Top 26+ Startup Companies in Mumbai: Career Opportunities, Growth, and Skills
By upGrad
Updated on Mar 17, 2025 | 20 min read | 3.5k views
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By upGrad
Updated on Mar 17, 2025 | 20 min read | 3.5k views
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Mumbai is home to over 9,000 startups, making it India’s third-largest startup hub and a key player in the global business landscape. This growing ecosystem offers immense career opportunities and growth potential.
In this blog, you will dive into the top 26+ startup companies in Mumbai, highlighting the key skills and opportunities that will set you up for success in this vibrant environment.
Mumbai is an entrepreneurial hotspot, and if you're looking to dive into the world of startups, it's the place to be. But why is Mumbai an ideal hub for new businesses?
From access to capital and a growing talent pool to being India’s financial hub, Mumbai has all the right ingredients to fuel startup success.
Mumbai’s startup ecosystem has been growing rapidly, thanks to several factors, making it a great environment for entrepreneurs and job seekers.
Here’s why the city stands out:
Also Read: Indian Start-Up Ecosystem Today: All You Need To Know
Recently, Mumbai's startup funding soared to $3.7 Bn, becoming India's most funded startup hub. As a student or professional looking to break into the startup world, understanding the reasons behind Mumbai's success is crucial.
Here’s a quick overview of some of the top standout startups in Mumbai, from tech-driven solutions to fresh approaches in e-commerce, healthcare, and finance:
Startup Name | Industry | Founded | Key Innovation |
upGrad | EdTech | 2015 | Revolutionizing online education with interactive learning. |
Cult.fit | HealthTech | 2016 | Fitness and wellness platform with AI-driven health solutions. |
Zomato | FoodTech | 2008 | Transforming food delivery with data and tech-driven models. |
Rebel Foods | FoodTech | 2011 | Cloud kitchen platform expanding globally. |
UrbanClap | Home Services | 2014 | On-demand home services platform simplifying user experience. |
Nykaa | E-Commerce | 2012 | Beauty and wellness e-commerce leader with omnichannel approach. |
Ola Electric | Electric Mobility | 2017 | Electric scooter manufacturer leading India’s green mobility shift. |
Dream11 | SportsTech | 2008 | Fantasy sports platform changing the way Indians engage with sports. |
PhonePe | FinTech | 2015 | Digital payments and financial services for mobile users. |
Khatabook | FinTech | 2018 | Digital ledger app aimed at small businesses in India. |
Razorpay | FinTech | 2014 | Payment gateway startup offering seamless payment solutions. |
Giva | E-Commerce | 2019 | Jewelry brand with a direct-to-consumer approach. |
Portea | HealthTech | 2013 | Home healthcare service providing skilled nurses and doctors. |
Lendingkart | FinTech | 2014 | Business loan provider leveraging AI and data analytics. |
InMobi | AdTech | 2007 | Mobile advertising and discovery platform. |
Turtlemint | InsurTech | 2015 | Platform revolutionizing insurance sales for individuals. |
Fynd | E-Commerce | 2012 | Omnichannel fashion e-commerce platform. |
Acko | InsurTech | 2016 | Digitally native insurance company offering unique solutions. |
These companies are reshaping Mumbai's startup ecosystem across various industries, attracting investment, and creating jobs for professionals. Thus, it’s the perfect time to enhance your qualifications and stand out in this competitive field.
Now, let's explore each of these startup companies in Mumbai and take a closer look at what they offer to their customers!
Unlike traditional education models, upGrad uses the latest technology, including AI-driven learning platforms, to offer engaging, personalized content that adapts to each learner's pace.
The platform provides industry-relevant programs that bridge the gap between education and real-world skills.
Aspect |
Details |
Founders | Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli |
Industry Specialization | EdTech |
Key Products/Services | Online courses, Degree programs, Certifications, Corporate Learning |
Global Presence | India, USA, UAE, Singapore, Middle East, Southeast Asia |
upGrad promotes a work culture that emphasizes continuous learning, career growth, and access to professional development opportunities for employees.
Career Opportunities and Average Salary Insights:
upGrad offers diverse career opportunities across technology, content development, business development, and marketing. On average, salaries range from INR 5L for entry-level positions to INR 16.5L for senior-level roles.
Cult.fit is redefining the way people approach fitness and wellness by integrating physical exercise, mental health, and nutrition in a holistic platform. What sets Cult.fit apart is its AI-powered fitness plans, which adapt based on individual progress, ensuring better results.
