Company lists
The Panaji edition · 2026

Startupcompanies in Panaji

Travel & stays, gaming & sports, food & grocery, marketing & IT, HR & finance and more: the companies building startup in Panaji, with their founders, funding, team size and business models.

156 company profiles40 with reported revenue11 with recorded fundingOctober 2026 edition

Recent startup business events in India

Funding, M&A, contract wins and launches involving 336,782 startups in India, last 24 months: 5840 Contracts · 4646 M&A deals · 2554 funding rounds · 1400 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

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
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
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
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
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
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
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
ContractInfrastructure

Bajel Projects · client: Datacenter Client

Bajel Projects has received a mega EPC contract from Datacenter Client (Mumbai) for design, engineering, procurement, supply, erection, testing, commissioning and performance testing of…

Infrastructure

Startup companies in Panaji, by revenue

Browse startups in Panaji by reported revenue, one-year revenue growth, revenue model, age and stage. The 40 companies below are the largest by their most recent reported revenue among 40 startups in Panaji 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 40

Operator of passenger airlines

Passenger airlines
₹137.20 crFY 2024-25
+3596%2024–2025
238LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jun 2026

Provider of HR consulting services

Marketing services
₹85.24 crFY 2023-24
+1310%2023–2024
55-8% vs previous recordLinkedIn · Jul 2026
7 yr2019
0none in 3 months

Retailer of skincare products including serums, lip balms, and face masks

Beauty tech
₹50.38 crFY 2024-25
Not reported
98LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Third-party logistics company providing personalized logistics and transportation solutions to clients

Freight forwarders
₹30.64 crFY 2024-25
+28%2024–2025
—Not available
15 yr2011
0none in 3 months

Provider of serviced apartments and aparthotels solutions for long-staying travelers

Online travel
₹21.07 crFY 2024-25
+58%2024–2025
38LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of building analytics and asset management solutions

Energy efficiency tech
₹12.91 crFY 2024-25
+5%2024–2025
59+2% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Brand offering juice products

Food & beverage products
₹11.69 crFY 2023-24
Not reported
—Not available
8 yr2018
—No postings tracked

Offers a digital logistics transportation and supply chain management solutions

Scm software
₹9.24 crFY 2024-25
+89%2024–2025
41LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of luxury concierge services

Professional consumer services
₹6.73 crFY 2024-25
+66%2024–2025
88LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Startup studio focused on mobile technologies

Accelerators & incubators
₹6.68 crFY 2024-25
+71%2024–2025
35LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Clothing label using implemented through 100% organic & fair trade farming

Apparel brands
₹4.68 crFY 2024-25
-5%2024–2025
10LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Jun 2026

Recruitment agency specializing in providing skilled truck drivers for global companies

Hr services
₹3.66 crFY 2024-25
+39%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of end-to-end services for planning destination weddings and events

Events tech
₹3.14 crFY 2024-25
+673%2024–2025
12LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted May 2024

Provider of travel agency services

Travel agencies
₹2.38 crFY 2021-22
Not reported
21LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Online platform offering admission test preparation resources

Test preparation tech
₹2.50 crFY 2024-25
+1278%2024–2025
17LinkedIn · Jul 2026
3 yr2023
0none in 3 months · last posted Feb 2026

Platform offering telemedicine health services

Healthcare booking platforms
₹2.02 crFY 2024-25
+112%2024–2025
2LinkedIn · Jul 2026
3 yr2023
0none in 3 months

App-based social commerce solutions for e-commerce brands

Social commerce
₹1.66 crFY 2024-25
+23334%2024–2025
11LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of an AI and cloud-based integrated platform for IoT applications

Internet of things infrastructure
₹1.42 crFY 2024-25
+44%2024–2025
47LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of plant-based food products made primarily from jackfruit

Food & beverage products
₹1.04 crFY 2024-25
Not reported
15LinkedIn · Jul 2026
6 yr2020
0none in 3 months

SaaS-based provider of websites and booking engines for tour operators

Online travel
₹88.69 lakhFY 2024-25
+5%2024–2025
8LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jun 2026

Internet first brand offering organic carbonated drinks

Online grocery
₹80.04 lakhFY 2022-23
Not reported
—Not available
7 yr2019
—No postings tracked

Provider of loan assistance and financial strategy development, including government scheme guidance

