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
Capital access is deep, but most companies still stand outside it. The registry tracks 4577 businesses that have ever raised outside money, while 23381 remain unfunded; Mumbai has scale without making fundraising the default condition.
WATCH Watch whether more of Mumbai's unfunded companies move into seed funding.
Summary
Company formation is energetic, but mortality is part of the bargain: 11761 companies have been founded since 2018, while 14.0% of all tracked companies have shut down. That combination signals a large, active and unforgiving ecosystem.
WATCH Watch whether new formation continues while the shutdown share begins to ease.
cluster · 5535 companies
Business Services
1072 founded since 2018 · 276 funded
Sub-themes
it services · 1327marketing services · 1323hr services · 626management consulting services · 431event management services · 313legal services · 271
e.g. L&T Infotech, LTIMindtree, Hexaware
cluster · 4506 companies
Consumer
1575 founded since 2018 · 578 funded
Sub-themes
fashion tech · 1082local services · 477logistics tech · 348online travel · 343b2c e-commerce · 333professional consumer services · 289
e.g. Quiklyz, Jamshedpur FC, Justdial
cluster · 3959 companies
Retail
1520 founded since 2018 · 530 funded
Sub-themes
fashion tech · 1084beauty tech · 379b2b e-commerce · 323apparel brands · 270mom & baby care · 216e-commerce enablers · 215
e.g. Aditya Birla Nuvo, Pantaloons, Misbu
cluster · 3077 companies
Enterprise Applications
1120 founded since 2018 · 411 funded
Sub-themes
hrtech · 780marketingtech · 523enterprise resource planning · 271sales force automation · 225enterprise software · 220saas · 202
e.g. BigSunWorld Techo., TeamLease Edtech, Datamatics
cluster · 2850 companies
Consumer Goods
863 founded since 2018 · 400 funded
Sub-themes
food & beverage products · 574fashion accessories · 464apparel brands · 434beauty & personal care products · 378home furnishing products · 271fashion tech · 213
e.g. Aditya Birla Nuvo, Mahavir Packaging, Zudio
cluster · 2301 companies
Fintech
1057 founded since 2018 · 627 funded
Sub-themes
investment tech · 930alternative lending · 388payments · 326finance & accounting tech · 228banking tech · 211cryptocurrencies · 99
e.g. Future Pay, Moneyfy, SBICAP
cluster · 2278 companies
Financial Services
596 founded since 2018 · 277 funded
Sub-themes
asset management · 664finance & accounting services · 335consumer and sme loans · 304services for investment industry · 292service providers to banks · 149brokers and dealers · 146
e.g. State Bank of India, SBICAP, SBI
cluster · 2226 companies
Healthcare
508 founded since 2018 · 227 funded
Sub-themes
biopharma outsourcing · 377traditional pharmaceuticals · 325clinics · 197pharmaceutical distributors · 192hospitals · 131clinic chains · 130
e.g. Sun Pharma, Lupin, Macleods
cluster · 2054 companies
Real Estate And Construction
419 founded since 2018 · 196 funded
Sub-themes
real estate & infrastructure developers · 589building materials · 295facility management services · 221architects · 185interior designers · 177real estate brokers · 174
e.g. Hindalco Everlast, Rubberwala, SILA
cluster · 2034 companies
Media & Entertainment
625 founded since 2018 · 233 funded
Sub-themes
film & tv studios · 498internet first media · 476social platforms · 248ott video · 194tech for film & tv · 119book tech · 103
e.g. Premier India, Inox Leisure, Times Now News
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