Company lists
The Mumbai edition · 2026

IoT Applicationscompanies in Mumbai

Building & facility, energy management, industrial IoT, tracking & logistics, retail & marketing and more: the companies building iot applications in Mumbai, Maharashtra, with their founders, funding, team size and business models.

50 company profiles22 with reported revenue12 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent iot applications business events in India

Funding, M&A, contract wins and launches involving 678 iot applications companies in India, last 24 months: 14 funding rounds · 6 Contracts · 5 M&A deals · 1 Launch. 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
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
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
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
M&AAcquisition · Completed

Mapmyindia acquires Gtropy

C.E. Info Systems Limited (MapmyIndia) has completed the acquisition of an additional stake in Gtropy Systems Pvt. Ltd., strengthening its control over the telematics and IoT solutions…

Telematics and IoT solutions
M&AAcquisition · Completed

C.E. Info Systems Limited acquires Gtropy

C.E. Info Systems Limited, known as MapmyIndia, has completed the acquisition of additional shares in Gtropy Systems Private Limited to strengthen its control in the telematics and IoT…

Telematics and IoT solutions
ContractSupply

Aimtron · client: Vanix Technologies

Aimtron Electronics Ltd has secured a major order from Vanix Technologies worth Rs. 4.62 crore to manufacture 50,000 Industrial Internet of Things (IIoT) and Artificial Intelligence (AI)…

Electronics manufacturing
M&AAcquisition · Announced

C.E. Info Systems Limited acquires Gtropy Systems

The company’s board has decided to invest around Rs 25 crores to buy 43,759 equity shares of its subsidiary, Gtropy Systems, at Rs 5,713 per share.

FundingSeed

Kontext

Czech-founded Kontext, an AI-powered contextual advertising platform, has officially come out of stealth mode with a $10 (€8.61) million seed round, positioning itself as strong player…

Investors M13, Torch capital, Credo ventures, Parable VC
AI-powered contextual advertising, chatbot advertising
Funding

Eeki

Agritech firm Eeki has raised $7 million from Sixth Sense Ventures. The funds will be used for nationwide scale-up with aeroponic innovation to rapidly expand farm operations across…

Agritech
M&AAcquisition · Announced

Dehaat acquires Neerx

DeHaat confirmed its acquisition of NEERX, gaining access to ISRO-validated SHOOL sensor technology and cloud-based analytics.

FundingSeries A

Intellicar

Bengaluru-based mobility tech company Fabric and its subsidiary Intellicar have reportedly secured $13.5 million in Series A funding, with the investment round led by Nuveen’s Private…

Investors Nuveen
Mobility Tech
ContractService

Stellapps · client: Various private label dairy clients

Stellapps manufactures dairy products such as milk, curd, ghee, paneer, buttermilk, among others, for around 100 companies such as Zepto, Unilever, ITC, Varun Beverages, HUL, Namdharis…

Private label dairy product manufacturing
ContractTechnology

Vega innovations · client: Coca-Cola Beverages Sri Lanka

Developed by Vega Innovations, this cutting‑edge E‑Tuk was officially handed over by CEA Chairman Prof. Tilak Hewawasam to the Wadduwa Material Recovery Facility (MRF), established by CCBSL.

Waste Management
M&AAcquisition · Announced

Innoterra acquires Fasal

Homegrown agritech platform Fasal’s fresh food distribution business has been acquired by Swiss-Indian agritech platform Innoterra for an undisclosed amount.

Agritech
Funding

Probus

Enterprise AI startup Singulr AI led the segment with a USD 10 million seed round, followed by IoT and data analytics startup Probus.

FundingSeries A1

Probus smart things

DeepTech Startup Probus Smart Things focused on Smart grid applications has raised $5 million in Series A1 led by Unicorn India Ventures.

Investors notable US-based and Indian family offices
Smart grid applications
FundingSeries B

75f

AI Startup 75F Raises $45Mn Funding In Series B Round.

