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Startups · Pune

The startup picture in Pune

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

Venture funding is present but selective. Among 17334 tracked companies, 1313 have ever raised outside money, while 9892 remain unfunded. Pune has real investable depth, but capital has reached only a minority of its company base.

WATCH Watch whether more young companies move from unfunded status into seed and later rounds.
Summary

Company creation is busy, but survival and financing are uneven. Pune has 5917 companies founded since 2018, while 15.1% of all tracked companies have shut down and 2617 are classified as no longer active. The harder question is how many young ventures become durable employers.

WATCH Watch whether new-company growth is matched by better survival and funding.
Who's building in Pune
Tech Mahindra logo
TM

Tech Mahindra

Tech Mahindra: Global IT Services with AI and Cloud Solutions

est. 1986 · 110,240 staff · raised outside money
Anand Mahindra — Founder · Master of Business Administration Harvard Business School
Mohit Joshi — CEO & Managing Director
BVG India logo
BI

BVG India

BVG India: A Responsible & Visionary Organization for Education, Employment, and Empowerment

est. 1993 · 97,411 staff · raised outside money
Kamal Saravta — Co-Founder
Hanmantrao Gaikwad — Co-Founder & Managing Director · B.E. Savitribai Phule Pune University
Bajaj Auto Finance logo
BA

Bajaj Auto Finance

Provider of auto finance services

est. 1987 · 56,968 staff · raised outside money
Rajeev Jain — CEO
Bajaj Finserv logo
BF

Bajaj Finserv

Digital Lending & Insurance Platform

est. 2007 · 53,782 staff · raised outside money
Rahul Bajaj — Co-Founder
Rajeev Jain — Managing Director
IndusInd Bank logo
IB

IndusInd Bank

Responsive Innovation Banking Platform

est. 1994 · 45,637 staff · raised outside money
Sumant Kathpalia — CEO & Managing Director
Gratifi logo
G

Gratifi

Gratifi - SaaS solution for employee, customer and partner engagement

est. 2017 · 16,040 staff · raised outside money
Tapas Lenka — CEO
Arun Vijay Nathani — founder
Bank of Maharashtra logo
BO

Bank of Maharashtra

Bank of Maharashtra: A Traditional Banking Institution with a Wide Range of Products and Services

est. 1935 · 12,977 staff · raised outside money
Ravindra Marathe — Co-CEO
D K Sathe — Co-Founder
Tata Technologies logo
TT

Tata Technologies

Turnkey product development and digital transformation solutions

est. 1989 · 10,188 staff · raised outside money
Prashant Kashyap — Owner
Warren Harris — CEO & Managing Director
KPIT logo
K

KPIT

KPIT: Driving Mobility Innovation with Embedded AI Solutions

est. 1990 · 9,287 staff · raised outside money
Ravi Pandit — Chairman & Co-Founder
Kishor Patil — Co-Founder & CEO
Zensar logo
Z

Zensar

Digital Transformation Consulting Services

est. 1991 · 7,493 staff · raised outside money
Ganesh Natarajan — Owner
Sandeep Kishore — MD · BTech IIT Bombay
Gennova logo
G

Gennova

Biotechnology company developing and commercializing biotherapeutics for life-threatening diseases.

est. 2006 · 7,308 staff · raised outside money
Sanjay Singh — Chief Executive Officer
Emcure logo
E

Emcure

Emcure Pharmaceuticals - Developing Manufacturing and Marketing Pharmaceutical Products Globally

est. 1983 · 6,811 staff · raised outside money
Satish Mehta — Founder & CEO · PGDM IIMA
Sunil Mehta — Founder
EatSure logo
E

EatSure

Online food delivery service platform

est. 2011 · 6,685 staff · raised outside money
Jaydeep Barman — Co-Founder & CEO · MBA INSEAD
Kallol Banerjee — Co-Founder · Bachelor of Engineering Jadavpur University
Serum Institute of India logo
SI

Serum Institute of India

World's largest vaccine manufacturer with advanced facilities and global reach.

