Top 100 Mumbai Startups to Watch in 2026
Mumbai's startup ecosystem shows a strong concentration in the financial technology sector. For instance, the lending platform InCred has attracted over $428 million in funding.
The city also supports major players in other industries, from food delivery company Rebel Foods to airline carrier Air India. These companies have raised significant capital, with funding rounds reaching $829.6 million and $1.4 billion respectively.
Below is our list of 100 Mumbai startups worth keeping an eye on.
Failory's Top 10 Picks
Jupiter offers a digital banking app that provides smart insights based on spending habits. Its features help users make sense of their finances, from tracking expenses to managing savings and investments.
| Year Founded | 2019 |
| Founders | Jitendra Gupta |
| Funding Amount | $169.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | QED Investors, Peak XV Partners, Z47, 3one4 Capital, Tiger Global Management |
Weaver Services builds a fintech platform that provides solutions for the affordable housing market. Their technology is designed to simplify the process of securing home financing for buyers.
| Year Founded | 2024 |
| Founders | Satrajit Bhattacharya |
| Funding Amount | $170M |
| Startup Size | — |
| Last Funding Status | Venture Round |
| Top Investors | Lightspeed India Partners, Gaja Capital, Premji Invest |
Akasa Air operates a low-cost airline connecting major cities throughout India. The carrier is focused on providing a dependable and efficient travel experience, from its simple online booking to its customer service.
| Year Founded | 2021 |
| Founders | Aditya Ghosh, Aditya Ghosh, Anand Srinivasan, Belson Coutinho, Bhavin Joshi, Neelu Khatri, Niraj Dube, Praveen Iyer, Sanjay Dube, Vinay Dube |
| Funding Amount | $160M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | 360 ONE Asset, Claypond Capital, Premji Invest, AJ Capital, Rakesh Jhunjhunwala |
InCred built a financial services platform that simplifies the lending process for personal, education, and business loans. The fintech company focuses on making credit more accessible and efficient for a wide range of borrowers.
| Year Founded | 2016 |
| Founders | Bhupinder Singh |
| Funding Amount | $428.3M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Yubi, Neo Asset Management, OAKS Asset Management, Paragon Partners, India, FMO |
The National Stock Exchange of India operates the country's leading stock exchange with a fully-automated, screen-based trading system. The platform enables investors to trade a wide range of financial instruments, from equities and derivatives to debt securities.
| Year Founded | 1998 |
| Founders | — |
| Funding Amount | ₹21.1B |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Private Equity |
| Top Investors | Citi, General Atlantic, TA Associates, Morgan Stanley, Goldman Sachs |
Air India operates an extensive network of passenger and cargo flights, serving both domestic routes within India and international destinations. The airline provides crucial connectivity, linking India to major cities across the globe.
| Year Founded | 1932 |
| Founders | Jehangir Tata |
| Funding Amount | $1.4B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Debt Financing |
| Top Investors | Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Singapore Airlines, Tata Sons, Bank of India |
Flipspaces operates as a design-tech firm that handles the interior design and execution for commercial spaces. They are known for a VR-enabled platform that allows businesses to visualize and experience their new interiors before construction starts.
| Year Founded | 2011 |
| Founders | Ankur Muchhal, Kunal Sharma |
| Funding Amount | $60.7M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | SMBC Asia Rising Fund, Iron Pillar, Panthera Growth Partners, Unitus Capital, Crescent Enterprises |
Rebel Foods builds and operates a large portfolio of digital restaurant brands using a network of cloud kitchens. This food-tech approach allows them to deliver a wide variety of cuisines on demand, all prepared from a shared kitchen infrastructure.
| Year Founded | 2011 |
| Founders | Jaydeep Barman, Kallol Banerjee |
| Funding Amount | $829.6M |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Debt Financing |
| Top Investors | Temasek Holdings, Peak XV Partners, Sequoia Capital, RTP Global, Goldman Sachs |
Dream Sports builds and operates a portfolio of sports technology brands for its 200 million users. The company is best known for Dream11, the world's largest fantasy sports platform.
