Mumbai, known as the financial capital of India, has emerged as a dynamic hub for startups. The city’s startup ecosystem is vibrant and varied, with ventures emerging across fintech, healthtech, ecommerce, and edtech sectors.
Notably, Mumbai-based <a href="https://inc42.com/features/mumbai-surpassed-bengaluru-as-indias-most-funded-startup-hub-in-2024/">startups raised $3.7 Bn in 175 deals in 2024</a>, marking a significant increase from $1.5 Bn in 2023. In the first quarter of 2025, <a href="https://inc42.com/reports/indian-tech-startup-funding-report-q1-2025/">Mumbai raised $453 Mn in 42 deals</a>.
The city is also <a href="https://www.startupindia.gov.in/content/sih/en/search.html/Mumbai?query=A&amp;cities=5f48ce5a2a9bb065cdf9fd24&amp;roles=Startup&amp;page=0">home to 587 DPIIT-recognised startups</a> and hosts nearly <a href="https://inc42.com/features/indias-unicorn-club-the-comprehensive-list-of-unicorns-in-india/">20 unicorns</a>.  
Established in 2018, the <a href="https://fintech.maharashtra.gov.in/">Mumbai Fintech Hub supports fintech startups</a> by offering investment opportunities. The Maharashtra government has also supported the growth of startups through initiatives like the <a href="https://msins.in/">Maharashtra State Innovation Society (MSInS)</a>, which focusses on creating a favourable environment for innovation. 
Initiatives like “Mumbai Tech Week” by <a href="https://inc42.com/features/team-mumbai-tech-week-startups-showcase/">TEAM (Tech Entrepreneurs Association of Mumbai)</a> also bring together entrepreneurs, investors and industry experts, providing networking and collaboration opportunities. 
With that, here is the list of startups based in Mumbai:

Mumbai-based startups raised $3.7 Bn in 175 deals in 2024, marking a significant increase from $1.5 Bn in 2023. In the first quarter of 2025, Mumbai raised $453 Mn in 42 deals.

List Of Startups In Mumbai

List Of Startups In Mumbai