est. 1966 · 6,537 staff · raised outside money
Adar Poonawalla — Co-Founder & CEO · University of Westminster
Cyrus Poonawalla — Founder & Chairman
Force Motors logo
FM

Force Motors

Force Motors: Affordable Transport Solutions

est. 1958 · 6,379 staff · raised outside money
Prasan Firodia — CEO
Bajaj Auto logo
BA

Bajaj Auto

Bajaj Auto: Traditional Automotive with Emerging Tech

est. 1945 · 6,192 staff · raised outside money
Aniket Ribelsasis — CEO
Eric Arvind Cyril Vas
FirstCry logo
F

FirstCry

FirstCry: One-stop solution for baby and kids products

est. 2010 · 5,700 staff · raised outside money
Prashant Jadhav — Co-Founder & CTO · Shivaji University
Supam Maheshwari — Co-Founder, CEO & MD · Bachelor of Engineering Delhi Technological University
MDIndia Healthcare Services logo
MH

MDIndia Healthcare Services

Provider of third-party administrator services to health insurers

est. 2000 · 4,495 staff · raised outside money
Brij Sharma — Co-Founder · BE CoEP
Tilak Sharma — Director
Bharat Forge logo
BF

Bharat Forge

Advanced Aerospace & Automotive Forging Solutions

est. 1961 · 4,132 staff · raised outside money
Rajinder Singh Bhatia — CEO
Babasaheb Neelkanth Kalyani — Founder & Managing Director
Venkys logo
V

Venkys

Venky's: A prominent poultry group in Asia

est. 1971 · 3,804 staff · raised outside money
B Balaji Rao — Managing Director
B Venkatesh Rao — Managing Director
Krsnaa Diagnostics logo
KD

Krsnaa Diagnostics

Affordable and Accessible Diagnostic Services for all

est. 2011 · 3,782 staff · raised outside money
Yogesh Arbat — Co-Founder & Managing Director · Bachelor of Science Symbiosis International University
Pallavi Bhatevara — Managing Director & Executive Director
Meraqui logo
M

Meraqui

Workforce management as a Service (WaaS) with hire to retire employee lifecycle management

est. 2019 · 3,157 staff · raised outside money
Lalit Singh — Co-Founder & CEO
Shalin Maheshwari — Co-Founder
Thermax logo
T

Thermax

Thermax - Leading Sustainable Energy and Environment Solutions Conglomerate

est. 1966 · 2,573 staff · raised outside money
Ashish Bhandari — CEO
Spear Logistics logo
SL

Spear Logistics

Contract Logistics

est. 2001 · 2,402 staff · raised outside money
Gautam Dembla — Owner
The startup landscape, clustered
cluster · 3214 companies

Business Services

779 founded since 2018 · 118 funded

Sub-themes
it services · 1237marketing services · 576hr services · 269management consulting services · 178iot services · 134digital transformation services · 132

e.g. Tech Mahindra, BVG India, I Gate Patni

cluster · 1799 companies

Enterprise Applications

710 founded since 2018 · 153 funded

Sub-themes
hrtech · 370marketingtech · 287enterprise resource planning · 184sales force automation · 170saas · 164enterprise software · 156

e.g. Gratifi, Meraqui, NICE

cluster · 1549 companies

Consumer

638 founded since 2018 · 119 funded

Sub-themes
local services · 200fashion tech · 174logistics tech · 173road transport tech · 144professional consumer services · 118online travel · 111

e.g. Google Developer Student Clubs, Moolchand Mill, ConstructionPlacements Official

cluster · 1042 companies

Real Estate And Construction

303 founded since 2018 · 40 funded

Sub-themes
real estate & infrastructure developers · 281architects · 111facility management services · 108interior designers · 100building materials · 94real estate brokers · 93

e.g. BVG India, Radiant Guard Services, Suroj Buildcon

cluster · 1042 companies

Retail

429 founded since 2018 · 101 funded

Sub-themes
fashion tech · 174b2b e-commerce · 109e-commerce enablers · 96horizontal e-commerce · 86beauty tech · 77home improvements · 64

