Best Internet of Things - Industry Applications Companies in Mumbai, India
The 131 best Internet of Things - Industry Applications companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Atomberg.
Our analysis of 50 Internet of Things - Industry Applications companies
94% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025; the median company was founded 2018.
Ranked: Best Internet of Things - Industry Applications companies in Mumbai
| # | Company | Revenue | Disclosed funding | Last round | Employees | Founder | App-install YoY | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Seshaasai Provider of payment solutions, communication services, and IoT-enabled RFID technologies | $174M FY2025 | $718K | 170 mo ago | 3 | Pragnyat Lalwani Co-Founder & Managing Director & Director | — | — |
| 2 | BOLA Provides IoT based solutions for remote monitoring of transformers | $172M FY2025 | — | — | 243 | Saif Qureishi Founder & CEO | — | — |
| 3 | Atomberg Manufacturer of energy efficient ceiling fans kitchen appliances smart locks 84News top 16%Moat top 20%Funding top 21%Tech top 23% All 11 signals ▾Newstop 16% Moattop 20% Fundingtop 21% Techtop 23% Markettop 24% Growthtop 29% Producttop 29% Talenttop 36% Customerstop 37% Fin. healthtop 40% Globalbottom 39% News: 11 BI events in 12 mo (of 29 tracked, 7 types) · +450% YoY Moat: Top 1% by revenue among 180 tracked Smart Homes companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 84/100 | $118M FY2025 | $128M | 8 mo ago | 765 765 → 1,422 (+86%) · sector median +81% | Sibabrata Das Co-Founder & COO | +101% | 1 award |
| 4 | Yotta Provider of data center, cloud, AI, and cybersecurity infrastructure services | $107M FY2025 | — | 28 mo ago | 11 | Darshan Hiranandani Co-Founder | — | — |
| 5 | Cherise Tapri Online platform offering tea and coffee-making machine 62Moat top 22%Fin. health top 28%Innovation top 34%Growth top 34% All 11 signals ▾Moattop 22% Fin. healthtop 28% Innovationtop 34% Growthtop 34% Markettop 42% Producttop 48% Talentbottom 49% Fundingbottom 46% Techbottom 42% Globalbottom 37% Newsbottom 22% Moat: Top 7% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 4/10 Fin. health: Revenue ~$16.6M (FY2021) · Net margin 10.1% rank vs industry peers · Fliar Intelligence Index 62/100 | $17M FY2025 | $2M | 7 mo ago | 137 | Parimal Shah Founder & CEO | — | — |
| 6 | Sepio Products Manufacturer of tamper-evident security seals, including electronic and plastic options 64Talent top 28%Patents top 29%Moat top 30%Tech top 31% All 11 signals ▾Talenttop 28% Patentstop 29% Moattop 30% Techtop 31% Innovationtop 36% Markettop 40% Fundingtop 40% Producttop 47% Fin. healthtop 50% Growthbottom 47% Globalbottom 36% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Patents: 20 patents matched (strict assignee match) · 15 filings since 2022 vs 5 in 2017-21 rank vs industry peers · Fliar Intelligence Index 64/100 | $10M FY2025 | $4M | 34 mo ago | 99 99 → 82 (-17%) · sector median +81% | Prasad Kamat Co-Founder | — | — |
| 7 | Zicom Electronics security surveillance based security | $10M FY2020 | $12M | 251 mo ago | 211 | — | — | — |
| 8 | AjnaLens Manufacturer of mixed reality headset 57Moat top 13%Innovation top 28%Talent top 28%Tech top 34% All 11 signals ▾Moattop 13% Innovationtop 28% Talenttop 28% Techtop 34% Fundingtop 43% Markettop 44% Producttop 48% Growthtop 49% Globalbottom 37% Fin. healthbottom 26% Newsbottom 22% Moat: Top 2% by revenue among 56 tracked Augmented Reality companies · Editorial + unicorn rating 7/10 Innovation: 3 product lines · Deep-tech classification: Tech Hardware rank vs industry peers · Fliar Intelligence Index 57/100 | $2M FY2025 | $13M | 11 mo ago | 79 79 → 147 (+86%) · sector median +81% | Abhijit Patil Co-Founder & COO | — | 3 job openings · 1 internship |
