Company lists
The Manipal edition · 2026

Startupcompanies in Manipal

Semiconductors, life sciences, IT & AI, health tech, mobility and more: the companies building startup in Manipal, with their founders, funding, team size and business models.

38 company profiles12 with reported revenue4 with recorded fundingOctober 2026 edition
Manipal · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent startup business events in India

Funding, M&A, contract wins and launches involving 336,782 startups in India, last 24 months: 5716 Contracts · 4543 M&A deals · 2492 funding rounds · 1362 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingEquity partnership

Fittr

This is a fitness startup called FITTR. The company has shared information about Rohit Sharma becoming an equity partner. However, the amount of money they have invested is revealed there.

Investors Rohit sharma
Fitness and wellness
M&AAcquisition · Announced

Meesho acquires Kirana club

The renowned e-commerce company Meesho has acquired the platform 'Kirana Club' which serves small retailers. The deal of around ₹202 crore has given the opportunity to the existing…

Small retailers
ContractMaintenance

Na · client: Military Engineer Services

Military Engineer Services (MES) has invited bids for the comprehensive operation and maintenance (O&M) of 4 MW and 2 MW solar projects at the Army area in Jodhpur, Rajasthan.

Clean Energy / Solar
M&AAcquisition · Completed

Creative group acquires Yogosha

This company is involved in intertwining tests (pentests), security audits, bug bounty and identification of computer vulnerabilities. It was bought by Creative Group at the court's helm…

Cybersecurity
M&AAcquisition · Announced

Adani energy solutions acquires IntelliSmart Infrastructure

Adani Energy Solutions (AESL) has signed a binding securities purchase and subscription agreement to acquire 100% of the equity in smart metering company IntelliSmart Infrastructure.

Smart Metering
M&AAcquisition · Announced

Adani energy solutions acquires Intellismart

Adani Group's Adani Energy Solutions (AESL) has announced its 100% acquisition of IntelliSmart Infrastructure Private Limited, playing a big stake in India's smart metering sector. The…

Smart metering
FundingSeed

Elevate now

Elevate Now received Rs. 18 crores in seed funding to build on its data-driven platform for weight management.

LaunchSkoda Kodak RS

Skoda

In this context, these two giants are now preparing to bring two new SUVs and two new sedans to India. These include the new compact SUV from Volkswagen, along with the Skoda Kodak RS.

SUV
ContractInfrastructure

Sar Transport Systems · client: Food Corporation of India (FCI)

Other entities include SAR Transport Systems, Sabina Arora consortiums and Shree Karni traders.

Agriculture / Storage Infrastructure
ContractMaintenance

Steag energy services · client: Bharat

STEAG Energy Services (India), a wholly-owned stepdown subsidiary of the Company has been awarded an order from Bharat Aluminium Company regarding '1740 MW Power Plant Operations and…

Infrastructure
ContractInfrastructure

Bharat heavy electricals · client: Meja Urja Nigam

Shares of state-owned Bharat Heavy Electricals Limited went up by over 2 per cent on Friday after the engineering major secured an order worth over Rs 21,000 crore from Meja Urja Nigam…

Power
ContractService

Lohum · client: Hindustan copper

Hindustan Copper Limited (HCL) has awarded LOHUM the rights to restart, upgrade, and maintain the 50,000 tonne-per-annum Copper Project at Jhagadia, Gujarat, under a 20-year…

Copper
ContractService

Innovision · client: NHAI (National Highways Authority of India)

Innovision has secured a Letter of Award (LoA)/work order worth around Rs 26.35 crore from NHAI (National Highways Authority of India).

Infrastructure
LaunchAgentic Development & Modernization Services

Tech mahindra

Tech Mahindra has announced the launch of Agentic Development & Modernization Services, a next-generation services portfolio designed to empower enterprises modernize how applications…

AI-driven application development and modernization services
M&AAcquisition · Rumored

Yatra online acquires Yatra Online's founders

Yatra Online's founders are reportedly in talks to sell a controlling stake. Feelers have been sent to rivals like MakeMyTrip, Paytm Travel, Rapido, and Ixigo, along with a private…

Online travel
ContractInfrastructure

Bhel · client: Meja Urja Nigam

BHEL announced it has bagged an order worth Rs 21,000 crore for the development of a thermal power plant in Uttar Pradesh, awarded by Meja Urja Nigam Private (MUNPL).