Consumer and sme loans
₹80.22 lakhFY 2024-25
+552%2024–2025
26LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Operator of travel company specializing in travel experiences

Tour operators
₹41.65 lakhFY 2021-22
Not reported
65LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted May 2026

Operator of beach goa hostel

Hotels
₹44.03 lakhFY 2024-25
+1%2024–2025
—Not available
9 yr2017
0none in 3 months

Online platform offering dairy product supplies

Livestock tech
₹36.68 lakhFY 2024-25
-65%2024–2025
—Not available
6 yr2020
0none in 3 months
40 of 156 companies shown here · the full list is on Radar
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Explore startups in Panaji by what you are looking for

Discover startups in Panaji and the top startups across travel, hospitality, gaming, food and marketing. Browse startup companies in Panaji, Goa, from tech startups to consumer brands.

8 ways to explore startup in Panaji

Travel, hotel & vacation rental startupsOnline gaming, casino & sports startupsFood, beverage & online grocery startupsMarketing, IT services & AI startupsHR tech, recruitment & investment tech startupsFashion, apparel & retail brands

Travel, hotel & vacation rental startups

Startups in hostels, villas, vacation rentals, tours and travel booking.

  1. Staymaster

    Provider of serviced apartments and aparthotels solutions for long-staying travelers

    Online travel
    See in list
  2. BIZ Nest

    Provider of travel agency services

    Travel agencies
    See in list
  3. Make It Happen

    Operator of travel company specializing in travel experiences

    Tour operators
    See in list
  4. Happy Panda Hostel

    Operator of beach goa hostel

    Hotels
    See in list
  5. OneBoard

    Provider of curated tours and activities booking platform. It offers a selection of authentic and quality tours and activities. The platform helps travelers find and book experiences, ensuring a streamlined process. It aims to eliminate scams and overcharging by working with verified local businesses. Customers can choose from pre-designed itineraries or request custom options. The platform also provides access to local guides and insights through blogs and guides.

    Online travel
    See in list

Online gaming, casino & sports startups

Startups in online casino, betting, fantasy and sports platforms.

  1. Adda52

    Online gaming portal to play casino games in India

    Mobile gaming
    Website
  2. Deltin Royale

    Online platform offering multi-category casino and gambling activities

    Gambling tech
    Website
  3. India Casino Info

    Platform offering online casino reviews

    Gambling tech
    Website
  4. SaffronExch

    Online betting platform for multi sports

    Gambling tech
    Website
  5. Majestic Pride Casino

    Operator of platform providing casino games and events

    Gambling tech
    Website

Food, beverage & online grocery startups

Startups making food and beverage products and selling groceries online.

  1. Nature Day

    Brand offering juice products

    Food & beverage products
    See in list
  2. Wakao

    Provider of plant-based food products made primarily from jackfruit

    Food & beverage products
    See in list
  3. Vaum

    Internet first brand offering organic carbonated drinks

    Online grocery
    See in list
  4. Brunch Bites

    Provider of subscription-based meal delivery services

    Food tech
    See in list
  5. Codon Biosciences

    R&D for fruit-based products

    Food & beverage products
    Website

Marketing, IT services & AI startups

Digital marketing agencies, software development and AI service startups.

  1. Enigma Tech

    Provider of HR consulting services

    Marketing services
    See in list
  2. Produktiv.ai

    Developer of an AI governance platform for enterprise data management

    Grc software
    See in list
  3. Helix Tech

    Mobile and web application development services

    It services
    Website
  4. Intelicto

    Provider of B2B lead generation and market research services. It offers custom list building for account-based marketing, B2B appointment generation, and CRM enrichment services. These services are tailored to the unique needs of technology companies, assisting sales and marketing teams in generating leads and driving revenue. The company also provides content syndication services to help reach target audiences. Market research services include in-depth analysis and competitor intelligence. The focus is on providing accurate and up-to-date information to support sales efforts.

    Marketing services
    Website
  5. digit cure - growth solutions

    Digital Marketing | Growth & Promotions | Internet Marketing Service

    Marketing services
    Website

HR tech, recruitment & investment tech startups

Startups in hiring platforms, employee benefits, wealth and investment apps.