| 9 | Gaia Platform offering IoT solutions for smart cities and other industries | $1M FY2025 | $969K | 92 mo ago | 23 | Amrita Chowdhury Co-Founder & CEO | — | — |
| 10 | YoloHealth Provider of primary healthcare via automated kiosks | $1M FY2025 | $683K | 76 mo ago | 46 46 → 77 (+67%) · sector median +81% | — | — | — |
| 11 | Ajjas Provider of IoT GPS tracking devices and analytics for businesses | $1M FY2025 | — | 76 mo ago | 43 43 → 69 (+60%) · sector median +81% | Shailendra Singh Co-Founder & Director | +52% | — |
| 12 | Enlite Research Developer of wireless building automation systems for energy management control | $1M FY2025 | $115K | 12 mo ago | 57 57 → 116 (+104%) · sector median +81% | Garima Bharadwaj Co-Founder & CTO | — | 1 partnership |
| 13 | BuildINT Energy management solution provider for commercial buildings | $669K FY2025 | — | — | — | Amit Rai Managing Director | — | — |
| 14 | Autosys Provider of industry manufacturing execution system 35Innovation top 34%Growth top 37%Product top 38%Moat top 38% All 10 signals ▾Innovationtop 34% Growthtop 37% Producttop 38% Moattop 38% Talenttop 38% Globalbottom 37% Marketbottom 33% Fin. healthbottom 32% Fundingbottom 31% Techbottom 30% Innovation: 5 product lines Growth: Headcount 31 → 36 (+16%) across vintages · Revenue +40% YoY rank vs industry peers · Fliar Intelligence Index 35/100 | $631K FY2025 | $514K | 68 mo ago | 36 | Satbir Banga Co-Founder | — | — |
| 15 | Alphacore Technologies Provider of IoT based predictive maintainance solutions | $527K FY2025 | — | — | — | Nirmal Parekh Founder & MD | — | 7 job openings |
| 16 | Actofit Developer of connected fitness tracking devices | $468K FY2023 | $867K | 35 mo ago | 11 | Pratik Saraogi Chief Executive Officer | — | — |
| 17 | Locate365 It develops AI-powered software solutions for businesses | $408K FY2025 | $235K | 103 mo ago | 27 | Sudhanshu Tewari Founder | — | — |
| 18 | Nuos Provider of IoT-powered home automation products | $229K FY2025 | $23K | 110 mo ago | 7 | Geetica Srivastava Cofounder and Director | — | 1 award |
| 19 | RedSky Technologies Platform offering analytics solution for retail businesses | $186K FY2022 | $1M | 81 mo ago | 18 | — | — | — |
| 20 | SustLabs Provider of IoT-based energy consumption monitoring solutions 29Growth top 24%Talent top 38%Funding bottom 49%Tech bottom 43% All 8 signals ▾Growthtop 24% Talenttop 38% Fundingbottom 49% Techbottom 43% Moatbottom 42% Globalbottom 37% Fin. healthbottom 35% Marketbottom 14% Growth: Revenue +76% YoY · Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 29/100 | $157K FY2025 | $522K | 14 mo ago | 7 | Soumya Bhattacharya Co-Founder & CTO | — | — |
| 21 | Living Things AI and IoT technology provide energy intelligence solutions for enterprises | $124K FY2025 | $1M | 39 mo ago | 40 40 → 64 (+60%) · sector median +81% | Tushar Jagadale Co-Founder & Head of Data Science | — | — |
| 22 | WatchOut Developer of smartwatches and fitness tracker bands | $122K FY2025 | $121K | 41 mo ago | 5 | Abhisek Baheti Co-Founder & CEO | — | — |
| 23 | PicoStone Startup working towards making smart home solutions | $114K FY2025 | $293K | 95 mo ago | 20 | Virang Jhaveri Co-Founder & CEO | — | — |
