Company lists
The Maharashtra edition · 2026

Mobilecompanies in Maharashtra

Gaming, app development, messaging apps, utility apps, mobile advertising and more: the companies building mobile in Maharashtra, with their founders, funding, team size and business models.

314 company profiles61 with reported revenue31 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent mobile business events in Maharashtra

Funding, M&A, contract wins and launches involving 500 mobile companies in Maharashtra, last 24 months: 48 M&A deals · 12 funding rounds · 4 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
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
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
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.

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&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

M&AAcquisition · Announced

Axana Estates LLP, Plutus Wealth Management LLP, Junomoneta Finsol Private Limited acquires Nazara technologies

Axana Estates LLP, Plutus Wealth Management LLP, along with Junomoneta Finsol Private Limited made an Open Offer to acquire equity shares in Nazara Technologies Ltd.

Gaming
M&AAcquisition · Announced

Axana Estates acquires Nazara technologies

Nazara Technologies announced on Monday its plans to secure Rs 495 crore through a 5.4% stake sale to Axana Estates, an entity established by the company's current investors.

Gaming & Media
M&AAcquisition · Announced

Axana Estates & Plutus Wealth Management acquires Nazara technologies

The transaction, which is priced at Rs 990 per share, has triggered an open offer wherein Plutus Wealth Management and Axana Estates, along with persons acting in concert (PAC), will…

Gaming & Media
M&AAcquisition · Announced

Axana Estates LLP acquires Nazara technologies

Nazara Technologies has raised INR 495 crore by selling a 5.4% stake to Axana Estates LLP, led by existing investors Arpit Khandelwal and Mithun Sacheti.

M&AAcquisition · Announced

Axana Estates LLP and Plutus Wealth Management LLP acquires Nazara technologies

Nazara Technologies Ltd, a leading diversified gaming and sports media platform, has announced an open offer for up to 26% of its equity shares.

M&AAcquisition · Announced

Axana Estates and Plutus Wealth Management, along with Junomoneta Finsol acquires Nazara technologies

Axana Estates and Plutus Wealth Management, along with Junomoneta Finsol, have made an open offer to acquire up to a 26% stake in Nazara Technologies Ltd.

Gaming
LaunchTechXpedite

Games24x7

Games24x7, India’s most user-centric, scientific, and innovative online gaming company, announced the launch of the second edition of its accelerator program, TechXpedite, aimed at…

Accelerator program

Mobile companies in Maharashtra, by revenue

Browse mobile companies in Maharashtra 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 61 mobile companies in 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 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 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 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

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

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 advertising technology stacks and consumer intelligence data platforms

Mobile advertising
₹62.64 crFY 2024-25
-24%2024–2025
164+2% 12 mo to Jul 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Mobile game development company

Mobile gaming
₹42.78 crFY 2024-25
-1%2024–2025
10+12% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Mobile game development studio specializing in adventure and action games

Mobile gaming
₹36.24 crFY 2024-25
+6%2024–2025
79-14% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
6postings · last posted Sep 2026

Operator of a platform for fantasy sports and casual games

Esports
₹30.43 crFY 2024-25
-45%2024–2025
76-40% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Developer of mobile-based multi-genre games

Mobile gaming
₹28.08 crFY 2024-25
-15%2024–2025
110-14% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Developer of mobile-based casual video games

Mobile gaming
₹16.23 crFY 2024-25
-7%2024–2025
85-6% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months · last posted Jun 2026

Provides a cloud based location advertising platform

Adtech
₹15.05 crFY 2024-25
-42%2024–2025
—Not available
36 yr1990
0none in 3 months

Online platform offering solutions for creation of memes

Social platforms
₹13.11 crFY 2024-25
+17%2024–2025
119+30% 12 mo to Jun 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Sep 2025

Anti theft solutions provider

Cybersecurity
₹7.28 crFY 2024-25
-3%2024–2025
—Not available
7 yr2019
0none in 3 months

Developer of mobile games

Mobile gaming
₹6.51 crFY 2024-25
+30%2024–2025
30LinkedIn · Jul 2026
7 yr2019
1postings · last posted Jul 2026

Mobile gaming app studio

Mobile gaming
₹5.27 crFY 2024-25
-18%2024–2025
10-19% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Game development studio primarily focusing on the outsourced development of games

