Top Startups in Mumbai
The 21429 top startups and companies in Mumbai, India in 2026, across all sectors — ranked by total equity funding and momentum. Funding, investors, founders, valuation and live signals. Top: Reliance Retail.
Ranked: Best companies in Mumbai
| # | Company | Disclosed funding | Revenue | Revenue YoY | Employees | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|
| 1 | IDFC First Bank Commercial bank 95Customers top 7%Innovation top 10%Funding top 16%Market top 17% All 13 signals ▾Customerstop 7% Innovationtop 10% Fundingtop 16% Markettop 17% Techtop 17% Producttop 20% Moattop 25% Fin. healthtop 31% Partnerstop 33% Newstop 38% Talenttop 41% Growthtop 48% Globalbottom 38% Customers: Play-Store rating 4.86★ across 2,669,257 ratings (6 apps) · Review volume +21% in 6 mo Innovation: 9 new-product events in 24 mo rank vs industry peers · Fliar Intelligence Index 95/100 | $1.6B | $5.1B FY2025 | +20% | 931 | DartSalesforceFlutter+21 | — |
| 2 | Aditya Birla Capital Provider of loans, investments, insurance, UPI, and bill payment services 92Innovation top 8%Tech top 9%Funding top 11%Market top 17% All 12 signals ▾Innovationtop 8% Techtop 9% Fundingtop 11% Markettop 17% Producttop 26% Moattop 26% Newstop 29% Customerstop 30% Fin. healthtop 31% Talenttop 42% Growthbottom 49% Globalbottom 39% Innovation: 18 new-product events in 24 mo Tech: 100 technologies across 7/8 capability areas · Cloud: Amazon Alb, Amazon Cloudfront rank vs industry peers · Fliar Intelligence Index 92/100 | $839M | $4.8B FY2025 | +18% | 789 | SitecoreTypeScriptGraphQL+30 | — |
| 3 | Waaree Energies 🦄 Manufacturer of solar PV modules 91Partners top 9%Market top 20%Funding top 21%Tech top 21% All 11 signals ▾Partnerstop 9% Markettop 20% Fundingtop 21% Techtop 21% Talenttop 21% Fin. healthtop 25% Growthtop 29% Moattop 30% Newstop 34% Producttop 39% Globalbottom 37% Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B rank vs industry peers · Fliar Intelligence Index 91/100 | $263M | $1.8B FY2025 | +28% | 1,307 1,307 → 2,674 (+105%) · sector median +48% | WordPressApple iCloud MailMySQL+25 | — |
| 4 | Godrej Properties Developer of residential & commercial properties | $1.7B | $824M FY2025 | +61% | 3,015 | Node.jsZohoSalesforce+22 | 2 internships · 1 award |
| 5 | Avanse Financial Services 🦄 Provider of financial services for education including loans and refinancing 80Funding top 20%Market top 23%Moat top 23%Fin. health top 26% All 10 signals ▾Fundingtop 20% Markettop 23% Moattop 23% Fin. healthtop 26% Techtop 36% Newstop 36% Growthtop 40% Producttop 42% Talentbottom 49% Globalbottom 39% Funding: Raised $299M across 15 rounds · 15 rounds over 20 yrs (0.8/yr) Market: 736 employees (top 11% of Fintech) · Revenue ~$278M rank vs industry peers · Fliar Intelligence Index 80/100 | $299M | $278M FY2025 | — | 736 736 → 1,296 (+76%) · sector median +48% | Animate.cssBootstrapAmazon Web Services+21 | 1 award |
| 6 | InCred 🦄 Provider of financial services specializing in personal, education, and business loans 91Funding top 17%Moat top 17%Fin. health top 20%Market top 22% All 9 signals ▾Fundingtop 17% Moattop 17% Fin. healthtop 20% Markettop 22% Talenttop 22% Techtop 27% Growthtop 33% Globalbottom 39% Newsbottom 37% Funding: Raised $318M across 13 rounds · 13 rounds over 9 yrs (1.4/yr) Moat: Top 1% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 9/10 rank vs industry peers · Fliar Intelligence Index 91/100 | $318M | $223M FY2025 | +46% | 2,127 | Apple iCloud MailGoogle WorkspaceRadix UI+16 | — |
| 7 | Rebel Foods 🦄 Operator of internet restaurants offering various cuisines through multiple brands 78Tech top 14%Funding top 16%Moat top 20%Market top 21% All 12 signals ▾Techtop 14% Fundingtop 16% Moattop 20% Markettop 21% Producttop 22% Talenttop 23% Newstop 38% Innovationtop 46% Fin. healthtop 46% Patentstop 47% Growthbottom 44% Globalbottom 39% Tech: 45 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services Funding: Raised $516M across 24 rounds · 24 rounds over 16 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 78/100 | $516M | $196M FY2025 | +12% | 5,884 5,884 → 3,512 (-40%) · sector median +48% | MediumTypeScriptGraphQL+18 | — |