AI Startup
ContractSupply

Vanix Technologies · client: Aimtron Electronics

Aimtron Electronics announced that it has entered into a manufacturing agreement with Vanix Technologies for the development of industrial internet of things (IIoT) and AI appliances.

Funding

Vacus

Through this program, AIC-BIMTECH has supported eight startups, five of which have successfully secured ₹2 crores in funding from MeitY. The funded 5 startups are Cunomial, Credit…

Investors Ministry of Electronics and Information Technology (MeitY)
FundingSeries C

Stellapps Technologies

Stellapps, previously, raised around $20 Mn in its Series C funding round, where about 70% of the capital was raised from its existing investors, in January

Dairy Tech

IoT Applications companies in Mumbai, by revenue

Browse iot applications companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 22 companies below are the largest by their most recent reported revenue among 22 iot 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 22 of 22

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

Payments
₹1,473.62 crFY 2024-25
Not reported
403-25% 12 mo to Nov 2018LinkedIn · Oct 2026
33 yr1993
0none in 3 months

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

Scm software
₹83.54 crFY 2024-25
-2%2024–2025
91+15% 12 mo to Sep 2024LinkedIn · Oct 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of green building consulting, BIM services, and smart automation software. It offers consulting services to achieve green building certifications. The company provides building information modeling (BIM) expertise, including model development and coordination support. Additionally, it develops and manufactures hardware and software solutions for home, office, and hospital automation, including building management systems. Custom software development services are also offered, utilizing technologies such as IoT, spatial mapping, and AI/ML.

Property management tech
₹15.78 crFY 2024-25
Not reported
120+9% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
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

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

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

Provider of IoT based solutions in multi-industries

Energy efficiency tech
₹3.04 crFY 2023-24
+8%2023–2024
3-29% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Lighting control systems and hotel automation systems

Smart homes
₹2.08 crFY 2024-25
+41%2024–2025
8LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Platform offering analytics solution for retail businesses

In store retail tech
₹1.39 crFY 2021-22
-74%2021–2022
21-36% 12 mo to Dec 2022LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of IoT solutions for commercial workspaces

Internet of things infrastructure
₹56.08 lakhFY 2024-25
+36%2024–2025
11LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of a IoT based infotainment broadcasting system

In store retail tech
₹32.32 lakhFY 2021-22
Not reported
—Not available
8 yr2018
0none in 3 months

GPS and IoT based monitoring solution

Logistics tech
₹34.95 lakhFY 2024-25
+0%2024–2025
—Not available
13 yr2013
0none in 3 months

Provides solutions for tracking and monitoring temperature of assets

Manufacturing tech
₹22.93 lakhFY 2024-25
-55%2024–2025
107+14% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Developer of AI and cloud-based parking management platform

Road transport tech
₹11.00 lakhFY 2024-25
-3%2024–2025
6recorded
11 yr2015
1postings · last posted Sep 2026

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

Crop tech
₹9.65 lakhFY 2024-25
+25%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of performance and process analytic software

Manufacturing tech
₹5.37 lakhFY 2024-25
-81%2024–2025
5LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of AI and IoT-based disinfection solutions

Solid waste management tech
₹5.06 lakhFY 2024-25
-21%2024–2025
1LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of IoT and cloud-enabled building energy management solutions

Energy efficiency tech
₹0.01 lakhFY 2024-25
-100%2024–2025
11LinkedIn · Jul 2026
11 yr2015
0none in 3 months
22 of 50 companies shown here · the full list is on Radar
Fliar Radar

Explore all 50 iot applications companies in Mumbai on Radar

This page shows the top 22. Radar has the complete, filterable list with contacts and live company signals.

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

Looking for IoT applications development companies in Mumbai? Browse IoT application companies in Mumbai by building and energy management, industrial IoT, tracking and security, retail and smart city uses, plus IoT startups in Mumbai.

