Company lists
The Mumbai edition · 2026

Internet of things - industry applicationscompanies in Mumbai

Smart home, IoT solutions, energy & buildings, wearables, smart city & security and more: the companies building internet of things - industry applications in Mumbai, Maharashtra, with their founders, funding, team size and business models.

146 company profiles56 with reported revenue27 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent internet of things - industry applications business events in India

Funding, M&A, contract wins and launches involving 2,456 internet of things - industry applications companies in India, last 24 months: 49 funding rounds · 22 Contracts · 13 M&A deals · 6 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingPre-Series A

Impensus Electronics

Deep tech startup Impensus Electronics has raised ₹16 million in a Pre-Series A funding round to support the expansion of its agricultural technology solutions aimed at reducing…

Investors angel investors associated with the Chennai chapter of Keiretsu Forum, IN44 Capital
Agricultural Technology
FundingSeries A

Aurm

Aurm has raised ₹42 crore in a Series A funding round co-led by Earth Fund and Sattva Ventures, along with participation from several angel investors.

Investors Earth Fund, Sattva Ventures, Prime venture partners, Magnifiq Capital Trust
PropTech, security infrastructure, digital convenience
Funding

Ultrahuman

On the other hand, Ultrahuman continues to lead the health wearable space with a $48 million round, helping people track their metabolism in real-time.

FundingMinority investment

Algo8

Chemelex has announced a minority investment in Algo8 to accelerate the adoption of artificial intelligence in manufacturing processes.

Investors Chemelex
Artificial intelligence, data analytics, and digital transformation solutions for enterprises
FundingSeed

Intellithink

Intellithink Advanced Hardware & Technology Internet Of Things (IoT) & Hardware B2B $1.8 Mn Seed Pentathlon Ventures, Anicut Capital, Veltis Capital Pentathlon Ventures

Advanced Hardware & Technology
FundingPre-Series A

Aliste technologies

Aliste Technologies Clean Tech - B2C $3.2 Mn Pre-Series A Big Global JSC, YourNest Venture Capital, Hbeon Labs Big Global JSC

Investors Big Global JSC, YourNest Venture Capital, Hbeon Labs
Clean Tech
M&AAcquisition · Completed

Thermax acquires Exactspace

Thermax confirmed completion of its acquisition of a 35.83 percent stake in Exactspace Technologies Private Limited, taking its overall shareholding to 51 percent on a fully diluted basis.

Funding

Proxgy

"Proxgy raised $210,000,"

Investors Na
ContractService

Ceinsys tech · client: Indian Space Research Organisation

Ceinsys Tech has announced the receipt of a significant service order from the Indian Space Research Organisation (ISRO) valued at Rs 3,24,50,000, inclusive of GST.

Technology
Funding

Living things

Spadel has invested in UK beverage company Living Things through its venture capital arm, The Source Ventures, as part of a new funding round aimed at accelerating growth.

Investors Spadel
Funding

Drink Prime

Drink Prime, a water purifier subscription service, has raised $2.2 million from Artha Continuum Fund and Mirabilis Investment Trust, according to a company statement.

Investors Artha Continuum Fund, Mirabilis Investment Trust
Watertech
M&AAcquisition · Announced

Thermax acquires Exactspace

Thermax Limited has entered into definitive agreements to raise its stake in Exactspace Technologies Private Limited to 51% on a fully diluted basis, converting the artificial…

M&AAcquisition · Announced

Asm technologies acquires Myelin foundry

ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry

Funding

Myelin foundry

AI startup Myelin Foundry is raising ₹48 Cr (around $5.3 Mn) from listed digital services provider ASM Technologies.

