The startup picture in Nagpur

Venture capital is Nagpur's weak link. Just 108 of 2315 tracked companies have ever raised outside money; nearby Indore counts 181 funded startups, underlining the comparative gap.

Startups in Nagpur - 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.

Berar Finance

Diversified lending NBFI

est. 1990 · 1,997 staff · raised outside money

Maroti Jawanjar — Founder

Solar Group

Global Industrial Explosives Manufacturing and Ammunition Production

est. 1995 · 1,875 staff · raised outside money

Satyanarayan Nuwal — Founder

Solar Industries

Manufacturer of defense and industrial explosives

est. 1995 · 1,811 staff · raised outside money

Kailashchandra Nuwal — Co-Founder

Satyanarayan Nuwal — Co-Founder & Chairman

Ankur Seeds

Traditional seed production company with over 200 varieties in 16 crops

est. 1976 · 1,750 staff · raised outside money

Madhav Govindrao Shembekar — Co-Founder & Managing Director

Ravi Madan Kashikar — Co-Founder

ADCC Infocad Limited

Provider of geographic information systems & commercial software solutions

est. 1998 · 950 staff · raised outside money

Abhay Kimmatkar — Joint MD

Confidence Group

Manufacturer and supplier of bottled LPG gas cylinders

est. 1993 · 826 staff · raised outside money

Nitin Khara — Managing Director

Kingsway Hospitals

Kingsway Hospitals- World Class Healthcare Facility in Central India

est. 2017 · 762 staff · raised outside money

Abhinay Bollineni — Chief Executive Officer

Ashish Chandra — CEO

Zim Labs

Research-driven pharmaceutical company offering generic oral solid dosage forms

est. 1989 · 591 staff · raised outside money

Anwar Daud — CEO & MD

Haldiram Foods International

Haldiram's - Bringing traditional Indian snacks to the modern world

est. 1937 · 576 staff · raised outside money

Sushilkumar Shivkishan Agrawal — Founder

Rajendra Agrawal — Executive Director

Loksuvidha

Fintech company offering personal, two wheeler and e-rickshaw loans with hassle-free process.

est. 2008 · 478 staff · raised outside money

Nimish Laddhad — Founder & Managing Director · CA The Institute of Chartered Accountants of India

SPACEWOOD Furnishers

Modular Furniture Innovation for Home and Office

est. 1996 · 259 staff · raised outside money

Vivek Deshpande — Co-Founder & Director · BE VNIT

Kirit Joshi — Co-Founder · VNIT

Swarna Pragati

Micro-mortgage incremental housing for low-income rural families

est. 2009 · 246 staff · raised outside money

Ramesh Kumar Aravamuthan — Founder

Prashant Banerjee — CEO

Feepayr

Online fee collection portal

est. 2016 · 219 staff · raised outside money

Sham Somani — Founder & Managing Director

Rite Water Solutions

Innovative Clean Water Solutions Tailored to Unique Challenges

est. 2006 · 197 staff · raised outside money

Vinod Gaan — Proprietor

Abhijeet Gaan — CEO & Managing Director · Bachelor of Engineering BITS Pilani

Trust Systems & S/w

TSSIPL: Software Solutions & Services provider with focus on BFSI sector

est. 1998 · 185 staff · raised outside money

Hemant Chafale — CEO

TrustBank CBS

Core banking software for banking operations automation

est. 1999 · 185 staff · raised outside money

Hemant Chafale — CEO & MD

Suryaamba

Innovative synthetic spun yarn manufacturer with lean manufacturing principles

est. 1993 · 175 staff · raised outside money

Virender Agarwal — Founder & Managing Director

SBL Energy

Manufacturer of industrial and mining explosives, detonators, and explosive accessories

est. 2002 · 164 staff · raised outside money

Sanjay Choudhary — Owner

Virtual Galaxy Infotech

Traditional Sales and After-Sales Support Provider

est. 1997 · 106 staff · raised outside money

Sachin Pande — Founder & Owner

Automark Industries

Manufacturer of reflective pavement marker, road marking paint, and air preheater

est. 2002 · 91 staff · raised outside money

Roseline — CEO

Figment Global Solutions

Tax compliance solutions for businesses

est. 2012 · 70 staff · raised outside money

Himanshu Chordia — Co-Founder & Director

Rasoya Proteins

Soyabean processor and produces soya based products

est. 1992 · 69 staff · raised outside money

Prashant Duchakke — CEO & Director

Touristlink

Touristlink.com - Social platform for travel & cultural experiences

est. 2011 · 29 staff · raised outside money

David Urmann — Co-Founder & CEO

Jayesh Bagde — Co-Founder & COO

Cureveda

Therapeutic natural supplements fused with modern science for holistic well-being.

