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The India edition · 2026

Metaversecompanies in India

VR & AR, NFT & blockchain, metaverse gaming, virtual worlds, education & training and more: the companies building metaverse in India, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
53 company profiles13 with reported revenue15 with recorded fundingOctober 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent metaverse business events in India

Funding, M&A, contract wins and launches involving 69 metaverse companies in India, last 24 months: 1 funding round. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

FundingSeed

Ctruh

Ctruh, the deep-tech company building the infrastructure layer for the spatial internet, has raised $2.5 Million in a Seed funding round led by Inflection Point Ventures.

Investors Inflection point ventures, Avinya Ventures, India accelerator, Founder's Avenue
XR

Metaverse companies in India, by funding and team

Few metaverse companies in India publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 53 active companies.

Showing 25 of 50

Provider of a no-code content creation platform for the metaverse

Augmented reality
US$4.61mSeed · Apr 2026
50LinkedIn · Jul 2026
Subscription
4 yr2022
0none in 3 months · last posted Jun 2026

Developer of simulation based training platforms for industrial skills

Augmented reality
US$4.22mSeries A · Aug 2022
45-12% 12 mo to Sep 2024LinkedIn · Jul 2026
Subscription
10 yr2016
0none in 3 months

Online play-to-earn gaming platform

Pc & console gaming
US$4.00mSeries A · Feb 2022
12LinkedIn · Jul 2026
Fee-for-service
5 yr2021
0none in 3 months

Provider of a metaverse ecosystem featuring NFTs and blockchain gaming

Pc & console gaming
US$4.00mSeries A · Jun 2022
—Not available
Commission on transaction / Subscription
5 yr2021
0none in 3 months

Provider of a metaverse called Mayaa-verse

Virtual reality
US$3.08mSeries A · Nov 2022
126LinkedIn · Jul 2026
Subscription
4 yr2022
0none in 3 months · last posted Jul 2023

Provider of social metaverse gaming platform to play multiple games

Non fungible tokens
US$3.02mSeed · Mar 2023
13-61% 12 mo to Sep 2024LinkedIn · Jul 2026
Subscription
5 yr2021
0none in 3 months

Developer of 3D and virtual reality solutions for businesses

E-commerce enablers
US$2.15mAngel · Mar 2024
64-19% 12 mo to Apr 2024LinkedIn · Jul 2026
E-commerce - product / Physical commerce
8 yr2018
0none in 3 months · last posted Jan 2026

Online metaverse for food-based NFTs

Metaverse
US$2.00mSeed · Nov 2021
6LinkedIn · Jul 2026
Commission on transaction / Subscription
5 yr2021
—No postings tracked

Developer of a decentralized build-to-earn metaverse platform

Blockchain infrastructure
US$1.00mSeed · Jun 2022
—Not available
Subscription
4 yr2022
—No postings tracked

Developer of a metaverse platform focused on educational content and NFTs

Metaverse
US$925kSeed · May 2022
12LinkedIn · Jul 2026
Subscription
20 yr2006
0none in 3 months

Provider of a cloud based XR authoring tool with an analytics toolkit

Metaverse
US$600kSeed · Dec 2021
12+12% vs previous recordLinkedIn · Jul 2026
Subscription
9 yr2017
0none in 3 months

AR, VR, and metaverse creation studio

Metaverse
US$383kSeed · Sep 2022
17LinkedIn · Jul 2026
Subscription
6 yr2020
0none in 3 months

Provider of no-code games development platform for designers

Pc & console gaming
US$332kSeed · Dec 2021
2LinkedIn · Jul 2026
Subscription
5 yr2021
0none in 3 months

Provider of metaverse, tokenization, and web3 technology services

Metaverse
US$243kSeed · Jun 2022
20LinkedIn · Jul 2026
Advertising / E-commerce - service
5 yr2021
0none in 3 months · last posted Jul 2026

Metaverse-based social networking platform

Pc & console gaming
US$84kAngel · Jan 2025
2recorded
Fee-for-service
5 yr2021
0none in 3 months

Metaverser-based platform offering learning solutions for k-12 students

Metaverse
—None recorded
113-18% 12 mo to Nov 2022recorded Nov 2022
Subscription
10 yr2016
0none in 3 months

Developer of SDK to build metaverse

Virtual reality
—None recorded
21LinkedIn · Jul 2026
Subscription
12 yr2014
0none in 3 months

Plutoverseis a technology entertainment company that builds virtual world designed for social interactions for Gen-Z and Millennials.