  1. Novalife

    Recruitment agency specializing in providing skilled truck drivers for global companies

    Hr services
    See in list
  2. HandyTrain

    Mobile platform for corporate training

    Hrtech
    See in list
  3. Automint

    Provider of employee benefit programs for car and device tax savings

    Finance & accounting tech
    Website
  4. Startup Goa

    Online job board platform for tech jobs

    Hrtech
    Website
  5. Buildust

    Real estate investment platform for individuals

    Investment tech
    Website

Fashion, apparel & retail brands

Internet-first apparel, swimwear and footwear brands and retailers.

  1. Hyphen

    Retailer of skincare products including serums, lip balms, and face masks

    Beauty tech
    See in list
  2. No Nasties

    Clothing label using implemented through 100% organic & fair trade farming

    Apparel brands
    See in list
  3. BEX

    App-based social commerce solutions for e-commerce brands

    Social commerce
    See in list
  4. Goya Swim

    Internet first brand of swimwear and beachwear products for women

    Apparel brands
    See in list
  5. Omyaa Designs

    Provider of premium, artisanal home furnishings and decor products

    Retailers
    Website

New startups in Panaji

Newer startup companies in Panaji founded in recent years.

  1. FLY91

    Operator of passenger airlines

    Passenger airlines
    See in list
  2. Hyphen

    Retailer of skincare products including serums, lip balms, and face masks

    Beauty tech
    See in list
  3. LinqHaul

    Offers a digital logistics transportation and supply chain management solutions

    Scm software
    See in list
  4. Kesari Awayddings

    Provider of end-to-end services for planning destination weddings and events

    Events tech
    See in list
  5. Phodu Club

    Online platform offering admission test preparation resources

    Test preparation tech
    See in list
57 companies in Panaji

Startups hiring in Panaji

Startups in Panaji with open roles right now.

  1. FLY91

    Operator of passenger airlines

    Passenger airlines
    See in list
  2. Indulge Global

    Provider of luxury concierge services

    Professional consumer services
    See in list
  3. No Nasties

    Clothing label using implemented through 100% organic & fair trade farming

    Apparel brands
    See in list
  4. Kesari Awayddings

    Provider of end-to-end services for planning destination weddings and events

    Events tech
    See in list
  5. Phodu Club

    Online platform offering admission test preparation resources

    Test preparation tech
    See in list
11 companies in Panaji
Mobile reach

Top 10 startup apps from Panaji

The most-installed Android apps published by startups headquartered in Panaji — 769K installs between them. 20 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Hyphen

by Hyphen

Installs654K
Rating—
Last updatedApr 2026
View on Google Play ↗
Hyphen screenshot 1Hyphen screenshot 2Hyphen screenshot 3Hyphen screenshot 4Hyphen screenshot 5
2

Bolt IoT

by Bolt

Installs95K
Rating—
Last updatedDec 2023
View on Google Play ↗
Bolt IoT screenshot 1Bolt IoT screenshot 2Bolt IoT screenshot 3Bolt IoT screenshot 4Bolt IoT screenshot 5Bolt IoT screenshot 6
4

Cortex(Linqhaul)

by LinqHaul

Installs4K
Rating—
Last updatedMay 2026
View on Google Play ↗
Cortex(Linqhaul) screenshot 1Cortex(Linqhaul) screenshot 2Cortex(Linqhaul) screenshot 3
5

The Goan E-Paper

by The Goan

Installs3K
Rating—
Last updatedJun 2025
View on Google Play ↗
The Goan E-Paper screenshot 1The Goan E-Paper screenshot 2The Goan E-Paper screenshot 3The Goan E-Paper screenshot 4
8

My Finergy

by Finergy

Installs1K
Rating—
Last updatedMay 2026
View on Google Play ↗
My Finergy screenshot 1My Finergy screenshot 2My Finergy screenshot 3My Finergy screenshot 4My Finergy screenshot 5My Finergy screenshot 6
9

BEX: Social Commerce App

by BEX

Installs1K
Rating—
Last updatedMay 2026
View on Google Play ↗
BEX: Social Commerce App screenshot 1BEX: Social Commerce App screenshot 2BEX: Social Commerce App screenshot 3BEX: Social Commerce App screenshot 4BEX: Social Commerce App screenshot 5BEX: Social Commerce App screenshot 6
10

