Company lists
The Indore edition · 2026

Startupcompanies in Indore

IT & software, marketing, education, fintech, agri & food and more: the companies building startup in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

1,913 company profiles392 with reported revenue54 with recorded fundingSeptember 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent startup business events in Indore

Funding, M&A, contract wins and launches involving 3,824 startups in Indore, last 24 months: 16 funding rounds · 13 Contracts · 11 M&A deals · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Mar 2026.

Funding

Arivihan

Through 2025, the technology investor deployed $675 million in companies such as Urban Company, PayU, Rapido, Ixigo, Wiom, Deccan AI, CodeKarma, and Arivihan.

Investors Prosus
M&AAcquisition · Announced

Suryavanshi acquires Brand concepts

Ace investor Ashish Kacholia on Monday sold his entire stake in Brand Concepts via a bulk deal valued at Rs 3.9 crore. The shares were purchased by Suryavanshi Commotrade Private…

Fashion retail
ContractService

Sayaji hotels · client: Hotel KC Villas

Sayaji Hotels has entered into the hotel management agreement with the Hotel KC Villas for the purpose of providing operational services and managing properties in line with the brand…

Hospitality
Funding

Nestec

© Shutterstock California-based Angeleno Group, an investment firm focused on clean energy and climate solutions companies, recently invested an undisclosed amount in Pen Argyl-based…

Investors Angeleno group
Industrial air pollution control
ContractInfrastructure

Highway infrastructure · client: National Highways Authority of India (NHAI)

Highway Infrastructure has secured a Rs 154.6 crore Letter of Acceptance (LoA) for operations at the Moti Naroli fee plaza in Gujarat, awarded by the National Highways Authority of India…

Infrastructure
ContractService

Highway infrastructure · client: National Highway Authority of India

Under the contract, worth ₹154.60 crore, the integrated infrastructure development and management company will manage toll collection at the Moti Naroli Fee Plaza and maintain all…

Infrastructure
Funding

House of EM5

This comes after recent investments in actor Samantha Ruth Prabhu’s Secret Alchemist and Indore-based House of EM5.

Investors Na
M&AAcquisition · Announced

Unnati acquires Gramophone

Unnati is set to acquire Info Edge-backed peer startup Gramophone.

Agri-tech
ContractGovernment

Zenith Drugs · client: Odisha State Medical Corporation

*Zenith Drugs Company Has Been Awarded Tender by Odisha State Medical Corporation for Rs 95 million

M&AAcquisition · Completed

Hiveloop ECommerce Pvt Ltd (HEPL) acquires Shopkirana

Info Edge, the parent company of Naukri.com, Jeevansathi.com, 99acres and Shiksha, on Friday announced that it has completed the transfer of its entire stake in its associate company…

M&AAcquisition · Completed

Brown & brown acquires Accession

Brown & Brown acquired Accession in a $9.83 billion deal.

Contract

Rajratan global wire · client: Lilac Ecoenergy Private Limited

Rajratan Global Wire Limited has announced that it has executed a Shareholders’ Agreement with Lilac Ecoenergy Private Limited for captive power generation.

Renewable energy generation
M&AAcquisition · Announced

Arbutus acquires Aub group

AUB Group has received a bid from Arbutus (an entity affiliated with EQT AB) (EQT) to acquire 100% of the company, the broker said in a stock exchange announcement.

M&AAcquisition

Brown & brown acquires Accession

However, rising interest rates have slowed some acquirers, leading to increased discipline in acquisition strategies. Despite the reduction in buyers following the sale of NFP to AON…

FundingStrategic investment

Kimirica

Kimirica raised $15 million in strategic investment.