Aspect |
Details |
Founders | Mukesh Bansal, Ankit Nagori |
Industry Specialization | HealthTech |
Key Products/Services | Fitness classes, Home workouts, Nutrition, Mental wellness |
Global Presence | India, Singapore |
Employees are encouraged to innovate and bring fresh ideas while promoting workplace health and wellness. Benefits include access to health-focused initiatives like free gym memberships and yoga classes.
Career Opportunities and Average Salary Insights:
Cult.fit offers diverse roles in fitness training, nutrition counseling, tech development, and content creation. Salaries range from INR 1.5L to INR 2.5L annually, with senior positions like software engineers earning significantly higher.
Zomato is a trailblazer in the food industry, merging technology with food delivery and restaurant discovery. Beyond food delivery, Zomato is a key player in digital dining experiences, helping users discover new eateries, check reviews, and make reservations, all through its platform.
Aspect |
Details |
Founders | Deepinder Goyal, Pankaj Chaddah |
Industry Specialization | FoodTech |
Key Products/Services | Restaurant reviews, Food delivery, Online Ordering |
Global Presence | India, UAE, Qatar, Lebanon, Turkey, Sri Lanka, Indonesia |
Zomato places high value on transparency, creativity, and work-life balance. Employees enjoy a fun, inclusive environment with benefits like free meals and travel allowances.
Career Opportunities and Average Salary Insights:
Roles vary across product management, marketing, logistics, and customer support. The average salary ranges from INR 2.8L to INR 20L annually.
Also Read: Zomato Marketing Strategy 2025: Key Insights for Success
Instead of traditional dine-in experiences, Rebel Foods runs virtual kitchens for multiple brands under one roof, allowing them to deliver food more efficiently and cost-effectively. Brands like Faasos, Behrouz Biryani, and Oven Story are a part of Rebel Foods, catering to various consumer tastes.
Aspect |
Details |
Founders | Jaydeep Barman, Kallol Banerjee |
Industry Specialization | FoodTech |
Key Products/Services | Cloud kitchens, Online food delivery |
Global Presence | India, UAE, Indonesia, Singapore, Malaysia |
The company encourages autonomy and leadership at all levels, offering ample opportunities for skill-building and career advancement. Employee benefits include flexibility, insurance, wellness programs, and creating a healthy environment.
Career Opportunities and Average Salary Insights:
Rebel Foods constantly seeks talent in operations, technology, supply chain management, and marketing. Salaries typically range from INR 1.4L to INR 15L annually, depending on role and experience.
UrbanClap, now rebranded as Urban Company is a leader in providing on-demand home services. The platform connects customers with skilled professionals for beauty treatments, plumbing, cleaning, and more.
Aspect |
Details |
Founders | Abhiraj Bhal, Raghav Chandra, Varun Khaitan |
Industry Specialization | Home Services |
Key Products/Services | Home cleaning, Beauty services, Appliance repair |
Global Presence | India, UAE, Australia |
UrbanClap's work culture is centered around customer obsession and high-quality service delivery. The company supports a collaborative environment where innovation and problem-solving are encouraged.
Career Opportunities and Average Salary Insights:
UrbanClap provides career opportunities in customer service, operations, marketing, and technology. The salary for entry-level starts around INR 2L, and senior management roles reach up to INR 1 crore per year.
Also Read: Top 4 Education Trends Which are Transforming The Industry
Offering everything from skincare and makeup to haircare products, Nykaa is unique in curating high-quality, international brands alongside homegrown labels. With a strong presence in digital and physical retail, Nykaa's omnichannel approach has set a new benchmark in the beauty retail sector.
Aspect |
Details |
Founders | Falguni Nayar |
Industry Specialization | E-Commerce, Beauty & Wellness |
Key Products/Services | Beauty products, Fashion, Wellness |
Global Presence | India, UAE, Saudi Arabia, Oman |
Nykaa values creativity and promotes personal growth. It also offers attractive employee benefits like performance bonuses, health and wellness programs, and generous leave policies.
Career Opportunities and Average Salary Insights:
Nykaa offers diverse career opportunities in marketing, product management, logistics, and customer service. The salary range varies from INR 0.2L to INR 1 crore annually, depending on role and experience level.
Ola Electric is driving India's electric mobility revolution by developing smart, sustainable, and affordable electric vehicles. Ola Electric's electric scooters are poised to transform urban transportation by offering eco-friendly alternatives to conventional cars.
