Company lists
The India edition · 2026

Mobilecompanies in India

Mobile gaming, messaging & social apps, utility apps, app development, mobile advertising and more: the companies building mobile in India, with their founders, funding, team size and business models.

1,717 company profiles273 with reported revenue130 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent mobile business events in India

Funding, M&A, contract wins and launches involving 2,942 mobile companies in India, last 24 months: 63 M&A deals · 22 funding rounds · 6 launches · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Nazara technologies acquires Rusk media

The acquisition was completed for a subscription amount of ₹14,98,99,176. This development comes after a Share Subscription Agreement was executed on March 30, 2026, between Nazara…

Media and Entertainment
LaunchDreamStreet

Dream sports

Dream Sports, the parent company of Dream11, has officially launched DreamStreet, an AI-powered stock broking platform aimed at transforming how Indians invest in financial markets.

Stock broking platform
Funding

Sprect

Sprect had earlier raised Rs. 50 lakh in angel funding in 2024 from Siddarth Shetty, Chief Business Development Officer, ServiceChannel.

Investors Siddarth Shetty
FundingUser acquisition (UA) funding

Hitwicket

The Bengaluru-based studio behind cricket game Hitwicket has secured $20 million in user acquisition (UA) funding from Metica, a London-based growth financing firm.

Investors Metica
Gaming
M&AAcquisition · Announced

Rush acquires Cucumber

Auckland-based software development and technology services company RUSH has acquired specialist digital services firm Cucumber to expand its presence in the agriculture and utilities…

Digital Services
FundingPre-Series A

Lightfury games

LightFury Games (LFG) has raised $11 million in a Pre-Series A round, with some of India's biggest cricket stars joining as investors.

Investors Blume ventures, V3 ventures, Mixi, Times internet
Gaming
FundingSeed

Spill Games

Mobile gaming startup Spill Games has raised $3.1 Mn (around ₹28 Cr) in its seed funding round co-led by Centre Court Capital and PeerCapital, along with participation from existing…

Casual and puzzle gaming
FundingPreferential issue of warrants

Nazara technologies

Gaming company Nazara Technologies has announced a Rs 500 crore fundraise through a preferential issue of warrants , according to a regulatory filing on Monday.

Investors Riambel Capital, S Gupta Family Investments, Plutus Investment and Holding, Classic enterprises
Gaming
M&AAcquisition · Announced

Morgan stanley asia acquires Nazara technologies

Morgan Stanley Asia Singapore Pte bought shares worth about Rs 69.2 crore in gaming firm Nazara Technologies through a block deal on Tuesday, exchange data showed.

Gaming
LaunchVisual AI Platform for e-commerce

Youzu

Youzu announced the commercial launch of the world’s first all-in-one Visual AI Platform for e-commerce — enabling online retailers to let shoppers search by image, visualize products in…

Visual Commerce Platform
M&AAcquisition · Announced

Zupee acquires Vertical tv

Delhi NCR-based gaming startup Zupee has acquired Mumbai-based microdrama startup Vertical TV to strengthen its short-video offering, sources told Inc42.

Microdrama startup
LaunchZupee Studio

Zupee

It also launched Zupee Studio, a short-form video platform designed for mobile-first audiences in Tier-2 and Tier-3 cities, featuring 1–3 minute mini-episodes across romance, drama,…

Short-form video platform
M&AAcquisition · Terminated

Shipping Agencies Services (SAS) acquires Moby

Italy's antitrust regulator said on Friday that Shipping Agencies Services (SAS), a unit of maritime group MSC, would drop its acquisition of a 49 per cent stake in ferry operator Moby…

Ferry operation
M&AAcquisition · Completed

Rush acquires Pixel Fusion

RUSH has acquired digital services firm Pixel Fusion, enhancing its managed services capabilities and extending its reach into new market sectors.

LaunchIndus Appstore

Indus Appstore

Indus Appstore, launched in 2024, now lists over 200,000 apps in 12 languages. Partnerships with Xiaomi, Nokia and Lava pre-installed the store on some devices from early this year,…

App Store
FundingSeries A

Ziffi Chess

Ziffi Chess, a startup that offers a fast-paced two-minute chess format, has raised INR 44.2 crore (about USD 5 million) in its Series A funding round.

