Company lists
The Bengaluru edition · 2026

IoT Servicescompanies in Bengaluru

IT services, AI services, blockchain, smart home, electronics & embedded and more: the companies building iot services in Bengaluru, Karnataka, with their founders, funding, team size and business models.

159 company profiles73 with reported revenue4 with recorded fundingOctober 2026 edition
Bengaluru · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent iot services business events in India

Funding, M&A, contract wins and launches involving 1,414 iot services companies in India, last 24 months: 18 Contracts · 7 M&A deals · 6 launches · 4 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Announced

Quest global acquires Bitsilica

Quest Global, the world’s largest independent pure-play engineering services company, announced the acquisition of BITSILICA, an India-based semiconductor design services company.

Semiconductor Design Services
FundingSeries A equity investment

Phoenix

Kochhar & Co., Bangalore acted as the counsel to Phoenix Robotix Private Limited, a leading technology company in automation and industrial IoT, and creator of the pioneering 'Datoms'…

Investors Big Global Investment JSC, YourNest Innovative Products VC Fund III, IvyCap Ventures Trust Fund III
Automation and industrial IoT
Funding

Sfo technologies

Kochi-headquartered electronics manufacturing services company SFO Technologies has raised approximately $82 million in a funding round led by growth-stage private equity fund Trident…

Investors Trident growth partners, Amicus Capital Partners, Anicut Continuum Equity Fund, HDFC AMC Select AIF FOF-1
Electronics Manufacturing Services
ContractTechnology

Bharat forge · client: Vvdn technologies

Bharat Forge and VVDN Technologies have signed an memorandum of understanding (MoU) to explore collaboration across automotive, defence, and data centre sectors.

Automotive, Defence, Data Centre
Contract

Bartronics india · client: Shree NagaNarasimha Pvt. Ltd.

Bartronics India Limited (“BIL”) has executed a definitive Shareholders Agreement with Shree NagaNarasimha Pvt. Ltd., operating under the AYOU brand, marking a strategic step in its…

Agriculture
M&AAcquisition · Announced

Bartronics india acquires AYOU

Bartronics India Limited has received board approval to acquire a 51% stake in AYOU, a fresh produce brand operated by Shree NagaNarasimha Pvt Ltd (SNN).

Fresh produce aggregation and processing
ContractSupply

Seatrium Energy (International) Pte Ltd · client: Phoenix

Under the settlement, Seatrium Energy (International) Pte Ltd will deliver the vessel to Maersk’s affiliate Phoenix II A/S by February 28, 2026, with the buyer paying the remaining…

Offshore Wind
Contract

Kinex India Private Limited · client: Bartronics india

Apart from this, the board also approved the proposal of the company to borrow Rs 100 crore from Kinex India Private Limited under a related-party transaction.

Finance
ContractTechnology

Chipex Technologies Private Limited · client: Mic electronics

MIC Electronics, through a stock exchange filing, announced that it has entered into a Memorandum of Understanding (MoU) with Chipex Technologies Private Limited to co-develop…

Semiconductor
Contract

Ericsson · client: Vvdn technologies

It is worth noting that Ericsson is already making telecom gear in India in partnership with VVDN Technologies.

Telecom
LaunchAskme360

Heuristics informatics

Heuristics Informatics Pvt. Ltd. (HIPL), a global leader in enterprise IT solutions has announced the launch of askme360, a cutting-edge AI assistant designed to transform how businesses…

AI Assistant
LaunchIoT-enabled ERP/CRM

Amar infotech

Amar InfoTech is advancing digital transformation with its IoT-enabled ERP and CRM development services, designed to help enterprises in India and worldwide integrate real-time data…

Enterprise Resource Planning / Customer Relationship Management
FundingGrowth capital

Amnex infotechnologies

Amnex Infotechnologies gets INR 460 crore growth capital from Bharat Value Fund

Investors Bharat Value Fund
Wealth Company Asset Management / AI/IoT/GIS
ContractTechnology

Vvdn technologies · client: Bharat Electronics Limited BEL

Earlier last week, BEL signed a Memorandum of Understanding (MoU) with VVDN Technologies to collaborate on domestic manufacturing and technology development.

