Gujarat’s startup ecosystem features a blend of established industrial giants and emerging technology firms. The region is home to companies in sectors ranging from manufacturing and infrastructure to artificial intelligence and financial technology.
This landscape includes major players like ArcelorMittal Nippon Steel India, which has raised $5 billion in funding. At the same time, newer companies like AI startup Rocket have secured significant early investment, including a $25.8 million seed round.
Below is our list of 20 Gujarat startups worth keeping an eye on.
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Get the Sheet for $50Rocket builds a generative AI platform that turns a single text prompt into a production-ready application. The company's technology is designed to help developers accelerate the creation of both web and mobile apps by interpreting natural language descriptions.
| Year Founded | 2021 |
| Founders | Rahul Shingala, Vishal Virani |
| Funding Amount | $25.8M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Seed |
| Top Investors | Accel, India Quotient, Salesforce Ventures, Together Fund, Dholakia Ventures |
Petpooja builds an all-in-one restaurant management platform, featuring point-of-sale software and other operational tools. Their integrated system helps food businesses manage key functions, from billing and inventory to reporting.
| Year Founded | 2011 |
| Founders | Apurv Patel, Parthiv Patel |
| Funding Amount | $24.3M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | GVFL, Aroa Venture Partners, Udaan, Dharana Capital, Ashish Gupta |
Ignosis builds account aggregator infrastructure that allows banks and fintech companies to securely access consented financial data. Their platform provides financial intelligence from this data to improve key decisions in credit underwriting and risk assessment.
| Year Founded | 2022 |
| Founders | Chintan Sheth, Nirav Prajapati |
| Funding Amount | $4M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Seed |
| Top Investors | Peak XV Partners, Razorpay, Force Ventures, Kunal Shah |
Adani Airports operates a major network of private airports, focusing on building modern infrastructure and enhancing the passenger experience. As one of India's largest airport operators, they manage a wide range of services including air transportation, travel accommodations, and retail.
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | $1.1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Standard Chartered Bank, Barclays, DBS Bank, First Abu Dhabi Bank, SBI Mutual Fund |
Intas Pharmaceuticals develops and manufactures a broad portfolio of pharmaceutical products, including both generics and specialty treatments. They helped pioneer the commercialization of biosimilars and now distribute their medicines in more than 85 countries across the globe.
| Year Founded | 2000 |
| Founders | Hasmukh Chudgar |
| Funding Amount | $306.5M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Secondary Market |
| Top Investors | ChrysCapital, Abu Dhabi Investment Authority, Capital Group, Tata Capital Healthcare Fund |
BluSmart Mobility operates an all-electric ride-hailing platform designed for sustainable urban transportation. They provide reliable, zero-emission rides through a mobile app, using a fleet of company-owned electric vehicles to ensure a consistent customer experience.
| Year Founded | 2019 |
| Founders | Anmol Jaggi, Puneet Jaggi, Punit Goyal |
| Funding Amount | $486.3M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series B |
| Top Investors | Venture Catalysts, Inflection Point Ventures, Mayfield Fund, Alteria Capital, responsAbility Investments |
Hocco offers a wide range of ice cream products, from single-serving cones to family packs, for the Indian consumer market. The brand combines its long history in food production with a focus on creating a diverse portfolio of flavors.
| Year Founded | 1944 |
| Founders | — |
| Funding Amount | $34.9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Sauce.vc, Chona Family Office, Farhan Akhtar, Ritesh Sidhwani |
R for Rabbit creates a diverse range of baby products with a strong emphasis on safety and quality. They provide parents with essentials for every stage of early childhood, including strollers, car seats, and feeding supplies.
| Year Founded | 2014 |
| Founders | Kinjal Popat, Kunal Popat |
| Funding Amount | $32.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | 3one4 Capital, Xponentia Capital Partners, Filter Capital, Negen Capital Services |
Lendingkart provides working capital loans and other financing solutions specifically for small and medium-sized enterprises in India. Their digital platform is designed to make credit more accessible to business owners who are often underserved by traditional banking institutions.
| Year Founded | 2014 |
| Founders | Harshvardhan Lunia, Mukul Sachan |
| Funding Amount | $325.7M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | India Quotient, State Bank of India, Mayfield Fund, Alteria Capital, Stride Ventures |
As a joint venture between two global steel giants, ArcelorMittal Nippon Steel India produces integrated flat carbon steel for the Indian market. They supply essential materials like hot and cold rolled coils, sheets, and pipes to key sectors including automotive, construction, and engineering.
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | $5B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Debt Financing |
| Top Investors | MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Japan Bank for International Cooperation, Sumitomo Mitsui Trust Bank |
10 Additional Gujarat Startups Worth Following
Our top ten picks are just a small slice of what’s happening in Gujarat. Founders here are building companies in a wide range of fields, from mobility and fashion to AgTech and SaaS. Some are just getting started while others are more established, but all are attracting investment to grow their ideas. Here’s a look at ten more companies that are shaping the local startup scene.