8 ways to explore iot applications in Mumbai

Smart building & facility management IoT companiesEnergy management & efficiency IoT companiesIndustrial & manufacturing IoT companiesIoT tracking, fleet & logistics companiesRetail & proximity marketing IoT companiesSmart city, healthcare & agriculture IoT companies

Smart building & facility management IoT companies

IoT systems for building automation, facility and property management.

  1. Surmount Energy

    Provider of green building consulting, BIM services, and smart automation software. It offers consulting services to achieve green building certifications. The company provides building information modeling (BIM) expertise, including model development and coordination support. Additionally, it develops and manufactures hardware and software solutions for home, office, and hospital automation, including building management systems. Custom software development services are also offered, utilizing technologies such as IoT, spatial mapping, and AI/ML.

    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. BuildINT

    Energy management solution provider for commercial buildings

    Energy efficiency tech
    See in list
  4. Autosys

    Provider of industry manufacturing execution system

    Manufacturing tech
    See in list
  5. Alphacore Technologies

    Provider of IoT based predictive maintainance solutions

    Manufacturing tech
    See in list

Energy management & efficiency IoT companies

IoT solutions for energy monitoring, smart grids and water and utilities.

  1. Surmount Energy

    Provider of green building consulting, BIM services, and smart automation software. It offers consulting services to achieve green building certifications. The company provides building information modeling (BIM) expertise, including model development and coordination support. Additionally, it develops and manufactures hardware and software solutions for home, office, and hospital automation, including building management systems. Custom software development services are also offered, utilizing technologies such as IoT, spatial mapping, and AI/ML.

    Property management tech
    See in list
  2. BuildINT

    Energy management solution provider for commercial buildings

    Energy efficiency tech
    See in list
  3. DropByDrop

    Provider if an IoT based smart water management platform

    Water and wastewater management tech
    See in list
  4. Innoquad Technologies

    Provider of IoT based solutions in multi-industries

    Energy efficiency tech
    See in list
  5. Fox Domotics

    Lighting control systems and hotel automation systems

    Smart homes
    See in list

Industrial & manufacturing IoT companies

IoT for factories: process control, predictive maintenance and equipment monitoring.

  1. Autosys

    Provider of industry manufacturing execution system

    Manufacturing tech
    See in list
  2. Cool Guard

    Provider of cloud-based thermal sensors for cold chain logistics

    Sensors
    See in list
  3. Alphacore Technologies

    Provider of IoT based predictive maintainance solutions

    Manufacturing tech
    See in list
  4. Abacus Software Services

    Provider of IoT solutions for commercial workspaces

    Internet of things infrastructure
    See in list
  5. RadioLocus

    Consumer analytics for retail stores

    In store retail tech
    Website

IoT tracking, fleet & logistics companies

GPS and IoT tracking for vehicles, cold chain, assets and people.

  1. Sepio Products

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

    Scm software
    See in list
  2. Trackster

    GPS and IoT based monitoring solution

    Logistics tech
    See in list
  3. SocialTheta

    Provider of AI and IoT-based disinfection solutions

    Solid waste management tech
    See in list
  4. Fleet Star

    Employee transportation management solutions

    Road transport tech
    Website
  5. Sxtreo

    Provider of satellite based positioning and navigation solution

    Iot services
    Website

Retail & proximity marketing IoT companies

IoT, beacons and RFID for retail analytics, inventory and marketing.

  1. RedSky Technologies

    Platform offering analytics solution for retail businesses

    In store retail tech
    See in list
  2. RadioLocus

    Consumer analytics for retail stores

    In store retail tech
    Website
  3. AtmoPlay

    Provider of a IoT based infotainment broadcasting system

    In store retail tech
    See in list
  4. Invizio Solutions

    Provides RFID based inventory management solutions for jewelry business

    B2b e-commerce
    Website
  5. Cherise Tapri

    Online platform offering tea and coffee-making machine

    Online grocery
    Website

Smart city, healthcare & agriculture IoT companies

IoT applications in smart cities, healthcare, farming and government services.

