Company lists
The Mumbai edition · 2026

Internet first mediacompanies in Mumbai

News portals, sports media, auto media, parenting, entertainment and more: the companies building internet first media in Mumbai, Maharashtra, with their founders, funding, team size and business models.

286 company profiles56 with reported revenue14 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent internet first media business events in Mumbai

Funding, M&A, contract wins and launches involving 360 internet first media companies in Mumbai, last 24 months: 59 M&A deals · 11 funding rounds · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Nazara technologies acquires Rusk media

The acquisition was completed for a subscription amount of ₹14,98,99,176. This development comes after a Share Subscription Agreement was executed on March 30, 2026, between Nazara…

Media and Entertainment
FundingPreferential issue of warrants

Nazara technologies

Gaming company Nazara Technologies has announced a Rs 500 crore fundraise through a preferential issue of warrants , according to a regulatory filing on Monday.

Investors Riambel Capital, S Gupta Family Investments, Plutus Investment and Holding, Classic enterprises
Gaming
M&AAcquisition · Rumored

Na acquires Madison world

Madison World is likely to sign a term sheet for a potential ₹1,000 crore acquisition.

Advertising
M&AAcquisition · Announced

Wondrlab acquires Madison world

Wondrlab has been in advanced discussions to acquire Sam Balsara’s Madison in a transaction widely pegged at around ₹1,000 crore.

Advertising
M&AAcquisition · Rumored

Wondrlab Network acquires Madison world

According to reports, Madison founder Sam Balsara is seeking around Rs 1,000 crore for the agency. If the Wondrlab deal goes through, it would rank as the largest acquisition of an…

Advertising agency
Funding

Rediff.com

Infibeam Avenues is preparing one of its biggest consumer-facing bets yet, committing ₹500-700 crore over the next three years to transform Rediff.com into an AI-first super-app ecosystem.

AI, fintech, payments
M&AAcquisition · Completed

Rediff.com acquires Infibeam avenues

This strategic move has resulted in Infibeam Avenues increasing its shareholding in Rediff to 82.66%, marking a substantial expansion of its stake in the prominent Indian internet company.

Fintech
M&AAcquisition · Announced

Flipkart acquires Pinkvilla

Flipkart, India’s homegrown e-commerce marketplace, has announced the acquisition of a majority stake in Pinkvilla India Private Limited

Digital infotainment platform
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Axana Estates LLP has acquired a 5.4% stake in online gaming company Nazara Technologies through a preferential issue of equity shares, according to a regulatory filing.

M&AAcquisition · Rumored

Havas acquires Madison world

Storyboard18 has reported that both Havas and Publicis Groupe are in the final stages of bidding for a 70% stake in Madison World.

Advertising
M&AAcquisition · Rumored

Na acquires Madison world

Bolloré reaffirmed the company’s commitment to its acquisition-led growth strategy at a time when Havas and Publicis Groupe are reportedly in the final stages of bidding for a 70% stake…

M&AAcquisition · Announced

Creativefuel acquires Missmalini entertainment

Creativefuel, marketing and content agency founded by Nikhil and Tushar Sukhramani, has reportedly acquired MissMalini Entertainment from The Good Glamm Group (GGG) in a deal valued at…

Digital content & influencer ecosystem
M&AAcquisition · Completed

The good glamm group acquires Missmalini entertainment

However, people close to the company said that GGG had bought MissMalini for around Rs 3 crore.

Media and influencer talent management
M&AAcquisition · Pending

Moonshine technologies acquires Nazara technologies

Nazara obtained the board’s nod to sell its 94.85% stake in its subsidiary Open Play to Moonshine Technologies, the parent of online poker platform Pokerbaazi, for INR 104.33 Cr.

M&AAcquisition · Rumored

Publicis groupe acquires Madison world

Publicis Groupe and Havas Network are both in discussions with Madison World, founded by Sam Balsara, to acquire a majority stake in its advertising business.

Advertising and communications
M&AAcquisition · Rumored

Publicis Groupe and Havas Network acquires Madison world

Publicis Groupe and Havas Network are in separate talks to snap up a majority stake in Madison World, India’s last large independent advertising group, if media reports are to be believed.