Defence and electronics
Launch

Azilen technologies

Azilen Technologies, a global product engineering company, today announced the successful integration of OpenAI's advanced language models into its digital platforms.

LaunchFully AI-designed server

Vvdn technologies

On Friday, India's Union Minister Ashwini Vaishnaw unveiled the country's first fully AI-designed server, made by VVDN Technologies.

Server
M&AAcquisition · Completed

Sasken acquires BORQS International Holding Corp

Sasken Technologies Limited (NSE: SASKEN, BSE: 532663), a leading global provider of product engineering and digital transformation services, announced that it has completed acquisition…

Embedded Software, Internet of Things
LaunchFactory Monitoring

Kneo automation

KNEO Automation a leader in industrial innovation, introduces a groundbreaking solution - Factory Monitoring.

Industrial Automation
ContractService

Verso Altima India · client: Postnord

Verso Altima India Private Limited, a subsidiary of Adroit Infotech Limited, has secured a significant contract valued at approximately Rs. 24 million from PostNord Group AB for SAP BRIM…

IT services
ContractService

Verso Altima India · client: PT Supra Primatama Nusantara

Verso Altima India Private Limited, a subsidiary of Adroit Infotech Limited, has secured a significant ₹21 million contract from PT Supra Primatama Nusantara for SAP BRIM services.

Enterprise technology solutions
M&AAcquisition · Announced

Sasken communication technologies acquires Botnia Hightech

In an all cash deal, Sasken Communication Technologies Ltd., a pioneer in the telecom R&D and support space, has agreed to pay €35.5 million to acquire Finland based Botnia Hightech Oy,…

Wireless R&D and testing services
M&AAcquisition · Completed

Stellex Industries acquires Phoenix

Stellex Industries , Palo Alto, CA, has acquired privately held RF and microwave component supplier Phoenix Microwave Corp.

RF and Microwave Components
ContractSupply

Panache digilife · client: Global Customer

The shares of the company have seen positive movement after Panache Digilife Ltd signed a Manufacture and Supply Agreement (“MSA”) with a Global Customer for the manufacture and supply…

Technology
ContractTechnology

Ptw group · client: Bartronics india

Bartronics India Limited, a fin-tech solutions provider, signed a Memorandum of Understanding (MoU) with Singapore’s PTW Group on January 8, 2025, marking PTW’s entry into the Indian…

Semiconductor
ContractTechnology

Amantya technologies · client: eTelecom Transformation Centre (eTT)

IT company Amantya Technologies has been awarded a multi-year contract to develop a unified web portal in alignment with the Telecommunication Act 2023, the company announced on Thursday.

Telecommunications

IoT Services companies in Bengaluru, by revenue

Browse iot services companies in Bengaluru 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 73 iot services companies in Bengaluru, Karnataka 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 end-to-end engineering, IT, and business solutions

Iot services
₹12,676.90 crFY 2024-25
+7%2024–2025
25,396-1% 12 mo to Jul 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted May 2026

Provider of IT, product engineering and digital transformation services

It services
₹507.79 crFY 2024-25
+6%2024–2025
3,862+1% 12 mo to Mar 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months · last posted Jun 2026

Semiconductor design and embedded software development services

Digital transformation services
₹387.80 crFY 2024-25
+34%2024–2025
1,956+22% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jul 2026

Provider of IoT development and engineering consulting services

Iot services
₹199.31 crFY 2024-25
+1%2024–2025
573+5% 12 mo to May 2024recorded May 2024
19 yr2007
1postings · last posted Sep 2026

Mindteck provides IT & Product Engineering Services

It services
₹160.53 crFY 2024-25
+12%2024–2025
1,115+0% 12 mo to Sep 2024LinkedIn · Jul 2026
35 yr1991
0none in 3 months · last posted Jul 2026

Avils Infra Pvt. Ltd.

