63.88 crFY 2021-22
+157%2021–2022
2+0% 12 mo to Jul 2023recorded Jul 2023
18 yr2008
0none in 3 months

Digital business management and marketing platform for doctors

Healthcare it
₹68.03 crFY 2024-25
-10%2024–2025
36+81% 12 mo to Aug 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Online platform for the purchase of dental braces

Healthcare booking platforms
₹59.82 crFY 2024-25
+9%2024–2025
290-7% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
0none in 3 months

Provider of therapeutics for poultry, livestock, equine, and pets

Veterinary healthtech
₹57.18 crFY 2024-25
+17%2024–2025
51+13% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months
50 of 846 companies shown here · the full list is on Radar
Fliar Radar

Explore all 846 healthtech companies in Mumbai on Radar

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

Open healthtech in Mumbai on Radar
  • Every company, not just 50All 846 healthtech companies in Mumbai, 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 healthtech companies in Mumbai by what you are looking for

Whether you are after the top healthtech companies in Mumbai, a list of healthtech startups in Mumbai, listed healthtech companies, or healthtech companies in Mumbai and Navi Mumbai that are hiring, start here. Each group below brings together the best-documented Mumbai companies in telemedicine and doctor booking, hospital and clinic software, fitness and wellness apps, pharmacy and diagnostics, corporate health benefits, and chronic-disease and wearable tech.

9 ways to explore healthtech in Mumbai

Listed healthtech companiesTelemedicine & doctor appointment platformsHospital & clinic software (healthcare IT)Fitness & wellness appsPharmacy, diagnostics & medicine deliveryCorporate wellness & employee health benefits

Listed healthtech companies

Mumbai healthtechs whose shares trade on the stock exchange.

  1. IKS Health

    Provider of healthcare technology and services for revenue cycle management and clinical support

    Healthcare it
    See in list
  2. Lytus Technologies

    Provider of media, entertainment, healthtech, fintech, cloud, and cybersecurity solutions

    Healthcare it
    See in list
  3. DocMode

    Online learning platform for Doctors, Students & Medical Professionals

    Healthcare it
    See in list
  4. Maestros Electronics

    Hardware devices for remote monitoring

    Healthcare it
    See in list
  5. Rubra Medicaments

    Provider of pharmaceutical products to wholesalers, pharmacies, and retail markets

    Pharmacy it
    Website
5 companies in Mumbai

Telemedicine & doctor appointment platforms

Online doctor consultations, appointment booking and hospital-discovery apps.

  1. Zenzo HealthCare

    Provider of an ambulance and emergency care services

    Healthcare booking platforms
    See in list
  2. Illusion Aligners

    Online platform to find Illusion verified dental clinics

    Healthcare booking platforms
    See in list
  3. Amaha

    Provider of online therapy, psychiatry services, and mental healthcare support

    Employee health it
    See in list
  4. Second Medic

    Provider of online doctor consultations, lab tests, pharmacy, and home care

    Healthcare booking platforms
    See in list
  5. ClinicSpots

    Online platform for appointment booking at clinics

    Healthcare booking platforms
    Website

Hospital & clinic software (healthcare IT)

Hospital information systems, EHR platforms and clinical-operations software built for providers.

  1. Medikabazaar

    Online marketplace for medical supplies, equipment, and devices catering to healthcare providers

    Healthcare it
    See in list
  2. PregSafe

    Software tool for prenatal screening management

    Healthcare it
    See in list
  3. Qure.ai

    Provider of AI-powered solutions for medical image analysis and reporting

    Clinical labs it
    See in list
  4. EPC Tech

    Digital business management and marketing platform for doctors

    Healthcare it
    See in list
  5. Medikigai

    Provider of revenue cycle management, medical billing, and coding support

    Healthcare it
    See in list

Fitness & wellness apps

Workout, nutrition, mindfulness and personal-coaching apps.