Investors Carnelian Asset Management (Vikas Khemani)
Luxury vegan self-care / hospitality amenities
FundingPreseries A

Arivihan

Arivihan, which offers AI-powered personalised coaching for school students, said it had raised $4.17m (R75m) in a preseries A funding round, led by Prosus and Accel, with participation…

Investors Prosus, Accel, GSF Investors
Edtech
ContractInfrastructure

NBCC (India) Ltd · client: Madhya pradesh gramin bank

NBCC (India) Ltd signed an MoU with Madhya Pradesh Gramin Bank for the development of an institutional campus in Indore valued at Rs. 45.30 crore.

Infrastructure
M&AAcquisition · Announced

Khaitan Chemicals & Fertilizers acquires KRSKA Solar

Khaitan Chemicals & Fertilizers is all set to acquire 26% equity stake in KRSKA Solar.

Solar/Renewable Energy
M&AAcquisition · Announced

Jash engineering acquires WesTech Process Equipment India Private Limited (WPEIPL)

Jash Engineering has announced plans to acquire a 90 percent stake in WesTech Process Equipment India Private Limited (WPEIPL): 80 percent from WesTech LLC, USA, and an additional 10…

Industrial process equipment
M&AAcquisition · Announced

GenXAI acquires SoftGrid Computers

GenXAI, a leading AI-powered Enterprise Performance Management (EPM) solution provider, has recently announced the acquisition of SoftGrid Computers Pvt. Ltd., a leader in application…

Application development and web design
ContractService

Brand concepts · client: Sportlux General Trading FZCO

Brand Concepts Limited has entered into a long-term distribution contract with Sportlux General Trading FZCO, a distinguished global distributor of luxury brands.

Fashion and luxury
M&AMerger · Announced

Aker arctic acquires Bluetech

Aker Arctic, an industry leader for the design of icebreakers and ice-class vessels, has announced it is merging with its long-time ship design partner Bluetech, also from Finland.

Ship design
Funding

Shopkirana

After these, Info Edge invested in startups, including men's grooming brand Ustra, B2B ecommerce platform Shopkirana, edtech platform Adda247, omni channel inter-city bus travel platform…

Investors Info edge
ContractInfrastructure

Infobeans technologies limited · client: M.P. State Electronics Development Corporation Ltd

Infobeans Technologies Limited, engaged in AI-led design and software solutions for enterprise clients, has secured a domestic contract from M.P. State Electronics Development…

Infrastructure
FundingRights Issue

Sylph technologies

The move is expected to help Sylph Technologies raise funds directly from its existing shareholders and strengthen its equity base.

Investors Shareholders
FundingSeed

Perkant tech

Perkant Tech Raises Rs 6.6 Cr In Seed Funding Round

Health tech
ContractGovernment

Patanjali foods · client: Government of Manipur

Patanjali Foods Limited has entered into a Memorandum of Understanding (MoU) with the Government of Manipur to launch an Oil Palm Plantation Programme as part of the National Mission on…

Agriculture
Funding

Workie

Workie $1.4mn Office Space Management Startup

Office Space Management Startup
FundingEquity

Workie

A prestigious group of investors has contributed Rs 13 crore in equity funding to the office space management company Workie.

Investors Nav capital, Raman Roy, Dharmendra Jain, Gaurav Singhvi
Office space management

Startup companies in Indore, by revenue

Browse startups in Indore 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 392 startups in Indore, Madhya Pradesh 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 luxury jewellery products for various occasions

Fashion accessories
₹1,415.94 crFY 2024-25
-3%2024–2025
—Not available
15 yr2011
0none in 3 months

Importer and trader of cooking oils

Food distributors
₹1,184.68 crFY 2021-22
+33%2021–2022
10-29% 12 mo to Jun 2020recorded Jun 2020
11 yr2015
0none in 3 months

Leading infrastructure and real estate development company

Real estate & infrastructure developers
₹1,116.97 crFY 2021-22
Not reported
543-16% 12 mo to May 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of marketing services for healthcare industry

Services for healthcare providers
₹674.30 crFY 2021-22
Not reported
—Not available
7 yr2019
—No postings tracked

