Best IoT Applications Companies in Mumbai, India
The 43 best IoT Applications companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sepio Products.
Ranked: Best IoT Applications companies in Mumbai
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Fleet Star Employee transportation management solutions | $408M FY2025 | — | +15% | 5,881 | Anjan Malik Co-Founder | DreamWeaverAnimate.cssBootstrap+6 | — |
| 2 | Seshaasai Provider of payment solutions, communication services, and IoT-enabled RFID technologies | $174M FY2025 | $718K | — | 3 | Pragnyat Lalwani Co-Founder & Managing Director & Director | SentryYouTubePlyr+19 | — |
| 3 | BOLA Provides IoT based solutions for remote monitoring of transformers | $172M FY2025 | — | — | 243 | Saif Qureishi Founder & CEO | — | — |
| 4 | 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 | +55% | 137 | Parimal Shah Founder & CEO | Google MapsAnimate.cssBootstrap+19 | — |
| 5 | 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 | -2% | 99 99 → 82 (-17%) | Prasad Kamat Co-Founder | WordPressMySQLPHP+24 | — |
| 6 | Surmount Energy Provider of green building consulting, BIM services, and smart automation software. | $2M FY2025 | — | — | 111 111 → 120 (+8%) | Balbir Khera Owner & CEO | PythonPHPOpenSSL+10 | — |
| 7 | YoloHealth Provider of primary healthcare via automated kiosks | $1M FY2025 | $683K | -16% | 46 46 → 77 (+67%) | — | WordPressMySQLPHP+24 | — |
| 8 | Enlite Research Developer of wireless building automation systems for energy management control | $1M FY2025 | $115K | +917% | 57 57 → 116 (+104%) | Garima Bharadwaj Co-Founder & CTO | WordPressMySQLPHP+25 | 1 partnership |
| 9 | Elconn Provider of building energy management solutions for commercial spaces | $1M FY2025 | — | -14% | — | Sujat faxwala Managing Director | — | — |
| 10 | BuildINT Energy management solution provider for commercial buildings | $669K FY2025 | — | +97% | — | Amit Rai Managing Director | Google MapsBootstrapNginx+10 | — |
| 11 | 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 | +40% | 36 | Satbir Banga Co-Founder | Ubuntuparticles.jsApache HTTP Server+7 | — |
| 12 | Cool Guard Provider of cloud-based thermal sensors for cold chain logistics | $559K FY2025 | — | -33% | 14 | — | — | — |
| 13 | Alphacore Technologies Provider of IoT based predictive maintainance solutions | $527K FY2025 | — | +4% | — | Nirmal Parekh Founder & MD | WordPressMySQLPHP+24 | 5 job openings |
| 14 | urbansciences.in Provider of real-time air quality monitoring solution | $469K FY2025 | — | -30% | — | Ronak Sutaria Founder | — | — |
| 15 | DropByDrop Provider if an IoT based smart water management platform | $368K FY2025 | — | +71392% | — | Santosh Bendkhale Founder & CEO | — | — |
| 16 | Innoquad Technologies Provider of IoT based solutions in multi-industries | $367K FY2024 | — | +8% | 10 | Hetul Patel Founder & CEO | — | — |
| 17 | Fox Domotics Lighting control systems and hotel automation systems | $247K FY2025 | — | +41% | — | Sikander Manihar CEO & Director | WordPressMySQLPHP+21 | — |
| 18 | Enetech Energy Managers Provider of energy management and monitoring solutions | $226K FY2019 | — | +189% | — | Manoj Balakrishnan CEO & MD | — | — |
| 19 | RedSky Technologies Platform offering analytics solution for retail businesses | $186K FY2022 | $1M | -74% | 18 | — | — | — |
| 20 | RadioLocus Consumer analytics for retail stores | $50K FY2018 | — | — | — | Anweshan Roy Co-Founder & President | — | — |
| 21 | AtmoPlay Provider of a IoT based infotainment broadcasting system | $43K FY2022 | — | — | — | Savio Cardoz Co-Founder | — | — |
| 22 | Atsuya Provides solutions for tracking and monitoring temperature of assets 24Innovation top 23%Talent top 28%Product top 38%Tech bottom 35% All 10 signals ▾Innovationtop 23% Talenttop 28% Producttop 38% Techbottom 35% Moatbottom 35% Growthbottom 34% Globalbottom 32% Fundingbottom 29% Fin. healthbottom 27% Marketbottom 26% Innovation: 12 product lines · Deep-tech classification: Tech Hardware Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 24/100 | $27K FY2025 | $1M | -55% | 59 59 → 107 (+81%) | Rahul Ganapathy Co-Founder | WordPress Block EditorWordPressMySQL+24 | 1 launch |
| 23 | GetParking Developer of AI and cloud-based parking management platform | $13K FY2025 | $37K | -3% | 6 | Ashwin Hegde Co-Founder | — | — |
| 24 | SenseQube Developer of an IoT and AI-based smart irrigation and nutrition assistant | $11K FY2025 | — | +25% | — | Naimish Patidar Co-Founder | — | — |
| 25 | ClairViz Systems Provider of performance and process analytic software | $6K FY2025 | $107K | -81% | — | Bharti Vermani Co-Founder | — | — |
Top 12 IoT Applications companies in Mumbai
#1
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
#2
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
#3
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
#4
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
#5
Seed · Mumbai, Maharashtra · founded 2017 · 59 employees$1Mraised▾
IoT and AI solutions for sustainability and operational excellence. The company empowers businesses to achieve sustainability goals through technology. It offers end-to-end solutions with multiple communication protocols, a cloud platform, and a mobile application, unlocking various use cases based on business needs. Specializing in refrigeration, gas, energy, and water monitoring, along with HVAC, supply chains, compliance, and video analytics, the company tailors solutions for manufacturing, real estate, retail, logistics, and hospitality industries. Through collaboration and expertise, they empower clients to achieve sustainability through operational excellence. The company connects business assets to an integrated platform, collecting real-time data and using AI for analysis and proactive monitoring. This drives informed decision-making through alerts, insights, and process recommendations. The company provides data-driven frameworks for sustainable business practices, meeting ESG goals. It is a B2B tech company offering SaaS and software solutions with a focus on social impact through sustainability.