Iot services
₹95.62 crFY 2024-25
+44%2024–2025
76LinkedIn · Jul 2026
17 yr2009
1postings · last posted Sep 2026

Manufacturer of smart lighting and IoT solutions

Home furnishing products
₹78.40 crFY 2024-25
+54%2024–2025
69+128% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of IT services suite

It services
₹46.36 crFY 2024-25
+3%2024–2025
252-7% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
1postings · last posted Sep 2026

Provider of IoT services

Iot services
₹43.57 crFY 2024-25
+28%2024–2025
89+6% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of IoT solutions for autonomous, energy conserving, employee-friendly office spaces

Iot services
₹27.69 crFY 2024-25
+28%2024–2025
11LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Provider of AI, IoT, software development, and cloud consulting services

Iot services
₹26.81 crFY 2024-25
-4%2024–2025
93-16% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of IoT, software & mobile application development and data analytics services

Iot services
₹22.70 crFY 2024-25
+18%2024–2025
109-37% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Feb 2026

Provider of software & application testing services

Iot services
₹19.70 crFY 2024-25
+25%2024–2025
57+65% 12 mo to Apr 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of smart parking services

Iot services
₹15.97 crFY 2021-22
-35%2021–2022
132-56% 12 mo to Mar 2023recorded Mar 2023
21 yr2005
0none in 3 months

Provider of diversified application development, AI and IoT services

It services
₹17.63 crFY 2024-25
+20%2024–2025
195+48% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of IT service suite solutions and HR services

Iot services
₹10.04 crFY 2021-22
Not reported
107+29% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jul 2026

Provider of scaffing, material handling, IIoT, and other services

Iot services
₹9.73 crFY 2024-25
-6%2024–2025
117-3% 12 mo to Mar 2024recorded Mar 2024
17 yr2009
0none in 3 months

Provider of IT services suite solution

Ai services
₹8.23 crFY 2024-25
+11%2024–2025
88-17% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Sep 2026

Technology company specializes in IoT integration solutions and SAP cloud configuration services

Iot services
₹4.46 crFY 2024-25
+5%2024–2025
31LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Provider of industrial IoT solutions & services

It services
₹3.93 crFY 2024-25
+25%2024–2025
25LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of an AI-based IoT remote patient monitoring device and software for providers

Medical device outsourcing
₹3.89 crFY 2024-25
+16%2024–2025
43LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jan 2026

Provider of enterprise mobility, IoT, and digital transformation solutions

Iot services
₹3.79 crFY 2024-25
+29%2024–2025
21LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of IoT, AI, cloud, and software development services

Iot services
₹3.64 crFY 2024-25
+50%2024–2025
49-20% 12 mo to Mar 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of wireless wi-fi services

Iot services
₹3.32 crFY 2024-25
Not reported
33LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of automation solutions, leveraging poka yoke technology to optimize manufacturing processes and improve control

Iot services
₹2.95 crFY 2024-25
+64%2024–2025
—Not available
11 yr2015
0none in 3 months
50 of 159 companies shown here · the full list is on Radar
Fliar Radar

Explore all 159 iot services companies in Bengaluru on Radar

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

Open iot services in Bengaluru on Radar
  • Every company, not just 50All 159 iot services companies in Bengaluru, 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 services companies in Bengaluru by what you are looking for

Find top IoT services companies in Bengaluru, from product engineering firms to smart home specialists. You can also see IoT startups in Bengaluru and IoT companies hiring now.

7 ways to explore iot services in Bengaluru

IT services & software development companiesAI & data science services companiesBlockchain development companiesSmart home & security system companiesElectronics, embedded & product engineering companiesIoT services startups in Bengaluru

IT services & software development companies

Firms providing IoT-enabled software, application development and engineering services.

  1. Bosch Global Software Technologies

    Provider of end-to-end engineering, IT, and business solutions

    Iot services
    See in list
  2. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  3. Mirafra Software Technologies

    Semiconductor design and embedded software development services

    Digital transformation services
    See in list
  4. Mindteck

    Mindteck provides IT & Product Engineering Services

    It services
    See in list
  5. DEEVIA

    Provider of AI, IoT, software development, and cloud consulting services

    Iot services
    See in list

AI & data science services companies

Companies building AI and IoT solutions together for businesses.

