Ahmedabad's business environment supports a diverse group of companies, from financial technology to transportation. The city is a base for major operations like Adani Airports, which has secured $1.1 billion in funding.

Other notable companies include electric ride-hailing service BluSmart Mobility and pharmaceutical firm Intas Pharmaceuticals.

Below is our list of 16 Ahmedabad startups worth keeping an eye on.

Failory's Top 10 Picks

Petpooja offers a complete restaurant management platform, centered around its point-of-sale software. The system integrates everything from billing and inventory to online order management, giving owners a single tool to run their operations.

Year Founded2011
FoundersApurv Patel, Parthiv Patel
Funding Amount$24.3M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries C
Top InvestorsGVFL, Aroa Venture Partners, Udaan, Dharana Capital, Ashish Gupta

Ignosis develops the core infrastructure for account aggregation and financial data intelligence. Their platform helps banks and fintech companies analyze complex user data to make more informed decisions about lending and risk assessment.

Year Founded2022
FoundersChintan Sheth, Nirav Prajapati
Funding Amount$4M
Startup SizeLean Team (11-50)
Last Funding StatusSeed
Top InvestorsPeak XV Partners, Razorpay, Force Ventures, Kunal Shah

Adani Airports develops and manages a portfolio of airports, making them India's largest private airport operator. Their focus is on building world-class infrastructure to improve the travel experience for passengers across the country.

Year Founded2019
Founders
Funding Amount$1.1B
Startup SizeLarge Team (251-1,000)
Last Funding StatusDebt Financing
Top InvestorsStandard Chartered Bank, Barclays, DBS Bank, First Abu Dhabi Bank, SBI Mutual Fund

Intas Pharmaceuticals develops, manufactures, and markets pharmaceutical formulations for a global audience. They provide a broad portfolio of accessible medicines across numerous therapeutic segments.

Year Founded2000
FoundersHasmukh Chudgar
Funding Amount$306.5M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusSecondary Market
Top InvestorsChrysCapital, Abu Dhabi Investment Authority, Capital Group, Tata Capital Healthcare Fund

BluSmart Mobility created India's first all-electric ride-hailing platform, providing sustainable urban transportation. The service gives riders access to a fleet of zero-emission vehicles through a dedicated mobile app.

Year Founded2019
FoundersAnmol Jaggi, Puneet Jaggi, Punit Goyal
Funding Amount$486.3M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsVenture Catalysts, Inflection Point Ventures, Mayfield Fund, Alteria Capital, responsAbility Investments

Drawing on a legacy that began in 1944, Hocco produces a wide variety of ice creams for the Indian market. The brand is recognized for blending its long history with modern flavors and vibrant packaging.

Year Founded1944
Founders
Funding Amount$34.9M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top InvestorsSauce.vc, Chona Family Office, Farhan Akhtar, Ritesh Sidhwani

R for Rabbit offers a comprehensive line of baby products that prioritize safety, quality, and smart design. The company provides parents with essential gear like car seats and strollers, alongside daily necessities such as diapers and feeding supplies.

Year Founded2014
FoundersKinjal Popat, Kunal Popat
Funding Amount$32.3M
Startup SizeMid-Size Team (51-250)
Last Funding StatusSeries B
Top Investors3one4 Capital, Xponentia Capital Partners, Filter Capital, Negen Capital Services

Lendingkart has built a digital lending platform to provide working capital and business loans for small and medium-sized enterprises in India. The company focuses on making the financing process quick and accessible for entrepreneurs who need capital to grow.

Year Founded2014
FoundersHarshvardhan Lunia, Mukul Sachan
Funding Amount$325.7M
Startup SizeLarge Team (251-1,000)
Last Funding StatusDebt Financing
Top InvestorsIndia Quotient, State Bank of India, Mayfield Fund, Alteria Capital, Stride Ventures

Matter creates electric vehicle technology and energy storage solutions designed for the Indian market. They launched the AERA, the country's first geared electric motorbike, which runs on a proprietary liquid-cooled battery system.

Year Founded2019
FoundersArun Pratap Singh, Kumar Prasad T., Mohal Lalbhai, Saran Babu
Funding Amount$26.9M
Startup SizeLarge Team (251-1,000)
Last Funding StatusSeries B
Top InvestorsTranslink Capital, IA Spaces, Japan Airlines (JAL), Finvolve, Dholakia Ventures

Renee Cosmetics offers a diverse collection of cruelty-free makeup and skincare products. The Indian beauty brand focuses on creating innovative, high-quality cosmetics for the modern woman.

Year Founded2019
FoundersAashka Goradia Goble, Ashutosh Valani, Parin Shah, Priyank Shah
Funding Amount$80.7M
Startup SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries C
Top InvestorsTitan Capital, Mensa Brands, 100Unicorns, Evolvence India Fund, Equanimity Investments

6 Additional Ahmedabad Startups Worth Following

The top ten are only a glimpse into the city's growing startup community. Founders are building companies in everything from healthcare and agriculture to real estate and data.

Some of these companies are just getting started while others have been around for decades, raising hundreds of millions along the way. Here’s a look at more companies that are shaping Ahmedabad's startup scene.

StartupIndustryYear FoundedAmount RaisedLast Funding Round
PierSight Space logo PierSight SpaceSaaS2023$6.6MSeed
Amnex Infotechnologies logo Amnex InfotechnologiesData2008₹4.6BVenture Round
Adani Realty logo Adani RealtyReal Estate2011₹8BDebt Financing
Educational Initiatives logo Educational InitiativesEducation2001$45MSecondary Market
Crystal Crop Protection logo Crystal Crop ProtectionAgTech1994₹4.5BVenture Round
Corona Remedies logo Corona RemediesHealthcare2004₹7.9BSecondary Market