Social platforms
—None recorded
50LinkedIn · Jul 2026
Advertising / E-commerce - product
5 yr2021
—No postings tracked

NFT-based trading platform for the metaverse

Investment tech
—None recorded
4LinkedIn · Jul 2026
Subscription
5 yr2021
—No postings tracked

Developer of mobile-based multi-genre casual games

Pc & console gaming
—None recorded
20LinkedIn · Jul 2026
Subscription
11 yr2015
0none in 3 months

Online marketplace for trading NFT

Investment tech
—None recorded
8recorded
Commission on transaction / Lending
5 yr2021
0none in 3 months

Provider of a metaverse-based gaming platform

Pc & console gaming
—None recorded
1LinkedIn · Jul 2026
Subscription
4 yr2022
—No postings tracked

Provider of online upskilling courses and assessment tools

Business process management software
—None recorded
2LinkedIn · Jul 2026
Subscription
12 yr2014
0none in 3 months

Developer of a blockchain-based marketplace for virtual land

Non fungible tokens
—None recorded
5LinkedIn · Jul 2026
Subscription
5 yr2021
0none in 3 months

AI-powered platform for spatial experiences

Virtual reality
—None recorded
5LinkedIn · Jul 2026
Subscription
4 yr2022
0none in 3 months
50 of 53 companies shown here · the full list is on Radar
Fliar Radar

Explore all 53 metaverse companies in India on Radar

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

Open metaverse in India on Radar
  • Every company, not just 50All 53 metaverse companies in India, 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 metaverse companies in India by what you are looking for

Find the top metaverse companies in India, including metaverse development companies, VR and AR studios, and NFT and blockchain gaming platforms. Browse metaverse startups in India by the kind of virtual world or tool they build.

8 ways to explore metaverse in India

Virtual reality & augmented reality companiesNFT, blockchain & crypto metaverse platformsMetaverse & blockchain gaming companiesSocial metaverse & virtual world platformsMetaverse education & training platformsMetaverse development tools & app development companies

Virtual reality & augmented reality companies

Studios and developers building VR, AR and 3D experiences for businesses.

  1. KiKsAR

    Developer of 3D and virtual reality solutions for businesses

    E-commerce enablers
    See in list
  2. CUSMAT

    Developer of simulation based training platforms for industrial skills

    Augmented reality
    See in list
  3. XR Central

    AR, VR, and metaverse creation studio

    Metaverse
    See in list
  4. GMETRI

    Provider of a cloud based XR authoring tool with an analytics toolkit

    Metaverse
    See in list
  5. Ctruh

    Provider of a no-code content creation platform for the metaverse

    Augmented reality
    See in list
30 companies in IndiaAll 227 virtual reality companies in India →

NFT, blockchain & crypto metaverse platforms

Metaverse platforms built on NFTs, virtual land and decentralized blockchains.

  1. Zionverse

    Provider of a metaverse ecosystem featuring NFTs and blockchain gaming

    Pc & console gaming
    See in list
  2. MetAroha

    Metaverse-based real estate listing platform

    Real estate it
    See in list
  3. LOKA

    Metaverse-based social networking platform

    Pc & console gaming
    See in list
  4. Infinity Void

    Developer of a blockchain-based marketplace for virtual land

    Non fungible tokens
    See in list
  5. Bullieverse

    Online play-to-earn gaming platform

    Pc & console gaming
    See in list
20 companies in IndiaAll 118 non fungible tokens companies in India →

Metaverse & blockchain gaming companies

Game developers and platforms creating play-to-earn and social metaverse games.

  1. Zionverse

    Provider of a metaverse ecosystem featuring NFTs and blockchain gaming

    Pc & console gaming
    See in list
  2. Atirath

    Developer of mobile-based multi-genre casual games

    Pc & console gaming
    See in list
  3. AltWorld

    Provider of social metaverse gaming platform to play multiple games

    Non fungible tokens
    See in list
  4. LOKA

    Metaverse-based social networking platform

    Pc & console gaming
    See in list
  5. Bullieverse

    Online play-to-earn gaming platform

    Pc & console gaming
    See in list
13 companies in IndiaAll 624 mobile gaming companies in India →

Social metaverse & virtual world platforms

Platforms for virtual worlds, social networking and online events in the metaverse.