  1. FitCircle

    AI powered fitness companion offering training and nutrition plans

    Fitness & wellness tech
    See in list
  2. TheHealthSite

    Online platform that provides content related to health, fitness and beauty

    Internet first media
    See in list
  3. Fast&Up

    Internet first brand offering nutrition products for multiple sports

    Sports tech
    See in list
  4. HyugaLife

    Provider of an e-commerce platform that sells authentic health and wellness products

    Fitness & wellness tech
    See in list
  5. Metabolix

    Provider of fitness and nutritional programs for weight management

    Fitness & wellness tech
    Website
120 companies in Mumbai

Pharmacy, diagnostics & medicine delivery

Online pharmacies, medicine-delivery apps and diagnostic-lab software.

  1. Pharmapoint

    Pharmacy management company providing technology-enabled solutions for hospitals and physician groups

    Pharmacy it
    See in list
  2. Qure.ai

    Provider of AI-powered solutions for medical image analysis and reporting

    Clinical labs it
    See in list
  3. MakeO

    Platform for booking at-home skin and orthodontic services

    Healthcare booking platforms
    See in list
  4. QMS MEDICAL ALLIED SERVICES

    Online medical store offering wholesale medical supplies and equipment

    Healthcare booking platforms
    See in list
  5. Arkray

    Provider of an online blood pressure monitoring devices

    Healthcare booking platforms
    Website

Corporate wellness & employee health benefits

Employee health insurance, benefits administration and workplace-wellness platforms sold to employers.

  1. HealthAssure

    Provider of healthcare plans offering access to doctors and diagnostic centers

    Healthcare booking platforms
    See in list
  2. Alyve Health

    Provider of AI based health monitoring and wellness benefits platform for employees and individuals

    Healthcare payer tech
    See in list
  3. QubeHealth

    Provider of a credit line for employees' healthcare expenses and payments

    Hrtech
    See in list
  4. Lifafa

    Employee benefits administration platform and marketplace for enterprises

    Loyalty software
    Website
  5. Bharatsure

    Provider of technology and infrastructure for employee benefits and embedded insurance

    Insurance it
    Website

Chronic-disease management & wearable health tech

Monitoring apps and wearable devices for managing an ongoing health condition.

  1. Medtronic

    Developer of continuous glucose monitoring device for diabetic patients

    Disease self management
    See in list
  2. Elkon

    Manufacturer of hearing aids

    Ent disorders
    Website
  3. QuitSure

    Provider of personalized quit smoking application

    Disease self management
    Website
  4. IFocusMode

    Digital platform to manage mobile addiction

    Disease self management
    Website
  5. Actofit

    Developer of connected fitness tracking devices

    Wearable technology
    Website

Healthtech startups in Mumbai

Healthtech companies founded in the last five years.

  1. HyugaLife

    Provider of an e-commerce platform that sells authentic health and wellness products

    Fitness & wellness tech
    See in list
  2. Fundly

    Offers financial solutions for pharmaceutical supply chain management

    Pharmacy it
    See in list
  3. Bharatsure

    Provider of technology and infrastructure for employee benefits and embedded insurance

    Insurance it
    Website
  4. LEVEL

    Developer of a mobile app called level supermind for meditation and anxiety relief

    Fitness & wellness tech
    Website
  5. True Unity Retail

    Provider of personalized supplements and wellness products

    Healthcare booking platforms
    Website
191 companies in Mumbai

Healthtech companies hiring in Mumbai

Mumbai healthtechs with open roles or recent job postings.