| 8 | UpGrad 🦄 Higher education and upskilling platform 92Tech top 9%Market top 14%Funding top 15%Moat top 17% All 12 signals ▾Techtop 9% Markettop 14% Fundingtop 15% Moattop 17% Customerstop 22% Talenttop 22% Newstop 29% Producttop 29% Partnerstop 33% Growthtop 39% Globaltop 42% Fin. healthtop 44% Tech: 99 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Market: 6,181 employees (top 1% of EdTech) · Revenue ~$195M rank vs industry peers · Fliar Intelligence Index 92/100 | $329M | $195M FY2025 | +7% | 6,181 | HubSpot CMS HubApple iCloud MailMicrosoft 365+34 | — |
| 9 | CleanMax Developer of solar energy projects 78Product top 14%Innovation top 20%Funding top 22%News top 23% All 12 signals ▾Producttop 14% Innovationtop 20% Fundingtop 22% Newstop 23% Markettop 34% Moattop 34% Growthtop 37% Talenttop 38% Techtop 39% Fin. healthbottom 49% Partnersbottom 46% Globalbottom 39% Product: 6 distinct product lines · Company stage: Public Innovation: 6 product lines rank vs industry peers · Fliar Intelligence Index 78/100 | $443M | $190M FY2025 | — | 333 | WebflowAmazon Web ServicesGSAP+17 | 2 partnerships |
| 10 | Continuum Wind Energy Independent power producer specializing in the development and operation of large-scale renewable energy… 50Funding top 34%Fin. health top 35%Product top 42%Moat top 48% All 10 signals ▾Fundingtop 34% Fin. healthtop 35% Producttop 42% Moattop 48% Markettop 50% Talentbottom 49% Growthbottom 47% Techbottom 43% Globalbottom 43% Newsbottom 28% Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% rank vs industry peers · Fliar Intelligence Index 50/100 | $150M | $167M FY2024 | — | 180 | PerlPHPUNIX+20 | — |
| 11 | Everest Fleet Provider of fleet management services including vehicle rentals and employee mobility 78Moat top 20%Talent top 23%Funding top 25%Market top 26% All 10 signals ▾Moattop 20% Talenttop 23% Fundingtop 25% Markettop 26% Growthtop 32% Producttop 35% Fin. healthtop 39% Techbottom 44% Globalbottom 39% Newsbottom 24% Moat: Top 1% by revenue among 458 tracked Road Transport Tech companies · Editorial + unicorn rating 8/10 Talent: 8 named leaders on record · 8 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 78/100 | $64M | $150M FY2025 | +19% | 1,946 1,946 → 1,320 (-32%) · sector median +48% | WordPressMySQLPHP+11 | — |
| 12 | Atomberg Manufacturer of energy efficient ceiling fans kitchen appliances smart locks 84News top 16%Moat top 20%Funding top 21%Tech top 23% All 11 signals ▾Newstop 16% Moattop 20% Fundingtop 21% Techtop 23% Markettop 24% Growthtop 29% Producttop 29% Talenttop 36% Customerstop 37% Fin. healthtop 40% Globalbottom 39% News: 11 BI events in 12 mo (of 29 tracked, 7 types) · +450% YoY Moat: Top 1% by revenue among 180 tracked Smart Homes companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 84/100 | $128M | $118M FY2025 | +21% | 765 765 → 1,422 (+86%) · sector median +48% | Cart FunctionalityTypeScriptGraphQL+26 | 1 award |
| 13 | SILA Provider of facility management, material handling, food catering, real estate advisory, and development… | $18M | $108M FY2025 | +28% | 18,077 | WordPress Block EditorElementorWordPress+42 | 1 partnership |
| 14 | Branch Provider of digital financial services including loans, transfers, payments, and investments 93Growth top 13%Fin. health top 18%Moat top 21%Funding top 23% All 7 signals ▾Growthtop 13% Fin. healthtop 18% Moattop 21% Fundingtop 23% Markettop 25% Talenttop 28% Globalbottom 45% Growth: Headcount 129 → 204 (+58%) across vintages · Revenue +137% YoY Fin. health: Revenue ~$98.4M (FY2021) · Net margin 13.3% rank vs industry peers · Fliar Intelligence Index 93/100 | $105M | $98M FY2025 | +137% | 204 204 → 450 (+121%) · sector median +48% | — | 1 job opening · 1 partnership |