Mobile gaming
₹3.72 crFY 2024-25
-9%2024–2025
39LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Mobile-based anti theft and phone tracking solution provider

Cybersecurity
₹2.99 crFY 2021-22
Not reported
—Not available
12 yr2014
0none in 3 months

Password storage and manager app

Cybersecurity
₹2.89 crFY 2021-22
Not reported
23+28% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Mobile and web apps developer

Mobile app studios
₹2.92 crFY 2024-25
-11%2024–2025
56+21% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Independent mobile game development company

Mobile gaming
₹2.36 crFY 2024-25
-40%2024–2025
2LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Online platform offering a wide range of enigmas and riddles with answers to improve logical thinking and problem-solving skills.

Mobile gaming
₹2.32 crFY 2024-25
+47%2024–2025
28LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of mobile-based casual video games

Mobile gaming
₹1.49 crFY 2024-25
+67%2024–2025
17LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Mobile video advertising platform

Mobile advertising
₹1.38 crFY 2024-25
-95%2024–2025
58+31% 12 mo to Aug 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months
50 of 314 companies shown here · the full list is on Radar
Fliar Radar

Explore all 314 mobile companies in Maharashtra on Radar

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

Open mobile in Maharashtra on Radar
  • Every company, not just 50All 314 mobile companies in Maharashtra, 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 mobile companies in Maharashtra by what you are looking for

Browse the top mobile companies in Maharashtra, from mobile gaming studios to messaging apps and app developers. You can also find mobile startups in Maharashtra and mobile companies hiring right now.

7 ways to explore mobile in Maharashtra

Mobile gaming companies & game developersMobile app development studios & toolsMessaging & communication appsMobile utility & security appsMobile advertising & adtech companiesMobile startups in Maharashtra

Mobile gaming companies & game developers

Studios and platforms that build and publish mobile games, from casual titles to fantasy sports and rummy.

  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. JetSynthesys

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

    Mobile gaming
    See in list
  5. HungamaGames

    Mobile game developer focusing on cricket games

    Mobile gaming
    Website

Mobile app development studios & tools

Teams that design and build mobile and web apps, plus low-code and development tools.

  1. 23spaces

    Mobile app studio which develops internet based social products

    Mobile app studios
    Website
  2. Abraca-dabra

    Mobile apps development studio

    Mobile app studios
    Website
  3. Hummingbird Web Solutions

    Hummingbird Web Solutions, the free-minded people, were never meant for the monotonous routines of big IT companies.

    Saas
    Website
  4. prodio designworks

    Prodio DesignWorks specializes in product strategy, UX design, web design, mobile application, SaaS website, and digital marketing services.

    Enterprise software
    Website
  5. devlogic technologies pvt ltd

    DevLogic is a web application development company. Our apps are business-driven, user-focused, and highly innovative

    Saas
    Website

Messaging & communication apps

Chat, calling and social apps that connect people on mobile.

  1. MemeChat

    Online platform offering solutions for creation of memes

    Social platforms
    See in list
  2. Ohai

    Hyperlocal social networking app

    Communication apps
    See in list
  3. FreiChat

    SaaS-based platform for messaging and calling

    Communication apps
    Website
  4. sprect

    Communication platform for connecting with professionals

    Communication apps
    Website
  5. Postagic

    Provider of a social media application

    Communication apps
    Website

Mobile utility & security apps

Phone tools such as dialers, contact managers, password managers and anti-theft apps.

  1. Kyte

    Provider of an AI-based SMS management app

    Mobile utility tools
    See in list
  2. Absolute Soft System

    Anti theft solutions provider

    Cybersecurity
    See in list
  3. I Locate Mobile

    Mobile-based anti theft and phone tracking solution provider

    Cybersecurity
    See in list
  4. Passdiary

    Password storage and manager app

    Cybersecurity
    See in list
  5. InTouchApp

    Contact management app on multiple mobile platforms

    Sales force automation
    See in list

Mobile advertising & adtech companies

Ad networks and platforms that help brands reach customers on mobile.