Provider of car dealership services

Auto retail & aftersales
₹567.98 crFY 2024-25
+6%2024–2025
190+20% vs previous recordLinkedIn · Jul 2026
15 yr2011
0none in 3 months

Brand offering hair & skin care products

Beauty & personal care products
₹382.18 crFY 2024-25
+18%2024–2025
508+10% 12 mo to Feb 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Jul 2026

Manufacturer and wholesaler of gold jewelry

Wholesalers
₹316.47 crFY 2021-22
Not reported
7LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Brand of beers

Alcoholic beverage products
₹324.08 crFY 2024-25
+63%2024–2025
12LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of hybrid crop seeds

Crop inputs
₹316.35 crFY 2024-25
+86%2024–2025
—Not available
4 yr2022
0none in 3 months

Brand of pant-style baby diapers, adult diapers, and sanitary napkins for both urban and rural markets

Beauty & personal care products
₹314.95 crFY 2024-25
-42%2024–2025
102+47% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Aug 2025

Manufacturer of cooking oils

Food processing
₹277.60 crFY 2024-25
+71%2024–2025
—Not available
13 yr2013
0none in 3 months

Manufacturer of candies, toffees, and chocolates

Food & beverage products
₹238.30 crFY 2024-25
+18%2024–2025
179+23% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months

Provider of kiosk banking services and related financial service solutions

Service providers to banks
₹235.23 crFY 2024-25
+12%2024–2025
—Not available
2 yr2024
0none in 3 months

Provider of soy products and oil, protein solutions, and climate leadership

Food distributors
₹163.39 crFY 2021-22
Not reported
1LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Dairy products brand

Food & beverage products
₹184.85 crFY 2024-25
-14%2024–2025
7LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of banking and financial services for last mile transactions

Payments
₹148.21 crFY 2024-25
+9%2024–2025
65+25% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of solar PV modules, inverters, mounting, and accessories

Solar energy
₹146.46 crFY 2024-25
+147%2024–2025
—Not available
12 yr2014
0none in 3 months

Provider of multi category bakery ingredients

Food processing
₹143.59 crFY 2024-25
+19%2024–2025
187+7% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online retailer of vegan bath, body, skincare, fragrance products

Beauty & personal care products
₹137.48 crFY 2024-25
+34%2024–2025
144-22% 12 mo to Feb 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of plastic products

Diversified materials
₹128.27 crFY 2024-25
+20%2024–2025
—Not available
14 yr2012
0none in 3 months

Manufacturer of multiple confectionery products

Food & beverage products
₹106.89 crFY 2024-25
+18%2024–2025
154+97% 12 mo to Sep 2024recorded Sep 2024
13 yr2013
0none in 3 months

Platform offering B2B supply chain solutions

Rural ecommerce
₹102.71 crFY 2024-25
-6%2024–2025
40LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Manufacturer & exporter of seeds, flour, oils, and other products

Food distributors
₹92.92 crFY 2024-25
-25%2024–2025
17-15% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Brand of soya flour & other products

Food & beverage products
₹85.49 crFY 2024-25
-18%2024–2025
3LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Brand of extruded snacks

Food & beverage products
₹77.82 crFY 2024-25
-11%2024–2025
12+46% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months
50 of 1,913 companies shown here · the full list is on Radar
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Explore startups in Indore by what you are looking for

Browse startups in Indore and startup companies in Indore across software, education, agriculture and retail. You can also find the top startups in Indore that are hiring.

9 ways to explore startup in Indore

IT services & software startupsMarketing & advertising startupsEducation & learning startupsFintech & investment startupsAgriculture & food startupsHR & recruitment tech startups

IT services & software startups

Startups building software, apps and AI or blockchain solutions.

  1. deqode

    Blockchain-based solutions and service provider

    Blockchain services
    See in list
  2. 47Billion

    Big data engineering and visualization services

    It services
    Website
  3. Ideal IT Techno

    Application and software development firm

    It services
    Website
  4. Softberry

    Provider of digital marketing and application development services

    B2b e-commerce
    Website
  5. Certainty

    Provider of data science and analytics services

    It services
    Website

Marketing & advertising startups

Agencies and tools for digital marketing, branding and outreach.

