The startup picture in Thane

Thane has venture activity, but not venture-city depth: only 161 of 2864 tracked companies ever raised outside money, while Pune has 1313 funded startups. The city looks more bootstrapped and operating-company-heavy than capital-led.

Startups in Thane - 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.

Infra.Market

Online one-stop-shop for construction materials with BNPL payment options

est. 2016 · 2,803 staff · raised outside money

Souvik Sengupta — Co-Founder · The Institute of Chartered Accountants of India

Aaditya Sharda — Co-Founder · IIMA

Mukand

A traditional steel manufacturing company with a long history.

est. 1937 · 2,397 staff · raised outside money

Rajesh Viren Shah — Co-Founder & Managing Director

Niraj Bajaj — Co-Founder & Managing Director

Akumentis Healthcare

Akumentis Healthcare: Fast Growing Pharma India

est. 2010 · 1,849 staff · raised outside money

Ajay Dhiman — CEO

IIFL Securities

App-based stock investment and research platform

est. 1995 · 1,172 staff · raised outside money

Prashasta Seth — CEO

Vikran Group

Integrated Power Transmission & Distribution Services

est. 2008 · 1,018 staff · raised outside money

Ashish Bahety — CFO · Bachelor of Commerce

Kale Logistics Solutions

Global SaaS Logistics Platform for Fortune 500

est. 2010 · 806 staff · raised outside money

Vineet Malhotra — Co-Founder & Director

Amar More — Co-Founder & CEO · Master of Business Administration Indian Institute of Management Mumbai

Imperative Business Ventures

Tech-enabled business transformation and automation solutions provider

est. 2011 · 750 staff · raised outside money

Manjusha Paithankar — Founder & Chairperson · University of Mumbai

Sachin Paithankar — Managing Director & Director- Strategy and Global Business

Jupiter Hospital

Leading hospital providing specialized weight-loss surguries with advanced facilities

est. 2007 · 715 staff · raised outside money

Ajay A Thakker — Founder & Managing Director

Rajendra P Patankar — CEO

Radhakrishna Foodland

Supply Chain Optimization for Agriculture and Food Services

est. 1987 · 664 staff · raised outside money

Raju Shete — Founder

Krishna Shete — CEO · NYU Stern School of Business

Neogen Chemicals

Manufacturer of specialty chemicals for various applications

est. 1991 · 602 staff · raised outside money

Haridas Kanan — Founder & Managing Director

5paisa

Online financial products & stock trading platform for DIY investors.

est. 2016 · 548 staff · raised outside money

Gaurav Seth — CEO & Managing Director · MBA The Indian School of Business

COMACOE

Provider of oil & gas exploration and refining services

est. 1995 · 536 staff · raised outside money

Vivek Bansal — Co-Founder & CEO

Tushar Arupkumar Gangoly — Executive Director

Advanced Enzymes

Advanced Enzymes: Eco-safe Solutions for Diverse Industries

est. 1989 · 476 staff · raised outside money

C Rathi — Co-Founder

Mukund Kabra — Director · BE, Chemical NIT Rourkela

Fermenta Biotech

Manufacturer of Vitamin D3, enzymes, and environmental solutions

est. 1986 · 456 staff · raised outside money

Prashant Nagre — Chief Executive Officer (CEO)

Ring Plus Aqua

RPAL: 35+ yrs auto-component MFG with tech-enabled high-quality precision components

est. 1984 · 430 staff · raised outside money

Sanjay Behl — CEO · MMS University of Mumbai

Mosaic Wellness

Provider of digital health coaching platforms for men, women, and parents

est. 2019 · 362 staff · raised outside money

Revant Bhate — Co-Founder & CEO · Bachelor of Business Administration University of Toronto

