Company lists
The Mumbai edition · 2026

Travel and hospitality techcompanies in Mumbai

Online travel, hotel tech, cabs & car rental, transit & aviation, fleet & logistics and more: the companies building travel and hospitality tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

413 company profiles126 with reported revenue52 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent travel and hospitality tech business events in Mumbai

Funding, M&A, contract wins and launches involving 640 travel and hospitality tech companies in Mumbai, last 24 months: 48 Contracts · 27 M&A deals · 14 funding rounds · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Ziptrrip acquires Hellotravel Online Private Limited

Ziptrrip, an innovative AI powered corporate travel and expense management platform, has announced the acquisition of HelloTravel Online Private Limited, the erstwhile travel marketplace…

Travel marketplace
M&AAcquisition · Announced

Ziptrrip acquires HelloTravel Online

Corporate travel and expense management platform Ziptrrip has acquired online travel marketplace HelloTravel Online.

Online travel marketplace
M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
ContractSupply

Citroën · client: Cab-e

Citroën has signed a Memorandum of Understanding (MoU) with urban e-mobility firm Cab-E, to introduce over 2000 Citroën ë-C3 EVs in Cab-E’s fleet in the Mumbai and Pune region, this year.

ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
Funding

Uppercase

Direct-to-consumer (D2C) luggage brand Uppercase has raised Rs 20 crore in a fresh funding round from existing investors Accel India and Volrado Venture Partners.

Investors Accel india, Volrado Venture Partners
Luggage
M&AAcquisition · Announced

Uber india acquires Everest fleet

Uber India Systems Private Limited (“Uber”) is an existing shareholder of Everest Fleet Private Limited (“Company”) and has acquired additional convertible instruments in the Company.

Funding

Greencell mobility

In September, the International Finance Corporation (IFC) announced $137 million in financing for electric bus makers JBM ECOLIFE (a JBM Auto subsidiary) and GreenCell Mobility

Electric bus
ContractService

Au small finance bank · client: Zaggle Prepaid Ocean Services

On Monday, AU Small Finance Bank forged a strategic alliance with Zaggle Prepaid Ocean Services to introduce a new range of co-branded retail credit and prepaid cards.

Retail credit and prepaid cards
ContractService

Mastercard Asia Pacific Pte. Ltd · client: Zaggle Prepaid Ocean Services

the company said it has "entered into an agreement" with Mastercard Asia Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network.

Prepaid card
FundingSeries A equity

Eume

Ashish Kacholia, an investor in the travel accessories brand EUME’s Series A equity round, helped the company raise Rs 25 crore ($3 million).

Investors Ashish Kacholia, Prithviraj Kothari, Pradeep Rathod
Travel accessories
ContractService

Grant Thornton Bharat · client: Zaggle Prepaid Ocean Services

Under the terms of the agreement, Grant Thornton will act as a channel partner, offering Zaggle's flagship Spend Management platform to its roster of corporate clients and large enterprises.

Fintech
FundingPre Series A

Fur Jaden

Fur Jaden Raises Rs 9.5 Cr In Pre Series A Round

Investors Na
ContractTechnology

Strada, HCM and financial management solutions · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited has announced that it has contracted with Strada, HCM and financial management solutions, to deliver a unified payroll and spend management solution…

Payroll and spend management
ContractService

Strada · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited, a leading B2B SaaS FinTech company, has announced that it has contracted with Strada, a leader in end-to-end payroll, HCM and financial management…

LaunchOla Dash

Ola Cabs

Ola has launched its new service, Ola Dash, in Bengaluru.

Food delivery
ContractService

Mastercard · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services hit an upper circuit of 5% at Rs 490.65 after the company has entered into an agreement with Mastercard Technology (MasterCard) for 7 years. The terms and…

Fintech
FundingEarly-stage

The hosteller

Enterprise integration platform UnifyApps led the list followed by D2C fitness startup BoldFit, deep-tech robotics startup CynLr, dronetech firm Marut Drones, and backpacker hostel chain…

Hospitality
Funding

Advance mobility

22 Oct 2024 Advance Mobility Logistics Supply Chain B2B $3 Mn – Growthcap Ventures, India Accelerator, Finvolve – 23 Oct 2024

Investors Growthcap Ventures, India accelerator, Finvolve
Logistics
Funding

Everest fleet

Mumbai-based Everest Fleet raised USD 30 million from Uber.