| 15 | Servify AI powered product lifecycle management platform 76Funding top 19%Moat top 21%Tech top 23%Talent top 23% All 12 signals ▾Fundingtop 19% Moattop 21% Techtop 23% Talenttop 23% Markettop 29% Producttop 37% AItop 45% Fin. healthtop 45% Globaltop 49% Growthbottom 41% Newsbottom 24% Customersbottom 22% Funding: Raised $138M across 15 rounds · 15 rounds over 10 yrs (1.5/yr) Moat: Top 4% by revenue among 277 tracked Consumer Electronics E-Commerce companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 76/100 | $138M | $93M FY2025 | — | 422 422 → 532 (+26%) · sector median +48% | WordPressApple iCloud MailGoogle Workspace+23 | — |
| 16 | GreenCell Mobility Provider of end-to-end e-mobility solutions, including electric bus operations and technology services 55News top 17%Funding top 21%Growth top 25%Moat top 27% All 11 signals ▾Newstop 17% Fundingtop 21% Growthtop 25% Moattop 27% Producttop 40% Innovationtop 43% Fin. healthtop 46% Markettop 48% Talentbottom 40% Globalbottom 39% Techbottom 21% News: 9 BI events in 12 mo (of 39 tracked, 5 types) · +350% YoY Funding: Raised $552M across 5 rounds · 5 rounds over 4 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $552M | $80M FY2025 | +32% | 11 | UbuntuNginxDigitalOcean Spaces+2 | 1 partnership · 2 awards |
| 17 | Aditya Birla Renewables Leading industry player in clean energy solutions with a decade of experience in executing large-scale and… 72Growth top 20%Funding top 25%News top 25%Moat top 31% All 10 signals ▾Growthtop 20% Fundingtop 25% Newstop 25% Moattop 31% Markettop 42% Fin. healthtop 43% Partnerstop 47% Talentbottom 49% Techbottom 37% Globalbottom 37% Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $334M | $69M FY2025 | +47% | 222 222 → 494 (+123%) · sector median +48% | Animate.cssBootstrapCloudflare+10 | 1 job opening · 1 award |
| 18 | Radiance Renewables Provider of open access and behind-the-meter solar energy solutions 57News top 25%Funding top 27%Growth top 32%Moat top 36% All 9 signals ▾Newstop 25% Fundingtop 27% Growthtop 32% Moattop 36% Fin. healthtop 37% Talenttop 38% Markettop 49% Globalbottom 37% Techbottom 29% News: 7 BI events in 12 mo (of 22 tracked, 5 types) · +133% YoY Funding: Raised $100M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $100M | $68M FY2025 | +35% | 106 106 → 153 (+44%) · sector median +48% | WordPressMySQLPHP+12 | 2 partnerships · 1 award |
| 19 | CoinDCX 🦄 Cryptocurrency exchange and trading service provider 78Moat top 17%Customers top 20%Funding top 21%Fin. health top 29% All 11 signals ▾Moattop 17% Customerstop 20% Fundingtop 21% Fin. healthtop 29% Markettop 32% Techtop 32% Talenttop 34% Producttop 36% Growthtop 49% Globalbottom 45% Newsbottom 24% Moat: Top 1% by revenue among 87 tracked Cryptocurrencies companies · Editorial + unicorn rating 9/10 Customers: Play-Store rating 4.44★ across 418,874 ratings (1 apps) · Review volume +3% in 6 mo rank vs industry peers · Fliar Intelligence Index 78/100 | $247M | $68M FY2025 | +45% | 98 | Apple iCloud MailGoogle WorkspaceNode.js+21 | 2 awards |
| 20 | Auxilo Provider of financial products focused on education loans and related services 78Fin. health top 19%Moat top 20%Funding top 22%Market top 30% All 9 signals ▾Fin. healthtop 19% Moattop 20% Fundingtop 22% Markettop 30% Techtop 37% Growthtop 38% Talentbottom 49% Globalbottom 37% Newsbottom 34% Fin. health: Revenue ~$64.3M (FY2024) · Net margin 21.2% Moat: Top 1% by revenue among 422 tracked Higher Education Tech companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 78/100 | $127M | $64M FY2025 | +48% | 392 392 → 547 (+40%) · sector median +48% | Bootstrapcore-jsSweetAlert2+13 | 5 job openings · 1 internship |
| 21 | Isprava Developer of luxury residential properties | $160M | $64M FY2025 | +18% | 767 767 → 551 (-28%) · sector median +48% | WordPressMySQLPHP+33 | 2 partnerships |