Energy
ContractSupply

Abb · client: Cochin shipyard

Technology company ABB has won a contract from India's Cochin Shipyard to supply power and propulsion systems for two electric harbour tugs being built for Polestar Maritime.

Marine
ContractSupply

Bharat heavy electricals · client: Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise

Bharat Heavy Electricals Limited (BHEL) signed a contract on 2 June 2026 with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise in Nigeria for a refinery and petrochemical…

Energy
ContractService

Indian overseas bank · client: National

National Aluminium Company Limited (NALCO) has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) to roll out a Corporate Salary Package for its employees.

Banking
LaunchWagon R Flex Fuel

Maruti Suzuki

Maruti Suzuki India shares traded higher on June 4 after the country's largest carmaker launched a flex-fuel version of the Wagon R, becoming the first passenger vehicle in India to be…

Automotive
LaunchWagon R

Maruti suzuki india

Maruti Suzuki India Ltd has launched India's first flex-fuel car which gives the flexibility to customers to run on any blend of ethanol and petrol from E20 toE100.

Automobile
LaunchBeer

Medusa Beverages

Beer maker Medusa Beverages has entered South India, launching in Karnataka with plans for extensive retail reach.

Beer
LaunchLogistics and Warehousing Policy

Delhi government

The Delhi Government is preparing to launch a new Logistics and Warehousing Policy aimed at improving freight movement, reducing congestion, and attracting investment in the Capital,…

Logistics
M&AAcquisition · Announced

True north acquires Cloudnine

True North looks to sell Cloudnine stake

Healthcare - fertility and maternity care
FundingFinancing

Avaada group

Renewable energy company Avaada Group has secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India.

Renewable energy
FundingSeries Funding

Paytm

Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron,…

Investors David Cameron
Digital payments
LaunchNaturally degradable milk pouch (Cow Milk variant)

Mother dairy

Mother Dairy has announced the launch of what it describes as India's first naturally degradable milk pouch in soil. The packaging innovation will be introduced through the company's Cow…

Dairy / Packaging
M&AAcquisition · Announced

AM Green acquires Assam Bio Refinery

This divestment strategy coincides with AM Green's plans to acquire Fortum Oyj's and Chempolis Oy's 50% stake in their joint venture, Assam Bio Refinery Pvt Ltd, along with the Finnish…

Biotechnology
M&AAcquisition · Announced

Mankind Lifesciences (MLS) acquires Upakarma ayurveda

Mankind Pharma's wholly owned subsidiary (WOS) -- Mankind Lifesciences (MLS) has acquired the remaining 10% stake of Upakarma Ayurveda (Upakarma) from Kaushcorp Media LLP through a share…

Ayurveda/Pharmaceutical

Startup companies in Manipal, by funding and team

Few startups in Manipal publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 38 companies below lead on recorded funding and team size among 38 active companies.

Showing 25 of 38

Provider of a portable temperature-regulated carrier for biologicals cold‑chain delivery solutions

Life sciences platforms and tools
US$2.01mSeed · Jan 2025
54-10% 12 mo to Sep 2024LinkedIn · Jul 2026
Physical commerce
11 yr2015
0none in 3 months · last posted Apr 2026

Provider of a fintech company that offers a mobile wallet solution for consumer payments, aiming to make digital transactions easier and more accessible for the average Indian user

Payments
US$1.15mSeed · Oct 2021
10+114% 12 mo to Jan 2022LinkedIn · Jul 2026
Commission on transaction / Subscription
10 yr2016
0none in 3 months

Designing and manufacturing India's first supercar.