  1. Vserv

    Provider of advertising technology stacks and consumer intelligence data platforms

    Mobile advertising
    See in list
  2. UPDATE GEOTARGET

    Provides a cloud based location advertising platform

    Adtech
    See in list
  3. mCanvas

    Mobile video advertising platform

    Mobile advertising
    See in list
  4. PLAKC

    In-game advertising and marketing platform

    Mobile advertising
    Website
  5. Local Offerwala

    App-based platform offering deals on multi-category products from local stores

    Adtech
    Website

Mobile startups in Maharashtra

Recently founded mobile companies in Maharashtra.

  1. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list
  2. Elixir Gamelabs

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
  3. Triple Tap Games

    Game development studio

    Mobile gaming
    See in list
  4. SWIRLGOAL GAMES

    Provider of online gaming applications like carrom 365 and sapsidi 365 for a fun and earning experiences

    Mobile gaming
    See in list
  5. sprect

    Communication platform for connecting with professionals

    Communication apps
    Website
53 companies in Maharashtra

Mobile companies hiring in Maharashtra

Mobile companies in Maharashtra with open roles.

  1. Games24x7

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

    Sports tech
    See in list
  2. JetSynthesys

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

    Mobile gaming
    See in list
  3. Rendered Ideas

    Mobile game development studio specializing in adventure and action games

    Mobile gaming
    See in list
  4. Games2win Media

    Developer of mobile-based multi-genre games

    Mobile gaming
    See in list
  5. Gametion

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
13 companies in Maharashtra
Mobile reach

Top 10 mobile apps from Maharashtra

The most-installed Android apps published by mobile companies headquartered in Maharashtra — 2095.3M installs between them. 91 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

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
3

MaskGun: FPS Shooting Gun Game

by June Gaming

Installs102.6M
Rating4.0615K ratings
Installs, year on year+9%
Last updatedOct 2025
View on Google Play ↗
MaskGun: FPS Shooting Gun Game screenshot 1MaskGun: FPS Shooting Gun Game screenshot 2MaskGun: FPS Shooting Gun Game screenshot 3MaskGun: FPS Shooting Gun Game screenshot 4MaskGun: FPS Shooting Gun Game screenshot 5MaskGun: FPS Shooting Gun Game screenshot 6
4

World Robot Boxing

by RelianceGames

Installs83.3M
Rating4.452.4M ratings
Last updatedJun 2026
View on Google Play ↗
World Robot Boxing screenshot 1World Robot Boxing screenshot 2World Robot Boxing screenshot 3World Robot Boxing screenshot 4World Robot Boxing screenshot 5World Robot Boxing screenshot 6
5

JioChat Messenger & Video Call

by Jiochat

Installs79.6M
Rating4.14507K ratings
Installs, year on year+2%
Last updatedMar 2026
View on Google Play ↗
JioChat Messenger & Video Call screenshot 1JioChat Messenger & Video Call screenshot 2JioChat Messenger & Video Call screenshot 3JioChat Messenger & Video Call screenshot 4JioChat Messenger & Video Call screenshot 5JioChat Messenger & Video Call screenshot 6
6

World Of Carrom :3D Board Game

by AppOn

Installs58.7M
Rating4.595K ratings
Installs, year on year+18%
Last updatedMay 2026
View on Google Play ↗
World Of Carrom :3D Board Game screenshot 1World Of Carrom :3D Board Game screenshot 2World Of Carrom :3D Board Game screenshot 3World Of Carrom :3D Board Game screenshot 4World Of Carrom :3D Board Game screenshot 5World Of Carrom :3D Board Game screenshot 6
7

Jungle Adventures

by Rendered Ideas

Installs56.5M
Rating4.66176K ratings
Installs, year on year+4%
Last updatedMar 2026
View on Google Play ↗
Jungle Adventures screenshot 1Jungle Adventures screenshot 2Jungle Adventures screenshot 3
8

T20 Cricket Champions 3D

by Zapak

Installs48.7M
Rating3.7168K ratings
Last updatedJun 2026
View on Google Play ↗
T20 Cricket Champions 3D screenshot 1T20 Cricket Champions 3D screenshot 2T20 Cricket Champions 3D screenshot 3T20 Cricket Champions 3D screenshot 4T20 Cricket Champions 3D screenshot 5T20 Cricket Champions 3D screenshot 6
9