Aspect |
Details |
Founders | Bhavish Aggarwal, Ankit Jain |
Industry Specialization | Electric Mobility |
Key Products/Services | Electric scooters, Battery swapping stations |
Global Presence | India, UK, Australia, Europe |
Employees are encouraged to collaborate across teams to solve complex challenges in the electric vehicle sector. The company offers competitive salaries, career advancement opportunities, health insurance, and wellness programs to ensure employee satisfaction.
Career Opportunities and Average Salary Insights:
Roles are available in product development, operations, marketing, and business strategy. With its innovative culture, Ola Electric attracts top talent, with average salaries ranging from INR 2.4L to INR 2.7 crore annually.
Dream11 is India's most popular fantasy sports platform, where users can create fantasy teams and win cash prizes by competing in real-time sports matches. The company offers a new way to engage with sports through skill-based fantasy leagues.
Aspect |
Details |
Founders | Harsh Jain, Bhavit Sheth |
Industry Specialization | SportsTech |
Key Products/Services | Fantasy sports platform, Online leagues |
Global Presence | India, USA, Middle East |
Dream11's work culture is defined by collaboration and passion for sports. The company fosters an environment where employees are encouraged to think outside the box while offering benefits like competitive pay, health insurance, and flexible working options.
Career Opportunities and Average Salary Insights:
Dream11 is known for hiring talent in product management, software development, business development, and marketing. Average salaries typically range from INR 3.5L to INR 92.2L per year, depending on the role and experience level.
PhonePe is one of India’s leading digital payment platforms, empowering users to transfer money, pay bills, recharge mobiles, and shop online, all through a single app. It also supports UPI (Unified Payments Interface), making real-time money transfers accessible to all.
Aspect |
Details |
Founders | Sameer Nigam, Rahul Chari, Burzin Engineer |
Industry Specialization | FinTech |
Key Products/Services | Digital payments, Bill payments, Mobile recharges |
Global Presence | India |
PhonePe offers excellent benefits like a flexible work environment, performance bonuses, health insurance, and promotion opportunities for rapid career growth.
Career Opportunities and Average Salary Insights:
PhonePe offers career opportunities in product development, data analytics, business development, and finance. Employees can expect an average salary range between INR 4.9L to INR 97L annually.
Khatabook is revolutionizing how small businesses track their finances with its easy-to-use digital ledger app. The app allows small business owners to maintain accounts digitally, making it easier to manage credit, debit, and transactions without relying on paper records.
Aspect |
Details |
Founders | Ravish Naresh, Ankit Kumar |
Industry Specialization | FinTech |
Key Products/Services | Digital ledger, Payment tracking, Financial management |
Global Presence | India |
Khatabook promotes a work culture where employees are encouraged to take ownership. As a fast-growing startup, the company offers a dynamic and entrepreneurial environment with competitive compensation packages and benefits.
Career Opportunities and Average Salary Insights:
Career opportunities at Khatabook span tech development, data science, customer support, and marketing. Average salaries range from INR 2L to INR 65L annually, depending on experience and role.
Razorpay is a payment gateway that simplifies payment processing for Indian businesses of all sizes. It enables companies to accept, process, and disburse payments with ease. Razorpay's subscription billing platform and smart invoicing are particularly popular among SMEs and startups.
Aspect |
Details |
Founders | Harshil Mathur, Shashank Kumar |
Industry Specialization | FinTech |
Key Products/Services | Payment gateway, Smart invoicing, Subscription billing |
Global Presence | India, UAE, Singapore, Indonesia |
Razorpay emphasizes a culture of transparency. The company empowers its employees to take ownership of their work while fostering a supportive and collaborative environment.
Career Opportunities and Average Salary Insights:
Career opportunities at Razorpay are abundant in software engineering, product management, business development, and operations. Average salaries range from INR 2L to INR 1.1 crore annually, depending on experience.
Giva is a modern jewelry brand offering consumers high-quality, affordable, stylish designs. Its USP is 925 sterling silver jewelry, combining elegance and durability. Giva also provides customers with customized designs, delivering a personalized shopping experience.
Aspect |
Details |
Founders | Vipin Khandelwal, Sachin Goyal |
Industry Specialization | E-Commerce, Jewelry |
Key Products/Services | Silver jewelry, Custom designs, Online retail |
Global Presence | India, USA |
Giva’s work culture revolves around creativity, passion, and innovation, emphasizing individual growth. Employees enjoy a supportive atmosphere where they are encouraged to explore new ideas.