Electric vehicles
US$112kAngel · Jul 2021
4-53% vs previous recordLinkedIn · Jul 2026
Physical commerce
12 yr2014
0none in 3 months

Agricultural technology intended to enhance mushroom cultivation practices

Crop tech
US$57kSeed · Mar 2025
8LinkedIn · Jul 2026
E-commerce - product / Physical commerce
6 yr2020
0none in 3 months

SaaS-based platform providing entrance exam preparation solutions

Test preparation tech
—None recorded
1,296-29% 12 mo to Sep 2024recorded Sep 2024
Subscription
5 yr2021
—No postings tracked

Manufacturer of printing inks and coatings for various industry applications

Dyes pigments and inks
—None recorded
67+23% 12 mo to Mar 2024LinkedIn · Jul 2026
E-commerce - product / Physical commerce
12 yr2014
0none in 3 months

Provider of AI, modular hardware, and software solutions

Semiconductor design and manufacturing services
—None recorded
8LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
4 yr2022
0none in 3 months

Provider of molecular biology and microbiology research services

Life sciences platforms and tools
—None recorded
—Not available
Fee-for-service
6 yr2020
0none in 3 months

Provider of genomics testing services

Genomics
—None recorded
4LinkedIn · Jul 2026
Fee-for-service
7 yr2019
0none in 3 months

Provider of a diagnostic device for spinal deformities

Orthopedics
—None recorded
4LinkedIn · Jul 2026
Fee-for-service
9 yr2017
0none in 3 months

Developer of nanobubbles for water treatment

Nanotechnology
—None recorded
—Not available
Physical commerce
5 yr2021
0none in 3 months

EPC solution provider delivering end-to-end services in the field of construction

Construction contractors
—None recorded
—Not available
Fee-for-service
15 yr2011
0none in 3 months

Provider of unified customer interaction platform and voice application development APIs

Customer service software
—None recorded
18LinkedIn · Jul 2026
Subscription
6 yr2020
0none in 3 months

Ad-supported video streaming platform

Ott video
—None recorded
—Not available
Subscription
6 yr2020
0none in 3 months

Real estate investment platform

Investment tech
—None recorded
4LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
3 yr2023
0none in 3 months

Platform facilitating blood donation requests and donor management

Nonprofit tech
—None recorded
6LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
5 yr2021
0none in 3 months

Consultancy firm specializing in health technology assessment services

Services for healthcare providers
—None recorded
—Not available
Fee-for-service
3 yr2023
—No postings tracked

Provider of diverse enterprise security solutions

Security & surveillance technology
—None recorded
—Not available
Subscription
1 yr2025
—No postings tracked

Online rental platform for motorbikes

Road transport tech
—None recorded
1LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
10 yr2016
—No postings tracked

Manufacturer of automated pet feeding and water dispensing solutions for cats and dogs

Pet care products
—None recorded
—Not available
E-commerce - product / Physical commerce
10 yr2016
—No postings tracked

Developer of drone-based delivery and emergency services

Drones
—None recorded
31LinkedIn · Jul 2026
E-commerce - product / Physical commerce
9 yr2017
0none in 3 months

Online media platform with a focus towards photography news

Internet first media
—None recorded
—Not available
Advertising / Affiliate marketing
12 yr2014
—No postings tracked

Platform offering comprehensive online resources and guidelines for various therapeutic treatments and medical conditions.

Healthcare booking platforms
—None recorded
6LinkedIn · Jul 2026
Advertising / Commission on transaction
3 yr2023
0none in 3 months · last posted Sep 2025

Standalone pain clinic

Clinics
—None recorded
—Not available
Advertising / Commission on transaction
3 yr2023
0none in 3 months

Developer of printed organic based photo-voltaic cells

Solar energy
—None recorded
—Not available
Physical commerce
15 yr2011
0none in 3 months
38 of 38 companies shown here · the full list is on Radar
Fliar Radar

Explore all 38 startups in Manipal on Radar

This page shows the top 38. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 38 startups in Manipal, filterable by stage, funding, team size, revenue model and age.
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Explore startups in Manipal by what you are looking for

Find the top startups in Manipal in life sciences, semiconductors, IT and healthcare technology. Use these groups for a list of startups in Manipal, new startups, and startups that are hiring.

