The startup picture in Bhopal

Venture capital is the ecosystem's weak joint. Only 81 of 1662 tracked companies have ever raised outside money, while nearby Indore has 181 funded startups; Bhopal creates businesses, but the evidence does not show a deep local funding ladder.

Startups in Bhopal - 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.

Dilip Buildcon

Road Construction & Maintenance Services

est. 1987 · 22,702 staff · raised outside money

Dilip Suryavanshi — Chairman & MD

Devendra Jain — CEO

Top ranker

Toprankers: Comprehensive Learning Platform for Test Preparation Exams

est. 2016 · 282 staff · raised outside money

Karan Mehta — Co-Founder

Aditya Bose — Product Owner

Sahayog Microfi nce

Micro Loans in Madhya Pradesh

est. 1995 · 213 staff · raised outside money

Amul Urdhwareshe — CEO

XtraNet Technologies

IT & IT enabled services company with strong workforce

est. 2002 · 204 staff · raised outside money

Sukhbir Kukreja — Founder & Owner & Director

Samhita Development Network

Network of development institutions providing essential social services

est. 2007 · 174 staff · raised outside money

Balachander Krishnamurthy — Co-Founder · The University of Chicago

Praseeda Kunam — Co-Founder & CEO · MBA Washington University St Louis

Chirayu Health & Medicare

Provider of office equipment rental services

est. 1992 · 114 staff · raised outside money

Ajay Goenka — CEO

SOM Group of Companies

Liquor processing company

est. 1986 · 73 staff · raised outside money

J Arora — Managing Director

Deepak Arora — CEO · Lancaster University

Recapita Finance

Tech-enabled financial support company with tailored loan solutions

est. 2016 · 54 staff · raised outside money

Amit Jain — Founder & Managing Director

Swaayatt Robots

Autonomous driving conversion kits for vehicles

est. 2015 · 37 staff · raised outside money

Sanjeev Sharma — Founder & CEO · Bachelor of Technology Indian Institute of Technology Roorkee

Sahayog Dairy

Provider of excavation and earthworks services

est. 2013 · 35 staff · raised outside money

Anand Patiadar — Founder & CEO

Appointy

Online scheduling with social media integration for businesses.

est. 2007 · 33 staff · raised outside money

Sarang Verma — Co Founder & COO

Nemesh Singh — Co-Founder & CEO

TechXR

Platform offering immersive learning solutions

est. 2021 · 20 staff · raised outside money

Meenal Mishra — Co-Founder

Prashant Mishra — Co-Founder & CEO

The Kabadiwala

End-to-end waste management solution using a tech platform for efficient and transparent waste recovery

est. 2013 · 20 staff · raised outside money

Anurag Asati — Co-Founder · BE Oriental Ac In

Kavindra Raghuwanshi — Co-Founder

Ondoor

Provider of online platform offering grocery, household items, cakes, and flowers

est. 2014 · 18 staff · raised outside money

Shailendra Jain — Owner

Narendra Bapna — CEO & Managing Director

Jigyasa Rurban

Distribution services company that provides essential products to underserved rural and urban households