  1. RTBAnalytica

    Provider of data analytics and advertising services

    Marketing services
    Website
  2. eLEOPARD

    Provider of branding and application development services

    Marketing services
    Website
  3. Fullscoop

    Provider of SMM, content, advertising, creative, and branding services

    Marketing services
    Website
  4. Nextel

    Platform providing customer experience and support tools

    Marketingtech
    Website
  5. Izisstechnology

    Provider of web development, mobile application, and digital marketing services

    Marketing services
    Website

Education & learning startups

Startups for school learning, test preparation and online courses.

  1. EduMETA

    Platform offering Maths learning solutions

    K-12 edtech
    Website
  2. Smart Learning Destination

    Online education platform

    Test preparation tech
    Website
  3. Bidyut Innovation

    Provider of educational solutions for students

    K-12 edtech
    Website
  4. eduMitram

    SaaS-based platform offering management solutions for schools

    K-12 edtech
    Website
  5. LedX

    Online platform providing law-related learning courses

    Continued learning
    Website

Fintech & investment startups

Startups for trading, investing, accounting and asset management.

  1. Giddh

    Online accounting software

    Finance & accounting tech
    See in list
  2. Mandot Securities

    Online platform for trading in gold, equities, stocks, currency, and derivatives

    Investment tech
    Website
  3. TradingBells

    Discount broking platform

    Investment tech
    Website
  4. Chittragupta

    Online billing and invoice tracking software

    Finance & accounting tech
    Website
  5. Merrchant

    Business software solutions

    Finance & accounting tech
    Website

Agriculture & food startups

Startups in farm inputs, food processing and grocery delivery.

  1. NYRA

    Manufacturer of candies, toffees, and chocolates

    Food & beverage products
    See in list
  2. Mayank Food Products

    Manufacturer of multiple confectionery products

    Food & beverage products
    See in list
  3. Nakoda Namkeen and Snacks

    Brand of extruded snacks

    Food & beverage products
    See in list
  4. Shri Om Food

    Shri Om foods | vegetable dehydration plant machinery provider

    Food distributors
    See in list
  5. Flavoritetechnologies

    Manufacturer of food processing equipment for snack and potato products

    Food processing & packaging equipment
    See in list

HR & recruitment tech startups

Startups offering HRMS, hiring and talent platforms.

  1. FabHR

    Cloud-based HRMS solution for SMBs

    Hrtech
    Website
  2. Leysha

    Biometric Attendance with HR Management services provider

    Hrtech
    Website
  3. YouVah

    Online portal for applying to internships

    Hrtech
    Website
  4. WiseOfficeDay

    Provider of HR management solutions

    Hrtech
    Website
  5. Remark

    Online job board platform for multi-industry

    Hrtech
    Website

Healthcare booking & wellness startups

Startups for booking clinics, online pharmacy and health supplements.

  1. Health Veda Organics

    Online platform offering plant-based organic supplements

    Healthcare booking platforms
    Website
  2. ATULYA MEDIPHARMA

    Online pharmacy store for medicines

    Healthcare booking platforms
    Website
  3. Avijo

    A healthcare delivery platform ecosystem

    Healthcare booking platforms
    Website
  4. Nutrainix

    Provider of organic health supplements

    Healthcare booking platforms
    Website
  5. InstaCare

    Provider of comprehensive medical services including home care and specialist consultations

    Healthcare booking platforms
    Website

Startups in Indore founded recently

Newer companies founded in recent years.