| 24 | Eugenie.ai Provider of AI-driven emissions intelligence for industrial sustainability and operational efficiency | $93K FY2025 | $50K | 40 mo ago | 3,865 | Soudip Roy Chowdhury Founder | — | — |
| 25 | BabyG App for early development of babies offering activities, growth milestones, and parenting tips | $76K FY2024 | $184K | 52 mo ago | 2 | Priyanka Zaveri Co-Founder & Marketing Head | +18% | — |
| 26 | Viliso Technologies IoT based environment monitoring product | $60K FY2025 | $55K | 58 mo ago | — | Chandra Sakpal Co-Founder & CEO | — | — |
| 27 | Leaf Technologies Smart home based technology product | $58K FY2025 | $3M | 128 mo ago | 16 | — | — | — |
Top 12 Internet of Things - Industry Applications companies in Mumbai
#1
Series C · Mumbai, Maharashtra · founded 2012 · 765 employees$127.9Mraised▾
Manufacturer of energy efficient ceiling fans kitchen appliances smart locks. The company specializes in energy-efficient smart home appliances like BLDC ceiling fans, mixer grinders, water purifiers, and more. These appliances utilize motor technology designed to reduce power consumption during operation. The product range covers household cooling, food preparation, and home security requirements.
- Oct 2025Series C$24.1M
- Mar 2023Series C$53.2M
- Dec 2021Series C$20M
- Sep 2021Series B—
#2
Seed · Mumbai, Maharashtra · founded 2014 · 79 employees$12.6Mraised▾
Manufacturer of mixed reality headset. It designs and develops hardware and software for enterprises and defence to improve productivity, training, reduce cost, time, error and improve efficiency. It alsp uses digital twin and AI technology.
- Jul 2025Seed$2.5M
- Dec 2023Seed$547.3K
- Oct 2023Seed$1.9M
- Jan 2023Seed$1.1M
#3
Seed · Mumbai, Maharashtra · founded 2019 · 137 employees$2.2Mraised▾
Online platform offering tea and coffee-making machine. The platform caters to tea and coffee lovers who enjoy authentic flavors and convenient brewing solutions. It provides a range of beverages crafted for different tastes, ensuring a fresh and enjoyable experience.
- Oct 2025Seed$5.4M
- Sep 2025Angel$644.8K
- Jan 2023Seed$1.8M
- Jan 2021Seed$587.8K
#4
Seed · Mumbai, Maharashtra · founded 2024$900Kraised▾
Provider of information technology consulting services
- Dec 2025Seed$900K
- Dec 2025Grant (prize money)—
#5
Seed · Mumbai, Maharashtra · founded 2016 · 7 employees$521.5Kraised▾
Provider of IoT-based energy consumption monitoring solutions. Its solution is designed to help households and small offices track and optimize their energy usage. Its product, Ohm, provides real-time insights into energy consumption patterns, enabling users to make informed decisions to reduce their energy footprint. With a focus on sustainability, It aims to empower individuals and organizations to adopt energy-efficient practices and contribute to a more environmentally friendly future. It helps businesses with informed energy management decisions.
- Apr 2025Seed$1.2M
- Mar 2024Seed$251.6K
- Dec 2023Grant (prize money)—
- Mar 2023Seed$120.5K
#6
Seed · Mumbai, Maharashtra · founded 2016$1Mraised▾
Provider of an end-to-end IoT platform for manufacturing and enterprise analytics. It provides digital services and solutions integrating emerging technologies for transformative business outcomes. The proprietary AI ecosystem integrating tools like AI Agents and AI Workbench, empowering businesses with intelligent automation and actionable insights. It offers multiple products and services in the AI and IoT space.