est. 2010 · 19 staff · raised outside money

Siddhesh Sharma — Co-Founder · BS The University of Nottingham

Bhavna Anand Sharma — Co-Founder & CEO

cluster · 311 companies

Business Services

65 founded since 2018 · 4 funded

Sub-themes

it services · 143marketing services · 49hr services · 22iot services · 13ai services · 12erp services · 12

e.g. EDR, Safeguard Detective & Manpower Solutions, ADCC Infocad Limited

cluster · 273 companies

Healthcare

130 founded since 2018 · 4 funded

Sub-themes

pharmaceutical distributors · 128hospitals · 50biopharma outsourcing · 16traditional pharmaceuticals · 14alternative medicine products · 9clinics · 7

e.g. Alexis Multi-Speciality Hospital, Kingsway Hospitals, Zim Labs

cluster · 215 companies

Consumer

118 founded since 2018 · 10 funded

Sub-themes

local services · 31wedding tech · 30fashion tech · 26matchmaking · 25road transport tech · 24logistics tech · 21

e.g. Jobs in Nagpur, IndTrack, Touristlink

cluster · 195 companies

Enterprise Applications

81 founded since 2018 · 8 funded

Sub-themes

hrtech · 50enterprise resource planning · 30sales force automation · 20marketingtech · 19saas · 15enterprise software · 12

e.g. Jobs in Nagpur, Feepayr, iitms.co.in

cluster · 142 companies

Retail

72 founded since 2018 · 11 funded

Sub-themes

fashion tech · 26retailers · 14beauty tech · 14b2b e-commerce · 11e-commerce support services · 11horizontal e-commerce · 11

e.g. Alacrity Ecommerce Solutions, NGRT, Wings Lifestyle

cluster · 116 companies

Real Estate And Construction

34 founded since 2018 · 7 funded

Sub-themes

building materials · 28real estate & infrastructure developers · 28construction management services · 19construction contractors · 11architects · 8real estate brokers · 7

e.g. SMS, Safeguard Detective & Manpower Solutions, Kesar Lands

cluster · 113 companies

Consumer Goods

33 founded since 2018 · 12 funded

Sub-themes

food & beverage products · 40beauty & personal care products · 13apparel brands · 9home furnishing products · 9fashion accessories · 8household durables · 6

e.g. Healthoware Impex, Haldiram’s, Dinshaws

cluster · 106 companies

Education

19 founded since 2018 · 2 funded

Sub-themes

higher education institutions · 32k-12 schools · 23continuing education chains · 11continuing education centres · 10educational support services · 9test preparation centres · 6

e.g. Government Polytechnic Nagpur, Raisoni, Mginagpur

cluster · 105 companies

Food And Agriculture

38 founded since 2018 · 9 funded

Sub-themes

food & beverage products · 36food processing · 14food distributors · 12food service chains · 7crop equipment · 5crop inputs · 4

e.g. Haldiram’s, Dinshaws, Gwalior Alcobrew

cluster · 86 companies

Healthtech

47 founded since 2018 · 4 funded

Sub-themes

healthcare booking platforms · 37healthcare it · 29disease self management · 9fitness & wellness tech · 8wearable technology · 4life sciences tech · 3

e.g. Habuild, HospyCare, yourphysio

Founder & Background	Role	Company
Satyanarayan Nuwal Solar Industries.	Founder	Solar Group
Satyanarayan Nuwal Solar Industries.	Co-Founder & Chairman	Solar Industries
Ashish Chandra Ex- Apollo Hospitals Bhubaneshwar, IVY Hospitals Amritsar, Medicover Healthcare Delhi	CEO	Kingsway Hospitals
Sushilkumar Shivkishan Agrawal Director - Vevek Venture Investments	Founder	Haldiram Foods International
Kamalkumar Agrawal Shivkisan Director - Vevek Venture Investments	Executive Director	Haldiram Foods International
Nimish Laddhad Loksuvidha Finance Limitied	Founder & Managing Director	Loksuvidha
Vivek Deshpande Founder Spacewood Furnishers, ex-VIP Industries. Visvesvaraya National Institute of Technology BE 1992	Co-Founder & Director	SPACEWOOD Furnishers
Kirit Joshi Co-Founder Spacewood.	Co-Founder	SPACEWOOD Furnishers
Ramesh Kumar Aravamuthan Sa Dhan, ex-Swarna Pragati Housing Microfinance, ex-Uti Trustee, Delhi University	Founder	Swarna Pragati
Prashant Banerjee Swarna Pragati Housing Microfinance, ex-Gilada Finance And Investments, ex-Light Microfinance, IRMA, 2006	CEO	Swarna Pragati
Sham Somani VNIT Nagpur M.Tech 1986	Founder & Managing Director	Feepayr
Vinod Gaan Ex-Candy Filters.	Proprietor	Rite Water Solutions
Abhijeet Gaan BITS Pilani BE 2004, SPJIMR MBA 2006	CEO & Managing Director	Rite Water Solutions
Hemant Chafale Babasaheb Bhimrao Ambedkar University BE 1992	CEO	Trust Systems & S/w
Hemant Chafale Babasaheb Bhimrao Ambedkar University BE 1992	CEO & MD	TrustBank CBS
Sachin Pande Virtual Galaxy Infotech, D. D. Nagar High school, Nagpur, 1987	Founder & Owner	Virtual Galaxy Infotech
Himanshu Chordia Ex-V.K. Surana & Co. Rashtrasant Tukadoji Maharaj Nagpur University, BCom 2008, The Institute of Chartered Accountants of India CA	Co-Founder & Director	Figment Global Solutions
Prashant Duchakke Ex-Mahafed	CEO & Director	Rasoya Proteins
Siddhesh Sharma Shree Baidyanath Ayurveda Bhawan, Founder Naturedge Beverages, Siddhayu. University of Nottingham BS, SPJIMR SP Jain Institute of	Co-Founder	Cureveda
Nishit Sharma COO-Brave,Wings Lifestyle \| Ex-Grofers \| Vellore Institute of Technology BE 2010,University of Sydney MEng 2016	Co-Founder	Wings Lifestyle

