Everything startup in one place: who's building, how the landscape clusters, the people and investors behind it, and whether the capital is real.
Summary
Venture capital is present but not yet a defining force: 138 of 2831 tracked companies have ever raised outside money. Ahmedabad's 881 funded startups show how much deeper a nearby funding pool can be, even as Vadodara's industrial and technology businesses expand.
WATCH Watch whether industrial startups attract more seed and growth investors.
Summary
Company formation is active but mostly bootstrapped and somewhat unforgiving. There are 887 companies founded since 2018, while 10.2% of all tracked companies have shut down; the large unfunded pool suggests entrepreneurship runs ahead of institutional capital.
WATCH Watch whether young companies progress from formation to durable funded growth.
cluster · 432 companies
Business Services
117 founded since 2018 · 2 funded
Sub-themes
it services · 166marketing services · 87hr services · 37management consulting services · 22erp services · 15engineering consulting · 15
e.g. Checkmate, L&T Technology Services, CISS India
cluster · 266 companies
Healthcare
51 founded since 2018 · 16 funded
Sub-themes
biopharma outsourcing · 71traditional pharmaceuticals · 44hospitals · 35clinics · 19pharmaceutical distributors · 17traditional medical devices · 12
e.g. Alembic Pharmaceuticals, Bennet Pharmaceuticals, Ami Lifesciences
cluster · 219 companies
Consumer
108 founded since 2018 · 8 funded
Sub-themes
fashion tech · 33logistics tech · 24wedding tech · 23matchmaking · 23local services · 22b2c e-commerce · 19
e.g. Bharatiya Vidya Bhavan's, AstroLaabh, SpeedForce
cluster · 212 companies
Chemicals And Materials
50 founded since 2018 · 12 funded
Sub-themes
diversified chemicals · 72polymers · 22chemical distributors · 15metals and alloys · 12paints and coatings · 11inorganic chemicals · 10
e.g. GACL, Kutch Chemical Industries, Zydex Group
cluster · 182 companies
Industrial Goods And Manufacturing
35 founded since 2018 · 6 funded
Sub-themes
manufacturing services · 96industrial automation equipment · 40packaging machinery · 15contract manufacturers · 11industry 4.0 · 7industrial safety · 7
e.g. L&T Technology Services, Rishi FIBC Solutions, Koshambh
cluster · 177 companies
Enterprise Applications
81 founded since 2018 · 5 funded
Sub-themes
marketingtech · 47hrtech · 35enterprise software · 23saas · 23sales force automation · 18enterprise resource planning · 17
e.g. Apprentices, IMRIEL Technology Solutions Pvt. Ltd., Hunt N Hire
cluster · 167 companies
Retail
84 founded since 2018 · 8 funded
Sub-themes
fashion tech · 33horizontal e-commerce · 20beauty tech · 20b2c e-commerce · 12b2b e-commerce · 12home improvements · 12
e.g. Skoodle Play, SARA GANDEVIKAR JEWELLERS, Packing Supply
cluster · 160 companies
Real Estate And Construction
31 founded since 2018 · 3 funded
Sub-themes
building materials · 38real estate & infrastructure developers · 28construction management services · 26construction contractors · 16facility management services · 13architects · 12
e.g. Checkmate, CISS India, Tiki Tar Industries
cluster · 143 companies
Energy
33 founded since 2018 · 10 funded
Sub-themes
electricity transmission & distribution equipment · 41solar energy · 37oil & gas equipment · 12electricity transmission & distribution project developer · 9bioenergy · 8wind energy · 7
e.g. GSECL, Schneider Electric Infrastructure, GETCO
cluster · 134 companies
Food And Agriculture
44 founded since 2018 · 10 funded
Sub-themes
food & beverage products · 39food processing · 21food service chains · 17food distributors · 12food processing & packaging equipment · 10foodservice equipment · 7
e.g. Shashi Catering Services, Manpasand Beverages, Sudeep Group
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