Investors Uber
Mobility / Fleet Operations
ContractService

Founderlink Technologies · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services signs agreement with Founderlink technologies. Under the agreement, Founderlink Technologies will offer business loans to Zaggle Corporate customers

Financial Services

Travel and hospitality tech companies in Mumbai, by revenue

Browse travel and hospitality tech companies in Mumbai 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 126 travel and hospitality tech 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 50

Provider of online hotel reservation software with GDS and IDS connectivity

Hotel it
₹4,065.72 crFY 2024-25
+28%2024–2025
2LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Food delivery from restaurants through cabs

Road transport tech
₹1,368.90 crFY 2024-25
Not reported
1,454recorded
11 yr2015
—No postings tracked

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

Hrtech
₹1,330.53 crFY 2024-25
+69%2024–2025
523+50% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of fleet management services including vehicle rentals and employee mobility

Road transport tech
₹1,265.32 crFY 2024-25
+19%2024–2025
1,320+59% 12 mo to Jun 2024LinkedIn · Jul 2026
10 yr2016
2postings · last posted Sep 2026

App-based multiple travel service booking platform

Online travel
₹651.25 crFY 2022-23
Not reported
1,102+3% 12 mo to Sep 2024recorded Sep 2024
48 yr1978
0none in 3 months

Operator of leisure cruise line offering holiday voyages and experiences

Online travel
₹597.68 crFY 2024-25
+32%2024–2025
697+181% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of technology solutions for loyalty programs, travel, and payments

Loyalty software
₹409.08 crFY 2024-25
-35%2024–2025
357+2% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Business management solution for multiple travel service providers

Online travel
₹327.63 crFY 2024-25
-31%2024–2025
32-14% 12 mo to Sep 2023recorded Sep 2023
7 yr2019
0none in 3 months

B2B travel technology platform

Online travel
₹320.61 crFY 2024-25
Not reported
765+5% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
4postings · last posted Sep 2026

Online platform for booking multiple categories of travel services

Online travel
₹282.07 crFY 2022-23
Not reported
8+5% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Online loyalty, shopping & travel rewards app

Online travel
₹253.34 crFY 2022-23
-43%2022–2023
39-27% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of intelligent transportation systems, electrical, mechanical, and construction services

Smart public transport
₹249.10 crFY 2024-25
-25%2024–2025
689+8% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Online platform offering luxury vacation villas and rentals for short term stays

Online travel
₹182.96 crFY 2024-25
+28%2024–2025
512+14% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
6postings · last posted Aug 2026

Online B2B hotel booking platform providing a global inventory of hotels at competitive rates

Online travel
₹162.90 crFY 2024-25
+16%2024–2025
9LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Online platform offering app‑based bus tracking and ticketing services

Smart public transport
US$17.44mFY 2023-24
Not reported
747-1% 12 mo to Jul 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Online retailer of travel luggage, backpacks, and related travel accessories

Fashion tech
₹145.52 crFY 2024-25
-8%2024–2025
129LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026

Provider of chauffeured vehicle rental services for corporate and personal use

Road transport tech
₹85.15 crFY 2024-25
+15%2024–2025
11LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of corporate meeting, event management, hospitality sales & operations, and hotel technology solutions

Event management services
₹80.28 crFY 2022-23
+293%2022–2023
76LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Aug 2025

App-based multiple travel service booking platform

Online travel
₹76.82 crFY 2024-25
+36%2024–2025
374LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of backpacker hostels with dormitory system accommodation in various locations

Online travel
₹73.01 crFY 2024-25
+48%2024–2025
597-7% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
3postings · last posted Jul 2026

Provider of B2B travel booking and API solutions for agents. It offers a platform for booking flights, hotels, buses, cruises, and holiday packages. The company also provides visa processing, travel insurance, and MICE services. Its API solutions allow travel agents to integrate these services into their own systems. A white-label option enables agents to offer travel services under their own branding. The platform aims to streamline travel management and increase profitability for travel agents.