| 22 | Miko Technologies Provider of AI-powered robots designed as companions for children’s learning 92Fin. health top 15%Funding top 17%Moat top 20%Market top 26% All 12 signals ▾Fin. healthtop 15% Fundingtop 17% Moattop 20% Markettop 26% Techtop 28% Talenttop 28% Customerstop 34% Growthtop 39% Producttop 40% AItop 45% Globalbottom 48% Newsbottom 26% Fin. health: Revenue ~$44.4M (FY2021) · Net margin 92.2% Funding: Raised $75.6M across 19 rounds · 19 rounds over 10 yrs (1.9/yr) rank vs industry peers · Fliar Intelligence Index 92/100 | $76M | $44M FY2024 | +61% | 235 235 → 484 (+106%) · sector median +48% | Cart FunctionalityShopifySentry+28 | — |
| 23 | Fullife Manufacturer of effervescent nutritional and pharmaceutical products 69Moat top 19%Product top 21%News top 22%Funding top 27% All 11 signals ▾Moattop 19% Producttop 21% Newstop 22% Fundingtop 27% Fin. healthtop 32% Innovationtop 34% Markettop 36% Growthtop 38% Talenttop 38% Globalbottom 39% Techbottom 34% Moat: Top 2% by revenue among 243 tracked Nutraceuticals Tech companies · Editorial + unicorn rating 8/10 Product: 4 distinct product lines · Company stage: Series D rank vs industry peers · Fliar Intelligence Index 69/100 | $45M | $31M FY2025 | +35% | 100 | PHPGoogle MapsOpenSSL+15 | — |
| 24 | Kuku FM Provider of audiobooks, stories, and podcasts across various genres | $72M | $31M FY2025 | +148% | 327 | SentryApple iCloud MailGoogle Workspace+19 | 2 partnerships |
| 25 | Khetika Internet first brand of dry fruits and ready to cook products 74News top 22%Funding top 27%Talent top 28%Growth top 32% All 9 signals ▾Newstop 22% Fundingtop 27% Talenttop 28% Growthtop 32% Techtop 32% Fin. healthtop 39% Moattop 42% Markettop 43% Globalbottom 37% News: 10 BI events in 12 mo (of 10 tracked, 4 types) · 3 high-value events (IPO/M&A/funding/contracts) in 12 mo Funding: Raised $18.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 74/100 | $18M | $29M FY2025 | +50% | 123 | Cart FunctionalityShopifyAmazon Web Services+19 | — |
| 26 | Idfy Provider of a platform for identity verification and risk management 83Tech top 18%Moat top 20%Talent top 23%Funding top 24% All 9 signals ▾Techtop 18% Moattop 20% Talenttop 23% Fundingtop 24% Growthtop 31% Markettop 32% Producttop 32% Fin. healthtop 39% Globalbottom 39% Tech: 74 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Top 1% by revenue among 135 tracked GRC Software companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 83/100 | $59M | $23M FY2025 | +30% | 536 536 → 917 (+71%) · sector median +48% | WordPressMySQLPHP+29 | — |
| 27 | Qure.ai Provider of AI-powered solutions for medical image analysis and reporting 80Funding top 20%Moat top 21%Tech top 30%AI top 30% All 11 signals ▾Fundingtop 20% Moattop 21% Techtop 30% AItop 30% Producttop 30% Markettop 31% Growthtop 43% Talenttop 44% Fin. healthtop 47% Globalbottom 47% Newsbottom 33% Funding: Raised $123M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) Moat: Top 4% by revenue among 28 tracked Clinical Labs IT companies · Editorial + unicorn rating 8/10 rank vs industry peers · Fliar Intelligence Index 80/100 | $123M | $23M FY2025 | +24% | 228 228 → 418 (+83%) · sector median +48% | Node.jsZohoHeadless UI+18 | 1 partnership |
| 28 | BlackSoil Provider of alternative debt and supply chain financing solutions to businesses 64Funding top 22%Talent top 23%Fin. health top 32%Moat top 37% All 11 signals ▾Fundingtop 22% Talenttop 23% Fin. healthtop 32% Moattop 37% Producttop 39% Markettop 44% Innovationtop 45% Growthtop 47% Techbottom 45% Globalbottom 37% Newsbottom 24% Funding: Raised $298M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) Talent: 6 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 64/100 | $298M | $23M FY2025 | +20% | 82 82 → 171 (+109%) · sector median +48% | WordPressMySQLPHP+13 | 1 award |
| 29 | Pepperfry Online platform offering multi-category home products | $302M | $22M FY2025 | -11% | 421 | Cart FunctionalityMagentoTypeScript+35 | 2 job openings · 3 expansions |
