Company lists
The Mumbai edition · 2026

Mobilecompanies in Mumbai

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

156 company profiles43 with reported revenue26 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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
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 Mumbai, by revenue

Browse mobile companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 43 companies below are the largest by their most recent reported revenue among 43 mobile companies in Mumbai, 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 43

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
0none in 3 months · 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 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 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
4postings · 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

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

Independent mobile game development company

Mobile gaming
₹2.36 crFY 2024-25
-40%2024–2025
2LinkedIn · Jul 2026
12 yr2014
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

Provider of online gaming platform

Mobile gaming
₹1.31 crFY 2023-24
+3959%2023–2024
108-94% 12 mo to Oct 2021LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Developer of mobile-based casual video games

Mobile gaming
₹86.95 lakhFY 2024-25
-23999%2024–2025
—Not available
4 yr2022
1postings · last posted Sep 2026

Developer, publisher and distributor of mobile games

Mobile gaming
₹71.74 lakhFY 2024-25
-63%2024–2025
26+21% vs previous recordLinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted May 2026

Upcoming game developer

Mobile gaming
₹68.64 lakhFY 2024-25
-34%2024–2025
—Not available
10 yr2016
0none in 3 months

Mobile Media company with focus on mobile gaming and content marketplaces

Mobile app distribution
₹58.39 lakhFY 2021-22
Not reported
38-50% 12 mo to Jul 2023LinkedIn · Jul 2026
20 yr2006
—No postings tracked

Developer of HTML5 games across arcade, cooking, educational, and baby genres

Pc & console gaming
₹60.96 lakhFY 2024-25
-32%2024–2025
36LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Feb 2023

Games Developer

Mobile gaming
₹47.30 lakhFY 2024-25
-15%2024–2025
—Not available
20 yr2006
0none in 3 months

Developer of mobile games and provider of game development services

Pc & console gaming
₹36.99 lakhFY 2023-24
-64%2023–2024
39-67% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months
43 of 156 companies shown here · the full list is on Radar
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Explore mobile companies in Mumbai by what you are looking for

Browse mobile companies in Mumbai, from mobile game developers to mobile app studios and mobile advertising firms. Find mobile app development companies, mobile gaming companies and mobile startups in Mumbai.

8 ways to explore mobile in Mumbai

Mobile game developers & gaming companiesMobile app development companies & studiosMessaging & communication app companiesMobile utility & security app companiesMobile advertising & adtech companiesMobile app distribution & discovery companies

Mobile game developers & gaming companies

Mobile game developers, publishers and fantasy sports and 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. Nazara

    Provider of diversified gaming and sports media platform

    Mobile gaming
    See in list
  4. HungamaGames

    Mobile game developer focusing on cricket games

    Mobile gaming
    Website
  5. Brandscale Innovations

    Manufacturer of gaming accessories

    Internet first media
    See in list

Mobile app development companies & studios

Mobile app studios and app development partners building iOS and Android apps.

  1. 23spaces

    Mobile app studio which develops internet based social products

    Mobile app studios
    Website
  2. prodio designworks

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

    Enterprise software
    Website
  3. CelerStudio

    A Mobile App Studio developing apps on IOS platform.

    Mobile app studios
    Website
  4. iConnect Info Solutions Pvt Ltd

    Your MVP / Mobile App Development Partner

    Enterprise software
    Website
  5. OnePixll UX Agency

    Simplifying Human-Technology Interaction

    Application development tools
    Website

Messaging & communication app companies

Chat, calling and social messaging apps.

  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. Bakbuck

    Social networking platform for participating in daily based contests

    Mobile gaming
    Website
  5. sprect

    Communication platform for connecting with professionals

    Communication apps
    See in list

Mobile utility & security app companies

Phone utility apps such as dialers, caller ID, contacts managers and mobile security.

  1. Kyte

    Provider of an AI-based SMS management app

    Mobile utility tools
    See in list
  2. I Locate Mobile

    Mobile-based anti theft and phone tracking solution provider

    Cybersecurity
    See in list
  3. ContSync

    Provider of a phonebook and contacts sharing app

    Mobile utility tools
    Website
  4. MagTapp

    Provider of visual app used as dictionary and a web browser

    Mobile utility tools
    See in list
  5. HexaVault

    Password manager application

    Cybersecurity
    Website

Mobile advertising & adtech companies

Mobile ad networks, in-app advertising and marketing technology.

  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. Moca Tech

    Mobile-based ad serving platform

    Mobile advertising
    Website

Mobile app distribution & discovery companies

App stores, app discovery and reward platforms that help distribute mobile apps.

  1. AppsDaily

    Offline Retail Distribution of Mobile Apps

    Mobile app distribution
    Website
  2. Mauj Mobile

    Mobile Media company with focus on mobile gaming and content marketplaces

    Mobile app distribution
    See in list
  3. CashBoss

    Mobile application to earn rewards for installing mobile apps

    Mobile app distribution
    Website
  4. OHO Money

    Mobile app discovery and micro-jobs platform

    Mobile app distribution
    Website
  5. AppVersal

    App Store Optimization platform

    Marketingtech
    Website
8 companies in Mumbai

Mobile startups in Mumbai

Newer mobile companies in Mumbai founded in recent years.

  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. sprect

    Communication platform for connecting with professionals

    Communication apps
    See in list
  5. KarmaPlay

    Reward-based gaming platform for quiz games

    Mobile gaming
    See in list
24 companies in Mumbai

Mobile companies hiring in Mumbai

Mobile companies in Mumbai with open roles right now.