Advertising
M&AAcquisition · Pending

Havas Network acquires Madison world

Publicis Groupe and Havas Network have entered separate negotiations to acquire a majority stake in Madison World

Advertising
M&AAcquisition

Norges bank acquires Nazara technologies

Norges Bank has bought 7.19 Lakh shares of gaming major Nazara Technologies via bulk deals

M&AAcquisition · Announced

Axana Estates LLP, Plutus Wealth Management LLP, Junomoneta Finsol Private Limited acquires Nazara technologies

Axana Estates LLP, Plutus Wealth Management LLP, along with Junomoneta Finsol Private Limited made an Open Offer to acquire equity shares in Nazara Technologies Ltd.

Gaming
M&AAcquisition · Announced

Axana Estates acquires Nazara technologies

Nazara Technologies announced on Monday its plans to secure Rs 495 crore through a 5.4% stake sale to Axana Estates, an entity established by the company's current investors.

Gaming & Media
M&AAcquisition · Announced

Axana Estates & Plutus Wealth Management acquires Nazara technologies

The transaction, which is priced at Rs 990 per share, has triggered an open offer wherein Plutus Wealth Management and Axana Estates, along with persons acting in concert (PAC), will…

Gaming & Media
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Plutus Wealth and Axana Estates have launched a public open offer to acquire an additional 26% stake in Nazara.

Gaming
M&AAcquisition · Announced

Axana Estates and Plutus Wealth Management, along with Junomoneta Finsol acquires Nazara technologies

Axana Estates and Plutus Wealth Management, along with Junomoneta Finsol, have made an open offer to acquire up to a 26% stake in Nazara Technologies Ltd.

Gaming
M&AAcquisition · Announced

Axana Estates LLP and Plutus Wealth Management LLP acquires Nazara technologies

Nazara Technologies Ltd, a leading diversified gaming and sports media platform, has announced an open offer for up to 26% of its equity shares.

Internet first media companies in Mumbai, by revenue

Browse internet first media 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 56 internet first media 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 diversified gaming and sports media platform

Mobile gaming
₹1,715.44 crFY 2024-25
+41%2024–2025
184+1% 12 mo to Mar 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Online platform offering latest news in Hindi for global audiences

Internet first media
₹760.22 crFY 2024-25
+1%2024–2025
1,156-1% 12 mo to Aug 2024recorded Aug 2024
18 yr2008
0none in 3 months

Streaming platforms providing music, video, news, and gaming content

Internet first media
₹244.40 crFY 2023-24
-28%2023–2024
659-22% 12 mo to Feb 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Online platform providing news on music

Internet first media
₹219.87 crFY 2024-25
+32%2024–2025
62LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Digital news content related to stock markets, finance, and economy

Internet first media
₹190.65 crFY 2022-23
-9%2022–2023
1,259recorded
27 yr1999
—No postings tracked

Digital media property focusing on cricket

Internet first media
₹131.28 crFY 2024-25
-10%2024–2025
1LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of gaming accessories

Internet first media
₹83.97 crFY 2022-23
+2647%2022–2023
87-92% vs previous recordrecorded
5 yr2021
—No postings tracked

Gujarat based local news portal

Internet first media
₹70.39 crFY 2022-23
Not reported
—Not available
47 yr1979
0none in 3 months

Online fashion & lifestyle magazine

Internet first media
₹57.73 crFY 2024-25
+32%2024–2025
68+9% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Technology news platform

Internet first media
₹42.75 crFY 2023-24
+41%2023–2024
—Not available
9 yr2017
0none in 3 months

Social news platform for viral and trending content

Internet first media
₹35.45 crFY 2024-25
+12%2024–2025
160+0% 12 mo to Jul 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Online travel & lifestyle content portal

Online travel
₹26.36 crFY 2024-25
Not reported
81LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Online news and information portal for animation, gaming & VFX

Internet first media
₹20.68 crFY 2024-25
+29%2024–2025
—Not available
15 yr2011
0none in 3 months