Online travel
₹70.80 crFY 2024-25
+16%2024–2025
176LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Platform offering advanced mobility solutions for transportation and infrastructure systems

Road transport tech
₹65.88 crFY 2024-25
+260%2024–2025
15LinkedIn · Jul 2026
3 yr2023
0none in 3 months · last posted Aug 2025

End-to-end hospitality solutions provider for travel management

Tour operators
₹60.06 crFY 2024-25
-11%2024–2025
140-40% 12 mo to Aug 2023LinkedIn · Jul 2026
22 yr2004
1postings · last posted Jul 2026

Provider of curated villas and estates available for short-term rental

Online travel
₹57.18 crFY 2023-24
+219%2023–2024
251-10% vs previous recordLinkedIn · Jul 2026
12 yr2014
2postings · last posted Aug 2026

Designer and retailer of luggage and backpacks

Online travel
₹53.23 crFY 2024-25
+58%2024–2025
10LinkedIn · Jul 2026
11 yr2015
0none in 3 months
50 of 413 companies shown here · the full list is on Radar
Fliar Radar

Explore all 413 travel and hospitality tech companies in Mumbai on Radar

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Open travel and hospitality tech in Mumbai on Radar
  • Every company, not just 50All 413 travel and hospitality tech companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
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Explore travel and hospitality tech companies in Mumbai by what you are looking for

Browse travel and hospitality tech companies in Mumbai, including online travel agencies, hotel software and mobility platforms. Find hospitality tech companies and travel and hospitality tech startups in Mumbai.

9 ways to explore travel and hospitality tech in Mumbai

Online travel agencies & booking platformsHotel software & accommodation bookingCab, car rental & mobility companiesPublic transit, rail & aviation techFleet management & logistics technologyTravel expense management & business software

Online travel agencies & booking platforms

Online travel agencies, holiday package and tour booking platforms.

  1. Akbar Travels

    App-based multiple travel service booking platform

    Online travel
    See in list
  2. Cordelia Cruises

    Operator of leisure cruise line offering holiday voyages and experiences

    Online travel
    See in list
  3. Vernost

    Provider of technology solutions for loyalty programs, travel, and payments

    Loyalty software
    See in list
  4. VeTravel

    Business management solution for multiple travel service providers

    Online travel
    See in list
  5. Tripjack

    B2B travel technology platform

    Online travel
    See in list

Hotel software & accommodation booking

Hotel reservation, booking engine and vacation rental technology providers.

  1. ResAvenue

    Provider of online hotel reservation software with GDS and IDS connectivity

    Hotel it
    See in list
  2. StayVista

    Online platform offering luxury vacation villas and rentals for short term stays

    Online travel
    See in list
  3. Tripmax

    Online B2B hotel booking platform providing a global inventory of hotels at competitive rates

    Online travel
    See in list
  4. IBFW Hospitality

    Provider of corporate meeting, event management, hospitality sales & operations, and hotel technology solutions

    Event management services
    See in list
  5. SaffronStays

    Provider of curated villas and estates available for short-term rental

    Online travel
    See in list

Cab, car rental & mobility companies

Ride hailing, car rental, carpooling and fleet mobility platforms.

  1. MeruBiz

    Provider of end-to-end mobility solutions to enterprises

    Road transport tech
    Website
  2. Firstcars

    Provider of chauffeured vehicle rental services for corporate and personal use

    Road transport tech
    See in list
  3. Advance Mobility

    Platform offering advanced mobility solutions for transportation and infrastructure systems

    Road transport tech
    See in list
  4. Cab-eez

    Operator of a technology platform providing all-electric vehicle cab booking services

    Electric vehicles
    See in list
  5. Transvolt

    Provider of zero-emission mobility services through electric vehicle platform

    Road transport tech
    See in list

Public transit, rail & aviation tech

Bus, rail, airline and parking technology providers.

  1. Efkon India

    Provider of intelligent transportation systems, electrical, mechanical, and construction services

    Smart public transport
    See in list
  2. Chalo

    Online platform offering app‑based bus tracking and ticketing services

    Smart public transport
    See in list
  3. Chemito

    Provider of intelligent transport management system

    Road transport tech
    Website
  4. Hawk Eye

    Provider of IoT-enabled parking management solutions

    Road transport tech
    Website
  5. Park4Cars

    Online platform for finding parking spaces

    Road transport tech
    Website
54 companies in Mumbai

Fleet management & logistics technology

Fleet tracking, freight and cargo management software.