- Feb 2025Seed$1M
#7
Series A · Mumbai, Maharashtra · founded 2018 · 57 employees$115.4Kraised▾
Developer of wireless building automation systems for energy management control. These systems utilize hardware and software to monitor and regulate environmental conditions within commercial and industrial facilities. The technology enables real-time adjustments to building operations to improve efficiency. The platform integrates sensors and controllers to manage lighting, climate, and access security without requiring extensive physical wiring.
- Jun 2025Series A$5.3M
- Mar 2024Seed—
- Aug 2023Seed$241.8K
- Dec 2022Seed$598.4K
#8
Series A · Mumbai, Maharashtra · founded 2016 · 99 employees$3.5Mraised▾
Manufacturer of tamper-evident security seals, including electronic and plastic options. The company provides seals with features such as unique codes, digital IDs, and real-time monitoring. Product lines include strap, twist, anchor, bolt, and padlock seals designed for various applications. These seals offer solutions for supply chain security, product authentication, and prevention of unauthorized access.
- Jul 2023Series A$2.8M
- Mar 2022Seed$657K
- Nov 2018Angel$51.1K
#9
Seed · Mumbai, Maharashtra · founded 2015$834.7Kraised▾
Provider of personalized health monitoring and healthcare discovery application. It offers features include digitization of medical records, healthcare information, discovery platform for doctors, nurse, pathology and pharmacies. The platform enhances patient care by enabling seamless access to healthcare providers and comprehensive management of health data for informed decision-making.
- Feb 2024Seed$805K
- May 2018Seed$29.7K
- Nov 2016Seed—
#10
Seed · Mumbai, Maharashtra · founded 2019 · 40 employees$1.1Mraised▾
AI and IoT technology provide energy intelligence solutions for enterprises. It helps businesses reduce electricity use, especially for air conditioning, and verify savings through utility bills. It integrates with the existing infrastructure to automate operational decisions and analyze utility billing information. The system provides visibility into energy performance to facilitate adjustments to power consumption. It monitors and controls electrical assets to regulate usage patterns.
- Mar 2023Seed$855.1K
- Nov 2022Angel$103.8K
- May 2022Angel$16.4K
- Sep 2021Grant (prize money)—
#11
Seed · Mumbai, Maharashtra · founded 2014 · 11 employees$867Kraised▾
Developer of connected fitness tracking devices. The company offers smart scale weight tracking devices, wrist wear, chest straps, badminton tracking devices, and nutrition tracking devices.
- Jul 2023Seed$255.9K
- Jul 2016Seed$453.5K
- Jul 2015Seed$157.7K
#12
Public · Mumbai, Maharashtra · founded 1994 · 211 employees$12Mraised▾
Zicom provides electronics security surveillance based physical security solution for enterprise and residential structures. Solutions include cloud-based CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, video door phones, intruder alarm system, fingerprint locks and remote managed services. Claims to have over 1M customers in 5 countries with an annual turnover in tunes of 926 crores INR.
- Jul 2005Post IPO$12M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet of Things - Industry Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Iot in Mumbai is moving
A read on the academic research around Iot in Mumbai — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 48 papers.
University of Mumbai and IIT Bombay lead Mumbai's predominantly recent, optimistic IoT research, focusing on edge computing, energy-efficient sensors, and water quality monitoring systems.
- University of Mumbai25
- Indian Institute of Technology Bombay14
- Indian Institute of Chemical Technology2
- Institute of Chemical Technology2
- Korea Research Institute of Chemical Technology2
- Wireless sensor network1→3
- Internet of Things10
- Scalability4
- Cloud computing3
- Embedded system2
- CloudSim2
- Internet of Things2
- Water resources2
- Quality (philosophy)2
- Emerging technologies2
- Water quality2
Who's building iot IP in Mumbai
Intuit leads Mumbai's IoT patent activity with 19 patents, while filings remain flat with no clear sustained rise or decline across the decade.
- Intuit19Mumbai
- EMC14Mumbai
- monk akarshala8Mumbai
- Tata Passenger Electric Mobility7Mumbai
- UPL5Mumbai
- Megasoft5Mumbai
- Tech Mahindra5Mumbai
- 1 Finance5Mumbai
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.