e.g. FirstCry, WorldOfMoms, Moolchand Mill

cluster · 812 companies

Industrial Goods And Manufacturing

174 founded since 2018 · 49 funded

Sub-themes
manufacturing services · 413industrial automation equipment · 186manufacturing tech · 111industry 4.0 · 45packaging machinery · 36industrial air conditioning systems · 26

e.g. S S Engineers, Tata Technologies, Kirloskar Oil Engines

cluster · 744 companies

Healthcare

227 founded since 2018 · 51 funded

Sub-themes
clinics · 126biopharma outsourcing · 88hospitals · 84clinic chains · 53traditional pharmaceuticals · 41services for healthcare providers · 38

e.g. Gennova, Emcure, MDIndia Healthcare Services

cluster · 716 companies

Fintech

374 founded since 2018 · 122 funded

Sub-themes
investment tech · 272finance & accounting tech · 123alternative lending · 91payments · 88banking tech · 62cryptocurrencies · 36

e.g. Bajaj Financial Securities, Byndele, IBG FINCON

cluster · 657 companies

Food And Agriculture

267 founded since 2018 · 85 funded

Sub-themes
food & beverage products · 183food service chains · 80food processing · 69food distributors · 50food processing & packaging equipment · 42crop inputs · 39

e.g. Pitaara, Venkys, Kirloskar Brothers

cluster · 652 companies

High Tech

317 founded since 2018 · 123 funded

Sub-themes
security & surveillance technology · 105iot applications · 69chatbots · 67internet of things infrastructure · 60smart homes · 59artificial intelligence · 52

e.g. Garware Technical Fibres, M-Tech Innovations, AutomationEdge

Business models in play
diversified · 2696horizontal · 2425suite · 1081multi category · 645application development · 621full service marketing agency · 525internet first brand · 439marketplace · 380multi-category · 352retailer · 324ecommerce · 284technology enablers · 224
The people behind them
Founder & BackgroundRoleCompany
Anand Mahindra
Advisor - Theia Ventures
FounderTech Mahindra
Kamal Saravta
Founder-BVG
Co-Founder BVG India
Hanmantrao Gaikwad
Founder Satara Mega Food Park, BVG Life Sciences, ex-Tata Motors. Savitribai Phule Pune University BE 1994
Co-Founder & Managing DirectorBVG India
Rupal Sinha
CEO-BVG | Ex-Quess,DYNTE INTEGRATED SOLUTIONS
CEOBVG India
Rajeev Jain
Ex-AIG, American Express, ANZ, GE Capital. American College BCom 1991, T. A. Pai Management Institute MBA 1993
CEOBajaj Auto Finance
Ganesh Mohan
Ex-BCG. IIT Kharagpur 1996, IIM Calcutta MBA 1998
CEOBajaj Finserv
Warren Harris
Ex-INCAT INTERNATIONAL. AMITY University Gurgaon PhD 2016, University of Wales, Cardiff BEng 1986
CEO & Managing DirectorTata Technologies
Ravi Pandit
Esop Direct Kp Corporate Solutions, ex-Janwani, ex-Mahratta Chamber Of Commerce Industries And Agriculture Pune, MIT Sloan School
Chairman & Co-FounderKPIT
Kishor Patil
Director-KP Climate Consulting,Co-Founder-KPIT | Institute of Chartered Accountants of India BA
Co-Founder & CEOKPIT
Shirish Patwardhan
Ex-TCS. IIT Bombay BTech 1983, MTech 1985
Co-FounderKPIT
Sandeep Kishore
Co-Founder & CEO Har Asha Foundation, Bain & Company, TiE Silicon Valley, ex-CEO Zensar Technologies, HCLTech, HCL Infosystems. II
MDZensar
Ajay S Bhutoria
Zensar Technologies, ex-L And T Nxt, ex-Cognizant
MDZensar
Manish Tandon
Ex-Founder Triquetra Solutions, CSS, Infosys, MGPL. IIT Kanpur BTech 1989, IIM Bangalore 1993
CEO & MDZensar
Sanjay Singh
Gennova Biopharmaceuticals, ex-The National Institutes Of Health, ex-International Center For Genetic Engineering And Biotechnolog
Chief Executive OfficerGennova
Satish Mehta
Pune University, IIM Ahmedabad PGDM.
Founder & CEO Emcure
Jaydeep Barman
Co-Founder-Rebel Foods | Ex-McKinsey & Company | INSEAD MBA 2006
Co-Founder & CEOEatSure
Kallol Banerjee
Jadavpur University BE 1995
Co-FounderEatSure
Adar Poonawalla
CEO-Serum Institute of India
Co-Founder & CEOSerum Institute of India
Cyrus Poonawalla
Founder & Managing Director-Serum Institute of India
Founder & ChairmanSerum Institute of India
Prashant Jadhav
Co-Founder IrasLab Research and Development, ex-Brainvisa Technologies, Image Digital. Shivaji University 1998
Co-Founder & CTOFirstCry

