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STARTUP ANALYTICS FOR

Indian Institute of Management Ahmedabad (U-1016)

HEI Startup Ecosystem Ranking

6 th

Among all 158 Institutes of National Importance (INIs)

8

Among all 404 HEIs

Incubators

2

Startups

849

+ 0.12 %

last 12 mos

Total Investment

₹1.64T

+ 19.56 %

last 12 mos

Total Loan

₹489.69B

Total Jobs

66.55K

Aggregate Revenue

₹312.19B

FY25

52 startups

Aggregate
Valuation

₹3.12T

Total Realised
Value

₹1.77T

Unicorns

10

IPOs

8

Startup
Patents

1,373

Startup Landscape in India

Startups Incorporated

Top-10 Sectors of Startups

Startups by Age

Aggregate Startup Revenues

Startups by Technology Readiness Level (TRL)

Investment from Equity Funding

Capital from Debt Funding

Startups by Category

Startups by Funding Stage

List of all Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	Latest Available Valuation	Total Loan	No. of Jobs	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	MakeMyTrip	2000	Series D and above	₹269.87B	₹775.13B (2025)	—	—	—	—	—	—
2	Delhivery	2011	IPO	Public company — kindly refer market data for real-time information				16	—	3.70	4.08K
3	PharmEasy	2019	Series B	₹144.38B	₹422.00B (2021)	—	8	—	—	4.20	15.91K
4	Purplle	2011	Series D and above	₹76.23B	₹86.02B (2022)	₹1.37B	604	—	—	—	—
5	FirstCry	2010	IPO	Public company — kindly refer market data for real-time information				—	—	4.46	939.60K

1 - 5 out of 849 Startups

List of Incubated Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	Latest Available Valuation	Total Loan	No. of Jobs	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	JAI KISAN	2017	Series D and above	₹8.11B	₹14.91B (2022)	₹2.54B	94	—	—	3.70	356
2	AgniKul Cosmos	2017	Series D and above	₹6.41B	₹15.68B (2023)	₹208.96M	253	53	—	4.00	51
3	Kaleidofin	2017	Series D and above	₹4.10B	₹2.75B (2022)	₹195.00M	97	—	—	4.20	17
4	IdeaForge	2007	IPO	Public company — kindly refer market data for real-time information				139	Level 9 (2022-23)	4.40	211
5	Detect Technologies	2016	Series D and above	₹3.66B	₹10.97B (2022)	₹90.00M	316	7	—	4.80	57

1 - 5 out of 318 Incubated Startups

List of Faculty Founded Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	Latest Available Valuation	Total Loan	No. of Jobs	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	NAKAD	2021	Seed	₹534.30M	₹1.86B (2022)	—	65	—	—	—	—
2	BEFOREST	2018	—	—	—	—	27	—	—	4.40	5
3	TERITREE	2012	Struck Off, Liquidated or Dissolved	—	—	—	—	—	—	4.30	1.92K

1 - 3 out of 3 Faculty Founded Startups

List of Student Founded Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	Latest Available Valuation	Total Loan	No. of Jobs	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	Absolute	2016	Series D and above	₹8.77B	—	₹475.00M	150	2	—	4.80	4
2	Unbox Robotics	2019	Series B	₹3.43B	₹1.89B (2021)	₹160.00M	97	7	—	5.00	1
3	WeVOIS	2018	Series D and above	₹882.70M	—	₹30.47M	818	—	—	5.00	13
4	HELLO ENGLISH	2010	Series B	₹381.20M	₹1.08B (2015)	—	1	—	—	0.00	—
5	Studio Sirah	2020	Seed	₹271.42M	—	—	25	—	—	4.50	2

1 - 5 out of 60 Student Founded Startups

List of Alumni Founded Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	Latest Available Valuation	Total Loan	No. of Jobs	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	MakeMyTrip	2000	Series D and above	₹269.87B	₹775.13B (2025)	—	—	—	—	—	—
2	Delhivery	2011	IPO	Public company — kindly refer market data for real-time information				16	—	3.70	4.08K
3	PharmEasy	2019	Series B	₹144.38B	₹422.00B (2021)	—	8	—	—	4.20	15.91K
4	Purplle	2011	Series D and above	₹76.23B	₹86.02B (2022)	₹1.37B	604	—	—	—	—
5	FirstCry	2010	IPO	Public company — kindly refer market data for real-time information				—	—	4.46	939.60K

1 - 5 out of 412 Alumni Founded Startups

List of IPO Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	Delhivery	2011	IPO	Public company — kindly refer market data for real-time information	16	—	3.70	4.08K
2	FirstCry	2010	IPO	Public company — kindly refer market data for real-time information	—	—	4.46	939.60K
3	Urban Company	2014	IPO	Public company — kindly refer market data for real-time information	—	—	3.20	4.64K
4	NYKAA.COM	2012	IPO	Public company — kindly refer market data for real-time information	—	—	—	—
5	IdeaForge	2007	IPO	Public company — kindly refer market data for real-time information	139	Level 9 (2022-23)	4.40	211