| 30 | Wellbeing Nutrition Provider of organic whole-food nutritional supplements 72Growth top 18%Tech top 24%News top 25%Funding top 32% All 10 signals ▾Growthtop 18% Techtop 24% Newstop 25% Fundingtop 32% Moattop 34% Producttop 42% Markettop 43% Fin. healthtop 49% Talentbottom 48% Globalbottom 37% Growth: Headcount 34 → 108 (+218%) across vintages · Revenue +65% YoY Tech: 57 technologies across 5/8 capability areas · Cloud: Akamai, Amazon S3 rank vs industry peers · Fliar Intelligence Index 72/100 | $14M | $14M FY2025 | +65% | 108 108 → 196 (+81%) · sector median +48% | Cart FunctionalityShopifySentry+37 | — |
| 31 | Ecofy Financial solutions for the electric vehicle, solar, and SME sectors 69Growth top 16%News top 19%Moat top 26%Funding top 30% All 11 signals ▾Growthtop 16% Newstop 19% Moattop 26% Fundingtop 30% Talenttop 38% Markettop 39% Fin. healthtop 42% Techtop 44% Producttop 49% Innovationbottom 40% Globalbottom 39% Growth: Headcount 119 → 208 (+75%) across vintages · Revenue +206% YoY News: 6 BI events in 12 mo (of 17 tracked, 5 types) · +200% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $11M | $13M FY2025 | +206% | 208 208 → 422 (+103%) · sector median +48% | DrupalPHPBootstrap+16 | — |
| 32 | Mintoak Digital payments and engagement solutions for MSMEs 69Customers top 22%Talent top 23%Moat top 31%Funding top 32% All 11 signals ▾Customerstop 22% Talenttop 23% Moattop 31% Fundingtop 32% Fin. healthtop 33% Growthtop 38% Markettop 45% Producttop 47% Techtop 50% Newsbottom 37% Globalbottom 37% Customers: App rating 4.6★ (139,511 reviews) · Review volume +1% in 6 mo Talent: 5 named leaders on record · 5 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 69/100 | $40M | $13M FY2025 | +27% | 134 134 → 153 (+14%) · sector median +48% | Node.jsTailwind CSSReact+12 | 1 launch · 2 partnerships · 1 expansion |
| 33 | Easy Home Finance Provider of home loans and refinancing options 60Moat top 21%Funding top 26%Product top 29%Growth top 35% All 11 signals ▾Moattop 21% Fundingtop 26% Producttop 29% Growthtop 35% Innovationtop 38% Talenttop 38% Markettop 41% Newstop 46% Fin. healthbottom 45% Globalbottom 39% Techbottom 35% Moat: Top 11% by revenue among 743 tracked Alternative Lending companies · Editorial + unicorn rating 7/10 Funding: Raised $61.3M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | $61M | $12M FY2025 | — | 743 743 → 951 (+28%) · sector median +48% | UbuntuAnimate.cssBootstrap+8 | 1 job opening · 2 expansions · 1 award |
| 34 | Jupiter Online platform offering a suite of financial services 72Tech top 12%News top 18%Customers top 20%Moat top 24% All 12 signals ▾Techtop 12% Newstop 18% Customerstop 20% Moattop 24% Fundingtop 25% Partnerstop 26% Markettop 35% Growthtop 37% Producttop 46% Talentbottom 49% Globalbottom 39% Fin. healthbottom 37% Tech: 59 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services News: 7 BI events in 12 mo (of 16 tracked, 5 types) · +600% YoY rank vs industry peers · Fliar Intelligence Index 72/100 | $167M | $11M FY2025 | +13% | 415 | GhostNode.jsTailwind CSS+26 | — |
| 35 | Pluckk Online retailer of fresh fruits, vegetables, exotics, cuts, and mixes 62News top 13%Moat top 25%Growth top 29%Tech top 36% All 10 signals ▾Newstop 13% Moattop 25% Growthtop 29% Techtop 36% Markettop 42% Fundingtop 44% Fin. healthtop 50% Talentbottom 49% Productbottom 48% Globalbottom 37% News: 13 BI events in 12 mo (of 41 tracked, 7 types) · +225% YoY Moat: Top 9% by revenue among 804 tracked Online Grocery companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 62/100 | $11M | $10M FY2025 | +100% | 115 115 → 155 (+35%) · sector median +48% | Node.jsGoogle MapsReact+22 | 1 partnership |