  1. API Holdings

    Digital healthcare management tool

    Healthcare booking platforms
    See in list
  2. IKS Health

    Provider of healthcare technology and services for revenue cycle management and clinical support

    Healthcare it
    See in list
  3. Medtronic

    Developer of continuous glucose monitoring device for diabetic patients

    Disease self management
    See in list
  4. Medikabazaar

    Online marketplace for medical supplies, equipment, and devices catering to healthcare providers

    Healthcare it
    See in list
  5. Pharmapoint

    Pharmacy management company providing technology-enabled solutions for hospitals and physician groups

    Pharmacy it
    See in list
37 companies in Mumbai
Mobile reach

Top 10 healthtech apps from Mumbai

The most-installed Android apps published by healthtech companies headquartered in Mumbai — 112.2M installs between them. 131 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

PharmEasy - Healthcare App

by PharmEasy

Installs43.1M
Rating4.33832K ratings
Installs, year on year+17%
Last updatedMay 2026
View on Google Play ↗
PharmEasy - Healthcare App screenshot 1PharmEasy - Healthcare App screenshot 2PharmEasy - Healthcare App screenshot 3PharmEasy - Healthcare App screenshot 4PharmEasy - Healthcare App screenshot 5PharmEasy - Healthcare App screenshot 6
2

Driefcase ABHA, Health Records

by DRiefcase

Installs21.2M
Rating3.8493K ratings
Last updatedMay 2026
View on Google Play ↗
Driefcase ABHA, Health Records screenshot 1Driefcase ABHA, Health Records screenshot 2Driefcase ABHA, Health Records screenshot 3Driefcase ABHA, Health Records screenshot 4Driefcase ABHA, Health Records screenshot 5Driefcase ABHA, Health Records screenshot 6
3

Truemeds-Medicine Delivery App

by Truemeds

Installs19.2M
Rating4.46573K ratings
Installs, year on year+55%
Last updatedMay 2026
View on Google Play ↗
Truemeds-Medicine Delivery App screenshot 1Truemeds-Medicine Delivery App screenshot 2Truemeds-Medicine Delivery App screenshot 3Truemeds-Medicine Delivery App screenshot 4Truemeds-Medicine Delivery App screenshot 5Truemeds-Medicine Delivery App screenshot 6
4

StepSetGo: Step Into Rewards

by StepSetGo

Installs11.4M
Rating4.08282K ratings
Installs, year on year+5%
Last updatedJun 2026
View on Google Play ↗
StepSetGo: Step Into Rewards screenshot 1StepSetGo: Step Into Rewards screenshot 2StepSetGo: Step Into Rewards screenshot 3StepSetGo: Step Into Rewards screenshot 4StepSetGo: Step Into Rewards screenshot 5StepSetGo: Step Into Rewards screenshot 6
5

Amaha: Mental Health Therapy

by Amaha

Installs4.9M
Rating4.2329K ratings
Last updatedJun 2026
View on Google Play ↗
Amaha: Mental Health Therapy screenshot 1Amaha: Mental Health Therapy screenshot 2Amaha: Mental Health Therapy screenshot 3Amaha: Mental Health Therapy screenshot 4Amaha: Mental Health Therapy screenshot 5Amaha: Mental Health Therapy screenshot 6
6

Impact - Steps Fitness Charity

by Impact

Installs3.8M
Rating4.15103K ratings
Installs, year on year+9%
Last updatedJun 2026
View on Google Play ↗
Impact - Steps Fitness Charity screenshot 1Impact - Steps Fitness Charity screenshot 2Impact - Steps Fitness Charity screenshot 3Impact - Steps Fitness Charity screenshot 4Impact - Steps Fitness Charity screenshot 5Impact - Steps Fitness Charity screenshot 6
7

YOGA -Simple Soulful-Bollywood

by Simple Soulful

Installs2.4M
Rating3.6210K ratings
Last updatedDec 2023
View on Google Play ↗
YOGA -Simple Soulful-Bollywood screenshot 1YOGA -Simple Soulful-Bollywood screenshot 2YOGA -Simple Soulful-Bollywood screenshot 3YOGA -Simple Soulful-Bollywood screenshot 4YOGA -Simple Soulful-Bollywood screenshot 5YOGA -Simple Soulful-Bollywood screenshot 6
9