1 - 5 out of 8 IPO Startups

List of Unicorn Startups

Sl No.	Startup Name	Founded Year	Startup Status	Total Funding	Latest Available Valuation	Total Loan	No. of Jobs	No. of Patents	TRL	Avg. Public Rating	No. of Public Ratings
1	MakeMyTrip	2000	Series D and above	₹269.87B	₹775.13B (2025)	—	—	—	—	—	—
2	PharmEasy	2019	Series B	₹144.38B	₹422.00B (2021)	—	8	—	—	4.20	15.91K
3	Purplle	2011	Series D and above	₹76.23B	₹86.02B (2022)	₹1.37B	604	—	—	—	—
4	Fractal	2000	Series D and above	₹63.78B	₹74.43B (2022)	₹4.82B	4,559	31	—	4.50	201
5	BharatPe	2018	Series D and above	₹60.67B	₹212.32B (2021)	₹6.15B	644	—	—	3.89	334.50K

1 - 5 out of 10 Unicorn Startups

List of all Incubators

Sl No.	Incubator Name	No. of Startups Supported	Startups Supported
1	IIMA VENTURES	299	4Climate, 5C Network and 297 more
2	INNOCITY ACCELERATOR MP	25	256 Bits Studio, AKRIVIA BIOSCIENCES PRIVATE LIMITED and 23 more

1 - 2 out of 2 Incubators

Govt. Funds which supported Startups

Sl No.	Govt. Fund Name	No. of Startups Supported	Startups Supported
1	CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE) SCHEME, MINISTRY OF MSME	62	ACEMICROMATIC MANUFACTURING INTELLIGENCE TECHNOLOGIES PRIVATE LIMITED (in 2022, 2020), ANAKAGE TECHNOLOGIES (in 2023) and 60 more
2	T TECHNOLOGY INCUBATION AND DEVELOPMENT OF ENTREPRENEURS (TIDE) SCHEME, MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY	44	256 Bits Studio (in 2022), AKRIVIA BIOSCIENCES PRIVATE LIMITED (in 2024) and 42 more
3	NIDHI - ENTREPRENEUR-IN-RESIDENCE (NIDHI-EIR), DEPARTMENT OF SCIENCE AND TECHNOLOGY	36	AADIKER INFRASTRUCTURES LLP (in 2018), APURVA SULE (in 2016) and 34 more
4	STARTUP INDIA SEED FUND SCHEME (SISFS)	35	AREETE BUSINESS SOLUTIONS (in 2022), Aaizel Tech Labs (in 2023) and 33 more
5	R RKVY- RAFTAAR AGRI-ENTREPRENEURSHIP PROGRAMME, MINISTRY OF AGRICULTURE AND FARMERS' WELFARE	27	AMBYGOLD MANORAMA FOODS PRIVATE LIMITED (in 2023), AgriGator (in 2020) and 25 more

1 - 5 out of 50 Govt. Funds

Banks & FIs which supported Startups

Sl No.	Bank / Financing Institution Name	No. of Startups Supported	Startups Supported
1	HDFC BANK LIMITED	55	91Springboard (in 2024), AADIKER INFRASTRUCTURES LLP (in 2021) and 53 more
2	ICICI BANKING CORPORATION LIMITED	33	AAA 2 INNOVATE PRIVATE LIMITED (in 2022), APAC Financial Services (in 2022) and 31 more
3	A AXIS TRUSTEE SERVICES LIMITED	26	AI GROWTH PRIVATE LIMITED (in 2024, 2023), ATAMAAI TECHNOLOGY SYSTEMS PRIVATE LIMITED (in 2024) and 24 more
4	AXIS BANK LIMITED	24	ACEMICROMATIC MANUFACTURING INTELLIGENCE TECHNOLOGIES PRIVATE LIMITED (in 2024), APAC Financial Services (in 2024) and 22 more
5	KOTAK MAHINDRA BANK LIMITED	23	APAC Financial Services (in 2024, 2022), BLOOMCHEMAG (in 2024) and 21 more

1 - 5 out of 141 Debt. Funds

Angels who invested in Startups

Sl No.	Angel Name	No. of Startups Invested	Startups Invested
1	Kunal Shah	15	ANS Commerce (in 2021), Basil (in 2024) and 13 more
2	Rohit Bansal	10	ANS Commerce (in 2021), Bizlog (in 2021, 2020) and 8 more
3	KUNAL BAHL	10	ANS Commerce (in 2021), Culture Circle (in 2025) and 8 more
4	Ramakant Sharma	8	BIDDANO (in 2021), COVVALENT (in 2022) and 6 more
5	ABHISHEK GOYAL	7	Basil (in 2024), EATLO TECH SOLUTIONS (in 2015) and 5 more

1 - 5 out of 1,433 Angels

VCs who invested in Startups

Sl No.	VC Name	No. of Startups Invested	Startups Invested
1	IIMA VENTURES	77	5C Network (in 2019), AgniKul Cosmos (in 2021, 2020) and 75 more
2	LVX VENTURES (LETSVENTURE), BENGALURU	30	AgniKul Cosmos (in 2023, 2021, 2020), BIDDANO (in 2022, 2020) and 28 more
3	BLUME VENTURES, MUMBAI	25	BHIVE Alts (in 2022), BHIVE Workspace (in 2020, 2017, 2016) and 23 more
4	ANGELLIST	25	BIDDANO (in 2022, 2021, 2019), Cell Propulsion (in 2021) and 23 more
5	VENTURE CATALYSTS ANGELS	24	ANS Commerce (in 2021), AgniKul Cosmos (in 2022) and 22 more

1 - 5 out of 1,034 VCs

disclaimer

Information provided here has been integrated and curated from multiple public as well as proprietary sources. All efforts have been taken to make it accurate and complete.

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