App-based platform offering medical news

Internet first media
₹18.08 crFY 2024-25
+57%2024–2025
37+9% 12 mo to Mar 2024recorded Mar 2024
5 yr2021
0none in 3 months

Provider of real-time financial news and data

Internet first media
₹16.93 crFY 2023-24
+20%2023–2024
120LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of news, insights, and analysis for the solar energy sector

Internet first media
₹16.72 crFY 2024-25
+19%2024–2025
43+169% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

A digital platform offering online temple and gamesha darshana services

Religion tech
₹14.59 crFY 2021-22
Not reported
—Not available
23 yr2003
0none in 3 months

Online subscription-based digital publication

Internet first media
₹15.60 crFY 2024-25
+28%2024–2025
58LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Online platform offering multi-category content

Internet first media
₹15.55 crFY 2024-25
+9%2024–2025
92LinkedIn · Jul 2026
13 yr2013
1postings · last posted Jul 2026

Online platform offering chess content

Sports tech
₹6.42 crFY 2024-25
+51%2024–2025
29LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Mar 2026

Digital news content related to Indian television and media market.

Internet first media
₹6.14 crFY 2024-25
-14%2024–2025
74LinkedIn · Jul 2026
26 yr2000
2postings · last posted Jul 2026

Blogs focused on multiple topics

Internet first media
₹6.09 crFY 2024-25
+48%2024–2025
18LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Social platform for connecting with like-minded people

Internet first media
₹5.80 crFY 2024-25
-10%2024–2025
151+80% vs previous recordLinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted May 2026

Digital media content platform providing online stories, videos, podcasts, and web series

Internet first media
₹4.74 crFY 2024-25
-33%2024–2025
20-29% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Film Companion | All Things Entertainment

Internet first media
₹4.13 crFY 2021-22
Not reported
125LinkedIn · Jul 2026
12 yr2014
0none in 3 months
50 of 286 companies shown here · the full list is on Radar
Fliar Radar

Explore all 286 internet first media companies in Mumbai on Radar

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

Open internet first media in Mumbai on Radar
  • Every company, not just 50All 286 internet first media 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore internet first media companies in Mumbai by what you are looking for

Discover top internet first media companies in Mumbai, from news portals to entertainment and sports sites. Browse digital media startups in Mumbai and listed online media companies by topic.

9 ways to explore internet first media in Mumbai

Online news portals & publishersSports media & content sitesAutomotive content & car research portalsParenting & baby care content platformsFilm, TV & OTT entertainment mediaLifestyle, beauty & health content sites

Online news portals & publishers

Digital news publishers covering business, finance and general news.

  1. Lokmat Media

    Online platform offering latest news in Hindi for global audiences

    Internet first media
    See in list
  2. Moneycontrol

    Digital news content related to stock markets, finance, and economy

    Internet first media
    See in list
  3. Mid-Day Infomedia

    Gujarat based local news portal

    Internet first media
    See in list
  4. RVCJ Digital Media

    Social news platform for viral and trending content

    Internet first media
    See in list
  5. Medshorts

    App-based platform offering medical news

    Internet first media
    See in list

Sports media & content sites

Online platforms with cricket, football, chess and multi-sport news.

  1. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  2. CricketCountry

    Digital media property focusing on cricket

    Internet first media
    See in list
  3. ChessBase

    Online platform offering chess content

    Sports tech
    See in list
  4. Female Cricket

    Online platform providing news on cricket

    Sports tech
    See in list
  5. Nation of Sport

    Online platform publishing content focusing on sports

    Internet first media
    Website

Automotive content & car research portals

Car and bike reviews, research and enthusiast platforms.

  1. MotorBeam

    Online automobile content & reviews portal

    Internet first media
    See in list
  2. Bikers Club

    Social platform for motorbike enthusiasts

    Social platforms
    Website
  3. Business India Group

    Business India, India's leading business Magazine, Magazine of the corporate world, Auto India, Magazine automobiles, Inside Outside, Magazine for interiors

    Internet first media
    Website
  4. BuyCarsOnline

    Online portal allowing users to research on new cars

    Auto e-commerce & content
    Website
  5. Thrust Zone

    Online platform publishing content focusing on automotive

    Internet first media
    Website
12 companies in Mumbai

Parenting & baby care content platforms

Parenting blogs, communities and baby care information sites.