Investors Tanglin Venture Partners, India quotient, DeVC, Symphysis LSV LLP
LaunchTechXpedite 3.0

Games24x7

Games24x7, today announced the third edition of its flagship accelerator program, TechXpedite.

Accelerator program
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Axana Estates LLP has acquired a 5.4% stake in online gaming company Nazara Technologies through a preferential issue of equity shares, according to a regulatory filing.

Funding

Eloelo

Venture capital firms Play Ventures, along with existing backers Westbridge and Kalaari, have shown strong conviction in the potential of live social entertainment startup Eloelo.…

Investors Play ventures, Westbridge, Kalaari
Social gaming and live streaming
M&AMerger · Announced

Sporta acquires Dream sports

The board at Dream11 India, in January, passed a special resolution to approve the merger of Dream Sports Inc. with Sporta Technologies Private Limited under Section 233 of the Companies…

M&A

Krafton acquires Nautilus mobile

In February 2022, Krafton made a strategic investment of Rs 40.5 crore in Nautilus.

Gaming
M&AAcquisition · Announced

Krafton India acquires Nautilus mobile

South Korean gaming giant KRAFTON’s India has bought a majority stake in Pune-based game studio Nautilus Mobile with an additional investment of INR 118 Cr (around $13.7 million).

Gaming
M&AAcquisition · Pending

Moonshine technologies acquires Nazara technologies

Nazara obtained the board’s nod to sell its 94.85% stake in its subsidiary Open Play to Moonshine Technologies, the parent of online poker platform Pokerbaazi, for INR 104.33 Cr.

M&AAcquisition

Norges bank acquires Nazara technologies

Norges Bank has bought 7.19 Lakh shares of gaming major Nazara Technologies via bulk deals

FundingPre-seed

Qila Games

Hybridcasual gaming startup Qila Games has raised $1 million in its pre‑seed funding round led by Chimera VC.

Investors Chimera VC
Gaming
Funding

Felicity games

mobile game publisher Felicity Games.

Mobile gaming
M&AAcquisition

Head digital works acquires Adda52

Head Digital Works added the online poker platform Adda52 to its portfolio.

Mobile companies in India, by revenue

Browse mobile companies in India 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 273 mobile companies in India 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 sports-related digital content, fantasy sports, and sports travel experiences

Sports tech
₹7,374.35 crFY 2024-25
-12%2024–2025
115+7% 12 mo to Aug 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Operator of a platform providing Rummy, Fantasy Sports, and Ludo

Sports tech
₹2,273.52 crFY 2023-24
Not reported
662-1% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
1postings · last posted Jul 2026

Provider of advertising solutions and platforms for brand building and growth

Mobile advertising
US$219.98mFY 2023-24
Not reported
501recorded
19 yr2007
—No postings tracked

Provider of diversified gaming and sports media platform

Mobile gaming
₹1,715.44 crFY 2024-25
+41%2024–2025
184+1% 12 mo to Mar 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of mobile ad fraud detection and analytics platform

Adtech
₹1,488.28 crFY 2022-23
Not reported
256-7% 12 mo to Sep 2024recorded Sep 2024
8 yr2018
0none in 3 months

Operator of an online platform providing real money skill-based gaming

Esports
US$166.72mFY 2024-25
Not reported
618-26% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Apr 2026

Operator of digital platforms providing skill based board game applications

Mobile gaming
₹1,174.77 crFY 2023-24
+36%2023–2024
514+33% 12 mo to Jul 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of online skill-based gaming platforms

Gambling tech
₹804.17 crFY 2024-25
Not reported
351+23% 12 mo to Aug 2023LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted May 2026

Digital platform offering a wide range of online games with monetization options and social features

Esports
₹690.71 crFY 2022-23
+182%2022–2023
459-83% vs previous recordLinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Nov 2025

Developer of online games for mobile devices and social platforms

Mobile gaming
₹622.37 crFY 2024-25
+28%2024–2025
359+45% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
6postings · last posted Aug 2026

Developer of an AI-powered shopping agent providing personalized style inspiration

Vernacular platforms
US$73.11mFY 2023-24
+89%2023–2024
1,053+14% 12 mo to Oct 2023LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Mobile content services in APAC

Mobile app studios
₹578.29 crFY 2024-25
+8%2024–2025
1,038-11% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Reward-based online gaming platform for various games

Mobile gaming
₹566.56 crFY 2024-25
+46%2024–2025
159-13% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Provider of blockchain based mobile gaming platform

