The startup picture in Thiruvananthapuram

Venture capital is present, not deep. Only 171 tracked companies have ever raised outside money, but recent wins are meaningful: semiconductor startup Netrasemi raised $12.5 million and fashion brand MyDesignation raised $1.25 million.

Startups in Thiruvananthapuram - Funding, Founders & Investors

Everything startup in one place: who's building, how the landscape clusters, the people and investors behind it, and whether the capital is real.

Muthoot Fincorp

Mass Gold Loan Distribution Network

est. 1887 · 40,991 staff · raised outside money

Shaji Varghese — CEO

IBS Software Services

Software solutions for the travel industry

est. 1997 · 2,961 staff · raised outside money

Valayil Mathews — Founder & Executive Chairman · Master of Engineering IIT Kanpur

Somit Goyal — Chief Executive Officer · B.S IIT Delhi

HLL Lifecare

Provider of healthcare products and services

est. 1966 · 1,750 staff · raised outside money

Arun Singhal — Chairman & CEO

Asianet Satellite Communications

Digital Cable & Broadband ISP Expansion

est. 1993 · 726 staff · raised outside money

Murthy Chaganti — CEO & MD

Acsia Technologies

Mobility Software Experts

est. 2014 · 398 staff · raised outside money

Jijimon Chandran — Co-Founder & CEO · Master of Science BITS Pilani

Kerala Startup Mission

Accelerator and incubator focused on startup

est. 2006 · 325 staff · raised outside money

Akshitha Himalaya — Partner

Rathan Kelkar — Chairman

SunTec

Revenue Management & Customer Experience SaaS Platform

est. 1990 · 295 staff · raised outside money

Sreejith Sreekumar — Senior Manager, CEO's Office || Head, Enterprise Program Management Office

SE-Mentor

Software testing services

est. 2007 · 214 staff · raised outside money

Nandakumar Sreedhar — Founder & Director

Boby Varghese — CEO

Vinvish Technologies

Advanced Optoelectronics for Medical Devices

est. 2004 · 109 staff · raised outside money

Ramadas Manakattompalli — Founder

Trois

Integrated solution provider for E-Governance, E-Commerce, Hospitality, FMCG and Utility

est. 2018 · 85 staff · raised outside money

Jithesh T — Co-Founder & CEO · Bharathiar University

Regil Raghavan — Co-Founder & COO

Cleareye

AI-based software suite for banks & financial institutions

est. 2019 · 79 staff · raised outside money

Mariya George — Co-Founder & CEO

Sarath Sasikumar — Co-Founder & President

Triassic

Triassic: Healthcare Innovation Through Emerging Technologies at Low Cost

est. 2004 · 70 staff · raised outside money

Aneesh Suhail — Co-Founder and Partner

Hyreo

Data insights for better talent acquisition through NLP, ML and chatbot technologies.

est. 2013 · 69 staff · raised outside money

Mahesh Raju — Co-Founder · BTech Cochin University of Science and Technology

Arun Satyan — Co-Founder & CEO · BE Cochin University of Science and Technology

Perfomatix

Fast Forward Innovation

est. 2013 · 61 staff · raised outside money

Hiran Ram — Co-Founder & COO

Liju Pillai — Founder And Cto - Perfomatix

TOSIL systems

IoT-focused RD and engineering services for Industrial and Home automation

est. 2017 · 53 staff · raised outside money

Sivaprasad Pochayil Kumarapanicker — Co-Founder, Chairman & Cto

Biju Viswanathan — Co-Founder & CEO

Netrasemi

Developer of system-on-chips and chiplet architectures for edge computing applications

est. 2020 · 39 staff · raised outside money

Deepa Geetha — Co-Founder, COO & Director

Sreejith Varma — Co-Founder & CTO · College of Engineering Trivandrum

Waybeo

AI-powered telecom solutions for enhanced business telephony.