QuitSure: Quit Smoking Smartly

by QuitSure

Installs2.1M
Rating4.312K ratings
Installs, year on year+29%
Last updatedMay 2026
View on Google Play ↗
QuitSure: Quit Smoking Smartly screenshot 1QuitSure: Quit Smoking Smartly screenshot 2QuitSure: Quit Smoking Smartly screenshot 3QuitSure: Quit Smoking Smartly screenshot 4QuitSure: Quit Smoking Smartly screenshot 5QuitSure: Quit Smoking Smartly screenshot 6
10

Evolve: Self-Care & Meditation

by Evolve

Installs1.8M
Rating4.4917K ratings
Installs, year on year+16%
Last updatedMar 2026
View on Google Play ↗
Evolve: Self-Care & Meditation screenshot 1Evolve: Self-Care & Meditation screenshot 2Evolve: Self-Care & Meditation screenshot 3Evolve: Self-Care & Meditation screenshot 4Evolve: Self-Care & Meditation screenshot 5Evolve: Self-Care & Meditation screenshot 6
The business behind the activity

Healthtech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 228 healthtech companies in Mumbai, Maharashtra for FY24-25 — 297 of the 846 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 67% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹10,170.72 cr

228 companies filing accounts

combined net profit−₹1,994.24 cr

-19.6% aggregate margin

are profitable43%

98 of 228 companies

median revenue~₹1.2 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five67%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,979.42 crFY19-20144 filers
₹2,773.60 crFY20-21174 filers
₹6,266.94 crFY21-22208 filers
₹8,572.29 crFY22-23220 filers
₹9,530.95 crFY23-24230 filers
₹10,170.72 crFY24-25228 filers

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

Like-for-like

The same 187 companies over three years

+12%
FY22-23₹8,385.58 cr−₹6,219.60 cr net
FY23-24₹8,812.26 cr−₹2,783.53 cr net
FY24-25₹9,428.70 cr−₹1,938.66 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 cr10527% profitable
₹1–10 cr7158% profitable
₹10–100 cr3855% profitable
₹100–1,000 cr1258% profitable
Over ₹1,000 cr250% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking74
0–20%35
20–50%28
50–100%18
Doubled+54

209 companies with accounts for both years; median growth +17%.

Profitability

Profit is concentrated at the top

98profitable
129loss-making
-19.6%aggregate margin
-4.8%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
Fire BolttBOLTT GAMES PRIVATE LIMITED+440%₹136.50 cr
FundlyARDOUR ANALYTICS PRIVATE LIMITED
Instinct InnovationsINSTINCT INNOVATIONS PRIVATE LIMITED
Second MedicREMOTE HEALTHCARE TECHNOLOGIES PRIVATE LIMITED
Alyve HealthIMAGINE HEALTHFIN PRIVATE LIMITED
FitCircleZYWIE VENTURES PRIVATE LIMITED+139%₹261.10 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
IKS HealthInventurus Knowledge Solutions Limited33.6%₹988.40 cr
Medo SpeciaMEDO SPECIA LABORATORIES PRIVATE LIMITED
Luke CoutinhoLUKE COUTINHO HOLISTIC HEALING SYSTEMS PRIVATE LIMITED
BarrierBreak SolutionsBARRIERBREAK SOLUTIONS PRIVATE LIMITED
PhyziiCIRRIUS TECHNOLOGIES PRIVATE LIMITED
Fire BolttBOLTT GAMES PRIVATE LIMITED17.1%₹136.50 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Disease self management19₹2,762.03 cr~₹12 lakh42%4.8%
Healthcare it60₹2,354.39 cr~₹1.7 cr49%-6.8%
Healthcare booking platforms56₹2,055.71 cr~₹1.2 cr39%-79.5%
Life sciences tech9₹1,433.23 cr~₹2.2 cr78%-17.0%
Fitness & wellness tech29₹545.56 cr~₹1.6 cr41%-4.0%
Pharmacy it9₹365.34 cr~₹76 lakh44%-0.9%
Employee health it8₹66.29 cr~₹3.1 cr50%-41.6%
Online health information5₹56.08 cr~₹4 lakh20%17.0%
Leaders