  1. Family Care Consumer

    Brand of pant-style baby diapers, adult diapers, and sanitary napkins for both urban and rural markets

    Beauty & personal care products
    See in list
  2. Vanya

    AI-powered platform leveraging technology and nature to revolutionize climate action through carbon credit generation

    Air pollution management tech
    Website
  3. TabelaWala

    Online marketplace that facilitates the buying and selling of cattle

    Livestock tech
    Website
  4. The Gum Base

    Manufacturer of gum base ingredients, provides reliable solutions for elevating gum products by offering a range of gum base formulations and products

    Food & beverage products
    Website
  5. Yatrikart

    Chains providing snacks beverages and daily essentials at transit hubs

    E-commerce enablers
    Website
536 companies in Indore

Startups hiring in Indore

Startups in Indore with open jobs right now.

  1. Velnik India

    Brand offering hair & skin care products

    Beauty & personal care products
    See in list
  2. Family Care Consumer

    Brand of pant-style baby diapers, adult diapers, and sanitary napkins for both urban and rural markets

    Beauty & personal care products
    See in list
  3. FingPay

    Provider of banking and financial services for last mile transactions

    Payments
    See in list
  4. Vibs Infosol

    Cyber security solutions company

    It services
    See in list
  5. Annova Solutions

    Provider of healthcare, AI/ML operations, and end to end HR services

    Bpo services
    See in list
36 companies in Indore
Mobile reach

Top 10 startup apps from Indore

The most-installed Android apps published by startups headquartered in Indore — 16.6M installs between them. 193 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Pataa - Address Made Simple

by Pataa

Installs6.6M
Rating4.08K ratings
Last updatedFeb 2025
View on Google Play ↗
Pataa - Address Made Simple screenshot 1Pataa - Address Made Simple screenshot 2Pataa - Address Made Simple screenshot 3Pataa - Address Made Simple screenshot 4Pataa - Address Made Simple screenshot 5Pataa - Address Made Simple screenshot 6
2

IPO Ji: Apply IPO & Allotment

by IPO Ji

Installs1.8M
Rating4.7842K ratings
Last updatedMay 2026
View on Google Play ↗
IPO Ji: Apply IPO & Allotment screenshot 1IPO Ji: Apply IPO & Allotment screenshot 2IPO Ji: Apply IPO & Allotment screenshot 3IPO Ji: Apply IPO & Allotment screenshot 4IPO Ji: Apply IPO & Allotment screenshot 5IPO Ji: Apply IPO & Allotment screenshot 6
4

Audicate -Audiobooks for Exams

by Audicate

Installs1.3M
Rating—
Installs, year on year+102%
Last updatedOct 2025
View on Google Play ↗
Audicate -Audiobooks for Exams screenshot 1Audicate -Audiobooks for Exams screenshot 2Audicate -Audiobooks for Exams screenshot 3Audicate -Audiobooks for Exams screenshot 4Audicate -Audiobooks for Exams screenshot 5
5

PerfectLineup - Lineup Builder

by PerfectLineup

Installs1.1M
Rating4.214K ratings
Last updatedAug 2025
View on Google Play ↗
PerfectLineup - Lineup Builder screenshot 1PerfectLineup - Lineup Builder screenshot 2PerfectLineup - Lineup Builder screenshot 3PerfectLineup - Lineup Builder screenshot 4PerfectLineup - Lineup Builder screenshot 5PerfectLineup - Lineup Builder screenshot 6
6

Garbh Sanskar: KRISHNA COMING

by Krishna Coming

Installs1.0M
Rating3.768K ratings
Last updatedMay 2026
View on Google Play ↗
Garbh Sanskar: KRISHNA COMING screenshot 1Garbh Sanskar: KRISHNA COMING screenshot 2Garbh Sanskar: KRISHNA COMING screenshot 3Garbh Sanskar: KRISHNA COMING screenshot 4Garbh Sanskar: KRISHNA COMING screenshot 5Garbh Sanskar: KRISHNA COMING screenshot 6
8