est. 2009 · 37 staff · raised outside money

Krishnan lyer — Co-Founder & CEO

Manu Dev — Co-Founder & Director

Heera Homes

Developer of residential & commercial properties

est. 1991 · 33 staff · raised outside money

A R Babu — CEO & MD

Qworks

Provides products and services for business operations

est. 2015 · 33 staff · raised outside money

Narayan Haridas — CEO

Cogniphi

Developer of computer vision platform providing contextual insights from visual data

est. 2015 · 27 staff · raised outside money

Michael Kravietz — Co-Founder · • Associate Diploma In Digital Electronics And Computing VU

Purple Health

Online platform for video consulting with doctors and appointment booking

est. 2014 · 22 staff · raised outside money

Nagarjun Mishra — Co-Founder & CEO · MBBS

mistEO

iGatrad Business Solutions - Simplifying and supporting business operations in India

est. 2019 · 21 staff · raised outside money

Samuel John — Co-Founder & CEO · MA University of Bradford

Ditto Sheela — Co-Founder

Trydan Tech

Battery-free electric vehicles - Revolutionizing the future of transportation

est. 2020 · 20 staff · raised outside money

Hari Krishnan — Co-Founder

Satheesh Kumar — Co-Founder

Continuous Care

Practice management software

est. 1996 · 19 staff · raised outside money

Indu Lakshmy — Co-Founder

Shankar Lal — Co-Founder & CEO · MSc Durham University

cluster · 256 companies

Business Services

70 founded since 2018 · 27 funded

Sub-themes

it services · 122marketing services · 39iot services · 17ai services · 16hr services · 14digital transformation services · 10

e.g. Experion Technologies, Reflections, InApp

cluster · 166 companies

Enterprise Applications

69 founded since 2018 · 26 funded

Sub-themes

hrtech · 33enterprise resource planning · 32marketingtech · 25k-12 edtech · 24sales force automation · 11saas · 9

e.g. Assuretech, SunTec, Ospyn

cluster · 144 companies

Consumer

62 founded since 2018 · 13 funded

Sub-themes

local services · 23professional consumer services · 18fashion tech · 14logistics tech · 13online travel · 12road transport tech · 11

e.g. CAReGO, Sapthazeal, Trois

cluster · 114 companies

Healthcare

44 founded since 2018 · 10 funded

Sub-themes

hospitals · 33clinics · 11home healthcare · 9services for healthcare providers · 8clinic chains · 6rehabilitation and long-term care · 5

e.g. HLL Lifecare, Pankajakasthuri, PRS Hospital

cluster · 103 companies

Edtech

53 founded since 2018 · 14 funded

Sub-themes

k-12 edtech · 51test preparation tech · 27enterprise resource planning · 22higher education tech · 21continued learning · 16pre-k edtech · 4

e.g. Kidu Kidu, Law Pundits, Green board

cluster · 90 companies

Education

24 founded since 2018 · 9 funded

Sub-themes

higher education institutions · 28continuing education centres · 23k-12 schools · 15continuing education chains · 9test preparation centres · 5early education & child care centres · 3

e.g. Rajiv Gandhi Centre for Biotechnology, ICT Academy, Trivandrum International School

cluster · 87 companies

Real Estate And Construction

36 founded since 2018 · 3 funded

Sub-themes

real estate & infrastructure developers · 20construction management services · 15facility management services · 9construction contractors · 9building materials · 8architects · 7

e.g. Technopark, Artech Realtors, kerala industrial infrastructure development corporation

cluster · 83 companies

Retail

45 founded since 2018 · 6 funded

Sub-themes

e-commerce enablers · 14fashion tech · 14horizontal e-commerce · 8retailers · 7b2b e-commerce · 5apparel brands · 4

e.g. Ramachandran Textiles, Mozanta, Aham Designer Boutique

cluster · 75 companies

Healthtech

33 founded since 2018 · 10 funded

Sub-themes

healthcare it · 39healthcare booking platforms · 21life sciences tech · 6clinical labs it · 6disease self management · 5fitness & wellness tech · 4

e.g. NeedStreet , Nocon Solutions, Purple Health

cluster · 69 companies

High Tech

43 founded since 2018 · 20 funded

Sub-themes

security & surveillance technology · 9artificial intelligence · 9iot applications · 8smart cities · 7manufacturing tech · 6computer vision · 6