AI solutions for edge devices
FundingBlended equity and debt

Statiq

Statiq has raised approximately $18 million in a blended equity and debt round, signalling renewed investor interest in India’s electric vehicle infrastructure sector after a prolonged…

Investors Tenacity Ventures, Y combinator, Shell Ventures, RCD Holdings
Electric vehicle infrastructure
FundingSeed

Six Sense Mobility

Six Sense Mobility Consumer > Road Transport Tech Delhi $4.8M Seed Piper Serica

Investors Piper Serica
Road Transport Tech
M&AAcquisition · Announced

Genus Power Infrastructures acquires Newlectric Innovation Pvt Ltd

Genus Power said that on January 20, 2026, it entered into an agreement to acquire around 34.35 lakh equity shares of Newlectric Innovation, representing 86.49 per cent of its equity…

Smart Electricity Meters Manufacturing
FundingSeed

Noise

On January 14, Noise officially announced the completion of a $7.1 million seed round of financing. This round was led by renowned venture capital firm Paradigm, with participation from…

ContractSupply

Aimtron · client: Aurassure

Aimtron Electronics Limited has entered into an original equipment manufacturing engagement with climate technology firm Aurassure to produce IoT enabled weather and environmental…

Technology
FundingSeries B

Smart joules

Smart Joules raised $10 Mn in Series B funding led by Neev II Fund

Investors Neev II Fund
Climate tech energy efficiency
Funding

Atomberg

Consumer appliances maker Atomberg has secured fresh funding

Investors Na
Consumer appliances maker
ContractService

Ceinsys tech · client: Maharashtra Remote Sensing Application Centre

Ceinsys Tech Ltd received a domestic work order from the Maharashtra Remote Sensing Application Centre (MRSAC) for detailed soil survey and mapping under the National Soil Mapping…

FundingStrategic investment

Nimble vision

The investment has been made in Nimble Vision, a Bengaluru-based DeepTech startup developing advanced indigenous technologies for water conservation, automation, and real-time analytics.

Investors Va tech wabag
DeepTech Water Technology
LaunchEnvizom

Oizom

Envizom, Oizom’s Advanced Environmental Intelligence Platform, has undergone a powerful transformation. Initially designed only for Oizom products, Envizom has since evolved into a…

Environmental Intelligence Platform
ContractTechnology

Trident Techlabs · client: Stesalit systems

Trident Techlabs Limited has received a Letter of Award from Stesalit Systems Limited.

Government
LaunchFasalJet system

Fasal

Their recent product, the FasalJet system, automates these actions to ensure consistent farm management despite labor constraints.

Automation platform
FundingSeries B

Intangles

Pune-based deep tech company Intangles has secured a fresh USD 30 million in its Series B funding round, led by Avataar Venture Partners with follow-on support from Baring India Private…

Investors Avataar Venture Partners, Baring India Private Equity, Cactus Partners
Automotive AI / Predictive Vehicle Intelligence

Internet of things - industry applications companies in Mumbai, by revenue

Browse internet of things - industry applications 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 of things - industry applications 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

Consumer durables company

Household durables
₹2,094.74 crFY 2022-23
Not reported
9,944-32% 12 mo to Jun 2023LinkedIn · Jul 2026
44 yr1982
1postings · last posted Aug 2026

Provider of payment solutions, communication services, and IoT-enabled RFID technologies

Payments
₹1,473.62 crFY 2024-25
Not reported
397-25% 12 mo to Nov 2018LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

Smart homes
₹1,000.86 crFY 2024-25
+21%2024–2025
1,422+14% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of data center, cloud, AI, and cybersecurity infrastructure services

Data center infrastructure
₹900.84 crFY 2024-25
+94%2024–2025
1,152+83% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Sep 2026

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

Manufacturer of tamper-evident security seals, including electronic and plastic options

Scm software
₹83.54 crFY 2024-25
-2%2024–2025
82+15% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Manufacturer of solar powered LED lighting and home automation systems

Property management tech
₹21.07 crFY 2024-25
+5%2024–2025
23LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Digital twin solution for revenue assurance

Digital twin
₹15.73 crFY 2024-25
+58%2024–2025
65+0% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of mixed reality headset

Augmented reality
₹12.89 crFY 2024-25
-19%2024–2025
147+5% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
5postings · last posted Aug 2026