| 36 | uppercase Online retailer of eco-friendly backpacks, trolley bags, duffle bags, and accessories 64Talent top 23%Moat top 24%Growth top 29%Funding top 30% All 9 signals ▾Talenttop 23% Moattop 24% Growthtop 29% Fundingtop 30% Markettop 44% Newstop 47% Techtop 48% Fin. healthbottom 43% Globalbottom 37% Talent: 6 named leaders on record · 6 C-suite/founder profiles curated Moat: Top 7% by revenue among 1223 tracked Fashion Tech companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 64/100 | $20M | $10M FY2025 | +33% | 68 68 → 94 (+38%) · sector median +48% | Cart FunctionalityShopifyYouTube+24 | 1 job opening |
| 37 | Neo Group Provider of wealth and asset management | $92M | $9M FY2025 | +66% | 170 | Node.jsUbuntuSvelteKit+14 | — |
| 38 | PharmEasy Online medical store offering pharmaceutical products and diagnostic services 57Funding top 19%Customers top 20%Moat top 22%Market top 31% All 11 signals ▾Fundingtop 19% Customerstop 20% Moattop 22% Markettop 31% Producttop 32% Talenttop 32% Newstop 35% Techtop 38% Globalbottom 39% Fin. healthbottom 34% Growthbottom 31% Funding: Raised $688M across 9 rounds · 9 rounds over 11 yrs (0.8/yr) Customers: Play-Store rating 4.33★ across 832,451 ratings (1 apps) · Review volume +2% in 6 mo rank vs industry peers · Fliar Intelligence Index 57/100 | $688M | $9M FY2025 | -27% | 495 | SalesforceEnvoyReact+10 | — |
| 39 | The Hosteller Provider of backpacker hostels with dormitory system accommodation in various locations | $9M | $9M FY2025 | +48% | 620 620 → 597 (-4%) · sector median +48% | TypeScriptGraphQLNode.js+24 | 1 job opening · 2 expansions |
| 40 | HyugaLife Provider of an e-commerce platform that sells authentic health and wellness products 69News top 19%Moat top 25%Talent top 28%Market top 32% All 10 signals ▾Newstop 19% Moattop 25% Talenttop 28% Markettop 32% Fundingtop 35% Growthtop 36% Techtop 45% Fin. healthbottom 49% Productbottom 48% Globalbottom 37% News: 6 BI events in 12 mo (of 14 tracked, 2 types) · 6 high-value events (IPO/M&A/funding/contracts) in 12 mo Moat: Top 7% by revenue among 319 tracked Fitness & Wellness Tech companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $11M | $5M FY2025 | +27% | 82 82 → 77 (-6%) · sector median +48% | Node.jsHeadless UITailwind CSS+19 | — |
| 41 | Knight FinTech A digital banking technology company that provides full-stack banking solutions for lending, treasury… 50News top 32%Growth top 33%Funding top 35%Talent top 38% All 9 signals ▾Newstop 32% Growthtop 33% Fundingtop 35% Talenttop 38% Moattop 48% Marketbottom 48% Globalbottom 45% Techbottom 44% Fin. healthbottom 34% News: 4 BI events in 12 mo (of 6 tracked, 2 types) · Top themes: Funding, Capital raise Growth: Headcount 178 → 291 (+63%) across vintages · Revenue +4% YoY rank vs industry peers · Fliar Intelligence Index 50/100 | $33M | $4M FY2025 | +4% | 291 291 → 352 (+21%) · sector median +48% | Windows ServerMicrosoft ASP.NETBootstrap+18 | — |
| 42 | Amaha Provider of online therapy, psychiatry services, and mental healthcare support 67Moat top 26%Tech top 27%Customers top 28%Funding top 34% All 11 signals ▾Moattop 26% Techtop 27% Customerstop 28% Fundingtop 34% Markettop 36% Talenttop 38% Growthtop 40% Productbottom 48% Fin. healthbottom 42% Globalbottom 39% Newsbottom 18% Moat: Top 11% by revenue among 46 tracked Employee Health IT companies · Editorial + unicorn rating 7/10 Tech: 44 technologies across 5/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 67/100 | $15M | $4M FY2025 | — | 212 212 → 322 (+52%) · sector median +48% | Node.jsGoogle Sign-inYouTube+27 | — |
| 43 | Transvolt Provider of zero-emission mobility services through electric vehicle platform 62Growth top 17%Moat top 28%Talent top 28%Funding top 36% All 9 signals ▾Growthtop 17% Moattop 28% Talenttop 28% Fundingtop 36% Producttop 40% Fin. healthtop 41% Marketbottom 45% Globalbottom 45% Techbottom 28% Growth: Revenue +16803% YoY · Web rank 50,000,000 → 10,000,000 YoY Moat: Top 16% by revenue among 458 tracked Road Transport Tech companies · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 62/100 | $41M | $3M FY2025 | +16803% | — | Tailwind CSSReactReact Router+2 | — |