  1. DEEVIA

    Provider of AI, IoT, software development, and cloud consulting services

    Iot services
    See in list
  2. Mindgraph

    Provider of diversified application development, AI and IoT services

    It services
    See in list
  3. Deuglo

    Provider of AI consulting and IT suite services

    Iot services
    See in list
  4. LTK Soft

    Provider of software, website, mobile application, IoT and AI diversified services

    Iot services
    See in list
  5. Innovate2Automate Technologies

    Company that delivers intelligent and cost-effective technology solutions

    Ai services
    Website

Blockchain development companies

Providers of blockchain development and decentralized system services.

  1. vlinder

    Provider of blockchain, supply chain management and identity management solutions

    Blockchain infrastructure
    See in list
  2. DBZeus

    Provider of blockchain development services

    It services
    See in list
  3. Tech4biz

    Provider of blockchain development services

    Iot services
    Website
  4. Zenrion Technologies

    Provider of blockchain development services

    Iot services
    Website
  5. BiniWorld Innovations

    Platform providing solutions for creating decentralized systems

    Iot services
    Website

Smart home & security system companies

Developers of home automation, surveillance and smart security solutions.

  1. Exattec

    Provider of IoT-based solutions for smart homes

    Smart homes
    Website
  2. Synxgen

    Provider of home automation solutions

    Property management tech
    Website
  3. IoTian Technologies

    Developer of AI, machine learning, IoT, and embedded systems solutions

    Iot services
    Website
  4. MarvellMist

    Developer of smart home automation solution

    Iot services
    Website
  5. Alorb Technologies

    Developer of smart home security systems

    Iot services
    Website

Electronics, embedded & product engineering companies

Providers of electronic manufacturing, semiconductor design and embedded product engineering.

  1. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  2. Mirafra Software Technologies

    Semiconductor design and embedded software development services

    Digital transformation services
    See in list
  3. TAAL Tech

    Provider of IoT development and engineering consulting services

    Iot services
    See in list
  4. Mindteck

    Mindteck provides IT & Product Engineering Services

    It services
    See in list
  5. Tismo

    Provider of IoT, software & mobile application development and data analytics services

    Iot services
    See in list

IoT services startups in Bengaluru

Newer IoT services companies based in Bengaluru.

  1. Unfold Technologies

    Provider of IoT solutions for the pulp and paper industry for data collection, monitoring, and advisory

    Iot services
    See in list
  2. Rabban

    Provider of automated process control systems and IoT solutions

    Iot services
    Website
  3. Sumeru Digital Solutions

    Sumeru Digital Solutions is a software development company.

    Iot services
    Website
  4. Gyrfalcon IntelliEdge Solutions India

    Provider of IoT solutions for digitization, digitalization, and automation services

    Iot services
    Website
  5. Omoiyari Greentech

    Develoepr of AI-based solutions for advancements in connectivity

    Iot services
    Website
11 companies in Bengaluru

IoT services companies hiring in Bengaluru

IoT services companies with open roles right now.

  1. Bosch Global Software Technologies

    Provider of end-to-end engineering, IT, and business solutions

    Iot services
    See in list
  2. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  3. Mirafra Software Technologies

    Semiconductor design and embedded software development services

    Digital transformation services
    See in list
  4. TAAL Tech

    Provider of IoT development and engineering consulting services

    Iot services
    See in list
  5. Mindteck

    Mindteck provides IT & Product Engineering Services

    It services
    See in list
24 companies in Bengaluru
Mobile reach

Top 10 iot services apps from Bengaluru

The most-installed Android apps published by iot services companies headquartered in Bengaluru — 142K installs between them. 16 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Stotramala in Kannada

by Pyrumas

Installs38K
Rating—
Last updatedApr 2023
View on Google Play ↗
Stotramala in Kannada screenshot 1Stotramala in Kannada screenshot 2Stotramala in Kannada screenshot 3Stotramala in Kannada screenshot 4Stotramala in Kannada screenshot 5Stotramala in Kannada screenshot 6
4