  1. Everest Fleet

    Provider of fleet management services including vehicle rentals and employee mobility

    Road transport tech
    See in list
  2. Logic Labs

    SaaS-based provider of end-to-end fleet management solutions

    Trucking
    See in list
  3. Locate365

    It develops AI-powered software solutions for businesses

    Connected vehicles
    Website
  4. Roadmatics

    Fleet tracking and fuel monitoring solutions provider

    Logistics tech
    Website
  5. Easy Way Bill

    Provider of e-way billing solutions for logistics operators

    Logistics tech
    Website

Travel expense management & business software

Expense management, payments and ERP software for travel and hospitality businesses.

  1. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  2. Alif Management

    Provider of back-office software solutions for the hospitality and entertainment industries

    Enterprise resource planning
    See in list
  3. Kodo

    Intake-to-pay, corporate cards, and accounts payable automation solutions

    Payments
    Website
  4. ISGe Solutions

    Web-based tour operator software

    Online travel
    Website
  5. Zento

    Employee Expense And Travel Management System

    Finance & accounting tech
    Website

Travel experiences, events & local services

Platforms for activities, art, event ticketing and local services.

  1. Drivify

    On-demand chauffeur marketplace

    Road transport tech
    Website
  2. Urbanaut

    App-based platform that provides travel recommendations & bookable experiences

    Online travel
    Website
  3. Tourific

    App-based audio guide for travelers

    Online travel
    Website
  4. Happy Hikkups

    Online platform that provides art as a therapy

    Art and museum tech
    Website
  5. Audiocompass

    Audio Tour Guide App for India and Singapore

    Online travel
    Website

Travel and hospitality tech startups in Mumbai

Recently founded travel and hospitality tech startups in Mumbai.

  1. Digitrip

    Online platform for booking multiple categories of travel services

    Online travel
    See in list
  2. Advance Mobility

    Platform offering advanced mobility solutions for transportation and infrastructure systems

    Road transport tech
    See in list
  3. Transvolt

    Provider of zero-emission mobility services through electric vehicle platform

    Road transport tech
    See in list
  4. Travlinq

    Provider of API integration solutions for travel service providers

    Online travel
    See in list
  5. rePUSHTI

    SaaS-driven booking management solution for the travel industry

    Online travel
    Website
66 companies in Mumbai

Travel and hospitality tech companies hiring in Mumbai

Travel and hospitality tech companies in Mumbai with open jobs.

  1. Everest Fleet

    Provider of fleet management services including vehicle rentals and employee mobility

    Road transport tech
    See in list
  2. Tripjack

    B2B travel technology platform

    Online travel
    See in list
  3. StayVista

    Online platform offering luxury vacation villas and rentals for short term stays

    Online travel
    See in list
  4. Nasher Miles

    Online retailer of travel luggage, backpacks, and related travel accessories

    Fashion tech
    See in list
  5. IBFW Hospitality

    Provider of corporate meeting, event management, hospitality sales & operations, and hotel technology solutions

    Event management services
    See in list
31 companies in Mumbai
Mobile reach

Top 10 travel and hospitality tech apps from Mumbai

The most-installed Android apps published by travel and hospitality tech companies headquartered in Mumbai — 81.9M installs between them. 81 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

m-Indicator: Mumbai Local

by m-Indicator

Installs44.4M
Rating4.05470K ratings
Last updatedJun 2026
View on Google Play ↗
m-Indicator: Mumbai Local screenshot 1m-Indicator: Mumbai Local screenshot 2m-Indicator: Mumbai Local screenshot 3m-Indicator: Mumbai Local screenshot 4m-Indicator: Mumbai Local screenshot 5m-Indicator: Mumbai Local screenshot 6
2

Chalo - Live Bus Tracking App

by Chalo

Installs25.8M
Rating4.02246K ratings
Installs, year on year+28%
Last updatedJun 2026
View on Google Play ↗
Chalo - Live Bus Tracking App screenshot 1Chalo - Live Bus Tracking App screenshot 2Chalo - Live Bus Tracking App screenshot 3Chalo - Live Bus Tracking App screenshot 4Chalo - Live Bus Tracking App screenshot 5Chalo - Live Bus Tracking App screenshot 6
3

Hourly Rooms Hotel Booking App

by Hourly Rooms

Installs2.3M
Rating—
Last updatedJun 2026
View on Google Play ↗
Hourly Rooms Hotel Booking App screenshot 1Hourly Rooms Hotel Booking App screenshot 2Hourly Rooms Hotel Booking App screenshot 3Hourly Rooms Hotel Booking App screenshot 4Hourly Rooms Hotel Booking App screenshot 5Hourly Rooms Hotel Booking App screenshot 6
4

