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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)

3

Among all 404 HEIs

Incubators

5

Startups

1,399

+ 0.86 %

last 12 mos

Total Investment

₹1.60T

+ 5.77 %

last 12 mos

Total Loan

₹205.96B

Total Jobs

132.66K

Aggregate Revenue

₹10.01B

FY25

1 startups

Aggregate
Valuation

₹3.28T

Total Realised
Value

₹1.77T

Unicorns

17

IPOs

6

Startup
Patents

2,015

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	203	—	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)	₹12.17B	7,141	—	—	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				415	—	3.10	345

1 - 5 out of 1,399 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)	₹5.26B	976	—	—	4.30	18
2	Webaroo	—	—	₹25.35B	—	—	—	—	Level 9 (2022-23)	—	—
3	Atomberg	2012	Series D and above	₹16.62B	₹11.71B (2021)	₹2.65B	844	9	Level 9 (2022-23)	5.00	15
4	SEDEMAC Mechatronics	2007	Series D and above	₹9.60B	₹19.12B (2024)	₹2.07B	444	77	Level 9 (2022-23)	—	—
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 427 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	Series D and above	₹9.60B	₹19.12B (2024)	₹2.07B	444	77	Level 9 (2022-23)	—	—
2	Inspecity	2022	Seed	₹595.80M	—	—	42	—	Level 4 (2022-23)	5.00	4
3	WonderLend Hubs	2016	Series B	₹123.40M	—	₹60.00M	207	—	Level 9 (2022-23)	5.00	4
4	Voltrez Tech	2018	Series A	₹28.00M	₹68.00M (2021)	—	—	—	Level 4 (2022-23)	—	—
5	Metflux Research	2017	Series A	₹8.86M	—	—	—	—	Level 9 (2022-23)	5.00	1

1 - 5 out of 14 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	203	—	4.30	2.05M
2	Atomberg	2012	Series D and above	₹16.62B	₹11.71B (2021)	₹2.65B	844	9	Level 9 (2022-23)	5.00	15
3	SEDEMAC Mechatronics	2007	Series D and above	₹9.60B	₹19.12B (2024)	₹2.07B	444	77	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				139	Level 9 (2022-23)	4.40	211

1 - 5 out of 71 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	203	—	4.30	2.05M
2	Blinkit	2015	Series D and above	₹84.39B	₹74.39B (2021)	₹12.17B	7,141	—	—	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				415	—	3.10	345
5	Gupshup	2005	Series D and above	₹35.10B	₹104.35B (2021)	₹5.26B	976	—	—	4.30	18

1 - 5 out of 646 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	415	—	3.10	345
3	Groww	2018	IPO	Public company — kindly refer market data for real-time information	—	—	4.30	995.82K
4	IdeaForge	2007	IPO	Public company — kindly refer market data for real-time information	139	Level 9 (2022-23)	4.40	211
5	Tracxn	2012	IPO	Public company — kindly refer market data for real-time information	—	—	3.40	576

1 - 5 out of 6 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	203	—	4.30	2.05M
2	Blinkit	2015	Series D and above	₹84.39B	₹74.39B (2021)	₹12.17B	7,141	—	—	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)	₹5.26B	976	—	—	4.30	18
5	Acko	2016	Series D and above	₹35.02B	₹82.26B (2021)	—	639	—	—	4.70	11.06K

1 - 5 out of 17 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	360	3D FOUNDRY TECH, 42APEIRONANTA TECHNOLOGIES PRIVATE LIMITED and 358 more
2	TIH FOUNDATION FOR IOT AND IOE (TIH-IOT), IIT BOMBAY	40	4Climate, Albatross Energetics and 38 more
3	PLUGIN ALLIANCE	34	ACME AUDIO MANUFACTURING CO, ADAAMPS and 32 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)	80	AMATERASU LIFESCIENCES (in 2018, 2017), ATMEN TECHNOVENTION (in 2019) and 78 more
2	NIDHI - PRAYAS, DST	73	4Climate (in 2023), Abstract Ideas (in 2019) and 71 more
3	T TECHNOLOGY INCUBATION AND DEVELOPMENT OF ENTREPRENEURS (TIDE) SCHEME, MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY	67	ARISHTI CYBERTECH (in 2022), Ariano (in 2022) and 65 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)	57	AR2VI TECH PRIVATE LIMITED (in 2023), ARC Robotics (in 2023) and 55 more

1 - 5 out of 58 Govt. Funds

Banks & FIs which supported Startups

Sl No.	Bank / Financing Institution Name	No. of Startups Supported	Startups Supported
1	HDFC BANK LIMITED	56	APPLORE TECHNOLOGIES (in 2023), AYE FINANCE (in 2024, 2023, 2022, 2020, 2018) and 54 more
2	ICICI BANKING CORPORATION LIMITED	36	AYE FINANCE (in 2021), Aereo (in 2025) and 34 more
3	A AXIS TRUSTEE SERVICES LIMITED	31	Alt Mobility (in 2023), Atomberg (in 2020) and 29 more
4	HSBC	26	AYE FINANCE (in 2024, 2023), Aeria (in 2024) and 24 more
5	AXIS BANK LIMITED	23	AYE FINANCE (in 2024), BIGHAAT (in 2023, 2022) and 21 more

1 - 5 out of 137 Debt. Funds

Angels who invested in Startups

Sl No.	Angel Name	No. of Startups Invested	Startups Invested
1	Kunal Shah	37	ALLO HEALTH (in 2022), ANS Commerce (in 2021) and 35 more
2	KUNAL BAHL	20	ANS Commerce (in 2021), Bewakoof (in 2018) and 18 more
3	Anupam Mittal	20	AMPLE WHOLESALE (in 2015), BIZZTM (in 2021) and 18 more
4	Rohit Bansal	18	ANS Commerce (in 2021), Bewakoof (in 2018) and 16 more
5	ZISHAAN HAYATH	16	BookEventz (in 2015), Chaayos (in 2014) and 14 more

1 - 5 out of 1,538 Angels

VCs who invested in Startups

Sl No.	VC Name	No. of Startups Invested	Startups Invested
1	ANGELLIST	41	&ME (in 2020), Aspire (in 2022) and 39 more
2	LVX VENTURES (LETSVENTURE), BENGALURU	40	AADAR (in 2020), Aereo (in 2022) and 38 more
3	PEAK XV PARTNERS	34	AppsForBharat (in 2025, 2024, 2022, 2021), Avataar AI (in 2022, 2020) and 32 more
4	BETTER CAPITAL	31	CRADLEWISE (in 2021), Crypso (in 2022) and 29 more
5	ACCEL PARTNERS, PALO ALTO, CALIFORNIA	24	100ms (in 2022, 2021), Acko (in 2019, 2017, 2016) and 22 more

1 - 5 out of 1,200 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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