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STARTUP ANALYTICS FOR

Indian Institute of Technology, Mumbai (U-0306)

HEI Startup Ecosystem Ranking

3 rd

Among all 158 Institutes of National Importance (INIs)

4

Among all 404 HEIs

Incubators

5

Startups

1,461

+ 0.75 %

last 12 mos

Total Investment

₹1.67T

+ 5.34 %

last 12 mos

Total Loan

₹232.50B

Total Jobs

131.94K

Aggregate Revenue

₹102.58B

FY25

145 startups

Aggregate
Valuation

₹3.24T

Total Realised
Value

₹1.84T

Unicorns

18

IPOs

7

Startup
Patents

2,016

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	Ola	2010	Series D and above	₹257.48B	₹445.64B (2019)	₹1.08B	538	94	—	4.30	2.05M
2	Zomato	2010	IPO	Public company — kindly refer market data for real-time information				—	—	—	—
3	Blinkit	2015	Series D and above	₹84.39B	₹74.39B (2021)	₹199.60M	4,729	3	—	4.41	807.76K
4	CARS24	2015	Series D and above	₹76.25B	₹250.21B (2021)	₹13.95B	3,646	—	—	4.40	186.00K
5	Ola Electric	2017	IPO	Public company — kindly refer market data for real-time information				250	—	3.10	345

1 - 5 out of 1,461 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	Gupshup	2005	Series D and above	₹35.10B	₹104.35B (2021)	₹8.50B	976	4	—	4.30	18
2	Webaroo	—	—	₹25.35B	—	—	—	—	Level 9 (2022-23)	—	—
3	Atomberg	2012	Series D and above	₹16.62B	₹11.71B (2021)	₹3.59B	844	87	Level 9 (2022-23)	5.00	15
4	SEDEMAC Mechatronics	2007	IPO	Public company — kindly refer market data for real-time information				38	Level 9 (2022-23)	—	—
5	IdeaForge	2007	IPO	Public company — kindly refer market data for real-time information				73	Level 9 (2022-23)	4.40	211

1 - 5 out of 444 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	SEDEMAC Mechatronics	2007	IPO	Public company — kindly refer market data for real-time information				38	Level 9 (2022-23)	—	—
2	Inspecity	2022	Series A	₹1.60B	—	—	42	—	Level 4 (2022-23)	5.00	4
3	WonderLend Hubs	2016	Series B	₹123.40M	—	₹111.63M	207	—	Level 9 (2022-23)	5.00	4
4	Voltrez Tech	2018	Series A	₹48.00M	₹68.00M (2021)	—	—	2	Level 4 (2022-23)	—	—
5	SoilSens	2017	Series C	₹11.75M	—	—	—	—	—	—	—

1 - 5 out of 15 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	Ola	2010	Series D and above	₹257.48B	₹445.64B (2019)	₹1.08B	538	94	—	4.30	2.05M
2	Atomberg	2012	Series D and above	₹16.62B	₹11.71B (2021)	₹3.59B	844	87	Level 9 (2022-23)	5.00	15
3	SEDEMAC Mechatronics	2007	IPO	Public company — kindly refer market data for real-time information				38	Level 9 (2022-23)	—	—
4	Housing.com	2012	Series D and above	₹9.18B	₹14.96B (2016)	—	1,202	—	—	—	—
5	IdeaForge	2007	IPO	Public company — kindly refer market data for real-time information				73	Level 9 (2022-23)	4.40	211

1 - 5 out of 75 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	Ola	2010	Series D and above	₹257.48B	₹445.64B (2019)	₹1.08B	538	94	—	4.30	2.05M
2	Blinkit	2015	Series D and above	₹84.39B	₹74.39B (2021)	₹199.60M	4,729	3	—	4.41	807.76K
3	CARS24	2015	Series D and above	₹76.25B	₹250.21B (2021)	₹13.95B	3,646	—	—	4.40	186.00K
4	Ola Electric	2017	IPO	Public company — kindly refer market data for real-time information				250	—	3.10	345
5	Gupshup	2005	Series D and above	₹35.10B	₹104.35B (2021)	₹8.50B	976	4	—	4.30	18

1 - 5 out of 700 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	Zomato	2010	IPO	Public company — kindly refer market data for real-time information	—	—	—	—
2	Ola Electric	2017	IPO	Public company — kindly refer market data for real-time information	250	—	3.10	345
3	Groww	2018	IPO	Public company — kindly refer market data for real-time information	—	—	4.30	995.82K
4	SEDEMAC Mechatronics	2007	IPO	Public company — kindly refer market data for real-time information	38	Level 9 (2022-23)	—	—
5	IdeaForge	2007	IPO	Public company — kindly refer market data for real-time information	73	Level 9 (2022-23)	4.40	211