CitizenCOP

by CitizenCOP

Installs847K
Rating3.676K ratings
Installs, year on year+10%
Last updatedJan 2026
View on Google Play ↗
CitizenCOP screenshot 1CitizenCOP screenshot 2CitizenCOP screenshot 3CitizenCOP screenshot 4CitizenCOP screenshot 5CitizenCOP screenshot 6
9

Engross: ADHD Focus Timer

by Engross

Installs805K
Rating4.4514K ratings
Installs, year on year+8%
Last updatedApr 2026
View on Google Play ↗
Engross: ADHD Focus Timer screenshot 1Engross: ADHD Focus Timer screenshot 2Engross: ADHD Focus Timer screenshot 3Engross: ADHD Focus Timer screenshot 4Engross: ADHD Focus Timer screenshot 5Engross: ADHD Focus Timer screenshot 6
10

Wealth Elite

by Wealth Elite

Installs589K
Rating4.798K ratings
Installs, year on year+30%
Last updatedJun 2026
View on Google Play ↗
Wealth Elite screenshot 1Wealth Elite screenshot 2Wealth Elite screenshot 3Wealth Elite screenshot 4Wealth Elite screenshot 5Wealth Elite screenshot 6
The business behind the activity

Startup financials in Indore

Revenue, profit and growth from the filed annual accounts of 379 startups in Indore, Madhya Pradesh for FY24-25 — 446 of the 1,913 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 27% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,992.75 cr

379 companies filing accounts

combined net profit−₹96.55 cr

-1.4% aggregate margin

are profitable65%

245 of 379 companies

median revenue~₹1.9 cr

the typical company

median revenue growth+18%

into FY24-25

earned by the top five27%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,312.95 crFY19-20207 filers
₹3,381.49 crFY20-21238 filers
₹4,546.51 crFY21-22286 filers
₹4,848.21 crFY22-23325 filers
₹6,136.85 crFY23-24365 filers
₹6,992.75 crFY24-25379 filers

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

Like-for-like

The same 292 companies over three years

+38%
FY22-23₹4,756.26 cr₹83.39 cr net
FY23-24₹5,741.70 cr₹98.37 cr net
FY24-25₹6,546.50 cr−₹94.15 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 cr16443% profitable
₹1–10 cr12076% profitable
₹10–100 cr7788% profitable
₹100–1,000 cr1889% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking113
0–20%65
20–50%57
50–100%52
Doubled+59

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

Profitability

Profit is concentrated at the top

245profitable
134loss-making
-1.4%aggregate margin
0.9%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
Maikal Kanya InternationalMAIKAL KANYA INTERNATIONAL PRIVATE LIMITED+502%
TabelaWalaWHITE GOLD LIVESTOCK PRIVATE LIMITED+412%₹30.95 cr
Khare EnergyKHARE ENERGY PRIVATE LIMITED+248%₹23.61 cr
Masters HealthMASTERS HEALTH INNOVATIONS PRIVATE LIMITED
VEXLVEXL ENVIRON PROJECTS PRIVATE LIMITED
Trade PlusTRADE PLUS RESOURCES AND SOLUTIONS PRIVATE LIMITED+147%₹146.46 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
PerfectLineupVISCUS INFOTECH LIMITED
PiousPIOUS LABORATORIES PRIVATE LIMITED26.9%₹13.69 cr
Mayank Food ProductsMY DREAM FOODS LIMITED19.3%₹106.89 cr
FlavoritetechnologiesFLAVORITE TECHNOLOGIES PRIVATE LIMITED
Krishaangi Agro FoodsKRISHAANGI AGRO FOODS PRIVATE LIMITED17.4%
DSANDDSAND ANIMAL NUTRITION PRIVATE LIMITED₹18.30 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Food & beverage products12₹784.11 cr~₹27.3 cr83%3.8%
Food processing6₹559.08 cr~₹57.7 cr100%1.8%
Solar energy7₹260.19 cr~₹6.7 cr71%3.2%
It services24₹174.33 cr~₹4.1 cr92%7.5%
Crop tech14₹168.51 cr~₹2.3 cr79%-38.9%
Waste & water management6₹78.43 cr~₹10.5 cr83%7.4%
Finance & accounting tech7₹68.02 cr~₹1.2 cr57%3.4%
Healthcare booking platforms5₹38.18 cr~₹4.8 cr0%-11.7%
Leaders