Platform offering IoT solutions for smart cities and other industries

Smart cities
₹11.04 crFY 2024-25
+20%2024–2025
79+28% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of primary healthcare via automated kiosks

Healthcare it
₹10.68 crFY 2024-25
-16%2024–2025
77LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Developer of wireless building automation systems for energy management control

Iot applications
₹9.51 crFY 2024-25
+917%2024–2025
116+46% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of home automation and security solutions

Smart homes
₹9.44 crFY 2024-25
+37%2024–2025
—Not available
19 yr2007
0none in 3 months

Developer of smart home automation systems and lighting controls

Smart homes
₹8.53 crFY 2024-25
+31%2024–2025
56-2% vs previous recordLinkedIn · Jul 2026
37 yr1989
1postings · last posted Sep 2026

Provider of IoT and cloud-enabled energy management software solutions

Smart cities
₹7.37 crFY 2024-25
+10%2024–2025
52+28% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Sep 2026

Internet first brand for audio devices

Wearable technology
₹6.15 crFY 2024-25
+21%2024–2025
1LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Energy management solution provider for commercial buildings

Energy efficiency tech
₹5.65 crFY 2024-25
+97%2024–2025
41LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of industry manufacturing execution system

Manufacturing tech
₹5.33 crFY 2024-25
+40%2024–2025
45+16% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of cloud-based thermal sensors for cold chain logistics

Sensors
₹4.73 crFY 2024-25
-33%2024–2025
14-22% 12 mo to Nov 2023recorded Nov 2023
10 yr2016
0none in 3 months

Provider of IoT based predictive maintainance solutions

Manufacturing tech
₹4.46 crFY 2024-25
+4%2024–2025
17LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Developer of connected fitness tracking devices

Wearable technology
₹3.76 crFY 2022-23
-10%2022–2023
11recorded
12 yr2014
0none in 3 months

Internet first brand offering smartwatches

Wearable technology
₹3.38 crFY 2021-22
Not reported
13LinkedIn · Jul 2026
9 yr2017
0none in 3 months

It develops AI-powered software solutions for businesses

Connected vehicles
₹3.45 crFY 2024-25
+67%2024–2025
4+4% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Developer of smartwatches, smart bands, and earphone for consumers

Fitness & wellness tech
₹3.15 crFY 2024-25
+42%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider if an IoT based smart water management platform

Water and wastewater management tech
₹3.11 crFY 2024-25
+5856%2024–2025
—Not available
10 yr2016
0none in 3 months
50 of 146 companies shown here · the full list is on Radar
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Explore internet of things - industry applications companies in Mumbai by what you are looking for

Find top internet of things industry applications companies in Mumbai, from smart home and building automation to industrial IoT. You can also browse IoT startups in Mumbai, listed IoT companies and firms that are hiring.

9 ways to explore internet of things - industry applications in Mumbai

Smart home & home automation companiesIndustrial IoT solutions & platformsBuilding automation & energy management companiesWearable devices & fitness trackersSmart city, surveillance & security technologyFleet tracking, telematics & logistics IoT

Smart home & home automation companies

Home automation controllers, smart switches, appliances and home security.

  1. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  2. Atomberg

    Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

    Smart homes
    See in list
  3. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
  4. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list
  5. PIXELTECH

    Provider of home automation and security solutions

    Smart homes
    See in list

Industrial IoT solutions & platforms

IoT application developers, manufacturing tech, digital twin and edge computing providers.

  1. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  2. Claptek

    Digital twin solution for revenue assurance

    Digital twin
    See in list
  3. Autosys

    Provider of industry manufacturing execution system

    Manufacturing tech
    See in list
  4. Cool Guard

    Provider of cloud-based thermal sensors for cold chain logistics

    Sensors
    See in list
  5. Alphacore Technologies

    Provider of IoT based predictive maintainance solutions

    Manufacturing tech
    See in list

Building automation & energy management companies

Energy monitoring, building management and facility automation solutions.