Mobile gaming
US$46.84mFY 2023-24
+150%2023–2024
387LinkedIn · Jul 2026
14 yr2012
1postings · last posted Jul 2026

AI powered video advertising platform

Adtech
₹385.70 crFY 2024-25
+12%2024–2025
381+20% 12 mo to Mar 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of digital entertainment experiences across gaming, esports, music, and sports

Mobile gaming
₹382.82 crFY 2024-25
+51%2024–2025
262-20% 12 mo to Aug 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Aug 2022

Online platform for connecting users with voice chat and live games

Social platforms
₹197.76 crFY 2024-25
+167%2024–2025
261+192% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
7postings · last posted Sep 2026

Provider of AI-based photo editing application

Online photos
₹146.72 crFY 2024-25
+145%2024–2025
—Not available
2 yr2024
0none in 3 months

Provider of AI-driven mobile adtech and IoT platform solutions

Adtech
₹121.99 crFY 2024-25
+4%2024–2025
128+7% 12 mo to Aug 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of an AI-based SMS management app

Mobile utility tools
₹113.83 crFY 2023-24
Not reported
1-27% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of mobile-based casual games

Mobile gaming
₹87.20 crFY 2022-23
-8%2022–2023
—Not available
8 yr2018
0none in 3 months

Manufacturer of gaming accessories

Internet first media
₹83.97 crFY 2022-23
+2647%2022–2023
87-92% vs previous recordrecorded
5 yr2021
—No postings tracked

Provider of all in one solutions for all app growth and app monetization requirement

Gaming tech
₹80.14 crFY 2024-25
-15%2024–2025
91-44% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
2postings · last posted Jul 2026

Developer of digital products and applications for consumers

Mobile app studios
₹67.44 crFY 2024-25
+176%2024–2025
1,200LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Casino-based gaming platform for browser devices

Mobile gaming
₹66.54 crFY 2024-25
-15%2024–2025
26-46% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months
50 of 1,717 companies shown here · the full list is on Radar
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Explore mobile companies in India by what you are looking for

Browse mobile companies in India, from mobile gaming studios and mobile app developers to mobile advertising and messaging apps. Find the top mobile app companies and startups building for phones.

9 ways to explore mobile in India

Mobile gaming companies & game developersMessaging, calling & social appsMobile utility & personalisation appsMobile app development companies & studiosMobile advertising & app growth companiesOnline gambling, fantasy sports & NFT gaming

Mobile gaming companies & game developers

Studios and platforms building mobile games, real money gaming and casual games.

  1. Dream Sports

    Provider of sports-related digital content, fantasy sports, and sports travel experiences

    Sports tech
    See in list
  2. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  3. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  4. MPL

    Operator of an online platform providing real money skill-based gaming

    Esports
    See in list
  5. Zupee

    Operator of digital platforms providing skill based board game applications

    Mobile gaming
    See in list

Messaging, calling & social apps

Companies behind chat, calling, video and social apps for mobile users.

  1. FRND

    Online platform for connecting users with voice chat and live games

    Social platforms
    See in list
  2. Chingari

    Platform offering live streaming, gaming, and social interaction with rewards for creators and users

    Social platforms
    See in list
  3. Clarity

    Online counselling platform for mental health support

    Social platforms
    See in list
  4. Voice Club

    Provider of audio-calling companion app

    Social platforms
    Website
  5. MemeChat

    Online platform offering solutions for creation of memes

    Social platforms
    Website

Mobile utility & personalisation apps

Keyboards, themes, wallpapers, security and other utility apps for phones.

  1. Glance

    Developer of an AI-powered shopping agent providing personalized style inspiration

    Vernacular platforms
    See in list
  2. Kyte

    Provider of an AI-based SMS management app

    Mobile utility tools
    See in list
  3. ClusterDev

    Vernacular keyboards application

    Mobile utility tools
    See in list
  4. PikaPika App

    Provider of parental control app

    K-12 edtech
    See in list
  5. Bobble AI

    Developer of keyboard-as-a-platform offering branding, marketing, and data solutions

    Mobile utility tools
    See in list

Mobile app development companies & studios

Mobile app studios and developers building Android and iOS apps for clients.