1 - 5 out of 7 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	Ola	2010	Series D and above	₹257.48B	₹445.64B (2019)	₹1.08B	538	94	—	4.30	2.05M
2	Blinkit	2015	Series D and above	₹84.39B	₹74.39B (2021)	₹199.60M	4,729	3	—	4.41	807.76K
3	CARS24	2015	Series D and above	₹76.25B	₹250.21B (2021)	₹13.95B	3,646	—	—	4.40	186.00K
4	Gupshup	2005	Series D and above	₹35.10B	₹104.35B (2021)	₹8.50B	976	4	—	4.30	18
5	Acko	2016	Series D and above	₹35.02B	₹82.26B (2021)	₹60.00M	639	—	—	4.70	11.06K

1 - 5 out of 18 Unicorn Startups

List of all Incubators

Sl No.	Incubator Name	No. of Startups Supported	Startups Supported
1	SOCIETY FOR INNOVATION AND ENTREPRENEURSHIP (SINE), IIT BOMBAY	377	3D FOUNDRY TECH, 4Climate and 375 more
2	TIH FOUNDATION FOR IOT AND IOE (TIH-IOT), IIT BOMBAY	41	4Climate, Albatross Energetics and 39 more
3	PLUGIN ALLIANCE	33	ACME AUDIO MANUFACTURING CO, ADAAMPS and 31 more
4	BIOMEDICAL ENGINEERING AND TECHNOLOGY INNOVATION CENTRE (BETIC), IIT BOMBAY	16	ATMEN TECHNOVENTION, AUMEESH TECH and 14 more
5	T TEXTILE FOCUS INCUBATION CENTER (TFIC), IIT BOMBAY	0	—

1 - 5 out of 5 Incubators

Govt. Funds which supported Startups

Sl No.	Govt. Fund Name	No. of Startups Supported	Startups Supported
1	BIRAC BIOTECHNOLOGY IGNITION GRANT (BIG)	79	AMATERASU LIFESCIENCES (in 2018, 2017), ATMEN TECHNOVENTION (in 2019) and 77 more
2	NIDHI - PRAYAS, DST	74	4Climate (in 2023), Abstract Ideas (in 2019) and 72 more
3	T TECHNOLOGY INCUBATION AND DEVELOPMENT OF ENTREPRENEURS (TIDE) SCHEME, MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY	66	Ariano (in 2022), Arishti Cybertech (in 2022) and 64 more
4	CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES (CGTMSE) SCHEME, MINISTRY OF MSME	61	Aaho (in 2018), Alt Mobility (in 2022) and 59 more
5	STARTUP INDIA SEED FUND SCHEME (SISFS)	58	AR2VI TECH PRIVATE LIMITED (in 2023), ARC Robotics (in 2023) and 56 more

1 - 5 out of 68 Govt. Funds

Banks & FIs which supported Startups

Sl No.	Bank / Financing Institution Name	No. of Startups Supported	Startups Supported
1	HDFC BANK LIMITED	60	APPLORE TECHNOLOGIES (in 2023), Aereo (in 2023, 2022) and 58 more
2	ICICI BANKING CORPORATION LIMITED	43	Acko (in 2024), Aereo (in 2025) and 41 more
3	AXIS TRUSTEE SERVICES LIMITED	35	Alt Mobility (in 2023), Atomberg (in 2020) and 33 more
4	AXIS BANK LIMITED	26	Aye Finance (in 2026, 2025, 2024), BIGHAAT (in 2023, 2022) and 24 more
5	STATE BANK OF INDIA	26	AMOGA SOFTWARE (in 2024), Aereo (in 2023) and 24 more

1 - 5 out of 145 Debt. Funds

Angels who invested in Startups

Sl No.	Angel Name	No. of Startups Invested	Startups Invested
1	Kunal Shah	35	ALLO HEALTH (in 2022), ANS Commerce (in 2021) and 33 more
2	Anupam Mittal	21	AMPLE WHOLESALE (in 2015), BIZZTM (in 2021) and 19 more
3	KUNAL BAHL	19	ANS Commerce (in 2021), Bewakoof (in 2018) and 17 more
4	Rohit Bansal	17	ANS Commerce (in 2021), Bewakoof (in 2018) and 15 more
5	ZISHAAN HAYATH	16	BookEventz (in 2015), Chaayos (in 2014) and 14 more

1 - 5 out of 1,837 Angels

VCs who invested in Startups

Sl No.	VC Name	No. of Startups Invested	Startups Invested
1	LVX VENTURES (LETSVENTURE), BENGALURU	41	AADAR (in 2020), Aereo (in 2022) and 39 more
2	ANGELLIST	41	&ME (in 2020), Aspire (in 2022) and 39 more
3	PEAK XV PARTNERS	35	AppsForBharat (in 2025, 2024, 2022, 2021), Avataar AI (in 2022, 2020) and 33 more
4	BETTER CAPITAL	29	Cradlewise (in 2021), Crypso (in 2022) and 27 more
5	ACCEL PARTNERS, PALO ALTO, CALIFORNIA	26	100ms (in 2022, 2021), Acko (in 2019, 2017, 2016) and 24 more

1 - 5 out of 1,237 VCs

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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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