  1. P2E Pro

    Provider of a metaverse called Mayaa-verse

    Virtual reality
    See in list
  2. LOKA

    Metaverse-based social networking platform

    Pc & console gaming
    See in list
  3. Infinity Void

    Developer of a blockchain-based marketplace for virtual land

    Non fungible tokens
    See in list
  4. plutoverse

    Plutoverseis a technology entertainment company that builds virtual world designed for social interactions for Gen-Z and Millennials.

    Social platforms
    See in list
  5. PartyNite

    Developer of a platform for hosting virtual events in Metaverse

    Metaverse
    See in list
19 companies in IndiaAll 1,204 social platforms companies in India →

Metaverse education & training platforms

Metaverse and simulation platforms for school learning and skills training.

  1. Veative

    Metaverser-based platform offering learning solutions for k-12 students

    Metaverse
    See in list
  2. Edverse

    Developer of a metaverse platform focused on educational content and NFTs

    Metaverse
    See in list
  3. Traxof Technologies

    Provider of online upskilling courses and assessment tools

    Business process management software
    See in list
  4. CUSMAT

    Developer of simulation based training platforms for industrial skills

    Augmented reality
    See in list
4 companies in IndiaAll 2,962 k-12 edtech companies in India →

Metaverse development tools & app development companies

No-code platforms, SDKs and studios for building metaverse applications.

  1. HoloWorld

    Developer of SDK to build metaverse

    Virtual reality
    See in list
  2. XR Central

    AR, VR, and metaverse creation studio

    Metaverse
    See in list
  3. Ctruh

    Provider of a no-code content creation platform for the metaverse

    Augmented reality
    See in list
  4. Doss.games

    Provider of no-code games development platform for designers

    Pc & console gaming
    See in list
  5. The Artiste AI Studio

    AI-integrated content and audio generation platform for the metaverse

    Marketingtech
    See in list
49 companies in IndiaAll 41 metaverse companies in India →

Metaverse startups in India

Recently founded metaverse startups in India.

  1. P2E Pro

    Provider of a metaverse called Mayaa-verse

    Virtual reality
    See in list
  2. Zionverse

    Provider of a metaverse ecosystem featuring NFTs and blockchain gaming

    Pc & console gaming
    See in list
  3. AltWorld

    Provider of social metaverse gaming platform to play multiple games

    Non fungible tokens
    See in list
  4. LOKA

    Metaverse-based social networking platform

    Pc & console gaming
    See in list
  5. Ctruh

    Provider of a no-code content creation platform for the metaverse

    Augmented reality
    See in list
37 companies in India

Metaverse companies hiring in India

Metaverse companies in India with open roles.

  1. P2E Pro

    Provider of a metaverse called Mayaa-verse

    Virtual reality
    See in list
  2. KiKsAR

    Developer of 3D and virtual reality solutions for businesses

    E-commerce enablers
    See in list
  3. Ctruh

    Provider of a no-code content creation platform for the metaverse

    Augmented reality
    See in list
  4. NoCap Meta

    Provider of metaverse, tokenization, and web3 technology services

    Metaverse
    See in list
  5. AVTR

    Developer of 3D avatars

    Pr tech
    See in list
6 companies in India
Mobile reach

Top 6 metaverse apps from India

The most-installed Android apps published by metaverse companies headquartered in India — 63K installs between them. 6 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 6
2

Partynite

by PartyNite

Installs25K
Rating—
Last updatedAug 2025
Legal entityIMMERSIVE GAMITRONICS STUDIOS PRIVATE LIMITEDdeclared on Google Play
View on Google Play ↗
Partynite screenshot 1Partynite screenshot 2Partynite screenshot 3Partynite screenshot 4Partynite screenshot 5Partynite screenshot 6
5

SkillPlayAI

by CUSMAT

Installs72
Rating—
Last updatedNov 2025
Legal entityCUSMAT TECHNOLOGIES PRIVATE LIMITEDCIN U74999TG2016PTC110304
View on Google Play ↗
SkillPlayAI screenshot 1SkillPlayAI screenshot 2SkillPlayAI screenshot 3SkillPlayAI screenshot 4SkillPlayAI screenshot 5SkillPlayAI screenshot 6
The business behind the activity