backgrounds shown where available

416 investors are on record backing Nagpur companies. The most committed:

Most active — backed 2+ companies

India SME Investments

Startup Incubation and Innovation Centre

Institutional

Startup Incubation and Innovation Centre · accelerator / incubatorAavishkaar Capital · VC fundOmidyar Network India · VC fundAsha · VC fundGoodwell Investments · VC fundSIDBI Venture Capital · VC fundGJNX Ventures · VC fund1955 Capital · VC fundStart-Up Chile · accelerator / incubator88mph · VC fundVenture Garage · accelerator / incubatorAnthill Ventures · VC fundGrayCell Ventures · VC fundFOUNDERS ROOM CAPITAL · VC fund+ 20 more

Private & corporate backers

India SME InvestmentsAmicus Capital PartnersMaj InvestNorthern Arc CapitalAbler NordicFirstBridgeFundSushil AgarwalAvinoagrifarmsDattatraya DalalKachore Ravindra+ 372 more

hover a name to see who they backed

Funded startups — peer cities

Indore

181

Lucknow

111

Nagpur

108

Kanpur

Bhopal

Companies that have raised

Company	Industry	Rounds	Latest Round	Founded
Confidence Group	oil & energy	2	2023-11	1993
SPACEWOOD Furnishers	furniture	1	2015-11	1996
R F Arrays Systems	wireless	1	2010-03	2004
Sri Sai Nath Agri Industries	management consulting	2	2012-03	1978
SM Wireless Solutions	electrical/electronic manufacturing	1	2010-03	2005
Farda	direct-to-consumer brands	1	2022-03	2022
Licksters	food & beverages	2	2023-01	2019
Twin Ridges Elementary School District	education management	0	2025-08	2016
ADCC Infocad Limited	information technology and services	0	—	1998
Aliceblueol.com	financial services	0	—	2006
Amlaan RiverCorp	environmental services	0	—	2022
Anacon Laboratories	environmental services	2	2009-11	1993
Ankur Seeds	farming	1	2008-09	1976
Anoma Greens	transportation & storage	0	—	2018
Artefact Projects	civil engineering	0	—	1987
Artisaga	textiles	0	2024-09	2020
Automark Industries	machinery	3	2010-10	2002
aXYKno	management consulting	0	2018-03	2006
Badjate Group	capital markets	0	2008-03	2008
Berar Finance	regional banks	1	2025-10	1990
BigBull Capital Services	financial services	0	—	2012
BioSpectronics	medical devices	0	—	2022
CC Precast Solutions	building materials	0	—	2021
CloudNBFC	financial services	0	—	2013
Cmll	mining & metals	0	—	2024

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

Company	Industry	Founded	Employees
Avantage Ai	computer software	2026	—
ClarityX	information technology and services	2026	—
EmpTrack AI	computer software	2026	—
Kaam	human resources	2026	—
AdvocateGPT	legal services	2025	—
ApnaKabadiWala	environmental services (b2b)	2025	—
Beram	internet	2025	—
Digidrive	internet	2025	—
Gannon Medex		2025	—
GIGZs	internet	2025	—
Bunholic Burger Bar	restaurants	2025	—
Healthfirst Med Exim	pharmaceuticals	2025	—
Naplotsintalegaon	real estate	2025	—
Pharma Flex	pharmaceuticals	2025	—
Revlu	internet	2025	—
Sambhav AI & Tech	information technology and services	2025	—
Scalex Finance	financial services	2025	—
SKYAZAI Technologies	information technology and services	2025	—
Starmed Overseas	pharmaceuticals	2025	—
Sterling Meds	pharmaceuticals	2025	—

The startup picture in Nagpur

Berar Finance

Solar Group

Solar Industries

Ankur Seeds

ADCC Infocad Limited

Confidence Group

Kingsway Hospitals

Zim Labs

Haldiram Foods International

Loksuvidha

SPACEWOOD Furnishers

Swarna Pragati

Feepayr

Rite Water Solutions

Trust Systems & S/w

TrustBank CBS

Suryaamba

SBL Energy

Virtual Galaxy Infotech

Automark Industries

Figment Global Solutions

Rasoya Proteins

Touristlink

Cureveda

Business Services

Healthcare

Consumer

Enterprise Applications

Retail

Real Estate And Construction

Consumer Goods

Education

Food And Agriculture

Healthtech

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