est. 2020 · 16 staff · raised outside money

Dharmesh Tarvecha — Co-Founder

Standyou

India's First Pay Per Live Test Evaluation Platform

est. 2016 · 16 staff · raised outside money

Rajan Sharma — Co-Founder & Director

Priyank Shrivatsava — Co-Founder & CEO

AgriGator

AgriGator - Digital Solution for Agri Supply Chain Efficiency

est. 2019 · 12 staff · raised outside money

Charu Chaturvedi — Co-Founder · MBA IIMA

Udit Sangwan — Co-Founder · MBA IIMA

Amaltas India

Innovative real estate development with community-focused designs

est. 1995 · 11 staff · raised outside money

Abdullah Husain — CEO

Khyati Foods

Provider of automation solutions and turbine services for industrial plants

est. 2006 · 9 staff · raised outside money

Gaurav Kabra — Proprietor

Ajit Kelkar — Co-CEO

Nirman

Nirman Share Brokers: Expanding Broking Services

est. 1987 · 8 staff · raised outside money

Abhas Jain — Managing Director

Praadis Education

Provider of educational apps and resources for students

est. 2019 · 8 staff · raised outside money

Prashant Bhatia — Co-Founder & MD

Aditi Bhatia — Co-Founder & President

App Works Technologies

Innovative app solutions for businesses, focusing on user experience

est. 2007 · 5 staff · raised outside money

Ashish Bhatia — Co-Founder

CollegeKhabri

College information platform for students

est. 2015 · 5 staff · raised outside money

Mohd Rauthar — Co-Founder

Arshi Khan — Founder

Vizzbee

Develops autonomous drones for last mile delivery purposes

est. 2018 · 5 staff · raised outside money

Ayush Jindal — Co-Founder & Director · Bachelor of Technology IIT Delhi

Vibhu Tripathi — Co-Founder & Director

cluster · 242 companies

Business Services

64 founded since 2018 · 6 funded

Sub-themes

it services · 83marketing services · 52hr services · 20facility management services · 12iot services · 9erp services · 8

e.g. Primeone, NSB BPO Solutions, Aadarsh

cluster · 220 companies

Consumer

140 founded since 2018 · 8 funded

Sub-themes

local services · 42wedding tech · 39matchmaking · 37fashion tech · 24logistics tech · 20residential real estate tech · 13

e.g. WWSO Group, The Kabadiwala, Bazarville

cluster · 123 companies

Education

25 founded since 2018 · 2 funded

Sub-themes

higher education institutions · 43k-12 schools · 38educational support services · 10continuing education centres · 7test preparation chains · 7k-12 edtech · 6

e.g. Maharishi Vidya Mandir, People, Rkdf University

cluster · 118 companies

Enterprise Applications

61 founded since 2018 · 5 funded

Sub-themes

marketingtech · 35hrtech · 29enterprise resource planning · 17k-12 edtech · 14saas · 11enterprise software · 10

e.g. Appointy, Cyber Tatva, Rightful Lab's

cluster · 117 companies

Retail

68 founded since 2018 · 4 funded

Sub-themes

fashion tech · 24horizontal e-commerce · 22e-commerce enablers · 9online gifting · 9beauty tech · 8home improvements · 7

e.g. Weartech Engineers, Coaltech Engineers, Bazarville

cluster · 83 companies

Edtech

35 founded since 2018 · 7 funded

Sub-themes

k-12 edtech · 33continued learning · 24test preparation tech · 22higher education tech · 14enterprise resource planning · 13online courses · 7

e.g. Top ranker, Magnet Brains, GeeksGod

cluster · 83 companies

Healthcare

40 founded since 2018 · 4 funded

Sub-themes

hospitals · 12rehabilitation and long-term care · 7home healthcare · 7services for healthcare providers · 6biopharma outsourcing · 6traditional pharmaceuticals · 5

e.g. Chirayu Health and Medicare, Mapaex, Bansal Hospital

cluster · 81 companies

Food And Agriculture

36 founded since 2018 · 10 funded

Sub-themes

food & beverage products · 26food processing · 16food distributors · 11crop inputs · 5food service chains · 5crop research and training services · 3

e.g. PROGREX VENTURES, Top 'n Town Official, Jayshri Gayatri Food Products

cluster · 80 companies

Food And Agriculture Tech

52 founded since 2018 · 5 funded

Sub-themes

crop tech · 40online grocery · 28food tech · 19food & beverage products · 3drones · 2livestock tech · 2

e.g. Ondoor, AgriGator, Atirya

cluster · 79 companies

Media & Entertainment

32 founded since 2018 · 1 funded

Sub-themes

internet first media · 47social platforms · 9internet first news publishers · 8book tech · 8film & tv studios · 6online travel · 3