  1. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list
  2. Enlite Research

    Developer of wireless building automation systems for energy management control

    Iot applications
    See in list
  3. UtopiaTech

    Provider of IoT and cloud-enabled energy management software solutions

    Smart cities
    See in list
  4. BuildINT

    Energy management solution provider for commercial buildings

    Energy efficiency tech
    See in list
  5. Innoquad Technologies

    Provider of IoT based solutions in multi-industries

    Energy efficiency tech
    See in list

Wearable devices & fitness trackers

Smartwatches, fitness trackers, hearing devices and mixed reality headsets.

  1. Fire Boltt

    Online brand offering wireless earphones and smartwatches for men and women

    Fitness & wellness tech
    See in list
  2. Tarbull

    Internet first brand for audio devices

    Wearable technology
    See in list
  3. Actofit

    Developer of connected fitness tracking devices

    Wearable technology
    See in list
  4. MVYNO

    Developer of smartwatches, smart bands, and earphone for consumers

    Fitness & wellness tech
    See in list
  5. WatchOut

    Developer of smartwatches and fitness tracker bands

    Fitness & wellness tech
    See in list

Smart city, surveillance & security technology

Video surveillance, smart city platforms and parking management.

  1. Sepio Products

    Manufacturer of tamper-evident security seals, including electronic and plastic options

    Scm software
    See in list
  2. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
  3. Hawk Eye

    Provider of IoT-enabled parking management solutions

    Road transport tech
    See in list
  4. Yotaka

    Provider of AI-driven smart city and security solutions

    Big data analytics
    See in list
  5. GetParking

    Developer of AI and cloud-based parking management platform

    Road transport tech
    See in list

Fleet tracking, telematics & logistics IoT

GPS tracking, vehicle telematics and fleet management solutions.

  1. Sepio Products

    Manufacturer of tamper-evident security seals, including electronic and plastic options

    Scm software
    See in list
  2. Locate365

    It develops AI-powered software solutions for businesses

    Connected vehicles
    See in list
  3. Trackster

    GPS and IoT based monitoring solution

    Logistics tech
    See in list
  4. Rychle Transwheels

    GPS vehicle tracking solutions provider

    Security & surveillance technology
    See in list
  5. SocialTheta

    Provider of AI and IoT-based disinfection solutions

    Solid waste management tech
    Website

IoT industry applications startups in Mumbai

Newer IoT companies founded in recent years.

  1. SenseQube

    Developer of an IoT and AI-based smart irrigation and nutrition assistant

    Crop tech
    See in list
  2. Zwilling

    Developer of industrial intelligence platforms combining sensing, data, and automation

    Digital twin
    Website
  3. Avatron

    Retailer of home automation systems lighting security and audio equipment

    Smart homes
    Website
  4. Pathpulse

    Provider of information technology consulting services

    Artificial intelligence
    Website
  5. BOLA

    Provides IoT based solutions for remote monitoring of transformers

    Smart grid
    Website
14 companies in Mumbai

Listed IoT industry applications companies in Mumbai

Publicly listed companies in this sector.

  1. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  2. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  3. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
3 companies in Mumbai

IoT industry applications companies hiring in Mumbai

Companies in this sector with open roles right now.

  1. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  2. Yotta

    Provider of data center, cloud, AI, and cybersecurity infrastructure services

    Data center infrastructure
    See in list
  3. Fire Boltt

    Online brand offering wireless earphones and smartwatches for men and women

    Fitness & wellness tech
    See in list
  4. Sepio Products

    Manufacturer of tamper-evident security seals, including electronic and plastic options

    Scm software
    See in list
  5. AjnaLens

    Manufacturer of mixed reality headset

    Augmented reality
    See in list
14 companies in Mumbai
Mobile reach

Top 10 internet of things - industry applications apps from Mumbai

The most-installed Android apps published by internet of things - industry applications companies headquartered in Mumbai — 7.8M installs between them. 31 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Eureka Forbes | Aquaguard

by Eureka Forbes

Installs3.8M
Rating4.37215K ratings
Installs, year on year+50%
Last updatedJun 2026
View on Google Play ↗
Eureka Forbes | Aquaguard screenshot 1Eureka Forbes | Aquaguard screenshot 2Eureka Forbes | Aquaguard screenshot 3Eureka Forbes | Aquaguard screenshot 4Eureka Forbes | Aquaguard screenshot 5Eureka Forbes | Aquaguard screenshot 6
3