| 44 | Neysa 🦄 Provider of AI acceleration cloud system with infrastructure and services 82AI top 20%Innovation top 21%Funding top 22%Growth top 24% All 12 signals ▾AItop 20% Innovationtop 21% Fundingtop 22% Growthtop 24% Moattop 25% Newstop 32% Producttop 33% Techtop 38% Markettop 47% Fin. healthtop 48% Talentbottom 49% Globalbottom 39% AI: Classified as an AI company Innovation: 4 new-product events in 24 mo · Deep-tech classification: Artificial Intelligence rank vs industry peers · Fliar Intelligence Index 82/100 | $50M | $3M FY2025 | +15195% | 45 | WordPress Site EditorWordPressZoho+34 | — |
| 45 | Tikona Internet service provider | $379M | $2M FY2018 | -96% | 1,152 | MUIReactReact Router+8 | — |
| 46 | Vertelo Provider of electric vehicle fleet leasing, financing, and charging infrastructure services 42Growth top 14%News top 25%Funding top 30%Talent bottom 49% All 9 signals ▾Growthtop 14% Newstop 25% Fundingtop 30% Talentbottom 49% Techbottom 44% Globalbottom 39% Fin. healthbottom 38% Moatbottom 34% Marketbottom 23% Growth: Revenue +4453% YoY · Web rank 50,000,000 → 10,000,000 YoY News: 5 BI events in 12 mo (of 9 tracked, 4 types) · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 42/100 | $405M | $1M FY2025 | +4453% | 14 14 → 35 (+150%) · sector median +48% | Cart FunctionalitySquarespace CommerceSquarespace+13 | — |
| 47 | Weaver Provider of affordable housing finance, specializing in low-cost housing solutions 13Funding top 18%Talent top 28%Global bottom 45%Tech bottom 41% All 6 signals ▾Fundingtop 18% Talenttop 28% Globalbottom 45% Techbottom 41% Fin. healthbottom 13% Marketbottom 8% Funding: Raised $326M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 13/100 | $326M | $12K FY2025 | — | — | Radix UITailwind CSSshadcn/ui+8 | — |
| 48 | Apraava Provider of integrated energy solutions 62Growth top 27%News top 27%Funding top 30%Fin. health top 35% All 9 signals ▾Growthtop 27% Newstop 27% Fundingtop 30% Fin. healthtop 35% Moattop 35% Markettop 41% Partnersbottom 41% Globalbottom 37% Techbottom 25% Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY rank vs industry peers · Fliar Intelligence Index 62/100 | $451M | — | — | 182 | Kentico CMSThree.jsYouTube+10 | — |
| 49 | IRESH Consultants Management consulting and advisory firm focused on helping startups, MSMEs, and enterprises achieve scalable… | $150M | — | — | — | TurbopackNode.jsUbuntu+11 | — |
| 50 | Culinary Brands Chain of limited service restaurant 35Funding top 22%Growth top 35%Talent bottom 49%News bottom 45% All 7 signals ▾Fundingtop 22% Growthtop 35% Talentbottom 49% Newsbottom 45% Globalbottom 43% Marketbottom 34% Techbottom 16% Funding: Raised $65.5M · 2 rounds over 4 yrs (0.5/yr) Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 35/100 | $66M | — | — | 14 | WordPressMySQLPHP+7 | — |
Top 12 companies in Mumbai
#1
UpGrad 🦄Series C · Mumbai, Maharashtra · founded 2015 · 6181 employees$329.2Mraised▾
Higher education and upskilling platform. It provides online degree programs, professional certifications, and career transition courses in partnership with universities and industry experts. It partners with universities and industry organizations to provide structured learning pathways for students and working professionals, focusing on career advancement, job readiness, and lifelong learning through technology-enabled education.
- May 2026Series C$38M
- Oct 2024Series C$60M
- Jun 2024Venture Debt$34.4M
- Mar 2023Series B$36.4M
#2
Series C · Mumbai, Maharashtra · founded 2010 · 82 employees$298.1Mraised▾
Provider of alternative debt and supply chain financing solutions to businesses. It focuses on providing debt to growing businesses underserved by traditional financial institutions. The company underwrites business models of emerging financial institutions. It also operates a supply chain fintech platform to streamline financing for suppliers and buyers.