  1. Verve Mobile

    Mobile app studio

    Mobile app studios
    See in list
  2. Artoon Solutions

    Mobile app studio

    Mobile app studios
    See in list
  3. Quantum4U

    Mobile app studio developing utility apps

    Mobile app studios
    Website
  4. Innofied

    Mobile app and web development company making apps for consumers & businesses

    Mobile app studios
    Website
  5. Staple logic

    Mobile App Studio

    Mobile app studios
    Website

Mobile advertising & app growth companies

Mobile ad networks, adtech and app distribution and monetisation platforms.

  1. InMobi

    Provider of advertising solutions and platforms for brand building and growth

    Mobile advertising
    See in list
  2. mFaaS

    Provider of mobile ad fraud detection and analytics platform

    Adtech
    See in list
  3. Glance

    Developer of an AI-powered shopping agent providing personalized style inspiration

    Vernacular platforms
    See in list
  4. Silver Push

    AI powered video advertising platform

    Adtech
    See in list
  5. MoMAGIC Technologies

    Provider of AI-driven mobile adtech and IoT platform solutions

    Adtech
    See in list

Online gambling, fantasy sports & NFT gaming

Casino, fantasy and blockchain gaming platforms.

  1. Dream Sports

    Provider of sports-related digital content, fantasy sports, and sports travel experiences

    Sports tech
    See in list
  2. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  3. MPL

    Operator of an online platform providing real money skill-based gaming

    Esports
    See in list
  4. Hike

    Provider of blockchain based mobile gaming platform

    Mobile gaming
    See in list
  5. Khiladi Adda

    Provider of an e-sports tournament and gaming platform

    Sports tech
    See in list

Mobile startups in India

Recently founded mobile app and gaming companies in India.

  1. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list
  2. Clarity

    Online counselling platform for mental health support

    Social platforms
    See in list
  3. Identa Innovations

    App-based platform providing mobile themes, icons, and widgets

    Mobile utility tools
    See in list
  4. HLIMATE INNOVATIONS

    Provider of a selfie camera and a photo editor app

    Mobile utility tools
    See in list
  5. Voice Club

    Provider of audio-calling companion app

    Social platforms
    Website
342 companies in India

Mobile companies hiring in India

Mobile companies that are currently recruiting.

  1. Games24x7

    Operator of a platform providing Rummy, Fantasy Sports, and Ludo

    Sports tech
    See in list
  2. MPL

    Operator of an online platform providing real money skill-based gaming

    Esports
    See in list
  3. WinZO

    Digital platform offering a wide range of online games with monetization options and social features

    Esports
    See in list
  4. Gameberry Labs

    Developer of online games for mobile devices and social platforms

    Mobile gaming
    See in list
  5. Hike

    Provider of blockchain based mobile gaming platform

    Mobile gaming
    See in list
35 companies in India

Listed mobile companies in India

Publicly listed mobile gaming and app companies.

  1. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  2. OnMobile

    Mobile content services in APAC

    Mobile app studios
    See in list
  3. 7Seas Entertainment

    Developer of online and mobile games across multiple genres

    Pc & console gaming
    See in list
  4. viaan industries

    Viaan Industries is a media and entertainment company.

    Mobile game developers
    Website
4 companies in India
Mobile reach

Top 10 mobile apps from India

The most-installed Android apps published by mobile companies headquartered in India — 3604.7M installs between them. 531 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Ludo King®

by Gametion

Installs1464.5M
Rating4.1610.3M ratings
Installs, year on year+18%
Last updatedJun 2026
View on Google Play ↗
Ludo King® screenshot 1Ludo King® screenshot 2Ludo King® screenshot 3Ludo King® screenshot 4Ludo King® screenshot 5Ludo King® screenshot 6
2

PLAYit-All in One Video Player

by PLAYit

Installs707.4M
Rating4.536.9M ratings
Installs, year on year+21%
Last updatedMay 2026
View on Google Play ↗
PLAYit-All in One Video Player screenshot 1PLAYit-All in One Video Player screenshot 2PLAYit-All in One Video Player screenshot 3PLAYit-All in One Video Player screenshot 4PLAYit-All in One Video Player screenshot 5PLAYit-All in One Video Player screenshot 6
3

Glance for realme

by Glance

Installs372.1M
Rating3.1597K ratings
Last updatedMay 2026
View on Google Play ↗
Glance for realme screenshot 1Glance for realme screenshot 2Glance for realme screenshot 3Glance for realme screenshot 4Glance for realme screenshot 5Glance for realme screenshot 6
4

