Tech Startups in Mumbai

Mumbai Tech Startups

Bengaluru might be the silicon valley of India but there are many tech startups in Mumbai as well.

In fact, I am surprised that Mumbai is performing better than Pune in the number of startups. I was expecting Pune to be the leader in the tech startups of Maharashtra.

My reasoning was based on the number of high-quality colleges and IT hubs present in Pune. But I was wrong.

However, it seems that most of the students and tech enthusiasts settle for IT giants in Pune instead of showing interest in working for a startup.

Forbes created a list of cities for starting up in India and Mumbai stood at the third position after Bengaluru and Delhi NCR.

The highest number of flourishing startups makes Mumbai the startup hub of Maharashtra. If you are someone who is looking to work for a startup based in Maharashtra, come to Mumbai.

List of Tech Startups Based in Mumbai


Founder: Ravi Kumar

Year of Establishment: 2009

Total Funding: $29 Million

Upstox is an online trading platform that allows you to buy stocks. It even allows its users to invest in mutual funds. It has several products like calculators, tools, and even resources.

Even I am using Upstox as one of my investment platforms and the process to register was smooth and paperless.

Ratan Tata\’s Tiger Global has invested in this FinTech startup.

Upstox uses the following technology to operate its business:

DeveloperHTML5, ASP.NET, jQuery, AngularJS, Firebase
OperationsCalendly, Criteo
Analytics & DataGoogle Analytics, CleverTap, Hotjar, VWO, Mixpanel
MarketingGoogle Tag Manager, MGID
DevOps & ITAmazon AWS, WordPress, Cloudflare, Errorception, Nginx, Disqus
Customer SupportFreshDesk, NodeBB


Founders: Zishaan Hayath & Hemanth Goteti

Year of Establishment: 2013

Total Funding: $112.1

Toppr is one of the leading EdTech startups in India that has a collection of every course and training possible. It is specially focused on kids and students.

Primary courses include topics like coding, competitive exam, and academic subjects.

Toppr uses artificial intelligence-based machine learning algorithms on top of its strong infrastructure to create personalized learning paths for millions of students.

Here are the technologies used by Toppr to operate its company and platform.

DeveloperHTML5, Cloudinary, Django, ReadSpeaker
OperationsG Suite
Analytics & DataGoogle Analytics, Optimizely, Branch Metrics, Matomo
MarketingGoogle Tag Manager, Mandrill, Zemanta,, Facebook
DevOps & ITAmazon AWS, WordPress, Cloudflare, Globalsign
Customer SupportFreshDesk, Intercom


Founders: Rishi Malhotra, Vinodh Bhat, and Paramdeep Singh

Year of Establishment: 2006

Total Funding: $131.6 Million

Does Saavn Music need any introduction? It\’s a famous music streaming platform that supports English, Hindi, and Indian regional music.

JioSaavn works on the freemium business model. The free version of JioSaavn has ads.

The paid version of JioSaavn has several benefits like adless music streaming, unlimited downloads, the highest audio quality, exclusive content, and other offers.

Reliance Jio acquired Saavn for $1 billion and rebranded the app as JioSaavn.

Currently, JioSaavn is using these tools to run its platform.

DeveloperHTML5, Google Maps, PHP, OpenSearch, jQuery
OperationsG Suite, Slack, GoDaddy Professional Email
Analytics & DataGoogle Analytics
MarketingGoogle Tag Manager, GumGum, Google Doubleclick, Twilio Sendgrid, Sharethrough, Yeildbot
DevOps & ITAmazon AWS, Apache Web Server, GoDaddy DNS, JW Player, Pixalate


Founders: Falguni Nayar

Year of Establishment: 2012

Total Funding: $145.9 Million

I am sure most of the ladies know about Nykaa. It is a famous beauty and fashion eCommerce store.

Nykaa is another unicorn startup in India that has crossed $1 billion in terms of valuation. Popular actresses like Katrina Kaif and Alia Bhatt have invested in this startup.

Nykaa uses the following technologies –

DeveloperHTML5, Github, Laravel, Lightbox, jQuery, Prototype, Modernizr
OperationsG Suite, Criteo, Barilliance, Unbxd, Magento
Analytics & DataAdobe Analytics, Google Analytics, Branch Metrics
MarketingGoogle Adwords, Facebook, Bing, Taboola, WebEngage, Hupso, Sociomantic, Buffer, Boomtrain, AppsFlyer
DevOps & ITAmazon AWS, WordPress, Cloudflare, JIRA
Customer SupportZendesk, Nudgespot

Nazara Technologies

Founder: Nitish Mittersain

Year of Establishment: 2000

Total Funding: $146.4 Million

Nazara Technologies is completely focused on gaming. It\’s a group of multiple gaming companies that own popular games.