| Year Founded | 2008 |
| Founders | Bhavit Sheth, Satyam Singh |
| Funding Amount | $400M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Secondary Market |
| Top Investors | TCV, ChrysCapital, Tiger Global Management, TPG Growth, Steadview Capital |
BookMyShow built an expansive online ticketing service for the Indian market, covering movies, plays, concerts, and sporting events. Their platform serves as a comprehensive hub for discovering local events and purchasing tickets seamlessly.
| Year Founded | 1999 |
| Founders | Ashish Hemrajani, Parikshit Dar, Rajesh Balpande |
| Funding Amount | $224.5M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Accel, Elevation Capital, TPG Growth, SAIF Partners, Stripes |
90 Additional Mumbai Startups Worth Following
Those top 10 companies offer a glimpse into Mumbai's energy, but there's so much more happening. Founders across the city are launching new ventures in everything from fashion to finance. These companies have attracted tens of billions in investment, with a mix of brand new startups and more established names. The rest of our list gives a fuller picture of the startups defining Mumbai's ecosystem.
| Startup | Industry | Year Founded | Amount Raised | Last Funding Round |
|---|---|---|---|---|
 Truemeds | Healthcare | 2019 | $176.8M | Series C |
 Pepperfry | Retail | 2011 | $310.4M | Venture Round |
 FanCode | Analytics | 2019 | $50M | Series A |
 Distil | Manufacturing | 2023 | $10.8M | Series A |
 Acko | InsurTech | 2016 | $458M | Undisclosed |
 Rubicon Research | Biotech | 1999 | $144.5M | Secondary Market |
 Plum | Fashion | 2013 | ₹3.8B | Angel |
 KisanKonnect | AgTech | 2020 | $18.7M | Series B |
 Mahindra Susten | Energy | 2010 | ₹23.7B | Secondary Market |
 NCDEX | Fintech | 2003 | ₹6B | Venture Round |
 GreenCell Mobility | Mobility | 2019 | $501.2M | Debt Financing |
 Purple Style Labs | Fashion | 2015 | $78.4M | Series E |
 Reliance Jio | Media | 2010 | $28.4B | Debt Financing |
 Snabbit | Retail | 2024 | $25.5M | Series B |
 Kissht | Fintech | 2015 | $142.5M | Series E |
 The Sleep Company | Retail | 2019 | ₹8.5B | Series D |
 GMR Group | Manufacturing | 2001 | $1.9B | Debt Financing |
 NaBFID | Fintech | 2021 | ₹150B | Debt Financing |
 Presolv360 | Enterprise | 2017 | $5.8M | Series A |
 JSW Paints | Retail | 2019 | ₹7.5B | Corporate Round |
 Haptik | AI | 2013 | $12.2M | Series B |
 IDfy | Security | 2011 | $54.4M | Corporate Round |
 Uniqus Consultech | Fintech | 2022 | $42.5M | Series C |
 Avanse Financial Services | Education | 2013 | $374.9M | Private Equity |
 Pepper Content | Media | 2017 | $18.7M | Series A |
 Fynd | AI | 2012 | $13.1M | Series C |
 Chalo | Media | 2014 | $150M | Venture Round |
 Eruditus Executive Education | Education | 2010 | $1.6B | Debt Financing |
 Snapmint | Fintech | 2015 | $47.8M | Series B |
 Kazam | Mobility | 2020 | $18.7M | Series B |
 Mumbai International Airport | Mobility | 2006 | $750M | Debt Financing |
 Magenta Mobility | Mobility | 2018 | $69.8M | Series B |
 Foxtale | Fashion | 2021 | $67.1M | Series C |
 The Whole Truth | Food | 2019 | $36.1M | Series C |