YATRI: Mumbai Local & Metro

by Yatri

Installs2.2M
Rating3.6710K ratings
Last updatedMay 2026
View on Google Play ↗
YATRI: Mumbai Local & Metro screenshot 1YATRI: Mumbai Local & Metro screenshot 2YATRI: Mumbai Local & Metro screenshot 3YATRI: Mumbai Local & Metro screenshot 4YATRI: Mumbai Local & Metro screenshot 5YATRI: Mumbai Local & Metro screenshot 6
5

NueGo Bus Ticket Booking App

by NueGo

Installs1.8M
Rating4.0613K ratings
Installs, year on year+75%
Last updatedMay 2026
View on Google Play ↗
NueGo Bus Ticket Booking App screenshot 1NueGo Bus Ticket Booking App screenshot 2NueGo Bus Ticket Booking App screenshot 3NueGo Bus Ticket Booking App screenshot 4NueGo Bus Ticket Booking App screenshot 5NueGo Bus Ticket Booking App screenshot 6
6

InterMiles: Get rewarded daily

by InterMiles

Installs1.5M
Rating3.3816K ratings
Last updatedFeb 2026
View on Google Play ↗
InterMiles: Get rewarded daily screenshot 1InterMiles: Get rewarded daily screenshot 2InterMiles: Get rewarded daily screenshot 3InterMiles: Get rewarded daily screenshot 4InterMiles: Get rewarded daily screenshot 5
7

AkbarTravels: Flights & Hotels

by Akbar Travels

Installs1.4M
Rating4.3324K ratings
Installs, year on year+15%
Last updatedMay 2026
View on Google Play ↗
AkbarTravels: Flights & Hotels screenshot 1AkbarTravels: Flights & Hotels screenshot 2AkbarTravels: Flights & Hotels screenshot 3AkbarTravels: Flights & Hotels screenshot 4AkbarTravels: Flights & Hotels screenshot 5AkbarTravels: Flights & Hotels screenshot 6
8

ONN - Bike Rentals

by ONN Bikes

Installs1.3M
Rating3.1718K ratings
Installs, year on year+18%
Last updatedJun 2026
View on Google Play ↗
ONN - Bike Rentals screenshot 1ONN - Bike Rentals screenshot 2ONN - Bike Rentals screenshot 3ONN - Bike Rentals screenshot 4ONN - Bike Rentals screenshot 5ONN - Bike Rentals screenshot 6
9

Zaggle

by Zaggle

Installs631K
Rating4.289K ratings
Last updatedJun 2026
View on Google Play ↗
Zaggle screenshot 1Zaggle screenshot 2Zaggle screenshot 3Zaggle screenshot 4Zaggle screenshot 5
The business behind the activity

Travel and hospitality tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 111 travel and hospitality tech companies in Mumbai, Maharashtra for FY24-25 — 141 of the 413 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 75% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹10,678.11 cr

111 companies filing accounts

combined net profit−₹313.82 cr

-2.9% aggregate margin

are profitable51%

57 of 111 companies

median revenue~₹2.4 cr

the typical company

median revenue growth+18%

into FY24-25

earned by the top five75%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,885.36 crFY19-2088 filers
₹1,703.80 crFY20-2194 filers
₹4,736.36 crFY21-22102 filers
₹7,601.84 crFY22-23106 filers
₹9,883.29 crFY23-24111 filers
₹10,678.11 crFY24-25111 filers

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

Like-for-like

The same 96 companies over three years

+46%
FY22-23₹7,206.54 cr−₹1,156.92 cr net
FY23-24₹9,741.05 cr−₹634.23 cr net
FY24-25₹10,532.29 cr−₹313.09 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 cr3921% profitable
₹1–10 cr3364% profitable
₹10–100 cr2770% profitable
₹100–1,000 cr888% profitable
Over ₹1,000 cr450% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking34
0–20%19
20–50%18
50–100%18
Doubled+14

103 companies with accounts for both years; median growth +18%.