Masquerader Xperience

by vlinder

Installs9K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Masquerader Xperience screenshot 1Masquerader Xperience screenshot 2Masquerader Xperience screenshot 3Masquerader Xperience screenshot 4Masquerader Xperience screenshot 5Masquerader Xperience screenshot 6
5

Ezy Digital Checklist

by DBZeus

Installs5K
Rating—
Last updatedMay 2025
View on Google Play ↗
Ezy Digital Checklist screenshot 1Ezy Digital Checklist screenshot 2Ezy Digital Checklist screenshot 3Ezy Digital Checklist screenshot 4Ezy Digital Checklist screenshot 5Ezy Digital Checklist screenshot 6
8

SYNXGEN Home Automation

by Synxgen

Installs1K
Rating—
Last updatedJan 2026
View on Google Play ↗
SYNXGEN Home Automation screenshot 1SYNXGEN Home Automation screenshot 2SYNXGEN Home Automation screenshot 3SYNXGEN Home Automation screenshot 4SYNXGEN Home Automation screenshot 5
9

Kirloskar CMS

by Kemsys

Installs509
Rating—
Last updatedApr 2025
View on Google Play ↗
Kirloskar CMS screenshot 1Kirloskar CMS screenshot 2Kirloskar CMS screenshot 3Kirloskar CMS screenshot 4Kirloskar CMS screenshot 5Kirloskar CMS screenshot 6
The business behind the activity

IoT Services financials in Bengaluru

Revenue, profit and growth from the filed annual accounts of 62 iot services companies in Bengaluru, Karnataka for FY24-25 — 83 of the 159 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₹14,093.44 cr

62 companies filing accounts

combined net profit₹1,461.37 cr

10.4% aggregate margin

are profitable58%

36 of 62 companies

median revenue~₹2.0 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five98%

revenue concentration

Six-year view

Combined revenue of filing companies

₹7,187.21 crFY19-2063 filers
₹7,028.81 crFY20-2172 filers
₹8,513.16 crFY21-2271 filers
₹11,289.68 crFY22-2366 filers
₹13,004.35 crFY23-2463 filers
₹14,093.44 crFY24-2562 filers

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

Like-for-like

The same 55 companies over three years

+25%
FY22-23₹11,284.07 cr₹1,240.43 cr net
FY23-24₹12,995.81 cr₹1,463.36 cr net
FY24-25₹14,084.34 cr₹1,463.75 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 cr2129% profitable
₹1–10 cr2864% profitable
₹10–100 cr989% profitable
₹100–1,000 cr3100% 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

Shrinking21
0–20%16
20–50%12
50–100%2
Doubled+8

59 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

36profitable
26loss-making
10.4%aggregate margin
2.7%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
Avils InfraAVILS INFRA PRIVATE LIMITED+44%₹95.62 cr
Mirafra Software TechnologiesMIRAFRA SOFTWARE TECHNOLOGIES PRIVATE LIMITED+31%₹350.28 cr
MakonisMAKONIS SOFTWARE SOLUTIONS PRIVATE LIMITED+28%₹12.07 cr
Lightingale TechnologiesLIGHTINGALE TECHNOLOGIES PRIVATE LIMITED+28%₹27.69 cr
Babbler GroupBABBLER MARKETING PRIVATE LIMITED+26%₹42.68 cr
ProbePlusPROBEPLUS INNOVATIVE SOLUTIONS PRIVATE LIMITED+25%₹19.70 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
TismoTISMO TECHNOLOGY SOLUTIONS PRIVATE LIMITED13.0%₹21.49 cr
DEEVIADEEVIA SOFTWARE INDIA PRIVATE LIMITED11.8%₹26.81 cr
MindteckMINDTECK (INDIA) LIMITED11.7%₹160.53 cr
Bosch Global Software TechnologiesBOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED10.9%₹12,676.90 cr
SaskenSASKEN TECHNOLOGIES LIMITED9.6%₹507.79 cr
MindgraphMINDGRAPH TECHNOLOGIES PRIVATE LIMITED6.9%₹17.63 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Iot services47₹12,985.33 cr~₹1.4 cr55%10.7%
It services8₹734.57 cr~₹10.8 cr75%9.3%
Leaders