Revant Bhate — Co-Founder & CEO · Bachelor of Engineering University of Mumbai

Kilburn Engineering

KILBURN - Traditional Manufacturer of Dryers, Coolers, Kilns & Calciners

est. 1987 · 304 staff · raised outside money

Ranjit Lala — Managing Director

Plum

Pureplay Skin Sciences - Science-Driven Clean Beauty & Grooming Company

est. 2013 · 303 staff · raised outside money

Shankar prasad Sethuram — Co-Founder & CEO · Master of Technology IIT Bombay

Prasanya Chennapatnam — Co-Founder

Pureplay Skin Sciences

Innovative values-driven beauty & grooming company

est. 2013 · 303 staff · raised outside money

Shankar Prasad — Co-Founder · Master of Technology IIT Bombay

Prasanya Chennapatnam — Co-Founder

NPST

Software and Mobility for Cashless Economy & Citizen Service Delivery

est. 2013 · 293 staff · raised outside money

Savita Vashist — Co-Founder · Bachelor of Engineering University of Mumbai

Ashish Aggarwal — Co-Founder

Vector Consulting Group

Vector: Helping companies improve business parameters through TOC solutions and consulting.

est. 2006 · 292 staff · raised outside money

Kiran Kothekar — Co-Founder, Director

Shailesh Ranjan — Co-Founder · BTech Indian Institute Of Technology Kharagpur

SafexPay

White-label payment gateway solutions

est. 2017 · 253 staff · raised outside money

Ravi Gupta — Co-Founder & CEO · Bachelor of Technology Dr. K. N. Modi Foundation

Aradhana Gupta — Co-Founder & CPO

Paperboat Design Studios

Empathetic Kabuliwala series for kids with a unique monster

est. 2014 · 250 staff · raised outside money

Mayank Patel — Co-Founder/ Director

UNFYD

Customer relationship management software and experince management solutions

est. 2013 · 244 staff · raised outside money

Srikanth Seshadri — Chief Executive Officer

cluster · 421 companies

Business Services

131 founded since 2018 · 10 funded

Sub-themes

it services · 112marketing services · 68hr services · 55management consulting services · 32facility management services · 30bpo services · 22

e.g. Syncllusion Technologies, Qwik Supply Chain, Eureka Outsourcing Solutions

cluster · 256 companies

Healthcare

77 founded since 2018 · 14 funded

Sub-themes

biopharma outsourcing · 44traditional pharmaceuticals · 25clinics · 25hospitals · 21clinic chains · 16pharmaceutical distributors · 14

e.g. Akumentis Healthcare, Bayer Zydus Pharma, Jupiter Hospital

cluster · 244 companies

Consumer

125 founded since 2018 · 11 funded

Sub-themes

fashion tech · 32professional consumer services · 32matchmaking · 27wedding tech · 26local services · 23b2c e-commerce · 21

e.g. Kale Logistics Solutions, Propmart Advisory, Hopscotch

cluster · 205 companies

Enterprise Applications

99 founded since 2018 · 18 funded

Sub-themes

hrtech · 39marketingtech · 39enterprise resource planning · 21sales force automation · 17saas · 14enterprise software · 13

e.g. NPST, UNFYD, HRMS

cluster · 203 companies

Retail

112 founded since 2018 · 21 funded

Sub-themes

fashion tech · 32beauty tech · 30b2b e-commerce · 19e-commerce enablers · 15beauty & personal care products · 13apparel brands · 12

e.g. Infra.Market, Plum, Pureplay Skin Sciences

cluster · 191 companies

Real Estate And Construction

56 founded since 2018 · 10 funded

Sub-themes

real estate & infrastructure developers · 49facility management services · 26building materials · 24construction management services · 22real estate brokers · 18architects · 14

e.g. Vijay Group, Indo Amines, Aakar Abhinav

cluster · 173 companies

Industrial Goods And Manufacturing

29 founded since 2018 · 7 funded

Sub-themes

manufacturing services · 75industrial automation equipment · 41packaging machinery · 27contract manufacturers · 10industry 4.0 · 9industrial safety · 8

e.g. Asb International, Dembla Valves, Hy-Tech Engineers Pvt. Ltd.