Profitability

Profit is concentrated at the top

57profitable
54loss-making
-2.9%aggregate margin
0.4%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
Advance MobilityADVANCE MOBILITY PRIVATE LIMITED+260%₹65.88 cr
Cab-eezCAB-EEZ INFRA TECH LIMITED
RailofyRodeo Travel Technologies Private Limited
ZaggleZaggle Prepaid Ocean Services Limited+69%₹1,327.16 cr
CommutecAURAFOX SOLUTIONS PRIVATE LIMITED
Logic LabsLogic Labs Infotronics Limited
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
VerchaskaVA TECH VENTURES PRIVATE LIMITED
Cordelia CruisesWATERWAYS LEISURE TOURISM LIMITED31.6%₹589.50 cr
AerTripAERTRIP INDIA LIMITED
Samyag, TravlinqVARANK TECH PRIVATE LIMITED
Student HousingSTUDENT HOUSING INDIA LIMITED
Curly TalesCURLY TALES DIGITAL MEDIA PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Road transport tech22₹2,617.23 cr~₹1.1 cr36%-28.5%
Online travel50₹1,833.41 cr~₹3.6 cr64%14.7%
Leaders

Largest travel and hospitality tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ResAvenueAVENUESAI LIMITED₹3,774.62 cr₹160.00 cr4.2%+27%
ZaggleZaggle Prepaid Ocean Services Limited₹1,327.16 cr₹87.48 cr6.6%+69%
Everest FleetEVEREST FLEET PRIVATE LIMITED₹1,265.48 cr−₹51.31 cr-4.1%+32%
Ola CafeANI TECHNOLOGIES PRIVATE LIMITED₹1,060.00 cr−₹697.60 cr-65.8%-44%
Cordelia CruisesWATERWAYS LEISURE TOURISM LIMITED₹589.50 cr₹186.28 cr31.6%+31%
VernostVERNOST TECH VENTURES PRIVATE LIMITED₹341.49 cr₹21.69 cr6.4%-44%
TripjackTRIP JACK PRIVATE LIMITED₹320.91 cr₹24.48 cr7.6%+5%
Efkon IndiaEfkon India Private Limited₹249.10 cr₹11.19 cr4.5%-25%
StayVistaSTAY VISTA PRIVATE LIMITED₹182.96 cr₹3.64 cr2.0%+28%
TripmaxCLASSIC TRAVEL SHOPPE PRIVATE LIMITED₹162.90 cr₹67.18 lakh0.4%+16%
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

Travel and Hospitality Tech Industry Landscape of India

The financials above are one chapter. The full travel and hospitality tech 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 travel and hospitality tech 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

Travel and hospitality tech funding and M&A across India

1,460 recorded equity rounds have gone to 5,853 travel and hospitality tech 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 months31

US$461.95m

equity rounds, last 24 months116

US$846.44m

raised over five yearsUS$2.81bn

504 rounds in India

M&A deals, Mumbai27

last 24 months

Capital by year

Equity funding into travel and hospitality tech in India

amount rounds
$1.6bn2018113
$2.6bn2019135
$136m202081
$612m2021106
$492m2022115
$250m202385
$786m2024107
$284m202573
$388m202618

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2019, with US$2.58bn across 135 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$14.95m94 rounds · median US$68k
SeedUS$238.69m265 rounds · median US$430k
Series AUS$401.63m70 rounds · median US$3.18m
Series BUS$392.92m34 rounds · median US$9.00m
Series CUS$423.44m18 rounds · median US$15.00m
Series D+US$1.15bn20 rounds · median US$29.83m
Where the money went · five years

Most-funded sub-sectors

Road transport techUS$1.84bn195 rounds · 72 companies
Online travelUS$577.86m172 rounds · 84 companies
Smart public transportUS$109.80m6 rounds · 2 companies
Electric vehiclesUS$100.04m23 rounds · 9 companies
Logistics techUS$58.84m13 rounds · 5 companies
Aviation itUS$40.08m13 rounds · 7 companies
Fashion techUS$27.58m12 rounds · 5 companies
Corporate activity · last 24 months

M&A in Mumbai

27Acquisition

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Ziptrrip2
  3. Ran Ventures1
  4. Uber india1

Most acquired or merged

  1. Mobileware technologies3
  2. Dice2
  3. Na2
  4. Effiasoft2
  5. Rivpe Technology Private Limited2

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

Travel and hospitality tech funding in Mumbai

52 travel and hospitality tech companies in Mumbai have recorded equity funding, US$486.25m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind travel and hospitality tech companies in Mumbai. 218 of 413 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai travel and hospitality tech companies by sub-sector

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

Keep exploring travel and hospitality tech in India and nearby markets.

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