Largest healthtech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
MedtronicINDIA MEDTRONIC PRIVATE LIMITED₹2,669.84 cr₹136.79 cr5.1%+15%
Ascent Health & Wellness SolutionsASCENT WELLNESS AND PHARMA SOLUTIONS PRIVATE LIMITED₹1,372.95 cr−₹247.01 cr-18.0%+4%
IKS HealthInventurus Knowledge Solutions Limited₹988.40 cr₹331.95 cr33.6%+9%
MedikabazaarBOSTON IVY HEALTHCARE SOLUTIONS PRIVATE LIMITED₹974.67 cr−₹437.60 cr-44.9%-14%
API HoldingsApi Holdings Limited₹833.42 cr−₹1,434.67 cr-172.1%-22%
Zenzo HealthCareZENPLUS PRIVATE LIMITED₹424.18 cr₹4.90 cr1.2%-1%
FitCircleZYWIE VENTURES PRIVATE LIMITED₹261.10 cr−₹4.17 cr-1.6%+139%
PharmapointPHARMAPOINT (INDIA) PRIVATE LIMITED₹222.83 cr₹6.37 cr2.9%+19%
ArkrayARKRAY HEALTHCARE PRIVATE LIMITED₹182.68 cr₹4.52 cr2.5%+6%
MakeOMAKEO HEALTHCARE TECHNOLOGIES PRIVATE LIMITED₹149.66 cr−₹85.90 cr-57.4%-16%
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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

Healthtech Industry Landscape of Mumbai

The financials above are one chapter. The full healthtech landscape of Mumbai 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 healthtech landscape of Mumbai
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

Healthtech funding and M&A across India

2,606 recorded equity rounds have gone to 11,120 healthtech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months66

US$364.18m

equity rounds, last 24 months216

US$689.43m

raised over five yearsUS$5.35bn

1,255 rounds in India

M&A deals, Mumbai13

last 24 months

Capital by year

Equity funding into healthtech in India

amount rounds
$516m2018188
$625m2019207
$562m2020236
$2.3bn2021307
$1.0bn2022300
$403m2023254
$965m2024225
$267m2025128
$327m202641

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.35bn across 307 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$63.31m257 rounds · median US$114k
SeedUS$581.29m745 rounds · median US$340k
Series AUS$795.21m155 rounds · median US$4.03m
Series BUS$637.07m50 rounds · median US$12.00m
Series CUS$704.17m20 rounds · median US$26.61m
Series D+US$2.13bn25 rounds · median US$53.00m
Private equityUS$297.01m1 rounds · median US$297.01m
Where the money went · five years

Most-funded sub-sectors

Healthcare booking platformsUS$2.96bn311 rounds · 141 companies
Fitness & wellness techUS$553.41m125 rounds · 61 companies
Healthcare itUS$473.29m267 rounds · 138 companies
Healthcare payer techUS$137.00m24 rounds · 10 companies
HrtechUS$131.71m33 rounds · 13 companies
Clinical labs itUS$110.98m18 rounds · 9 companies
Consumer electronics e-commerceUS$98.29m10 rounds · 2 companies
Corporate activity · last 24 months

M&A in Mumbai

13Acquisition

Most active acquirers

  1. Iks health6
  2. PB Healthcare Services2
  3. Reliance industries2
  4. TIAN RUIXIANG1
  5. Lytus technologies1

Most acquired or merged

  1. Trubridge, inc2
  2. ThinkDTM2
  3. Fitterfly2
  4. Karkinos healthcare2
  5. ARAI Solutions1

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

Healthtech funding in Mumbai

101 healthtech companies in Mumbai have recorded equity funding, US$2.73bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind healthtech companies in Mumbai. 421 of 846 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai healthtech companies by sub-sector

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

Keep exploring healthtech in India and nearby markets.

Coming soon