Atomberg Home

by Atomberg

Installs859K
Rating3.8110K ratings
Installs, year on year+101%
Last updatedFeb 2026
View on Google Play ↗
Atomberg Home screenshot 1Atomberg Home screenshot 2Atomberg Home screenshot 3Atomberg Home screenshot 4Atomberg Home screenshot 5Atomberg Home screenshot 6
4

Baby Development & Milestones

by BabyG

Installs475K
Rating4.363K ratings
Installs, year on year+18%
Last updatedOct 2025
View on Google Play ↗
Baby Development & Milestones screenshot 1Baby Development & Milestones screenshot 2Baby Development & Milestones screenshot 3Baby Development & Milestones screenshot 4Baby Development & Milestones screenshot 5Baby Development & Milestones screenshot 6
5

Ajjas: Smart GPS Tracking App

by Ajjas

Installs195K
Rating—
Installs, year on year+52%
Last updatedMay 2026
View on Google Play ↗
Ajjas: Smart GPS Tracking App screenshot 1Ajjas: Smart GPS Tracking App screenshot 2Ajjas: Smart GPS Tracking App screenshot 3Ajjas: Smart GPS Tracking App screenshot 4Ajjas: Smart GPS Tracking App screenshot 5Ajjas: Smart GPS Tracking App screenshot 6
6

ActoFit Devices

by Actofit

Installs177K
Rating2.743K ratings
Last updatedSep 2025
View on Google Play ↗
ActoFit Devices screenshot 1ActoFit Devices screenshot 2ActoFit Devices screenshot 3ActoFit Devices screenshot 4ActoFit Devices screenshot 5ActoFit Devices screenshot 6
The business behind the activity

Internet of things - industry applications financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 51 internet of things - industry applications companies in Mumbai, Maharashtra for FY24-25 — 65 of the 146 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 94% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,797.04 cr

51 companies filing accounts

combined net profit₹154.92 cr

4.1% aggregate margin

are profitable61%

31 of 51 companies

median revenue~₹3.1 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five94%

revenue concentration

Six-year view

Combined revenue of filing companies

₹660.93 crFY19-2041 filers
₹739.27 crFY20-2147 filers
₹1,356.98 crFY21-2251 filers
₹2,350.76 crFY22-2353 filers
₹3,147.93 crFY23-2454 filers
₹3,797.04 crFY24-2551 filers

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

Like-for-like

The same 46 companies over three years

+23%
FY22-23₹2,342.98 cr₹15.26 cr net
FY23-24₹2,673.75 cr−₹20.37 cr net
FY24-25₹2,886.56 cr₹144.16 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 cr1735% profitable
₹1–10 cr2268% profitable
₹10–100 cr888% profitable
₹100–1,000 cr367% 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

Shrinking17
0–20%9
20–50%10
50–100%7
Doubled+7

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

Profitability

Profit is concentrated at the top

31profitable
20loss-making
4.1%aggregate margin
1.1%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
YottaYOTTA DATA SERVICES PRIVATE LIMITED+94%₹900.84 cr
ClaptekCLAPTEK PRIVATE LIMITED+58%₹15.73 cr
AtombergATOMBERG TECHNOLOGIES PRIVATE LIMITED+21%₹995.92 cr
GaiaGAIA SMART CITIES SOLUTIONS PRIVATE LIMITED+20%₹11.04 cr
Surmount EnergySURMOUNT ENERGY SOLUTIONS PRIVATE LIMITED+13%₹15.78 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Fire BolttBOLTT GAMES PRIVATE LIMITED17.1%₹136.50 cr
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED15.1%₹1,472.35 cr
YoloHealthHEALTHATM INDIA PRIVATE LIMITED11.9%₹10.68 cr
UniserUNISER INDUSTRIES PRIVATE LIMITED7.8%₹21.07 cr
Surmount EnergySURMOUNT ENERGY SOLUTIONS PRIVATE LIMITED6.4%₹15.78 cr
Vefes EngineeringVEFES ENGINEERING PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Smart homes12₹1,051.63 cr~₹3.3 cr58%-8.3%
Manufacturing tech5₹15.88 cr~₹4.5 cr80%21.5%
Leaders