  1. Kidsstoppress

    Parenting content platform

    Internet first media
    See in list
  2. India Parenting

    Information and resource platform for parents

    Internet first media
    Website
  3. SUPERMOM MITALI

    Provider of baby care and parenting content portal

    Mom & baby care
    Website
  4. MumMumTime

    Online platform offering parenting blog for baby food and recipes

    Mom & baby care
    Website
  5. The Curious Parent

    Online community platform for parents

    Mom & baby care
    Website
9 companies in Mumbai

Film, TV & OTT entertainment media

Entertainment news, film and TV sites and video streaming platforms.

  1. Hungama Digital Media

    Streaming platforms providing music, video, news, and gaming content

    Internet first media
    See in list
  2. Film Companion

    Film Companion | All Things Entertainment

    Internet first media
    See in list
  3. IWMBuzz

    App-based media portal focused on entertainment news

    Internet first media
    See in list
  4. India Forums

    Online platform providing entertainment news

    Tech for film & tv
    See in list
  5. Lehren

    Entertainment news content multi-channel network

    Ott video
    Website

Lifestyle, beauty & health content sites

Beauty advice, health information and lifestyle publishing platforms.

  1. Curly Tales

    Online travel & lifestyle content portal

    Online travel
    See in list
  2. Sepalika

    Healthcare content platform offering research based content

    Healthcare booking platforms
    See in list
  3. TheHealthSite

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

    Internet first media
    Website
  4. TVOF

    App-based content platform offering fashion and lifestyle content

    Internet first media
    Website
  5. HairStylo

    Hairstyle & hair care advice platform

    Beauty tech
    Website

Internet first media startups in Mumbai

Recently founded digital media startups in Mumbai.

  1. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list
  2. Vygr News

    Blogs focused on multiple topics

    Internet first media
    See in list
  3. Haalchaal

    Location-based vernacular social application

    Local services
    Website
  4. Feature Writers

    Online news platform

    Internet first media
    Website
  5. opod

    Opod is a audio news app that provides context-based information in 30 seconds or less.

    Internet first news publishers
    Website
44 companies in Mumbai

Internet first media companies hiring in Mumbai

Digital media companies in Mumbai with open roles.

  1. Music Plus

    Online platform providing news on music

    Internet first media
    See in list
  2. Curly Tales

    Online travel & lifestyle content portal

    Online travel
    See in list
  3. Homegrown

    Online platform offering multi-category content

    Internet first media
    See in list
  4. ChessBase

    Online platform offering chess content

    Sports tech
    See in list
  5. Indiantelevision.com

    Digital news content related to Indian television and media market.

    Internet first media
    See in list
8 companies in Mumbai

Listed internet first media companies in Mumbai

Publicly listed online media companies based in Mumbai.

  1. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  2. diligent media corporation

    Diligent Media Corporation is an India-based company that publishes daily newspapers.

    Internet first news publishers
    Website
  3. Unitech International

    Provider of online sports betting guidance and tips

    Internet first media
    Website
3 companies in Mumbai
Mobile reach

Top 10 internet first media apps from Mumbai

The most-installed Android apps published by internet first media companies headquartered in Mumbai — 17.9M installs between them. 30 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Ludo Classic Game

by Nazara

Installs7.6M
Rating4.0514K ratings
Installs, year on year+2%
Last updatedOct 2025
View on Google Play ↗
Ludo Classic Game screenshot 1Ludo Classic Game screenshot 2Ludo Classic Game screenshot 3Ludo Classic Game screenshot 4
2

BikeWale- Bikes & Two Wheelers

by BikeWale

Installs7.2M
Rating4.6472K ratings
Last updatedMay 2026
View on Google Play ↗
BikeWale- Bikes & Two Wheelers screenshot 1BikeWale- Bikes & Two Wheelers screenshot 2BikeWale- Bikes & Two Wheelers screenshot 3BikeWale- Bikes & Two Wheelers screenshot 4BikeWale- Bikes & Two Wheelers screenshot 5BikeWale- Bikes & Two Wheelers screenshot 6
3