- Mar 2026Conventional Debt$22M
- Dec 2025Series C$7.2M
- Mar 2024Conventional Debt$205.4M
- Mar 2024Series C$12.1M
#3
Acquired · Mumbai, Maharashtra · founded 2019 · 11 employees$552.3Mraised▾
Provider of end-to-end e-mobility solutions, including electric bus operations and technology services. It is an electric-bus mobility platform in India that offers end-to-end shared e-mobility solutions. They aim to integrate and create powerful connected electric vehicle technology solutions. The company primarily focuses on leveraging proven global experience to become a leading pan-India shared electric mobility player.
- Jan 2026Series C$89M
- Jan 2026Conventional Debt—
- Sep 2025Conventional Debt$37M
- Jul 2023Conventional Debt$365.8M
#4
Late Stage · Mumbai, Maharashtra · founded 2025$326Mraised▾
Provider of affordable housing finance, specializing in low-cost housing solutions.
- Mar 2026Unattributed$156M
- Aug 2025Unattributed$170M
#5
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees$149.7Mraised▾
Independent power producer specializing in the development and operation of large-scale renewable energy projects. It is focused on focused on the generation and supply of renewable energy, including wind, solar, and hybrid power. The company is recognized for its grid-connected green energy projects. Their mission is to supply clean green power.
- Mar 2026Series D$67.5M
- Aug 2024Series D$150M
- Jul 2022Conventional Debt$350M
#6
Series B · Mumbai, Maharashtra · founded 2021 · 170 employees$91.6Mraised▾
Provider of wealth and asset management. The company offers wealth management services, specialized intergenerational solutions, and bespoke solutions for global clients. It also provides asset management services as a private markets manager, delivering sustainable bespoke solutions across credit, equities, and real assets.
- Mar 2026PE$53.7M
- Nov 2025Series B$25M
- Aug 2025Series B$19M
- Feb 2025Series B$20M
#7
Series F · Mumbai, Maharashtra · founded 2015 · 495 employees$688.4Mraised▾
Online medical store offering pharmaceutical products and diagnostic services. The platform facilitates the procurement of prescription medications, over-the-counter health products, and medical equipment. It coordinates with registered pharmacies to fulfill orders and manages the collection of biological samples for laboratory testing. Diagnostic results are processed and delivered to individuals for health monitoring purposes. The service model includes subscription options for recurring medical needs and provides access to health information regarding various conditions and treatments.
- Sep 2025Conventional Debt$193M
- May 2022Series F—
- Feb 2022Series F—
- Jun 2021Series F$300M
#8
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees$451Mraised▾
Provider of integrated energy solutions. It offering a diversified portfolio of low-carbon power generation, interstate power transmission, and smart meter deployment. The company delivers end-to-end project development services across renewable energy, grid infrastructure, and advanced metering. It focuses on scaling clean energy capacity, strengthening transmission networks, and enabling intelligent power management.
- Dec 2025Conventional Debt$92M
- Sep 2018Unattributed$368M
#9
Series C · Mumbai, Maharashtra · founded 2018 · 327 employees$72.3Mraised▾
Provider of audiobooks, stories, and podcasts across various genres. It offers a diverse catalog of audio content for listening. It provides audiobooks, podcasts, stories, summaries, and educational audio content through its mobile app and website.
- Mar 2026Angel—
- Oct 2025Series C$50M
- Sep 2023Series C$25M
- Jan 2022Series B$41.3M
#10
Public · Mumbai, Maharashtra · founded 2007 · 789 employees$838.6Mraised▾
Provider of loans, investments, insurance, UPI, and bill payment services. They offer housing, personal, SME, business, gold, and property loans. Investment options include mutual funds, stocks, securities, and fixed deposits. Insurance offerings cover life, health, motor, pocket, and travel needs. The company also provides UPI and bill payment solutions.
- Aug 2025Post IPO—
- Jan 2025Conventional Debt$95.9M
- Jun 2023Post IPO$366M
- Aug 2022Post IPO$83.1M
#11
Series G · Mumbai, Maharashtra · founded 2010 · 5884 employees$516.2Mraised▾
Operator of internet restaurants offering various cuisines through multiple brands. The business uses an operating system to build and scale brands. It identifies consumer food patterns to create brands that answer specific food missions. The company offers various options, including biryani, desserts, wraps, and bowls.
- Sep 2025Venture Debt$17M
- Apr 2025Series G$25M
- Dec 2024Series G$45.8M
- May 2024Venture Debt$13.2M
#12
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees$333.6Mraised▾
Aditya Birla Renewables is a leader in providing clean energy solutions, focusing on solar, wind, and hybrid power solutions for public and private sector customers. As a part of the Aditya Birla Group, the company boasts a 2 GWp portfolio of renewable energy projects.
- Dec 2025PE$333.6M