e.g. Dainik Bhaskar Group Of Publication, TheSootr, insight tv news network

Founder & Background	Role	Company
Dilip Suryavanshi University of Jabalpur	Chairman & MD	Dilip Buildcon
Devendra Jain Vikram University	CEO	Dilip Buildcon
Karan Mehta Co-Founder-Toprankers \| UIT RGPV BE	Co-Founder	Top ranker
Aditya Bose Ex-Founder & CEO ProBano, Entrepreneurship Development Cell, IIEST Shibpur. IIEST Shibpur BTech 2017	Product Owner	Top ranker
Gaurav Goel Co-Founder & CEO-Toprankers \| Ex-Founder & CEO-ViDU,Brainpulley,Informatica \| Dr. A.P.J. Abdul Kalam Technical University BE 2008	Co-Founder & CEO	Top ranker
Amul Urdhwareshe Indore BSc, LLB	CEO	Sahayog Microfi nce
Sukhbir Kukreja Founder & Owner & Director-XtraNet Technologies \| Barkatullah Vishwavidyalaya 1996	Founder & Owner & Director	XtraNet Technologies
Balachander Krishnamurthy Ex-McKinsey, Zacks Investment Research, Wellington Management. IIT Delhi BTech, University of Chicago MBA	Co-Founder	Samhita Development Network
Praseeda Kunam St. Ann’s College BA, Washington University MBA.	Co-Founder & CEO	Samhita Development Network
J Arora Managing Director-SOM Group of Companies,	Managing Director	SOM Group of Companies
Deepak Arora ex-Som Distilleries & Breweries, Vodafone Essar Spacetel. Indian School of Business MBA 2013.	CEO	SOM Group of Companies
Sanjeev Sharma Founder & CEO Deep Eigen, ex-Co-Founder Searching-Eye. Indian Institute of Technology, Roorkee BTech 2011, University of Alberta M	Founder & CEO	Swaayatt Robots
Sarang Verma Co Founder & COO-Appointy \| Ex-EY,Bhopal Orthographic Engg \| IIM Ahmedabad BA,The University of Manchester MSc	Co Founder & COO	Appointy
Nemesh Singh Co-Founder & CEO-Appointy \| Ex-Xtremeheights IT \| Oriental Institute of science and Technology, Bhopal BE 2001	Co-Founder & CEO	Appointy
Meenal Mishra Co-Founder-TechXR Innovations \| National Law Institute University Bhopal LLB 2006, LLM 2012	Co-Founder	TechXR
Prashant Mishra Techxr Innovations, ex-Income Tax Department, ex-Department Of Income Tax, Indian Institute of Technology, Kanpur, 2003	Co-Founder & CEO	TechXR
Anurag Asati Co-Founder-TheKabadiwala \| Oriental Institute Of Science & Technology BE 2013	Co-Founder	The Kabadiwala
Kavindra Raghuwanshi Co-Founder-The Kabadiwala \| Ex-JSC Global Solution	Co-Founder	The Kabadiwala
Narendra Bapna Apical E-Solutions, Tekzee Technologies, Nsb Techappy, ex-Swati Organics.	CEO & Managing Director	Ondoor
Dharmesh Tarvecha Ex-S B Nagori & Company, Arohan Financial Services. The Institute of Chartered Accountants of India 2012	Co-Founder	Jigyasa Rurban

backgrounds shown where available

399 investors are on record backing Bhopal companies. The most committed:

Most active — backed 2+ companies

Bhopal Smart City Development

B-Nest

3IITI DRISHTI CPS Foundation

2Sixth Sense Ventures

2Ritesh Malik

2Ministry of Electronics & Information Technology

2Justin Hamilton

2Shanti Sharma

2Bhushan Gajaria

2Siddhi Khanapurkar

2Jasraj Rathi

2IIMCIP

Institutional

B-Nest · accelerator / incubatorSixth Sense Ventures · VC fundIIMCIP · accelerator / incubatorStartup Oasis · accelerator / incubatorC-CAMP · accelerator / incubatorUnitus · VC fundAxilor Ventures · VC fundT-Hub · accelerator / incubatorStartup Reseau · accelerator / incubatorAcumen · VC fundM12 · VC fundPrime Venture Partners · VC fundEdupreneur Village · VC fundRoots Ventures · VC fund+ 33 more

