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
Indore has a real funding base, but trails the strongest nearby comparator. 181 of 3856 tracked companies have ever raised outside money; that beats Bhopal, Nagpur and Lucknow's funded-startup counts, while Jaipur stands at 402.
WATCH Watch whether Indore closes the gap with Jaipur while maintaining its lead over the other named peers.
Summary
Company formation is energetic, but the broader base remains lightly financed. Indore has 1417 companies founded since 2018, yet 14.9% of all tracked companies have shut down; funding stages remain dominated by unfunded businesses.
WATCH Watch whether recent founders survive long enough to secure their first checks.
cluster · 828 companies
Business Services
206 founded since 2018 · 18 funded
Sub-themes
it services · 450marketing services · 171hr services · 37ai services · 28management consulting services · 25bpo services · 24
e.g. InnoEye, InfoBeans, Annova Solutions
cluster · 385 companies
Consumer
190 founded since 2018 · 14 funded
Sub-themes
fashion tech · 55logistics tech · 52local services · 51matchmaking · 39wedding tech · 36road transport tech · 32
e.g. Elogistix, Duclean Facility Services, ShopKirana
cluster · 341 companies
Enterprise Applications
164 founded since 2018 · 19 funded
Sub-themes
marketingtech · 79hrtech · 73enterprise software · 45enterprise resource planning · 39saas · 36sales force automation · 33
e.g. FlylightCRM, webdunia, MQSYS Technologies
cluster · 309 companies
Retail
157 founded since 2018 · 18 funded
Sub-themes
fashion tech · 55horizontal e-commerce · 29b2b e-commerce · 29e-commerce enablers · 29beauty tech · 25e-commerce support services · 22
e.g. ShopKirana, Evitamin Business Consulting, Plantix Partner
cluster · 251 companies
Food And Agriculture
61 founded since 2018 · 20 funded
Sub-themes
food & beverage products · 85food processing · 43food distributors · 24crop inputs · 16food service chains · 15restaurants · 9
e.g. Yellow Diamond, Pushp, Kriti Nutrients
cluster · 215 companies
Consumer Goods
74 founded since 2018 · 22 funded
Sub-themes
food & beverage products · 95home furnishing products · 25beauty & personal care products · 24apparel brands · 19home care products · 14fashion accessories · 12
e.g. Commercial Syn Bags, Velnik India, Yellow Diamond
cluster · 203 companies
Healthcare
54 founded since 2018 · 9 funded
Sub-themes
clinics · 26hospitals · 25traditional pharmaceuticals · 23biopharma outsourcing · 19clinic chains · 17alternative medicine products · 13
e.g. Choithram Hospital and Research center, Annova Solutions, Symbiotec
cluster · 171 companies
Fintech
83 founded since 2018 · 17 funded
Sub-themes
investment tech · 100finance & accounting tech · 27payments · 21alternative lending · 13equity research platforms · 9banking tech · 7
e.g. Tradingo, ArihantPlus, TradingBells
cluster · 168 companies
Food And Agriculture Tech
77 founded since 2018 · 13 funded
Sub-themes
crop tech · 62online grocery · 61food tech · 50b2b e-commerce · 15livestock tech · 8food & beverage products · 7
e.g. ShopKirana, UpSale Suite, Plantix Partner
cluster · 149 companies
Real Estate And Construction
44 founded since 2018 · 5 funded
Sub-themes
real estate & infrastructure developers · 33building materials · 24architects · 21real estate brokers · 12construction management services · 12facility management services · 11
e.g. Shreeyam Power And Steel Industries, Kratika Workforce Security Services, Carryfast group