backgrounds shown where available

Investors active in Pune

607 investors are on record backing Pune companies. The most committed:

Most active — backed 2+ companies
Institutional
Peak XV Partners · VC fundInnoeversity · accelerator / incubatorElevation Capital · VC fundElevar Equity · VC fundSixth Sense Ventures · VC fundSoftBank Vision Fund · VC fundChiratae Ventures · VC fundAavishkaar Capital · VC fundHummingbird Ventures · VC fundDMI Sparkle Fund · VC fundZ47 · VC fundAvid Ventures · VC fundKPitalism · VC fundRTP Global · VC fund+ 53 more
Private & corporate backers
Alteria CapitalChrysCapitalInnoven CapitalIndia Capital GrowthSchroders CapitalRajesh TreximNepean CapitalWestBridge CapitalLife Insurance Corporation of IndiaTPG+ 530 more

hover a name to see who they backed

Venture capital
Funded startups — peer cities
Companies that have raised
CompanyIndustryRoundsLatest RoundFounded
Altum Credobanking42024-042016
RSB Transmissionsautomotive22017-051989
STLtelecommunications12022-071988
Nilons Enterprisesfood & beverages42017-071962
Harmony Organicschemicals12023-082003
Ferns N Petalsretail12022-031994
ElectroMechmachinery12011-021979
Zensarinformation technology and services22015-101991
Lokmanya Hospitalshospital & health care42024-071974
Biorad Medisysmedical devices42024-052007
TastyKhanafood & beverages12013-062007
Datameticainformation technology and services12023-102013
Zvolvbusiness/productivity software42024-022016
inYantraelectrical/electronic manufacturing12022-032002
NLPBotai32019-082013
SPOLTOsports32024-092020
Coffee & Morebeverages12023-032022
Coffee & Morerestaurants12023-03
BiolMed Innovationsmedical devices22020-012015
InnoServmarketing and advertising42021-102013
Trueininformation technology and services22020-032015
Health Ledgerhealth, wellness and fitness22023-072020
EFCcommercial real estate12022-052017
Actoriusbiotechnology52019-062013
PingoLearne-learning12021-112021

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

Founded by year
2026: 192008202619
Stages
Recent founds (2018+)
CompanyIndustryFoundedEmployees
Consumex Industrialautomotive2026
Slaylyinternet2026
MatrixHubcomputer software2026
Cogniticomputer software2026
TradeMine AIfinancial services2026
Zyoucomputer software2026
Knowletiveeducation management2026
Fastlanexinternet2026
Ajnviralspublishing2026
DevOpsCubecomputer software2026
Fyntrixfinancial services2026
Goldflicksmusic2026
Hariyalluxury goods & jewelry2026
Iravati Wealthfinancial services2026
PolicyCentral.aicomputer software2026
Skillexainternet2026
Stay On Wellnesshealth, wellness and fitness2026
Tech Peponline media2026
Vistaarvaluation.comfinancial services2026
Yukta Venturesenvironmental services2025

gate: ≥150 companies & ≥20 recent founds — passed (17334/5917)

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