 Ninety One | Retail | 2015 | ₹2.5B | Series A |
 Hiranandani Financial Services | Enterprise | 2017 | ₹8B | Private Equity |
 Games24x7 | Sports | 2006 | $75M | Venture Round |
 Hotstar | Media | 2000 | $226.8M | Undisclosed |
 Pilgrim | Fashion | 2019 | $53.8M | Venture Round |
 CoinDCX | Crypto | 2018 | $247M | Series D |
 Ziffi Chess | Gaming | 2023 | ₹522M | Series A |
 SuperMoney | Enterprise | 2015 | $4.4M | Series A |
 OneAssist | Fintech | 2011 | $31.6M | Debt Financing |
 Bizongo | Fashion | 2015 | $334.8M | Series E |
 Nayara Energy | Energy | 1989 | ₹46.9B | Secondary Market |
 Skillmatics | Media | 2016 | $23.2M | Series B |
 uKnowva | Enterprise | 2010 | $500k | Seed |
 BorderPlus | Other | 2025 | $8.1M | Seed |
 Evren | Energy | — | $100M | Undisclosed |
 ANAROCK | Enterprise | 2017 | ₹2B | Private Equity |
 Reliance Retail | Retail | 2006 | $8.3B | Private Equity |
 Just In Time | Fashion | 2006 | ₹800M | Undisclosed |
 SBI General Insurance | InsurTech | 2010 | $432.4M | Private Equity |
 Piramal Capital & Housing Finance | Manufacturing | 2017 | $1B | Debt Financing |
 Neysa | AI | 2023 | $49.9M | Series A |
 Neogrowth | Enterprise | 2011 | $189.5M | Debt Financing |
 Freight Tiger | Mobility | 2014 | ₹3.7B | Corporate Round |
 SolarSquare Energy | Energy | 2015 | $60.2M | Series B |
 Pocket Aces | Media | 2013 | $19.8M | Debt Financing |
 Cityflo | Mobility | 2015 | $8.5M | Series A |
 Mintifi | Fintech | 2017 | $346.2M | Series E |
 OZiva | Food | 2016 | $17M | Series B |
 EatClub Brands | Retail | 2012 | $124.1M | Venture Round |
 Viacom18 Digital Ventures | Marketing | 2007 | ₹203.8B | Secondary Market |
 JetSynthesys | SaaS | 2014 | ₹3B | Venture Round |
 Centrum Housing Finance | Fintech | 2016 | $26.5M | Venture Round |
 Yodaplus Technologies Pvt Ltd | Infrastructure | 2016 | $2M | Undisclosed |
 Everest Fleet | Mobility | 2016 | $69.3M | Series C |
 Exposome | Environment | 2020 | ₹330M | Seed |
 Theobroma | Food | 2004 | $20M | Venture Round |
 Zype | Fintech | 2022 | ₹2.4B | Series B |
 CredAble | Fintech | 2017 | $74.4M | Debt Financing |
 Easy Home Finance | Fintech | 2018 | $50M | Series B |
 Kusumgar | Manufacturing | 1970 | ₹2B | Venture Round |
 CleanMax | Energy | 2011 | $233.3M | Debt Financing |
 Bewakoof | Retail | 2011 | ₹1.8B | Debt Financing |
 Mosaic Wellness | Retail | 2019 | $55.2M | Venture Round |
 Wishberry | Fintech | 2011 | $2.7M | Series A |
 Zeno Health | Healthcare | 2017 | $40.4M | Series C |
 IndiaBonds | Fintech | 2021 | ₹325M | Seed |
 ProEves | Enterprise | 2016 | ₹36M | Seed |
 Manastu Space | Logistics | 2017 | $9M | Series A |
 MyGlamm | Fashion | 2015 | $138.4M | Debt Financing |
 TransUnion CIBIL | Enterprise | 2000 | ₹3.4B | Private Equity |
 LenDenClub | Fintech | 2015 | $11.6M | Series A |
 Medikabazaar | Enterprise | 2015 | $187M | Series D |
 Bold Care | Healthcare | 2019 | $5M | Series A |
 TVS Industrial & Logistics Parks | Logistics | 2005 | ₹17.5B | Undisclosed |
 ImmunoACT | Biotech | 2018 | ₹1.4B | Corporate Round |
 Eduvanz | Fintech | 2016 | $51.4M | Debt Financing |