cluster · 165 companies

Consumer Goods

75 founded since 2018 · 19 funded

Sub-themes

food & beverage products · 44beauty & personal care products · 25fashion accessories · 20apparel brands · 17home furnishing products · 17beauty tech · 12

e.g. Indaco Jeans, aak, Plum

cluster · 128 companies

Food And Agriculture

49 founded since 2018 · 14 funded

Sub-themes

food & beverage products · 41food processing · 18food distributors · 10food packaging · 8food service chains · 8food processing & packaging equipment · 6

e.g. Radhakrishna Foodland, Indo Amines, Advanced Enzymes

cluster · 120 companies

Fintech

66 founded since 2018 · 20 funded

Sub-themes

investment tech · 43payments · 23alternative lending · 16finance & accounting tech · 12banking tech · 11insurance it · 8

e.g. Ventura Securities, IIFL Securities, dealmoney

Founder & Background	Role	Company
Souvik Sengupta Founder-Infra.Market \| Sydenham College of Commerce and Economics,IIM Bangalore	Co-Founder	Infra.Market
Aaditya Sharda Co-Founder-Infra.Market	Co-Founder	Infra.Market
Rajesh Viren Shah Mukand Industries	Co-Founder & Managing Director	Mukand
Ajay Dhiman CEO-Akumentis Healthcare \| Ex-Medley Pharmaceuticals,Torrent Pharma,USV	CEO	Akumentis Healthcare
Ashish Bahety Chief Financial Officer - VIKRAN Engineering Ltd.	CFO	Vikran Group
Vineet Malhotra Co-Founder & Director-Kale Logistics Solutions \| Ex-Kale Consultants,Premier Evolvics,Amara Raja Batteries	Co-Founder & Director	Kale Logistics Solutions
Amar More Ex-Kale Consultants, Keane India, Tata Consulting Engineers. Walchand College of Engineering Sangli BE 1996, IIM Mumbai MBA 2001	Co-Founder & CEO	Kale Logistics Solutions
Rajesh Panicker Director, Network Management Customer & System Engineering - Nokia	Co-Founder & COO	Kale Logistics Solutions
Vipul Jain Co-Founder Hearth Ventures, Catalysts For Social Action, Baaya International, ex-Accelya Kale Solutions. IIT Kanpur BTech 1978, II	Co Founder & Chairman	Kale Logistics Solutions
Manjusha Paithankar Mumbai University Mumbai	Founder & Chairperson	Imperative Business Ventures
Sachin Paithankar Imperative Business Ventures, ex-Nirmal Ujjwal Credit Co Operative Society Ltd Multistate And Nirmal Urban Co Operative Bank, ex-H	Managing Director & Director- Strategy and Global Business	Imperative Business Ventures
Raju Shete Planet Group, ex-Founder Radhakrishna Hospitality Services, Accor Services India, Consolidated Services.	Founder	Radhakrishna Foodland
Krishna Shete NYU Stern School of Business	CEO	Radhakrishna Foodland
Haridas Kanan MIICHE. IIT Mumbai 1968.	Founder & Managing Director	Neogen Chemicals
Gaurav Seth Ex-Syfe, Morgan Stanley, Capgemini, Hewlett Packard Enterprise. Thapar Institute of Engineering & Technology BE 1998, Indian Schoo	CEO & Managing Director	5paisa
C Rathi National Institute of Technology Rourkela BE 1976	Co-Founder	Advanced Enzymes
Mukund Kabra National Institute of Technology Rourkela BE 1993	Director	Advanced Enzymes
Prashant Nagre Fermenta Biotech, ex-Sterling Biotech, ex-Elder Pharmaceuticals, Indian Institute of Foreign Trade, 1997	Chief Executive Officer (CEO)	Fermenta Biotech
Sanjay Behl Chief Operating Officer, Adani Cement - Adani Wind	CEO	Ring Plus Aqua
Revant Bhate Bachelor of Business Administration University of Toronto	Co-Founder & CEO	Mosaic Wellness

backgrounds shown where available

942 investors are on record backing Thane companies. The most committed:

Most active — backed 2+ companies

Alteria Capital

Ashish Kacholia

Kunal Bahl

Rohit Bansal

Titan Capital

Venture Catalysts

Trifecta Capital

Lucky Investment Managers

British International Investment

Z Nation Lab

Ashutosh Valani

Avendus

Institutional

Titan Capital · VC fundVenture Catalysts · VC fundLucky Investment Managers · VC fundZ Nation Lab · VC fundPeak XV Partners · VC fundZ47 · VC fundUnilever Ventures · VC fundRPG Ventures · VC fundChiratae Ventures · VC fundCapFort Ventures · VC fundNB Ventures · VC fundSINE · accelerator / incubatorYukti Securities · VC fundAccel · VC fund+ 87 more

Private & corporate backers

Alteria CapitalAshish KacholiaKunal BahlRohit BansalTrifecta CapitalBritish International InvestmentAshutosh ValaniAvendusEvolvence Equity PartnersEverest Finance and Investment+ 831 more

hover a name to see who they backed

Funded startups — peer cities

Pune

1,313

Noida

963

161Thane

108Nagpur

66Ghaziabad

Companies that have raised

Company	Industry	Rounds	Latest Round	Founded
Pureplay Skin Sciences	cosmetics	3	2022-04	2013
Puranik Builders	real estate	1	2016-05	1968
Fermenta Biotech	pharmaceuticals	2	2010-12	1986
Torus Innotech	farming	2	2024-01	2023
Treefe	internet	0	2026-04	2024
Trip Store Holidays	leisure, travel & tourism	0	—	2020
Dr Tvacha	health, wellness and fitness	0	—	2005
UNFYD	computer software	1	2015-10	2013
Utopian	beverages	1	2022-09	2021
Taaraka	internet	4	2021-10	2015
Target Peak	educational software	0	—	2020
TechMonk	enterprise software	0	2025-02	2021
Tendryl	social impact	0	—	2016
The Clownfish	apparel & fashion	1	2021-12	2015
Imperative Business Ventures	information technology and services	0	—	2011
Vizcom	marketing and advertising	0	—	2016
Vector Consulting Group	management consulting	1	2023-01	2006
Vikran Group	utilities	3	2024-07	2008
Vioma Lifesciences	hospital & health care	0	2021-02	2017
Visolent India	financial services	1	2022-11	2016
VizPay	financial services	1	2023-03	2013
Voxtur Bio	hospital & health care	3	2019-11	2013
Watch Your Health	health, wellness and fitness	3	2024-07	2015
Solar Chemferts	chemicals	0	—	1988
Sublimis	it services	0	—	2020

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

Company	Industry	Founded	Employees
Aakuraa	retail	2025	—
Adhar Beverages	food & beverages	2025	—
Averlon	information technology and services	2025	—
BasisPoint Insight	online media	2025	—
Chemtech AI Technologies	information technology and services	2025	—
Drill	computer software	2025	—
EHSSaral	environmental services	2025	—
Enerchi	food & beverages	2025	—
Eventira	events services	2025	—
FSN	food & beverages	2025	—
OnlyShy	cosmetics	2025	—
InnoDhruti	information technology and services	2025	—
Intellend Technologies Advisors	financial services	2025	—
iterForge	information technology and services	2025	—
Jain Sweets	retail	2025	—
JKbakers	food production	2025	—
Kadac	insurance	2025	—
KaziCo	human resources	2025	—
LessCare	cosmetics	2025	—
Mediosim	e-learning	2025	—

The startup picture in Thane

Infra.Market

Mukand

Akumentis Healthcare

IIFL Securities

Vikran Group

Kale Logistics Solutions

Imperative Business Ventures

Jupiter Hospital

Radhakrishna Foodland

Neogen Chemicals

5paisa

COMACOE

Advanced Enzymes

Fermenta Biotech

Ring Plus Aqua

Mosaic Wellness

Kilburn Engineering

Plum

Pureplay Skin Sciences

NPST

Vector Consulting Group

SafexPay

Paperboat Design Studios

UNFYD

Business Services

Healthcare

Consumer

Enterprise Applications

Retail

Real Estate And Construction

Industrial Goods And Manufacturing

Consumer Goods

Food And Agriculture

Fintech

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