  1. Games24x7

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

    Sports tech
    See in list
  2. Rendered Ideas

    Mobile game development studio specializing in adventure and action games

    Mobile gaming
    See in list
  3. Games2win Media

    Developer of mobile-based multi-genre games

    Mobile gaming
    See in list
  4. Gametion

    Developer of mobile-based casual video games

    Mobile gaming
    See in list
  5. MemeChat

    Online platform offering solutions for creation of memes

    Social platforms
    See in list
10 companies in Mumbai
Mobile reach

Top 10 mobile apps from Mumbai

The most-installed Android apps published by mobile companies headquartered in Mumbai — 1745.7M installs between them. 46 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

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
3

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
4

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
6

Track Any Phone

by I Locate Mobile

Installs19.6M
Rating4.39227K ratings
Installs, year on year+47%
Last updatedJun 2026
View on Google Play ↗
Track Any Phone screenshot 1Track Any Phone screenshot 2Track Any Phone screenshot 3Track Any Phone screenshot 4Track Any Phone screenshot 5Track Any Phone screenshot 6
7

My Home Makeover: House Design

by Holy Cow Studio

Installs19.4M
Rating4.4895K ratings
Installs, year on year+15%
Last updatedDec 2025
View on Google Play ↗
My Home Makeover: House Design screenshot 1My Home Makeover: House Design screenshot 2My Home Makeover: House Design screenshot 3My Home Makeover: House Design screenshot 4My Home Makeover: House Design screenshot 5My Home Makeover: House Design screenshot 6
8

JioGames: Play, Win, Stream

by JioGames

Installs17.5M
Rating3.8553K ratings
Installs, year on year+12%
Last updatedJun 2026
View on Google Play ↗
JioGames: Play, Win, Stream screenshot 1JioGames: Play, Win, Stream screenshot 2JioGames: Play, Win, Stream screenshot 3JioGames: Play, Win, Stream screenshot 4JioGames: Play, Win, Stream screenshot 5JioGames: Play, Win, Stream screenshot 6
9

Lila's World:Create Play Learn

by Photon Tadpole

Installs10.8M
Rating4.1435K ratings
Installs, year on year+7%
Last updatedDec 2025
View on Google Play ↗
Lila's World:Create Play Learn screenshot 1Lila's World:Create Play Learn screenshot 2Lila's World:Create Play Learn screenshot 3Lila's World:Create Play Learn screenshot 4Lila's World:Create Play Learn screenshot 5Lila's World:Create Play Learn screenshot 6
10

Speckit by MemeChat

by MemeChat

Installs9.2M
Rating4.3584K ratings
Installs, year on year+14%
Last updatedApr 2026
View on Google Play ↗
Speckit by MemeChat screenshot 1Speckit by MemeChat screenshot 2Speckit by MemeChat screenshot 3Speckit by MemeChat screenshot 4Speckit by MemeChat screenshot 5
The business behind the activity

Mobile financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 36 mobile companies in Mumbai, Maharashtra for FY24-25 — 55 of the 156 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,666.07 cr

36 companies filing accounts

combined net profit−₹396.62 cr

-5.2% aggregate margin

are profitable47%

17 of 36 companies

median revenue~₹65 lakh

the typical company

median revenue growth-15%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,525.51 crFY19-2032 filers
₹4,507.37 crFY20-2135 filers
₹5,662.73 crFY21-2235 filers
₹9,159.29 crFY22-2340 filers
₹11,067.71 crFY23-2437 filers
₹7,666.07 crFY24-2536 filers

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

Like-for-like

The same 28 companies over three years

+9%
FY22-23₹6,977.10 cr₹224.12 cr net
FY23-24₹8,659.59 cr₹1,221.56 cr net
FY24-25₹7,634.77 cr−₹391.19 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 cr2138% profitable
₹1–10 cr560% profitable
₹10–100 cr862% 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

Shrinking20
0–20%5
20–50%3
50–100%1
Doubled+3

32 companies with accounts for both years; median growth -15%.

Profitability

Profit is concentrated at the top

17profitable
19loss-making
-5.2%aggregate margin
-4.1%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
GametionGAMETION TECHNOLOGIES PRIVATE LIMITED-7%₹16.23 cr
Dream SportsSPORTA TECHNOLOGIES PRIVATE LIMITED-12%₹7,333.06 cr
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED-15%₹28.08 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
Games2win MediaGAMES2WIN INDIA PRIVATE LIMITED4.2%₹28.08 cr
Mauj MobileMAUJ MOBILE PRIVATE LIMITED1.5%₹14.23 cr
MemeChatMEME CHAT PRIVATE LIMITED0.8%₹13.11 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Mobile gaming23₹194.71 cr~₹47 lakh48%20.2%
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%
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%
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₹14.23 cr₹21.02 lakh1.5%>10×
MemeChatMEME CHAT PRIVATE LIMITED₹13.11 cr₹11.07 lakh0.8%+17%
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

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full mobile landscape of Mumbai 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 Mumbai
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 Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months4

US$22.44m

equity rounds, last 24 months27

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 Mumbai

26 mobile companies in Mumbai have recorded equity funding, US$1.25bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind mobile companies in Mumbai. 92 of 156 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai mobile companies by sub-sector

The most common specialisations among mobile companies in Mumbai. 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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