Largest internet of things - industry applications companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED₹1,472.35 cr₹222.21 cr15.1%-6%
AtombergATOMBERG TECHNOLOGIES PRIVATE LIMITED₹995.92 cr−₹89.45 cr-9.0%+21%
YottaYOTTA DATA SERVICES PRIVATE LIMITED₹900.84 cr₹11.05 cr1.2%+94%
Fire BolttBOLTT GAMES PRIVATE LIMITED₹136.50 cr₹23.40 cr17.1%+440%
Sepio ProductsSEPIO PRODUCTS PRIVATE LIMITED₹80.31 cr₹83.60 lakh1.0%-5%
UniserUNISER INDUSTRIES PRIVATE LIMITED₹21.07 cr₹1.64 cr7.8%+5%
Vefes EngineeringVEFES ENGINEERING PRIVATE LIMITED
Surmount EnergySURMOUNT ENERGY SOLUTIONS PRIVATE LIMITED₹15.78 cr₹1.02 cr6.4%+13%
ClaptekCLAPTEK PRIVATE LIMITED₹15.73 cr₹62.53 lakh4.0%+58%
AjnaLensDIMENSION NXG PRIVATE LIMITED₹12.89 cr−₹4.88 cr-37.8%-19%
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

Internet of Things - Industry Applications Landscape of India

The financials above are one chapter. The full internet of things - industry applications 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 of things - industry applications 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 of things - industry applications funding and M&A across India

1,053 recorded equity rounds have gone to 2,456 internet of things - industry applications 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 months27

US$170.19m

equity rounds, last 24 months89

US$388.33m

raised over five yearsUS$1.14bn

455 rounds in India

M&A deals, India13

last 24 months

Capital by year

Equity funding into internet of things - industry applications in India

amount rounds
$69m201885
$92m2019111
$148m2020110
$179m2021112
$227m2022101
$202m202391
$152m202472
$233m202561
$151m202618

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$232.59m across 61 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$25.53m83 rounds · median US$92k
SeedUS$260.59m276 rounds · median US$397k
Series AUS$277.64m58 rounds · median US$3.38m
Series BUS$253.47m20 rounds · median US$10.06m
Series CUS$326.14m18 rounds · median US$11.66m
Where the money went · five years

Most-funded sub-sectors

Wearable technologyUS$234.24m50 rounds · 21 companies
Smart homesUS$188.21m34 rounds · 14 companies
Road transport techUS$123.40m19 rounds · 7 companies
Iot applicationsUS$106.20m32 rounds · 16 companies
Consumer electronics e-commerceUS$99.97m20 rounds · 4 companies
Energy efficiency techUS$57.24m11 rounds · 6 companies
Smart citiesUS$48.15m13 rounds · 8 companies
Corporate activity · last 24 months

M&A in India

12Acquisition
1Announced

Most active acquirers

  1. Thermax2
  2. C.E. Info Systems Limited2
  3. Asm technologies1
  4. Genus Power Infrastructures1
  5. Mapmyindia1

Most acquired or merged

  1. Exactspace2
  2. Gtropy2
  3. Pureit2
  4. Myelin foundry1
  5. Newlectric Innovation Pvt Ltd1

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

Internet of things - industry applications funding in Mumbai

27 internet of things - industry applications companies in Mumbai have recorded equity funding, US$164.47m 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 of things - industry applications companies in Mumbai. 105 of 146 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 of things - industry applications companies by sub-sector

The most common specialisations among internet of things - industry applications companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring internet of things - industry applications in India and nearby markets.

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