  1. YoloHealth

    Provider of primary healthcare via automated kiosks

    Healthcare it
    See in list
  2. GetParking

    Developer of AI and cloud-based parking management platform

    Road transport tech
    See in list
  3. SenseQube

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

    Crop tech
    See in list
  4. urbansciences.in

    Provider of real-time air quality monitoring solution

    Property management tech
    Website
  5. Innoquad Technologies

    Provider of IoT based solutions in multi-industries

    Energy efficiency tech
    See in list

IoT applications startups in Mumbai

Newer IoT companies founded in the last few years.

  1. SenseQube

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

    Crop tech
    See in list
  2. BOLA

    Provides IoT based solutions for remote monitoring of transformers

    Smart grid
    Website
  3. ifyndyou

    Location tracking devices

    Pet tech
    Website
  4. VAMS Mechatronica

    Developer of industrial digital solutions and provider of automation platforms

    Internet of things infrastructure
    Website
4 companies in Mumbai

IoT applications companies hiring in Mumbai

IoT companies in Mumbai with open roles.

  1. Sepio Products

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

    Scm software
    See in list
  2. Alphacore Technologies

    Provider of IoT based predictive maintainance solutions

    Manufacturing tech
    See in list
  3. GetParking

    Developer of AI and cloud-based parking management platform

    Road transport tech
    See in list
  4. Embedos Engineering

    Developer of hardware and software solutions for industrial applications

    Manufacturing tech
    Website
4 companies in Mumbai
Mobile reach

Top 10 iot applications apps from Mumbai

The most-installed Android apps published by iot applications companies headquartered in Mumbai — 78K installs between them. 11 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
6

IGOTIT

by Atsuya

Installs2K
Rating—
Last updatedMay 2026
View on Google Play ↗
IGOTIT screenshot 1IGOTIT screenshot 2IGOTIT screenshot 3IGOTIT screenshot 4IGOTIT screenshot 5
9

Quad OPMS

by Autosys

Installs678
Rating—
Last updatedFeb 2026
View on Google Play ↗
Quad OPMS screenshot 1Quad OPMS screenshot 2Quad OPMS screenshot 3Quad OPMS screenshot 4Quad OPMS screenshot 5Quad OPMS screenshot 6
10

GetParking Parking MGMT System

by GetParking

Installs595
Rating—
Last updatedJan 2024
View on Google Play ↗
GetParking Parking MGMT System screenshot 1GetParking Parking MGMT System screenshot 2GetParking Parking MGMT System screenshot 3GetParking Parking MGMT System screenshot 4
The business behind the activity

IoT Applications financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 18 iot applications companies in Mumbai, Maharashtra for FY24-25 — 23 of the 50 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 98% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,620.47 cr

18 companies filing accounts

combined net profit₹217.59 cr

13.4% aggregate margin

are profitable72%

13 of 18 companies

median revenue~₹4.6 cr

the typical company

median revenue growth+8%

into FY24-25

earned by the top five98%

revenue concentration

Six-year view

Combined revenue of filing companies

₹408.20 crFY19-2016 filers
₹433.35 crFY20-2118 filers
₹697.34 crFY21-2219 filers
₹1,287.98 crFY22-2319 filers
₹1,707.96 crFY23-2420 filers
₹1,620.47 crFY24-2518 filers

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

Like-for-like

The same 16 companies over three years

+26%
FY22-23₹1,284.55 cr₹109.25 cr net
FY23-24₹1,704.75 cr₹173.18 cr net
FY24-25₹1,620.32 cr₹217.62 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 cr650% profitable
₹1–10 cr875% profitable
₹10–100 cr3100% profitable
₹100–1,000 cr0—
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

Shrinking7
0–20%3
20–50%4
50–100%1
Doubled+3

18 companies with accounts for both years; median growth +8%.