Headlyne: Daily News with AI

by Headlyne

Installs1.4M
Rating2.5941 ratings
Installs, year on year+65%
Last updatedAug 2025
View on Google Play ↗
Headlyne: Daily News with AI screenshot 1Headlyne: Daily News with AI screenshot 2Headlyne: Daily News with AI screenshot 3Headlyne: Daily News with AI screenshot 4Headlyne: Daily News with AI screenshot 5Headlyne: Daily News with AI screenshot 6
5

Arré Voice: Short Audio Social

by Arré

Installs433K
Rating—
Last updatedJun 2026
View on Google Play ↗
Arré Voice: Short Audio Social screenshot 1Arré Voice: Short Audio Social screenshot 2Arré Voice: Short Audio Social screenshot 3Arré Voice: Short Audio Social screenshot 4Arré Voice: Short Audio Social screenshot 5Arré Voice: Short Audio Social screenshot 6
7

HW News Network

by HW News Network

Installs149K
Rating4.822K ratings
Installs, year on year+3%
Last updatedMar 2023
View on Google Play ↗
HW News Network screenshot 1HW News Network screenshot 2HW News Network screenshot 3HW News Network screenshot 4HW News Network screenshot 5HW News Network screenshot 6
8

Koimoi - Latest Bollywood News

by Koimoi

Installs135K
Rating2.833K ratings
Last updatedNov 2025
View on Google Play ↗
Koimoi - Latest Bollywood News screenshot 1Koimoi - Latest Bollywood News screenshot 2Koimoi - Latest Bollywood News screenshot 3Koimoi - Latest Bollywood News screenshot 4Koimoi - Latest Bollywood News screenshot 5Koimoi - Latest Bollywood News screenshot 6
10

Lehren - News & Gossip Videos

by Lehren

Installs79K
Rating4.5271 ratings
Last updatedAug 2023
View on Google Play ↗
Lehren - News & Gossip Videos screenshot 1Lehren - News & Gossip Videos screenshot 2Lehren - News & Gossip Videos screenshot 3Lehren - News & Gossip Videos screenshot 4Lehren - News & Gossip Videos screenshot 5Lehren - News & Gossip Videos screenshot 6
The business behind the activity

Internet first media financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 46 internet first media companies in Mumbai, Maharashtra for FY24-25 — 68 of the 286 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,513.98 cr

46 companies filing accounts

combined net profit₹150.07 cr

9.9% aggregate margin

are profitable54%

25 of 46 companies

median revenue~₹3.7 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹990.51 crFY19-2047 filers
₹1,054.47 crFY20-2153 filers
₹1,564.96 crFY21-2254 filers
₹1,824.62 crFY22-2354 filers
₹1,704.00 crFY23-2451 filers
₹1,513.98 crFY24-2546 filers

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

Like-for-like

The same 45 companies over three years

+13%
FY22-23₹1,340.53 cr₹81.42 cr net
FY23-24₹1,399.06 cr₹27.83 cr net
FY24-25₹1,513.32 cr₹150.59 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 cr1833% profitable
₹1–10 cr1457% profitable
₹10–100 cr1080% profitable
₹100–1,000 cr475% profitable
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