7 ways to explore startup in Manipal

Semiconductor design & hardware startupsLife sciences & genomics startupsIT services & AI startupsHealthcare technology startupsElectric vehicle & drone startupsNewly founded startups in Manipal

Semiconductor design & hardware startups

Chip design verification, modular hardware and electronics companies.

  1. Teloquence

    Provider of semiconductor IC design verification services using methodologies to accelerate end customers product development lifecycle

    Semiconductor design and manufacturing services
    See in list
  2. Tiny Prism Labs

    Provider of AI, modular hardware, and software solutions

    Semiconductor design and manufacturing services
    See in list
  3. Neer Shakti Systems

    Developer of nanobubbles for water treatment

    Nanotechnology
    See in list
  4. Manipal Printronics

    Developer of printed organic based photo-voltaic cells

    Solar energy
    See in list

Life sciences & genomics startups

Genomics testing, molecular biology research and diagnostics companies.

  1. BlackFrog Technologies

    Provider of a portable temperature-regulated carrier for biologicals cold‑chain delivery solutions

    Life sciences platforms and tools
    See in list
  2. Suma Genomics

    Provider of genomics testing services

    Genomics
    See in list
  3. Alantis Sciences

    Provider of molecular biology and microbiology research services

    Life sciences platforms and tools
    See in list
  4. Kumudha Health Tech

    Provider of a diagnostic device for spinal deformities

    Orthopedics
    See in list

IT services & AI startups

Software, web development and artificial intelligence companies.

  1. Tiny Prism Labs

    Provider of AI, modular hardware, and software solutions

    Semiconductor design and manufacturing services
    See in list
  2. Vespertil

    Provider of diverse enterprise security solutions

    Security & surveillance technology
    See in list
  3. udupi web solutions

    Udupi Web Solutions offers web and mobile application design services.

    It services
    See in list
  4. Epicode

    Provider of unified customer interaction platform and voice application development APIs

    Customer service software
    See in list

Healthcare technology startups

Clinic software, booking platforms and medical device companies.

  1. Kumudha Health Tech

    Provider of a diagnostic device for spinal deformities

    Orthopedics
    See in list
  2. Maiyas Health

    Standalone pain clinic

    Clinics
    See in list
  3. Evinahta

    Consultancy firm specializing in health technology assessment services

    Services for healthcare providers
    See in list
  4. Thapy

    Platform offering comprehensive online resources and guidelines for various therapeutic treatments and medical conditions.

    Healthcare booking platforms
    See in list
  5. Infyuva Tech Solutions

    AI-based eye diagnosis screening tools for providers

    Healthcare it
    See in list

Electric vehicle & drone startups

Electric vehicle makers and drone technology companies.

  1. Mean Metal Motors

    Designing and manufacturing India's first supercar.

    Electric vehicles
    See in list
  2. India Rides

    Online rental platform for motorbikes

    Road transport tech
    See in list
  3. DronAid

    Developer of drone-based delivery and emergency services

    Drones
    See in list
  4. Manipal Printronics

    Developer of printed organic based photo-voltaic cells

    Solar energy
    See in list

Newly founded startups in Manipal

Recently founded companies in Manipal.

  1. Neer Shakti Systems

    Developer of nanobubbles for water treatment

    Nanotechnology
    See in list
  2. Tiny Prism Labs

    Provider of AI, modular hardware, and software solutions

    Semiconductor design and manufacturing services
    See in list
  3. GetMiClass

    SaaS-based platform providing entrance exam preparation solutions

    Test preparation tech
    See in list
  4. Maiyas Health

    Standalone pain clinic

    Clinics
    See in list
  5. Property Verse

    Real estate investment platform

    Investment tech
    See in list
12 companies in Manipal

Startups hiring in Manipal

Startups in Manipal with open positions.

