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Mumbai slipped back to its familiar third place in 2025, raising over $2.1 Bn across 146 deals, nearly half of the $3.7 Bn raised in the preceding year across 175 deals in 2024
As usual, ecommerce remained the most funded sector in 2025 for Mumbai, while eight listed startups in the city closed the year with a total market capitalisation of $11 Bn
Since 2014, Mumbai’s startup ecosystem has bagged $24 Bn+ and fostered 18 unicorns, 34 soonicorns and 14 minicorns
When…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Mumbai slipped back to its familiar third place in 2025, raising over $2.1 Bn across 146 deals, nearly half of the $3.7 Bn raised in the preceding year across 175 deals in 2024
As usual, ecommerce remained the most funded sector in 2025 for Mumbai, while eight listed startups in the city closed the year with a total market capitalisation of $11 Bn
Since 2014, Mumbai’s startup ecosystem has bagged $24 Bn+ and fostered 18 unicorns, 34 soonicorns and 14 minicorns
When…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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