Indian Train Simulator Express

by Bajake studios

Installs35.0M
Rating4.0949K ratings
Installs, year on year+2%
Last updatedDec 2024
View on Google Play ↗
Indian Train Simulator Express screenshot 1Indian Train Simulator Express screenshot 2Indian Train Simulator Express screenshot 3Indian Train Simulator Express screenshot 4Indian Train Simulator Express screenshot 5Indian Train Simulator Express screenshot 6
The business behind the activity

Mobile financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 53 mobile companies in Maharashtra for FY24-25 — 76 of the 314 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₹7,735.23 cr

53 companies filing accounts

combined net profit−₹392.45 cr

-5.1% aggregate margin

are profitable45%

24 of 53 companies

median revenue~₹59 lakh

the typical company

median revenue growth-10%

into FY24-25

earned by the top five98%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,542.55 crFY19-2042 filers
₹4,526.97 crFY20-2147 filers
₹5,763.29 crFY21-2248 filers
₹9,300.54 crFY22-2354 filers
₹11,234.65 crFY23-2454 filers
₹7,735.23 crFY24-2553 filers

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

Like-for-like

The same 40 companies over three years

+9%
FY22-23₹7,041.72 cr₹228.10 cr net
FY23-24₹8,728.57 cr₹1,226.18 cr net
FY24-25₹7,703.83 cr−₹386.79 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 cr3132% profitable
₹1–10 cr1164% profitable
₹10–100 cr967% profitable
₹100–1,000 cr1100% 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

Shrinking29
0–20%6
20–50%5
50–100%1
Doubled+5

46 companies with accounts for both years; median growth -10%.

Profitability

Profit is concentrated at the top

24profitable
29loss-making
-5.1%aggregate margin
-5.8%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
NazaraNazara Technologies Limited+49%₹100.86 cr
MemeChatMEME CHAT PRIVATE LIMITED+17%₹13.11 cr
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED+6%₹36.24 cr
June GamingJUNE GAMING PRIVATE LIMITED-1%₹42.78 cr
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED-7%₹16.23 cr
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED-12%₹7,333.06 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED43.4%₹36.24 cr
NazaraNazara Technologies Limited27.8%₹100.86 cr
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED11.7%₹16.23 cr
June GamingJUNE GAMING PRIVATE LIMITED7.9%₹42.78 cr
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED4.2%₹28.08 cr
Mauj MobileMAUJ MOBILE PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Mobile gaming33₹251.90 cr~₹47 lakh48%17.8%
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%
NazaraNazara Technologies Limited₹100.86 cr₹28.04 cr27.8%+49%
VservVSERV DIGITAL SERVICES PRIVATE LIMITED₹62.54 cr−₹3.62 cr-5.8%-19%
June GamingJUNE GAMING PRIVATE LIMITED₹42.78 cr₹3.39 cr7.9%-1%
Rendered IdeasRENDERED IDEAS SOFTGAME PRIVATE LIMITED₹36.24 cr₹15.72 cr43.4%+6%
PlayerzPotPLAYERZPOT MEDIA PRIVATE LIMITED₹30.43 cr−₹72.65 lakh-2.4%-45%
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED₹28.08 cr₹1.19 cr4.2%-15%
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED₹16.23 cr₹1.90 cr11.7%-7%
UPDATE GEOTARGETUPDATE ADVERTISING AND MARKETING PRIVATE LIMITED₹15.05 cr−₹4.24 cr-28.2%-42%
Mauj MobileMAUJ MOBILE PRIVATE LIMITED
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.

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

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 Maharashtra 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, Maharashtra48

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 Maharashtra

46Acquisition
2Merger

Most active acquirers

  1. Nazara technologies37
  2. Axana Estates LLP7
  3. Morgan stanley1
  4. Sporta1
  5. Moonshine technologies1

Most acquired or merged

  1. Nazara technologies10
  2. Curve digital2
  3. Absolute sports2
  4. Pokerbaazi2
  5. Rusk media1

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

Mobile funding in Maharashtra

31 mobile companies in Maharashtra have recorded equity funding, US$1.35bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind mobile companies in Maharashtra. 142 of 314 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra mobile companies by sub-sector

The most common specialisations among mobile companies in Maharashtra. 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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