DigiLocker

by DigiLocker

Installs174.4M
Rating3.92614K ratings
Installs, year on year+37%
Last updatedJun 2026
View on Google Play ↗
DigiLocker screenshot 1DigiLocker screenshot 2DigiLocker screenshot 3DigiLocker screenshot 4DigiLocker screenshot 5DigiLocker screenshot 6
5

Street Chaser

by iGold

Installs169.6M
Rating4.5356K ratings
Installs, year on year+12%
Last updatedJun 2026
View on Google Play ↗
Street Chaser screenshot 1Street Chaser screenshot 2Street Chaser screenshot 3Street Chaser screenshot 4Street Chaser screenshot 5Street Chaser screenshot 6
6

Parchisi STAR Online

by Gameberry Labs

Installs163.2M
Rating4.683.3M ratings
Installs, year on year+11%
Last updatedJun 2026
View on Google Play ↗
Parchisi STAR Online screenshot 1Parchisi STAR Online screenshot 2Parchisi STAR Online screenshot 3Parchisi STAR Online screenshot 4Parchisi STAR Online screenshot 5Parchisi STAR Online screenshot 6
8

Crafto

by Crafto

Installs139.0M
Rating4.57963K ratings
Last updatedJun 2026
View on Google Play ↗
Crafto screenshot 1Crafto screenshot 2Crafto screenshot 3Crafto screenshot 4
9

Livetalk - Live Video Chat

by Videokar

Installs138.7M
Rating3.8270K ratings
Installs, year on year+13%
Last updatedDec 2025
View on Google Play ↗
Livetalk - Live Video Chat screenshot 1Livetalk - Live Video Chat screenshot 2Livetalk - Live Video Chat screenshot 3Livetalk - Live Video Chat screenshot 4Livetalk - Live Video Chat screenshot 5
10

Elo TV: Watch Short Stories

by Eloelo

Installs120.6M
Rating4.06358K ratings
Last updatedMay 2026
View on Google Play ↗
Elo TV: Watch Short Stories screenshot 1Elo TV: Watch Short Stories screenshot 2Elo TV: Watch Short Stories screenshot 3Elo TV: Watch Short Stories screenshot 4Elo TV: Watch Short Stories screenshot 5Elo TV: Watch Short Stories screenshot 6
The business behind the activity

Mobile financials in India

Revenue, profit and growth from the filed annual accounts of 230 mobile companies in India for FY24-25 — 317 of the 1,717 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹11,692.16 cr

230 companies filing accounts

combined net profit−₹689.30 cr

-5.9% aggregate margin

are profitable45%

103 of 230 companies

median revenue~₹93 lakh

the typical company

median revenue growth-5%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,281.72 crFY19-20181 filers
₹6,087.09 crFY20-21200 filers
₹8,436.04 crFY21-22211 filers
₹14,392.38 crFY22-23221 filers
₹17,365.72 crFY23-24230 filers
₹11,692.16 crFY24-25230 filers

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

Like-for-like

The same 180 companies over three years

+13%
FY22-23₹10,037.13 cr−₹62.01 cr net
FY23-24₹11,999.66 cr₹897.58 cr net
FY24-25₹11,359.79 cr−₹669.78 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 cr11626% profitable
₹1–10 cr6662% profitable
₹10–100 cr3868% profitable
₹100–1,000 cr967% profitable
Over ₹1,000 cr10% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking110
0–20%29
20–50%22
50–100%11
Doubled+30

202 companies with accounts for both years; median growth -5%.