e.g. Trois, Hyreo, Netrasemi

Founder & Background	Role	Company
Valayil Mathews NASSCOM, ex-Confederation of Indian Industry. IIT Kanpur ME	Founder & Executive Chairman	IBS Software Services
Somit Goyal Chief Executive Officer IBS Software \| INSEAD MBA 2005	Chief Executive Officer	IBS Software Services
Murthy Chaganti Ex-CEO airtel, General Mills. Osmania University BE 1992, XLRI Jamshedpur PGDBM 1995	CEO & MD	Asianet Satellite Communications
Jijimon Chandran Ex-MELCO SODC, NeST, Hitachi Omron Terminal Solutions, Hitachi Engineering. BITS Pilani MS	Co-Founder & CEO	Acsia Technologies
Tom Thomas Ex-ADIF, The IIIT-H Foundation, Startup Village. National Institute of Technology Warangal 2010, Indian Institute of Management, K	COO	Kerala Startup Mission
Fathima Nida SSM Polytechnic College	COO	Kerala Startup Mission
Anoop Ambika CEO CLAP Research, ex-CEO Cognub Decision Solutions, Kreara Solutions, Telica, Nortel. University of Kerala BTech 1995, Babson Col	CEO	Kerala Startup Mission
Sreejith Sreekumar COO-Make Your Own Perfume \| Ex-SunTec Business Solutions,Infosys \| IIM Raipur PGDM 2014	Senior Manager, CEO's Office \|\| Head, Enterprise Program Management Office	SunTec
Nandakumar Sreedhar ex- IBM Global Process Services, Astra infotech. ICFAI 2006	Founder & Director	SE-Mentor
Boby Varghese Ex-Kaashyap Technologies	CEO	SE-Mentor
Jithesh T Co-Founder & CEO Trois Infotech \| Ex-UL Technology Solutions \| GOVT COLLEGE MADAPPALLY BSc 2003, Bharatidasan university MSc 2007,	Co-Founder & CEO	Trois
Regil Raghavan Co-Founder & COO Trois Infotech \| Ex-UL Technology Solutions, ULCCS SRIT \| Nirmalagiri College MSc 2006, PSNA CET MTech 2010	Co-Founder & COO	Trois
Mariya George Forbes Council, ex-Ust Global, ex-Barclays Capital, Cochin University of Science and Technology	Co-Founder & CEO	Cleareye
Sarath Sasikumar Itfa, ex-Ust Global, Mahatma Gandhi University	Co-Founder & President	Cleareye
Aneesh Suhail Triassic Solutions, ex-Tech Vendors, ex-Nest, ER & DCI Institute of Technology, 1997	Co-Founder and Partner	Triassic
Mahesh Raju Ex-Co-Founder ThoughtsArena Solutions, UST Global, Toonz Animation India. Cochin University of Science and Technology BTech 2003	Co-Founder	Hyreo
Arun Satyan Founder ThoughtsArena Solutions, ex-UST Global, Cap Gemini. Cochin University of Science and Technology BE	Co-Founder & CEO	Hyreo
Hiran Ram Ex-Paf. University of Kerala BTech 2004	Co-Founder & COO	Perfomatix
Liju Pillai Ex-Infosys, TCS.	Founder And Cto - Perfomatix	Perfomatix
Harish Mohan Ex-Infosys, RM Education, TCS. College of Engineering Trivandrum BTech 2004	Ceo	Perfomatix

backgrounds shown where available

200 investors are on record backing Thiruvananthapuram companies. The most committed:

Most active — backed 2+ companies

Kerala Startup Mission

6BIRAC

3Maker Village

2Maharashtra State Innovation Society

2Upekkha

2Unicorn India Ventures

2Jayachandran R

2Nalini Kizhedath

2Bonny Sunny

2100X.VC

2KRS Jamwal

2Ajay Prabhu

Institutional

Kerala Startup Mission · accelerator / incubatorMaker Village · accelerator / incubatorMaharashtra State Innovation Society · accelerator / incubatorUpekkha · accelerator / incubatorUnicorn India Ventures · VC fund100X.VC · VC fundSeason Two Ventures · VC fundCallapina · VC fundSuccess Accelerator · accelerator / incubatorSFAL · accelerator / incubatorZone Startups India · accelerator / incubatorKatabole Technology Venture · VC fundMainstage Hub · accelerator / incubatorSocial Alpha · accelerator / incubator+ 16 more

Private & corporate backers

BIRACJayachandran RNalini KizhedathBonny SunnyKRS JamwalAjay PrabhuUday ChatterjeeState Bank of IndiaOriental Bank Of CommerceGeneral Atlantic+ 160 more

hover a name to see who they backed

Funded startups — peer cities

Kochi

292

Thiruvananthapuram

171

Bhubaneswar

139

112Chandigarh

62Guwahati

Companies that have raised

Company	Industry	Rounds	Latest Round	Founded
Vashishtha Research	machinery	2	2023-01	2018
ZeroEarth	agriculture	0	2025-03	2023
I-eon	other hardware	0	—	2020
Chilli Pepper Kitchens	restaurants	0	—	2021
1074 Vectors	computer software	0	—	2016
3MBK	information technology and services	0	—	2015
Acsia Technologies	automotive	0	—	2014
Aeka Biochemicals	biotechnology	1	2019-07	2014
AgriGate	agriculture	0	—	2021
AiBlocks	e-learning	0	—	2019
Aidrone	aeronautics aerospace & defence	0	—	2018
Accubits Invent	biotechnology	0	—	2020
AIWare.ai	business/productivity software	0	—	2019
Alicorn Medical	biotechnology	0	—	2017
Altaire Insights	information technology and services	0	—	2019
AM Needs	food & beverages	2	2020-01	2019
Aramis	medical devices	0	—	2018
Asianet Satellite Communications	telecommunications	0	—	1993
Assistived Intelligence	healthcare & lifesciences	0	—	2020
Athmic Biotech	agriculture	0	—	2014
Atmasutra Wellness	health, wellness and fitness	0	—	2019
AugSenseLab	research	0	2025-01	2019
Axen Software	computer software	0	—	2015
AY Consulting	robotics	0	—	2020
AYMAX	information technology and services	0	—	2023

round amounts sparse for tier-3 cities — counts shown, dollar totals withheld

Company	Industry	Founded	Employees
Aquarius	facilities services	2025	—
HALCONIQ	education management	2025	—
Lumenze	information technology and services	2025	—
Manalife AI	hospital & health care	2025	—
Noafo	transportation/trucking/railroad	2025	—
Plenti	food & beverages	2025	—
Safcurl	computer software	2025	—
Sunridge Bitrevia	financial services	2025	—
Trivionex AI	information technology and services	2025	—
Ui2 Labs	industrial automation	2025	—
Type 3 Civilization Technologies	biotechnology	2024	—
Aenlite	education management	2024	—
Aller France	education management	2024	—
Aura Hospitality	hospitality	2024	—
Aura Limitless	apparel & fashion	2024	—
Celf Ventures	logistics and supply chain	2024	—
Cognitia	computer software	2024	—
Crescent Construction	real estate	2024	—
De Lujan	other commercial services	2024	—
Dr. Anup's Insight Eye Hospital	medical practice	2024	—

The startup picture in Thiruvananthapuram

Muthoot Fincorp

IBS Software Services

HLL Lifecare

Asianet Satellite Communications

Acsia Technologies

Kerala Startup Mission

SunTec

SE-Mentor

Vinvish Technologies

Trois

Cleareye

Triassic

Hyreo

Perfomatix

TOSIL systems

Netrasemi

Waybeo

Heera Homes

Qworks

Cogniphi

Purple Health

mistEO

Trydan Tech

Continuous Care

Business Services

Enterprise Applications

Consumer

Healthcare

Edtech

Education

Real Estate And Construction

Retail

Healthtech

High Tech

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