Top 10 Startups From Mumbai In 2024
Top 10 Startups From Mumbai In 2024
May 13, 2024, 10:19 IST
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Numerous startups are emerging in Mumbai every day, but many falter due to a lack of learning from successful companies that have managed to thrive. We've just compiled a list of 155 well-known and rapidly growing Mumbai-based companies that have impressed investors.
- Apna:
- Description: Apna is a professional networking and job-search platform that caters to blue- and gray-collar professionals, connecting them with relevant job opportunities and like-minded individuals.
- Founding Year: Established in 2019 by Nirmit Parikh.
- Industry: Specializes in Employment, Human Resources, Recruiting, and Staffing Agency services.
- Size: Currently employs 101-250 individuals.
- Funding: Has raised $93,450,000 across 4 funding rounds from notable investors like Sequoia Capital India, Greenoaks Capital, and Tiger Global Management.
- Website: Apna
2.UpGrad:
- Description: UpGrad is an online platform offering courses in various fields such as Data Science, Technology, Management, and Law, providing accessible higher education opportunities.
- Founding Year: Established in 2015 by Mayank Kumar, Phalgun Kompalli, Ravijot Chugh, and Ronnie Screwvala.
- Industry: Focuses on E-Learning, EdTech, and Education.
- Size: Employs a significant workforce of 1001-5000 individuals.
- Funding: Has secured $176,283,446 in funding from investors including Temasek Holdings, International Finance Corporation, and Unilazer Ventures.
- Website: UpGrad
3.Skillmatics:
- Creates educational games for children in preschool and primary school.
4.Reliance Jio:
- Description: Reliance Jio is a telecommunications company known for providing high-speed mobile internet connections across India, revolutionizing the digital landscape.
- Founding Year: Established in 2010 by Mukesh Ambani.
- Industry: Operates in Apps, Information Services, Internet, and Telecommunications sectors.
- Size: Employs a large workforce of over 10,000 individuals.
- Funding: Remarkably, it has raised a staggering $24,767,620,475 from 35 investors, including Citi, Facebook, and Google.
- Website: Reliance Jio
5.Kodo:
- Description: Kodo is a fintech startup that focuses on small businesses' corporate card and B2B payments needs.
- Founding Year: 2019
- Founders: Deepti Sanghi, Gaurav Thapa
- Industry: B2B, Financial Services, FinTech, Small and Medium Businesses
- Number of Employees: 11-50
- Funding: $8,736,466
- Funding Rounds: 2
- Number of Investors: 5
- Key Investors: Brex, Y Combinator, Pioneer Fund, Goat Capital, Blaine Vess
- Website: Kodo
6.Reliance Retail:
- Description: Reliance Retail operates a chain of local stores, supermarkets, and wholesale/specialty stores, as well as an online store.
- Founding Year: 2006
- Founders: Mukesh Ambani
- Industry: Consumer Goods, Grocery, Retail
- Number of Employees: 10001+
- Funding: $6,419,310,306
- Funding Rounds: 6
- Number of Investors: 8
- Key Investors: Silver Lake, General Atlantic, GIC, Saudi Arabia's Public Investment Fund, TPG
- Website: Reliance Retail
7.Jai Kisan:
- Description: Jai Kisan is a finance platform that serves rural emerging markets with long-term funding.
- Founding Year: 2017
- Founders: Adriel Maniego, Arjun Ahluwalia
- Industry: Agriculture, AgTech, Financial Services, FinTech
- Number of Employees: 11-50
- Funding: $35,400,000
- Funding Rounds: 5
- Number of Investors: 18
- Key Investors: BlackSoil, Blume Ventures, Stride Ventures, Better Capital, Mirae Asset Venture Investment
- Website: Jai Kisan
8.Toppr:
- Description: Toppr is an after-school learning software that offers assistance for admission exams and learning courses.
- Founding Year: 2013
- Founders: Hemanth Goteti, Zishaan Hayath
- Industry: E-Learning, EdTech, Education
- Number of Employees: 1001-5000
- Funding: $112,087,670
- Funding Rounds: 11
- Number of Investors: 14
- Key Investors: InnoVen Capital, SAIF Partners, Eight Roads Ventures, Alteria Capital, Helion Venture Partners
- Website: Toppr
9.MyGlamm:
- Description: MyGlamm is a direct-to-consumer beauty firm that connects stylists, beauticians, nail technicians, and spa aestheticians with customers.
- Founding Year: 2015
- Founders: Darpan Sanghvi, Priyanka Gill
- Industry: Beauty, Marketplace, Mobile Apps
- Number of Employees: 101-250
- Funding: $56,035,717
- Funding Rounds: 8
- Number of Investors: 14
- Key Investors: Bessemer Venture Partners, Amazon, Kalaari Capital, Trifecta Capital Advisors, Brand Capital
- Website: MyGlamm
10.CarTrade:
- Description: CarTrade.com is India's premier online automotive marketplace for new and used vehicle buyers and sellers.
- Founding Year: 2009
- Founders: Vinay Sanghi
- Industry: Auctions, Automotive, E-Commerce, Marketplace
- Number of Employees: 1001-5000
- Funding: $307,351,129
- Funding Rounds: 8
- Number of Investors: 9
- Key Investors: Canaan Partners, Temasek Holdings, Tiger Global Management, March Capital, Warburg Pincus
- Website: CarTrade
These startups span various industries, from education and finance to telecommunications and e-commerce, contributing to Mumbai's vibrant entrepreneurial ecosystem.