Profitability

Profit is concentrated at the top

103profitable
127loss-making
-5.9%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
TamashaGAMEPE TECHNOLOGIES PRIVATE LIMITED
Flecks LabsFLECKSLABS TECHNOLOGY PRIVATE LIMITED+802%
Voice ClubCAPSLOCK MARKETPLACES PRIVATE LIMITED+425%
LokalBEHTAR TECHNOLOGY PRIVATE LIMITED+176%₹67.44 cr
FRNDINTERACT GROUP PRIVATE LIMITED+167%₹197.76 cr
Pixora, CraftoPRIMETRACE TECHNOLOGIES PRIVATE LIMITED+145%₹146.72 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED
Quantum4u Lab, Quantum4UQUANTUM4U LAB PRIVATE LIMITED32.8%₹10.28 cr
NazaraNazara Technologies Limited27.8%₹100.86 cr
Verve MobileVERVE MOBILE PRIVATE LIMITED
DreamHQDREAM HQ LABS PRIVATE LIMITED
Flecks LabsFLECKSLABS TECHNOLOGY PRIVATE LIMITED15.9%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Mobile gaming130₹1,392.93 cr~₹54 lakh45%-9.8%
Mobile app studios20₹393.89 cr~₹1.4 cr45%0.5%
Social platforms5₹305.48 cr~₹36.5 cr60%-2.0%
Adtech9₹194.71 cr~₹2.8 cr33%-3.5%
Mobile advertising12₹144.74 cr~₹2.4 cr58%-4.5%
Mobile utility tools11₹135.83 cr~₹10.3 cr27%-27.8%
Pc & console gaming11₹87.44 cr~₹1.9 cr45%-10.2%
Communication apps12₹7.78 cr~₹7 lakh33%-266.2%
Leaders

Largest mobile companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED₹7,333.06 cr−₹428.40 cr-5.8%-12%
Head Digital WorksHead Digital Works Private Limited₹804.17 cr−₹63.67 cr-7.9%-9%
RushCEDENT PRIVATE LIMITED₹566.56 cr−₹134.71 cr-23.8%+46%
GlanceGLANCE DIGITAL EXPERIENCE PRIVATE LIMITED₹494.20 cr₹10.57 cr2.1%+0%
Witzeal TechnologiesWITZEAL TECHNOLOGIES PRIVATE LIMITED₹285.26 cr₹10.58 cr3.7%+29%
OnMobile, OnmoONMOBILE GLOBAL LIMITED₹249.85 cr₹8.45 cr3.4%+27%
FRNDINTERACT GROUP PRIVATE LIMITED₹197.76 cr₹1.98 cr1.0%+167%
Pixora, CraftoPRIMETRACE TECHNOLOGIES PRIVATE LIMITED₹146.72 cr₹11.97 cr8.2%+145%
Silver PushSILVEREDGE TECHNOLOGIES PRIVATE LIMITED₹102.31 cr−₹3.85 cr-3.8%-12%
NazaraNazara Technologies Limited₹100.86 cr₹28.04 cr27.8%+49%
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 mobile 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 mobile landscape of India
For investors and data teams

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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

Mobile funding and M&A across India

445 recorded equity rounds have gone to 2,942 mobile 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 months7

US$28.77m

equity rounds, last 24 months28

US$85.60m

raised over five yearsUS$2.02bn

168 rounds in India

M&A deals, India63

last 24 months

Capital by year

Equity funding into mobile in India

amount rounds
$152m201834
$178m201939
$356m202042
$1.4bn202156
$488m202243
$73m202325
$34m202423
$52m202517
$22m20264

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.35bn across 56 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.47m17 rounds · median US$66k
SeedUS$102.36m91 rounds · median US$976k
Series AUS$220.53m25 rounds · median US$10.00m
Series BUS$214.63m18 rounds · median US$11.33m
Series CUS$169.02m6 rounds · median US$12.85m
Series D+US$1.31bn11 rounds · median US$50.46m
Where the money went · five years

Most-funded sub-sectors

Sports techUS$933.04m4 rounds · 2 companies
EsportsUS$335.72m8 rounds · 2 companies
Mobile gamingUS$285.39m79 rounds · 47 companies
Vernacular platformsUS$200.00m1 rounds · 1 companies
Social platformsUS$107.57m16 rounds · 6 companies
Mobile app studiosUS$58.78m7 rounds · 5 companies
Pc & console gamingUS$28.33m16 rounds · 11 companies
Corporate activity · last 24 months

M&A in India

60Acquisition
2Merger
1Undisclosed

Most active acquirers

  1. Nazara technologies37
  2. Axana Estates LLP7
  3. Head digital works3
  4. Rush2
  5. Zupee2

Most acquired or merged

  1. Nazara technologies10
  2. Nautilus mobile3
  3. Curve digital2
  4. Absolute sports2
  5. Head digital works2

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

Mobile funding in India

130 mobile companies in India have recorded equity funding, US$3.51bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind mobile companies in India. 707 of 1,717 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India mobile companies by sub-sector

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

Keep exploring mobile in India and nearby markets.

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