Private & corporate backers

Bhopal Smart City DevelopmentIITI DRISHTI CPS FoundationRitesh MalikMinistry of Electronics & Information TechnologyJustin HamiltonShanti SharmaBhushan GajariaSiddhi KhanapurkarJasraj RathiRajesh Vaidyanathan+ 342 more

hover a name to see who they backed

Funded startups — peer cities

Jaipur

402

Indore

181

108Nagpur

81Bhopal

21Ranchi

Companies that have raised

Company	Industry	Rounds	Latest Round	Founded
DigiQure	hospital & health care	1	2023-02	2018
Prayogik	non- renewable energy	1	2022-02	2019
Zapurse	food & beverages	0	—	2018
Accountant Lalaji	computer software	0	—	2013
Acenra AI	computer software	0	—	2025
Agrawalconstruction	construction	0	—	1983
AgriGator	logistics and supply chain	3	2020-12	2019
Alanna	cosmetics	2	2022-06	2015
Amaltas India	real estate	0	—	1995
Appointy	information technology and services	0	—	2007
App Works Technologies	information technology and services	7	2017-04	2007
Autofleet	automotive	0	—	2020
BimaXpress	financial services	0	—	2020
Carrus Mobility	professional & commercial services	0	—	2020
Chirayu Health & Medicare	business supplies and equipment	0	—	1992
C.J.Gelatine Products	chemicals	0	—	1980
CollegeKhabri	education management	1	2020-03	2015
Concept Campus	human resources	0	—	2012
Deep Eigen	e-learning	1	2021-10	2019
Dilip Buildcon	construction	1	2012-02	1987
Drmz	information technology and services	0	2020-01	2010
Ecoholics	e-learning	0	2011-08	2016
Eklavya	education management	0	—	1982
SOUL	farming	0	—	2021
Feedsco	food production	0	2025-04	2023

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

Company	Industry	Founded	Employees
ZANKX	apparel & fashion	2025	—
Atirya	farming	2025	—
Acenra AI	computer software	2025	—
Augmenza Tech	staffing and recruiting	2025	—
FantasyXpert	sports	2025	—
Floo	leisure, travel & tourism	2025	—
Growbio	farming	2025	—
Mahakal Associates	food production	2025	—
Marketing Mistake	marketing and advertising	2025	—
Mivoza	apparel & fashion	2025	—
MORPHIC	computer software	2025	—
Planethos	management consulting	2025	—
Praneura	internet	2025	—
Responsible AI Labs	computer software	2025	—
Rumin	real estate	2025	—
Tutorai	e-learning	2025	—
Gram Stay	hospitality	2024	—
Algae Tree	renewables & environment	2024	—
10Medz	hospital & health care	2024	—
Addeez	automotive	2024	—

The startup picture in Bhopal

Dilip Buildcon

Top ranker

Sahayog Microfi nce

XtraNet Technologies

Samhita Development Network

Chirayu Health & Medicare

SOM Group of Companies

Recapita Finance

Swaayatt Robots

Sahayog Dairy

Appointy

TechXR

The Kabadiwala

Ondoor

Jigyasa Rurban

Standyou

AgriGator

Amaltas India

Khyati Foods

Nirman

Praadis Education

App Works Technologies

CollegeKhabri

Vizzbee

Business Services

Consumer

Education

Enterprise Applications

Retail

Edtech

Healthcare

Food And Agriculture

Food And Agriculture Tech

Media & Entertainment

Need to go deeper than a city?