Metaverse financials in India

Revenue, profit and growth from the filed annual accounts of 13 metaverse companies in India for FY24-25 — 15 of the 53 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 90% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹46.20 cr

13 companies filing accounts

combined net profit−₹29.91 cr

-64.7% aggregate margin

are profitable38%

5 of 13 companies

median revenue~₹1.2 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five90%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4.71 crFY19-206 filers
₹5.13 crFY20-217 filers
₹12.90 crFY21-227 filers
₹23.33 crFY22-2311 filers
₹24.83 crFY23-2414 filers
₹46.20 crFY24-2513 filers

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

Like-for-like

The same 11 companies over three years

+6%
FY22-23₹23.33 cr−₹12.98 cr net
FY23-24₹23.22 cr−₹26.12 cr net
FY24-25₹24.77 cr−₹9.00 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 cr633% profitable
₹1–10 cr650% profitable
₹10–100 cr10% profitable
₹100–1,000 cr0—
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking5
0–20%2
20–50%2
50–100%0
Doubled+4

13 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

5profitable
8loss-making
-64.7%aggregate margin
-24.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Leaders

Largest metaverse companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
P2E ProMAI LABS PRIVATE LIMITED₹21.30 cr−₹12.71 cr-59.7%>10×
KiKsARKIKSAR TECHNOLOGIES PRIVATE LIMITED₹7.59 cr₹15.06 lakh2.0%-18%
EdverseSACHETAN KNOWLEDGE COMPANIONS PRIVATE LIMITED₹6.51 cr₹31.21 lakh4.8%+6%
CUSMATCUSMAT TECHNOLOGIES PRIVATE LIMITED₹4.47 cr−₹4.83 cr-108.1%+35%
AtirathATIRATH TECHNOLOGIES PRIVATE LIMITED₹1.90 cr−₹38.77 lakh-20.4%>10×
MetArohaTECHAROHA SOLUTIONS PRIVATE LIMITED
XR CentralXRC STUDIOS PRIVATE LIMITED₹1.17 cr−₹28.22 lakh-24.0%-19%
AltWorldMINTIQ TECHNOLOGIES PRIVATE LIMITED₹72.02 lakh−₹3.89 cr-540.1%+13%
GMETRIGMETRI STUDIO PRIVATE LIMITED₹71.04 lakh₹8.99 lakh12.7%-29%
Traxof TechnologiesTRAXOF TECHNOLOGIES PRIVATE LIMITED₹34.93 lakh₹6.67 lakh19.1%+535%
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 India

The financials above are one chapter. The full metaverse landscape of India 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 metaverse landscape of India
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

Metaverse funding and M&A across India

32 recorded equity rounds have gone to 69 metaverse companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$2.61m

equity rounds, last 24 months3

US$2.62m

raised over five yearsUS$28.41m

25 rounds in India

M&A deals, India0

last 24 months

Capital by year

Equity funding into metaverse in India

amount rounds
$502k20181
$625k20192
$883k20203
$3.7m20216
$20m202212
$2.1m20233
$240k20241
$11k20251
$2.6m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$19.81m across 12 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$445k5 rounds · median US$73k
SeedUS$13.38m16 rounds · median US$600k
Series AUS$14.58m4 rounds · median US$3.75m
Where the money went · five years

Most-funded sub-sectors

Pc & console gamingUS$8.42m6 rounds · 5 companies
Augmented realityUS$8.39m7 rounds · 2 companies
MetaverseUS$3.93m6 rounds · 5 companies
Virtual realityUS$3.08m1 rounds · 1 companies
Non fungible tokensUS$3.02m2 rounds · 1 companies
Blockchain infrastructureUS$1.00m1 rounds · 1 companies
E-commerce enablersUS$573k2 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

Most active acquirers

    Most acquired or merged

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

      Go deeper in the metaverse landscape reports:

      Accounting and Tax Software Industry Landscape of India AdTech Industry Landscape of India Aerospace, Maritime and Defense Industry Landscape of India

      Metaverse funding in India

      15 metaverse companies in India have recorded equity funding, US$30.64m in total. Totals and round dates describe the historical record; they are not current valuations.

      Founders and momentum in India

      Meet the people behind metaverse companies in India. 36 of 53 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

      Explore India metaverse companies by sub-sector

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

      Keep exploring metaverse in India and nearby markets.

      Coming soon