Largest iot services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Bosch Global Software TechnologiesBOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED₹12,676.90 cr₹1,378.90 cr10.9%+7%
SaskenSASKEN TECHNOLOGIES LIMITED₹507.79 cr₹48.75 cr9.6%+21%
Mirafra Software TechnologiesMIRAFRA SOFTWARE TECHNOLOGIES PRIVATE LIMITED₹350.28 cr₹5.09 cr1.5%+31%
MindteckMINDTECK (INDIA) LIMITED₹160.53 cr₹18.82 cr11.7%+12%
Avils InfraAVILS INFRA PRIVATE LIMITED₹95.62 cr₹5.26 cr5.5%+44%
Babbler GroupBABBLER MARKETING PRIVATE LIMITED₹42.68 cr₹2.26 cr5.3%+26%
Benison TechnologiesBENISON TECHNOLOGIES PRIVATE LIMITED₹40.63 cr−₹82.26 lakh-2.0%+3%
Lightingale TechnologiesLIGHTINGALE TECHNOLOGIES PRIVATE LIMITED₹27.69 cr₹1.25 cr4.5%+28%
DEEVIADEEVIA SOFTWARE INDIA PRIVATE LIMITED₹26.81 cr₹3.15 cr11.8%-4%
TismoTISMO TECHNOLOGY SOLUTIONS PRIVATE LIMITED₹21.49 cr₹2.80 cr13.0%+18%
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

Accounting and Tax Software Industry Landscape of Bengaluru

The financials above are one chapter. The full iot services landscape of Bengaluru 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 services landscape of Bengaluru
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 Services funding and M&A across India

67 recorded equity rounds have gone to 1,414 iot services companies in India — how much, at which stage, into which sub-sectors, from whom, and how Bengaluru compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$82.00m

equity rounds, last 24 months3

US$134.01m

raised over five yearsUS$231.17m

25 rounds in India

M&A deals, India7

last 24 months

Capital by year

Equity funding into iot services in India

amount rounds
$4.8m20187
$38m20197
$94k20202
$345k20216
$2.8m20225
$87m20238
$6.7m20244
$52m20251
$82m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2023, with US$87.37m across 8 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.90m6 rounds · median US$107k
SeedUS$2.92m11 rounds · median US$143k
Series AUS$52.00m1 rounds · median US$52.00m
Series BUS$6.48m2 rounds · median US$6.48m
Series D+US$83.87m4 rounds · median US$20.55m
Private equityUS$82.00m1 rounds · median US$82.00m
Where the money went · five years

Most-funded sub-sectors

Electronic manufacturing servicesUS$87.44m5 rounds · 1 companies
Manufacturing servicesUS$82.00m1 rounds · 1 companies
It servicesUS$52.00m1 rounds · 1 companies
Physical security servicesUS$6.48m2 rounds · 1 companies
Iot servicesUS$3.02m13 rounds · 10 companies
PaymentsUS$237k2 rounds · 1 companies
3d printingUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

7Acquisition

Most active acquirers

  1. Sasken3
  2. Quest global1
  3. Bartronics india1
  4. Stellex Industries1
  5. Phoenix1

Most acquired or merged

  1. Bitsilica1
  2. AYOU1
  3. BORQS International Holding Corp1
  4. Botnia Hightech1
  5. Phoenix1

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

IoT Services funding in Bengaluru

4 iot services companies in Bengaluru have recorded equity funding, US$26.68m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Bengaluru

Meet the people behind iot services companies in Bengaluru. 66 of 159 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Bengaluru iot services companies by sub-sector

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

Keep exploring iot services in India and nearby markets.

Coming soon