Not just gaming but Nazara Technologies is also involved in wallpapers, themes, games, and multimedia for mobile devices.

The most important point about this startup is that India\’s big bull of the stock market, Rakesh Jhunjhunwala, has invested in this company.

Nazara Technologies is one of the most valuable tech startups in Mumbai with some notable products like World Cricket Championship 3, Sportskeeda, Kiddopia, Carrom Clash, etc.

This gaming-oriented company uses the following tools and technologies to run its platform and business.

DeveloperAmazon Gamecircle SDK, HTML5, Firebase, PHP, Modernizr
OperationsMicrosoft Office 365, Microsoft Outlook, Google Drive
Analytics & DataGoogle Analytics, Amplitude
MarketingGoogle Tag Manager, InMobi, OneSignal
DevOps & ITAmazon AWS, WordPress, GoDaddy SSL
FinancePayPal, Google Wallet, Amazon Payments, Square

Acko General Insurance

Founder: Varun Dua

Year of Establishment: 2016

Total Funding: $215 Million

Acko General Insurance is an InsurTech startup that provides all kinds of insurance services.

The tools used by Acko General Insurance are as follows:

DeveloperHTML5, Bootstrap, AngularJS, Modernizr
OperationsAsana, Trello, Microsoft Office 365, DropBox, Slack
Analytics & DataGoogle Analytics, Fullstory, Amplitude, VWO
MarketingGoogle Tag Manager, Taboola, WebEngage, Unbounce, AddThis, ShareThis
DevOps & ITAmazon AWS, Gravatar, WordPress, Cloudflare
Customer ServiceFreshDesk, TypeForm, FreshSales


Founders: Ashish Hemrajani, Parikshit Dar, Rajesh Balpande

Year of Establishment: 1999

Total Funding: $224.5 Million

BookMyShow is the largest online ticketing platform that offers showtimes, movie tickets, reviews, trailers, concert tickets, and events near Mumbai.

Technically, BBM is one of the oldest tech startups in Mumbai but it was not using technology heavily as it does now.

The major purpose of this start-up was to bring the concept of online movie ticketing to India. It has partnerships with all major Indian production houses and studios with real-time ticketing for major cinema chains like Inox, Big Cinemas, Cinemax, Fun Cinemas, etc.

India is a country where entertainment is given utmost value. To cater to the demand of more than 25 million active monthly users, BookMyShow uses the following technologies:

DeveloperHTML5, Google Maps, Cloudinary, FlexSlider, Firebase, jQuery, ReadSpeaker
OperationsAsana, G Suite, Criteo, Slack, Microsoft Office 365
Analytics & DataGoogle Analytics, CleverTap, VWO, PubNub, Pusher
MarketingGoogle Tag Manager, 360 Polaris, Revcontent, Mandrill, GumGum, Quantcast
DevOps & ITCloudflare, Errorception, Entrust, Pixalate, New Relic, Nginx, Wistia
Customer ServiceFreshDesk, UserVoice, Hotline


Founder: Ajit Mohan

Year of Establishment: 2015

Total Funding: $226.8 Million

Hotstar is the leading OTT video streaming platform. It is one of the tech startups in Mumbai with high global exposure.

It works on a freemium model where free content comes with ads. On the other hand, premium plans come with an adless experience and exclusive content.

Although, Hotstar was a part of the Star network from 2000 it started operating as a separate entity in 2015. That was when OTT platforms started booming in India.

In 2019, Disney acquired Hotstar and it became Disney+ Hotstar.

DeveloperAdobe Flash, Bootstrap, AngularJS
OperationsMicrosoft Office 365, Microsoft Outlook, Proofpoint
Analytics & DataAdobe Analytics, Mixpanel, Clevertap
MarketingGoogle Tag Manager, Segment, Paytunes
DevOps & ITAmazon AWS, Akamai, New Relic


Founders: Karthik Ganapathy, M.N. Srinivasu, Ajay Kaushal

Year of Establishment: 2000

Total Funding: $241.4 Million

BillDesk is one of the oldest tech startups in Mumbai with a finance background. It offers a comprehensive bill presentation, payment & management solution to its customers.

Their primary customers not only include merchants and business owners but there are large billers like electricity, water, insurance, and other service providers.