Largest startups by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ocean MotorsOCEAN MOTORS PRIVATE LIMITED₹567.98 cr₹1.78 cr0.3%+6%
Velnik IndiaVelnik India Limited₹382.18 cr₹12.41 cr3.2%+18%
Regent BeersREGENT BEERS AND WINES LIMITED₹324.08 cr₹11.35 cr3.5%+63%
VigourVIGOUR BIOTECH PRIVATE LIMITED₹316.35 cr₹5.55 cr1.8%+86%
Family Care ConsumerFAMILYCARE CONSUMER PRIVATE LIMITED₹314.95 cr−₹191.40 cr-60.8%-42%
Mahajan Nutri FoodsMAHAJAN NUTRI FOODS PRIVATE LIMITED₹277.60 cr₹62.10 lakh0.2%+71%
NYRANYRA CHOCOLATES PRIVATE LIMITED₹238.30 cr₹5.38 cr2.3%+18%
Nict TechnologiesNICT TECHNOLOGIES PRIVATE LIMITED₹235.23 cr₹6.24 cr2.7%+12%
ShreemantSHUBHAM FOODS PRIVATE LIMITED₹184.85 cr₹2.20 cr1.2%-14%
APS EnterprisesAPS ENTERPRISES PRIVATE LIMITED₹158.00 cr₹1.83 cr1.2%+50%
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

Startup funding and M&A across India

37,239 recorded equity rounds have gone to 336,782 startups in India — how much, at which stage, into which sub-sectors, from whom, and how Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1111

US$9.79bn

equity rounds, last 24 months3681

US$24.99bn

raised over five yearsUS$121.75bn

17,208 rounds in India

M&A deals, Indore11

last 24 months

Capital by year

Equity funding into startup in India

amount rounds
$15bn20182493
$19bn20192842
$37bn20202774
$38bn20213915
$29bn20224039
$16bn20233121
$17bn20243117
$15bn20252377
$6.6bn2026639

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$37.99bn across 3915 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.16bn2,889 rounds · median US$111k
SeedUS$9.20bn9,663 rounds · median US$464k
Series AUS$16.95bn2,388 rounds · median US$4.09m
Series BUS$16.36bn1,023 rounds · median US$10.65m
Series CUS$14.69bn500 rounds · median US$21.22m
Series D+US$45.54bn619 rounds · median US$30.12m
Private equityUS$7.52bn90 rounds · median US$52.32m
Where the money went · five years

Most-funded sub-sectors

Horizontal e-commerceUS$5.93bn74 rounds · 36 companies
Electric vehiclesUS$5.50bn455 rounds · 172 companies
Online groceryUS$5.35bn517 rounds · 186 companies
PaymentsUS$4.90bn273 rounds · 124 companies
Alternative lendingUS$4.87bn515 rounds · 228 companies
Consumer and sme loansUS$4.12bn189 rounds · 83 companies
Solar energyUS$3.38bn122 rounds · 64 companies
Corporate activity · last 24 months

M&A in Indore

9Acquisition
1Merger
1Announced

Most active acquirers

  1. Brown & brown2
  2. Suryavanshi1
  3. Unnati1
  4. Hiveloop ECommerce Pvt Ltd (HEPL)1
  5. Arbutus1

Most acquired or merged

  1. Accession2
  2. Brand concepts1
  3. Gramophone1
  4. Shopkirana1
  5. Aub group1

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

Startup funding in Indore

54 startups in Indore have recorded equity funding, US$140.09m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Indore

Meet the people behind startups in Indore. 579 of 1,913 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore startups by sub-sector

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

Keep exploring startup in India and nearby markets.

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