- Mar 2021Angel$137.3K
- Jan 2019Seed$641.7K
- Feb 2018Angel$228.3K
#6
Seed · Mumbai, Maharashtra · founded 2016 · 18 employees$1.1Mraised▾
Platform offering analytics solution for retail businesses. It provides a feedback platform intended to support consumer companies with their product and promotion performance. Using the data, retail and CPG companies can plan inventory management, production planning, and distribution strategies, etc. It also offers consumption analysis, spends monitoring, behavioral analysis and risk mitigation, automated/assisted replenishment, store risk assessment, integrated payments solution, and more.
- Aug 2019Seed$696.4K
- Nov 2017Angel$433.8K
#7
Seed · Mumbai, Maharashtra · founded 2015 · 46 employees$682.6Kraised▾
Provider of primary healthcare via automated kiosks. It offer a range of diagnostic tests and provide health screening reports. The technology facilitates medical care, particularly beneficial for underserved populations. It enabling individuals to monitor the health. The service includes virtual consultations with healthcare professionals, supplementing the automated testing capabilities.
- Jan 2020Angel$420.1K
- Apr 2019Angel$36K
- Jan 2017Seed$226.5K
- Jun 2016Seed—
#8
Seed · Mumbai, Maharashtra · founded 2016 · 36 employees$514.2Kraised▾
Provider of industry manufacturing execution system. The company's Autosys industrial solutions accelerates manufacturing companies towards the next industrial revolution from data acquisition from the machines to ERP automation through their flagship Quad Industry 4.0 Platform MES. It is a manufacturing execution system that automates all the functions of supply chain from raw material to finished goods within the native scope and extends from supplier to customer in the extended scope.
- Sep 2020Seed$254.5K
- Aug 2019Seed$176.8K
- Mar 2018Angel$43.9K
- Jan 2017Seed$39K
#9
Public · Mumbai, Maharashtra · founded 1993 · 3 employees$718.2Kraised▾
Provider of payment solutions, communication services, and IoT-enabled RFID technologies. It offers a comprehensive suite of payment products, including smart cards, metal cards, and merchant QR solutions, alongside secure banking instruments. In communication and fulfillment, services encompass print and digital communications, inventory management systems, and integrated logistics management. The company's IoT solutions leverage RFID technology for retail automation, supply chain management, and applications across various sectors like healthcare and renewable energy. These solutions provide traceability and automation capabilities. It also manufactures SIM and eSIM cards.
#10
Seed · Mumbai, Maharashtra · founded 2015$106.6Kraised▾
Provider of performance and process analytic software. It has modules for maintenance management, job production planning, production reporting and analysis, OEE, operations, performance, and energy consumption. It can integrate with SCADA, MES, and ERP systems. Also provides ClairIOT for capturing data from sensors and controllers and ClairViz Osprey Client, a mobile-enabled interface for accessing the engine. It serves automotive, steel, cement, power, oil, gas, pharma, textiles, and FMCG industries. Also provides consultancy and design services for automation and custom software.
- Dec 2021Seed$17.8K
- Jan 2021Seed$27.9K
- Aug 2019Seed$60.9K
#11
Seed · Mumbai, Maharashtra · founded 2014 · 4 employees$121.3Kraised▾
Provider of agricultural machinery. The platform offers different agricultural equipment such as reaper binder, flower harvester, biomass equipment, etc.
- Jun 2017Angel$41.3K
- Apr 2017Angel—
- Oct 2015Angel$80K
#12
Seed · Mumbai, Maharashtra · founded 2015 · 6 employees$37.4Kraised▾
Developer of AI and cloud-based parking management platform. Its product is a smart parking assistant application that enables users to find parking spots at their location and locate their car. It also lets users create carpool groups and pay toll and parking fees through the platform.
- Nov 2016Seed$37.4K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of IoT Applications coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.