BillDesk uses the following technologies –

DevOps & ITEntrust
OperationsMicrosoft Office 365
Analytics & DataNETcore

This is not a complete list because of obvious reasons. No company publicly discloses all the technology services they use.


Founder: Ambareesh Murty

Year of Establishment: 2011

Total Funding: $245.3 Million

PepperFry is an online marketplace with a dedicated niche of furniture and home decor. It has a wide range of collections that consists of lamps, mattresses, furnishing, etc.

Everything started with a website and a strong delivery chain. However, Pepperfry has recently started establishing itself in the offline market as well.

But to operate its online business, Pepperfry uses the following technologies:

DeveloperHTML5, PHP, Adobe Flash, Bold Commerce, Modernizr
OperationsG Suite, Microsoft Office 365, Magento, Unbxd
Analytics & DataGoogle Analytics, CleverTap
MarketingAmazon SES, Blueshift, Facebook, Google AdMob, Sociomantic, WebEngage, Google Tag Manager
DevOps & ITAmazon AWS, Akamai, Soasta mPulse
Customer ServiceLivePerson


Founder: Bhupinder Singh

Year of Establishment: 2016

Total Funding: $254.4 Million

Location: BKC, Mumbai

InCred is a FinTech startup that is focusing on providing consumer loans, home loans, education loans, and SME lending.

It uses powerful technology to ensure quick loans without any hassle.

InCred uses the following technologies to run its operations and platform.

DeveloperBootstrap, jQuery, Modernizr
OperationsG Suite
Analytics & DataGoogle Analytics, Fullstory
MarketingMandrill, Google Tag Manager, Segment
DevOps & ITAmazon AWS, Gravatar, WordPress


Founders: Dharmil Sheth & Dhaval Shah

Year of Establishment: 2015

Total Funding: $328.5 Million

PharmEasy… PharmEasy… Take it easy PharmEasy…

I bet you read that in the same chorus. That\’s how catchy it is!

It is an online healthcare aggregator that lists several products related to healthcare. From delivering medicines to healthcare products, it has everything.

Not only medicines but PharmEasy helps you to book appointments for lab tests and health checkups. It provides heavy discounts on all pharma products.

This HealthTech startup uses the following technologies –

DeveloperHTML5, Github, MySQL, PHP, jQuery, Django, Sublime, Redis
OperationsG Suite, Criteo, Slack, Squadcast
Analytics & DataCleverTap, Hevo
MarketingAppsFlyer, Taboola, Mandrill, Google Tag Manager
DevOps & ITAmazon AWS, Gravatar, MediaElement.js
Customer SupportZendesk, FreshDesk

This is not a complete list because of obvious reasons. No company publicly discloses all the technology services they use.


Founders: Bhavit Sheth & Harsh Jain

Year of Establishment: 2008

Total Funding: $385 Million

Dream11 is an Indian fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, basketball, and many other games.

Users need to spend some money to participate in the games and winners get some rewards. This led to several controversies that come under gambling.

It is the first gaming company in India to land into a unicorn club, which means that it has crossed a valuation of $1 billion.

Dream11 uses the following technologies –

DeveloperRuby, Express, PHP
Analytics & DataSegment, Google Analytics, New Relic, Google Amp Client ID
MarketingDoubleClick.Net, Sendgrid, Zendesk
DevOps & ITAmazon AWS
Customer SupportIntercom


Founder: Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli, Ravijot Chugh

Year of Establishment: 2015

Total Funding: $500 Million

UpGrad is a popular EdTech startup that covers a wide range of online courses. Its courses are specialized in digital marketing, product management, entrepreneurship, data analytics, data-driven management, and digital technology management.

The company has partnered with several renowned Universities like IIT Madras, Duke Corporate Education, NMIMS, Deakin University, and many more.

It is the most funded tech startup in Mumbai been backed by IIFL Asset Management.

UpGrad uses the following tools and technologies to run its platform and business.

DeveloperAdobe Flash, Bootstrap, Django, Adobe Flash, HTML5, ExpressJS, MySQL, PHP, jQuery
OperationsGoogle Drive. Slideshare, Slack, Sokrati
Analytics & DataGoogle Analytics, Clevertap, Hotjar, Optimizely, Pusher, Branch Metrics, Lucky Orange, Mixpanel
MarketingGoogle Tag Manager, Hellobar, Autopilot, Instapage, Segment
DevOps & ITAmazon AWS, Gravatar, WordPress, GoDaddy DNS, Rollbar
Customer ServiceDrift, Intercom, SurveyMonkey

Tech startups in Mumbai are booming with time due to the friendly atmosphere and better nurturing. Some of them really made it big!

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