The Startup Ecosystem of Mumbai
Mumbai has 636 startups in our sample database. This represents about 15% of India’s startups. Mumbai is the 3rd best startup ecosystem in India.
CITY RANKING
While Mumbai decreased by 8 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in India remained stable at 3 nationally since 2022.
National Ranking
In India
Regional Ranking
In South Asia
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
With a growing number of startups being created in India each year, the country is bustling with more startup energy than ever. The Mumbai startup ecosystem is playing a very important role in India’s burgeoning startup scene and is its financial capital.
The startups in the Mumbai Startup Ecosystem mostly revolve around the financial, consumer services, media and retail sector. The abundance of venture capitalists, growth funds, educational institutions and incubators has propelled Mumbai’s growth in the startup scene.
One of the success stories in Mumbai’s startup ecosystem is one Acko General Insurance, a digital insurance company with a license to underwrite and distribute bite-sized insurance products which succeeded to exceed US $1 billion in valuation. Another example is Upstox, a fintech company that allows innovative investment options for its users. These success stories are proof showcasing Mumbai`s specialization in the fintech industry.
Mumbai also houses the head offices of a number of giant corporations, which means easy access to capital and experienced professionals. The city also offers startups an interesting mix of management and engineering talent, new as well as old. Every year, the city attracts students from all over India, who choose to study in the city owing to its many cosmopolitan attractions and opportunities. The city is home to premier institutes for engineering as well as management.
Startups
Mumbai Top Startup Industries
32 startups
107 startups
30 startups
Unlock with pro
Ecosystem HealthCheck
Mumbai Ecosystem Health Check
The health check tables allow you to look at the performance Mumbai has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Mumbai
Become our Mumbai Ecosystem Partner
Ecosystem
The Startup Ecosystem in Mumbai
Global Rank
Mumbai is ranked within the top 30 startup ecosystems globally.
Top Industries
Mumbai’s startups excel particularly in Edtech where it ranks 9 and in Fintech, and Foodtech. Find out more
Top Cities for Startups in India - Ranked by StartupBlink
| 2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 8th 0 | 64.232 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 13th 0 | 44.560 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 25th - 8 | 30.154 | 00.00 | 00.00 | 00.00 | |
4th 0 | 78th + 12 | 8.482 | 00.00 | 00.00 | 00.00 | |
5th 0 | 89th + 8 | 7.946 | 00.00 | 00.00 | 00.00 | |
6th 0 | 102nd 0 | 7.118 | 00.00 | 00.00 | 00.00 | |
7th 0 | 181st + 31 | 3.449 | 00.00 | 00.00 | 00.00 | |
8th 0 | 195th + 28 | 3.020 | 00.00 | 00.00 | 00.00 | |
9th 0 | 239th + 28 | 2.049 | 00.00 | 00.00 | 00.00 | |
10th + 2 | 371st - 7 | 0.930 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Mumbai
Startups
Successful Edtech startups in Mumbai
ECOSYSTEM
Why should you join Mumbai's Startup Ecosystem?
Overview
Within Mumbai there is an increased attraction for entrepreneurs to set up their startups in industries such as Edtech, Fintech, Foodtech. These three industries represent about 27% of the startups represented on the Startup Ecosystem Map of Mumbai.
3rd
National Rank
3rd
Regional Rank
Overview
Mumbai is India's 3rd best startup ecosystem and is ranked 3rd in South Asia. With a population of undefined, Mumbai is ranked 25th in the world. The city has some notable startup success stories including PharmEasy.
ECOSYSTEMSFeatured Startup Ecosystems
BLOG
Recent Posts
Mon Sep 25 2023
Role of Universities in Startup Ecosystems
In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]
Tue Sep 19 2023
The Global Startup Ecosystem Rankings by StartupBlink
The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
Fri Sep 08 2023
Where are the Cities of the Future for Startups?
At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]