  1. Teloquence

    Provider of semiconductor IC design verification services using methodologies to accelerate end customers product development lifecycle

    Semiconductor design and manufacturing services
    See in list
  2. BlackFrog Technologies

    Provider of a portable temperature-regulated carrier for biologicals cold‑chain delivery solutions

    Life sciences platforms and tools
    See in list
  3. Thapy

    Platform offering comprehensive online resources and guidelines for various therapeutic treatments and medical conditions.

    Healthcare booking platforms
    See in list
3 companies in Manipal
The business behind the activity

Startup financials in Manipal

Revenue, profit and growth from the filed annual accounts of 11 startups in Manipal for FY24-25 — 16 of the 38 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 100% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹298.36 cr

11 companies filing accounts

combined net profit₹7.92 cr

2.7% aggregate margin

are profitable64%

7 of 11 companies

median revenue~₹31 lakh

the typical company

median revenue growth+8%

into FY24-25

earned by the top five100%

revenue concentration

Six-year view

Combined revenue of filing companies

₹45.29 crFY19-207 filers
₹49.87 crFY20-219 filers
₹165.74 crFY21-2210 filers
₹171.92 crFY22-239 filers
₹248.69 crFY23-2411 filers
₹298.36 crFY24-2511 filers

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

Like-for-like

The same 8 companies over three years

+142%
FY22-23₹122.90 cr₹3.51 cr net
FY23-24₹187.67 cr₹3.41 cr net
FY24-25₹297.42 cr₹7.86 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 cr757% profitable
₹1–10 cr367% profitable
₹10–100 cr0—
₹100–1,000 cr1100% 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

Shrinking3
0–20%3
20–50%1
50–100%2
Doubled+0

9 companies with accounts for both years; median growth +8%.

Profitability

Profit is concentrated at the top

7profitable
4loss-making
2.7%aggregate margin
0.7%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
MEILMANIPAL ENERGY & INFRATECH LIMITED+61%₹289.20 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
MEILMANIPAL ENERGY & INFRATECH LIMITED3.7%₹289.20 cr
Leaders

Largest startups by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
MEILMANIPAL ENERGY & INFRATECH LIMITED₹289.20 cr₹10.77 cr3.7%+61%
TeloquenceTELOQUENCE PRIVATE LIMITED
BlackFrog TechnologiesBLACKFROG TECHNOLOGIES PRIVATE LIMITED₹2.36 cr−₹3.41 cr-144.1%+91%
EpicodeEPICODE PRIVATE LIMITED₹2.33 cr₹1.65 lakh0.7%-18%
Neer Shakti SystemsNEER SHAKTI SYSTEMS PRIVATE LIMITED₹69.28 lakh₹4.34 lakh6.3%+30%
Suma GenomicsSUMA GENOMICS PRIVATE LIMITED₹30.85 lakh−₹3.50 lakh-11.3%+11%
Tiny Prism LabsTINY PRISM LABS PRIVATE LIMITED₹23.99 lakh₹2.34 lakh9.8%—
BucolicBUCOLIC KAILASH AGRITECH AND FMCG PRIVATE LIMITED₹15.96 lakh₹0.12 lakh0.7%-37%
Alantis SciencesALANTIS SCIENCES INDIA PRIVATE LIMITED₹2.99 lakh−₹1.58 lakh-52.8%-75%
Kumudha Health TechKUMUDHA HEALTH TECH PRIVATE LIMITED₹1.43 lakh−₹1.16 lakh-81.3%+8%
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 Manipal compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months937

US$8.43bn

equity rounds, last 24 months3467

US$23.98bn

raised over five yearsUS$121.75bn

17,208 rounds in India

M&A deals, India4543

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 India

4141Acquisition
346Merger
17Announced

Most active acquirers

  1. Na76
  2. Nazara technologies39
  3. Adani group37
  4. Ambuja cements35
  5. Wipro30

Most acquired or merged

  1. Jaiprakash Associates39
  2. Rajasthan royals37
  3. Na29
  4. Yes bank18
  5. Orient cement16

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

Startup funding in Manipal

4 startups in Manipal have recorded equity funding, US$3.32m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Manipal

Meet the people behind startups in Manipal. 21 of 38 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring startup in India and nearby markets.

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