AutoMint

by Automint

Installs722
Rating—
Last updatedMar 2026
View on Google Play ↗
AutoMint screenshot 1AutoMint screenshot 2AutoMint screenshot 3AutoMint screenshot 4AutoMint screenshot 5AutoMint screenshot 6
The business behind the activity

Startup financials in Panaji

Revenue, profit and growth from the filed annual accounts of 31 startups in Panaji for FY24-25 — 45 of the 156 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 86% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹292.08 cr

31 companies filing accounts

combined net profit−₹77.28 cr

-26.5% aggregate margin

are profitable52%

16 of 31 companies

median revenue~₹89 lakh

the typical company

median revenue growth+39%

into FY24-25

earned by the top five86%

revenue concentration

Six-year view

Combined revenue of filing companies

₹37.08 crFY19-2015 filers
₹47.79 crFY20-2119 filers
₹68.37 crFY21-2222 filers
₹89.27 crFY22-2329 filers
₹185.10 crFY23-2433 filers
₹292.08 crFY24-2531 filers

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

Like-for-like

The same 20 companies over three years

+219%
FY22-23₹71.20 cr−₹48.01 lakh net
FY23-24₹70.93 cr−₹31.52 cr net
FY24-25₹227.14 cr−₹65.90 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 cr1741% profitable
₹1–10 cr967% profitable
₹10–100 cr475% profitable
₹100–1,000 cr10% 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

Shrinking7
0–20%4
20–50%4
50–100%4
Doubled+6

25 companies with accounts for both years; median growth +39%.

Profitability

Profit is concentrated at the top

16profitable
15loss-making
-26.5%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
HyphenKREATIVE BEAUTY PRIVATE LIMITED+568%₹50.38 cr
StaymasterSTAYMASTER SERVICES PRIVATE LIMITED+58%₹21.07 cr
Circle LogisticsCIRCLE LOGISTICS INDIA PRIVATE LIMITED+28%₹30.64 cr
Conexao TechnologyCONEXAO TECHNOLOGY SOLUTIONS PRIVATE LIMITED+5%₹12.91 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Conexao TechnologyCONEXAO TECHNOLOGY SOLUTIONS PRIVATE LIMITED10.8%₹12.91 cr
Circle LogisticsCIRCLE LOGISTICS INDIA PRIVATE LIMITED5.6%₹30.64 cr
StaymasterSTAYMASTER SERVICES PRIVATE LIMITED1.9%₹21.07 cr
Leaders

Largest startups by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
FLY91JUST UDO AVIATION PRIVATE LIMITED₹137.20 cr−₹67.65 cr-49.3%>10×
HyphenKREATIVE BEAUTY PRIVATE LIMITED₹50.38 cr−₹12.91 cr-25.6%+568%
Circle LogisticsCIRCLE LOGISTICS INDIA PRIVATE LIMITED₹30.64 cr₹1.70 cr5.6%+28%
StaymasterSTAYMASTER SERVICES PRIVATE LIMITED₹21.07 cr₹39.86 lakh1.9%+58%
Conexao TechnologyCONEXAO TECHNOLOGY SOLUTIONS PRIVATE LIMITED₹12.91 cr₹1.40 cr10.8%+5%
LinqHaulLINQ HAUL INDIA PRIVATE LIMITED₹9.24 cr₹44.33 lakh4.8%+89%
Indulge GlobalPRICETIME TECHNOLOGIES PRIVATE LIMITED₹6.73 cr₹33.57 lakh5.0%+66%
No NastiesNO NASTIES PRIVATE LIMITED₹4.68 cr−₹70.86 lakh-15.1%-5%
NovalifeNOVALIFE CONSULTANCY PRIVATE LIMITED₹3.66 cr₹55.46 lakh15.1%+39%
Kesari AwayddingsKESARI AWAYDDINGS PRIVATE LIMITED₹3.14 cr₹2.81 lakh0.9%+673%
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 Panaji 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, India4646

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

4235Acquisition
356Merger
15Takeover

Most active acquirers

  1. Na78
  2. Nazara technologies40
  3. Adani group38
  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 Panaji

11 startups in Panaji have recorded equity funding, US$14.72m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Panaji

Meet the people behind startups in Panaji. 71 of 156 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Panaji startups by sub-sector

The most common specialisations among startups in Panaji. 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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