Profitability

Profit is concentrated at the top

13profitable
5loss-making
13.4%aggregate margin
2.8%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
Surmount EnergySURMOUNT ENERGY SOLUTIONS PRIVATE LIMITED+13%₹15.78 cr
Sepio ProductsSEPIO PRODUCTS PRIVATE LIMITED-5%₹80.31 cr
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED-6%₹1,472.35 cr
YoloHealthHEALTHATM INDIA PRIVATE LIMITED-16%₹10.68 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED15.1%₹1,472.35 cr
YoloHealthHEALTHATM INDIA PRIVATE LIMITED11.9%₹10.68 cr
Surmount EnergySURMOUNT ENERGY SOLUTIONS PRIVATE LIMITED6.4%₹15.78 cr
Sepio ProductsSEPIO PRODUCTS PRIVATE LIMITED1.0%₹80.31 cr
Leaders

Largest iot applications companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED₹1,472.35 cr₹222.21 cr15.1%-6%
Sepio ProductsSEPIO PRODUCTS PRIVATE LIMITED₹80.31 cr₹83.60 lakh1.0%-5%
Surmount EnergySURMOUNT ENERGY SOLUTIONS PRIVATE LIMITED₹15.78 cr₹1.02 cr6.4%+13%
YoloHealthHEALTHATM INDIA PRIVATE LIMITED₹10.68 cr₹1.27 cr11.9%-16%
Enlite ResearchENLITE RESEARCH PRIVATE LIMITED₹9.51 cr−₹7.71 cr-81.1%>10×
BuildINTLIGHTFORCE BUILDINT PRIVATE LIMITED₹5.65 cr₹24.16 lakh4.3%+97%
AutosysAUTOSYS INDUSTRIAL SOLUTIONS PRIVATE LIMITED₹5.33 cr−₹1.13 cr-21.1%+40%
AtsuyaATSUYA TECHNOLOGIES PRIVATE LIMITED₹5.25 cr₹71.96 lakh13.7%+150%
Cool GuardLATERAL EMSOFT PRIVATE LIMITED₹4.73 cr₹0.69 lakh0.1%-33%
Alphacore TechnologiesALPHACORE TECHNOLOGIES PRIVATE LIMITED₹4.46 cr₹28.99 lakh6.5%+4%
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 iot 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 iot 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

IoT Applications funding and M&A across India

372 recorded equity rounds have gone to 678 iot 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 months9

US$18.32m

equity rounds, last 24 months28

US$148.24m

raised over five yearsUS$369.54m

151 rounds in India

M&A deals, India5

last 24 months

Capital by year

Equity funding into iot applications in India

amount rounds
$29m201834
$39m201943
$16m202050
$65m202147
$71m202234
$39m202328
$48m202416
$142m202520
$5.3m20266

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$141.97m across 20 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.92m24 rounds · median US$68k
SeedUS$50.09m85 rounds · median US$410k
Series AUS$113.84m29 rounds · median US$3.38m
Series BUS$146.49m8 rounds · median US$15.71m
Series CUS$55.19m5 rounds · median US$12.92m
Where the money went · five years

Most-funded sub-sectors

Iot applicationsUS$106.20m32 rounds · 16 companies
Road transport techUS$79.14m9 rounds · 2 companies
Energy efficiency techUS$55.74m10 rounds · 5 companies
Wearable technologyUS$47.35m4 rounds · 1 companies
Crop techUS$27.94m19 rounds · 6 companies
Manufacturing techUS$10.53m19 rounds · 12 companies
Online groceryUS$9.39m7 rounds · 2 companies
Corporate activity · last 24 months

M&A in India

5Acquisition

Most active acquirers

  1. C.E. Info Systems Limited2
  2. Mapmyindia1
  3. Dehaat1
  4. Innoterra1

Most acquired or merged

  1. Gtropy2
  2. Gtropy Systems1
  3. Neerx1
  4. Fasal1

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

IoT Applications funding in Mumbai

12 iot applications companies in Mumbai have recorded equity funding, US$24.01m in total. Totals and round dates describe the historical record; they are not current valuations.

Explore Mumbai iot applications companies by sub-sector

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

Keep exploring iot applications in India and nearby markets.

Coming soon