Shrinking18
0–20%5
20–50%11
50–100%7
Doubled+5

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

Profitability

Profit is concentrated at the top

25profitable
21loss-making
9.9%aggregate margin
1.2%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
ExhibitExhibit Technologies Private Limited+64%
Curly TalesCURLY TALES DIGITAL MEDIA PRIVATE LIMITED+62%₹26.36 cr
MedshortsSCIENTIMED SOLUTIONS PRIVATE LIMITED+57%₹18.08 cr
NazaraNazara Technologies Limited+49%₹100.86 cr
AnimationBossAB STUDIOS PRIVATE LIMITED+46%₹20.54 cr
ELLE IndiaOGAAN MEDIA PRIVATE LIMITED+32%₹57.69 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NazaraNazara Technologies Limited27.8%₹100.86 cr
Lokmat, Lokmat MediaLOKMAT MEDIA PRIVATE LIMITED17.5%₹741.71 cr
The CoreOUTCUE MEDIA PRIVATE LIMITED15.9%₹15.60 cr
ExhibitExhibit Technologies Private Limited11.6%
AnimationBossAB STUDIOS PRIVATE LIMITED11.2%₹20.54 cr
ELLE IndiaOGAAN MEDIA PRIVATE LIMITED9.2%₹57.69 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Internet first media37₹1,371.92 cr~₹3.9 cr51%8.7%
Leaders

Largest internet first media companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Lokmat, Lokmat MediaLOKMAT MEDIA PRIVATE LIMITED₹741.71 cr₹129.77 cr17.5%+1%
Music PlusTM VENTURES PRIVATE LIMITED₹180.23 cr₹12.32 cr6.8%+20%
TheHealthSite, CricketCountryINDIADOTCOM DIGITAL PRIVATE LIMITED₹131.28 cr−₹20.23 cr-15.4%-10%
NazaraNazara Technologies Limited₹100.86 cr₹28.04 cr27.8%+49%
Mid-Day InfomediaMIDDAY INFOMEDIA LIMITED₹68.60 cr−₹1.68 cr-2.4%-3%
ELLE IndiaOGAAN MEDIA PRIVATE LIMITED₹57.69 cr₹5.29 cr9.2%+32%
RVCJ Digital MediaRVCJ DIGITAL MEDIA PRIVATE LIMITED₹35.45 cr₹12.22 lakh0.3%+12%
Curly TalesCURLY TALES DIGITAL MEDIA PRIVATE LIMITED₹26.36 cr₹2.30 cr8.7%+62%
ExhibitExhibit Technologies Private Limited₹2.45 cr11.6%+64%
AnimationBossAB STUDIOS PRIVATE LIMITED₹20.54 cr₹2.30 cr11.2%+46%
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

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full internet first media 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 internet first media 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

Internet first media funding and M&A across India

358 recorded equity rounds have gone to 3,399 internet first media 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 months1

US$1.00m

equity rounds, last 24 months6

US$3.35m

raised over five yearsUS$1.55bn

84 rounds in India

M&A deals, Mumbai59

last 24 months

Capital by year

Equity funding into internet first media in India

amount rounds
$131m201847
$110m201936
$367m202024
$408m202127
$1.1bn202225
$19m202317
$21m20249
$3.4m20256

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.10bn across 25 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.77m13 rounds · median US$81k
SeedUS$29.84m46 rounds · median US$456k
Series AUS$62.52m14 rounds · median US$3.52m
Series BUS$34.29m7 rounds · median US$3.03m
Series CUS$13.69m1 rounds · median US$13.69m
Where the money went · five years

Most-funded sub-sectors

Social platformsUS$1.41bn8 rounds · 4 companies
Internet first mediaUS$79.63m47 rounds · 33 companies
Mobile gamingUS$32.97m5 rounds · 2 companies
Mom & baby careUS$13.72m4 rounds · 2 companies
Sports techUS$7.75m9 rounds · 7 companies
Internet first insurance platformsUS$5.05m3 rounds · 1 companies
Auto e-commerce & contentUS$685k3 rounds · 2 companies
Corporate activity · last 24 months

M&A in Mumbai

58Acquisition
1Merger

Most active acquirers

  1. Nazara technologies37
  2. Axana Estates LLP7
  3. Na2
  4. Morgan stanley1
  5. Wondrlab1

Most acquired or merged

  1. Nazara technologies10
  2. Madison world8
  3. Curve digital2
  4. Missmalini entertainment2
  5. Absolute sports2

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

Internet first media funding in Mumbai

14 internet first media companies in Mumbai have recorded equity funding, US$230.71m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind internet first media companies in Mumbai. 124 of 286 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai internet first media companies by sub-sector

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

Keep exploring internet first media in India and nearby markets.

Coming soon