Career Opportunities and Average Salary Insights:
Giva offers career opportunities in marketing, sales, product development, and logistics. Employees can expect an average salary range of INR 2.1L to INR 4L annually.
Portea is India's leading healthcare at-home services provider, bringing skilled medical professionals, such as doctors, nurses, physiotherapists, and caregivers, directly to patients' doorsteps. They have simplified access to quality care, especially for patients who need regular attention.
Aspect |
Details |
Founders | Meena Ganesh, Krishnan Anantharaman |
Industry Specialization | HealthTech |
Key Products/Services | Home healthcare services, Nursing, Physiotherapy |
Global Presence | India |
Portea has a mission-driven culture that focuses on providing patients with high-quality care while supporting its employees' growth. The company offers flexible working hours, career advancement opportunities, and work-from-home options for various roles.
Career Opportunities and Average Salary Insights:
Portea hires healthcare professionals, operations managers, and tech developers. Salaries generally range from INR 1.5L to INR 8.2L annually, depending on role and experience.
Lendingkart is a digital lending platform that offers fast, unsecured loans to small businesses across India. They assess creditworthiness and provide financing in record time, making it easier for entrepreneurs to access capital.
Aspect |
Details |
Founders | Harshvardhan Lunia, Mukul Sachan |
Industry Specialization | FinTech |
Key Products/Services | Business loans, Working capital loans, Data-driven loan solutions |
Global Presence | India |
Lendingkart encourages collaboration and transparency, empowering employees to make decisions and contribute to the company's mission. Benefits include career development programs and a flexible working environment.
Career Opportunities and Average Salary Insights:
Lendingkart offers finance, data analysis, tech development, and operations job opportunities. Employees can expect an average salary range of INR 2.3L to INR 19L annually.
InMobi is one of the largest independent mobile advertising platforms, and it uses machine learning to create hyper-targeted advertising experiences for users across apps, websites, and mobile devices. The company seamlessly integrates ads into mobile apps and provides real-time analytics.
Aspect |
Details |
Founders | Naveen Tewari, Mohit Saxena, Amit Gupta |
Industry Specialization | AdTech |
Key Products/Services | Mobile ad platform, Programmatic ads, Real-time analytics |
Global Presence | India, USA, Singapore, Japan, Indonesia |
InMobi empowers employees to take risks and be leaders in the mobile advertising space. The company offers access to global career opportunities and a strong focus on professional development.
Career Opportunities and Average Salary Insights:
InMobi provides career opportunities in tech development, sales, marketing, and product management. The average salary ranges from INR 6.4L to INR 22L annually, with the potential for higher compensation in senior positions like manager.
Also Read: Importance of Mobile App Marketing: 7 Crucial Steps You Can’t Ignore
Turtlemint uses technology to make buying and managing insurance easier for everyone. The platform's approach to insurance includes using data analytics to personalize coverage and simplify claims, making it more transparent and accessible.
Aspect |
Details |
Founders | Dhirendra Mahyavanshi, Anand Prakash |
Industry Specialization | InsurTech |
Key Products/Services | Digital insurance platform, Policy comparison, Personalized Insurance |
Global Presence | India |
The company supports its employees with flexible work hours, health benefits, professional development, and a collaborative environment where everyone's ideas are valued.
Career Opportunities and Average Salary Insights:
Turtlemint hires for roles in technology, marketing, data analytics, and customer support. Salaries range from INR 3.5L to INR 18L annually, depending on the position and experience level.
Fynd is a leading omnichannel e-commerce platform that connects online shoppers to physical retail stores. It integrates physical retail inventories with digital platforms, enabling real-time stock updates and deliveries.
Aspect |
Details |
Founders | Harsh Shah, Farooq Adam |
Industry Specialization | E-Commerce, RetailTech |
Key Products/Services | Omnichannel retail, Inventory management, E-commerce platform |
Global Presence | India, Middle East |
Fynd's work culture is driven by customer obsession and a passion for bridging the gap between the online and offline worlds. The company encourages employees to take ownership of their work and be part of a forward-thinking team.
Career Opportunities and Average Salary Insights:
Fynd offers roles in tech development, product management, business development, and marketing. Salaries typically range from INR 10L to INR 18L annually, depending on the role and experience.
Acko uses the digital-first approach to provide low-cost, customizable insurance policies. Using AI and ML to process claims and offer coverage, Acko provides customers with instant policy issuance, flexible pricing, and a seamless claim experience.
Aspect |
Details |
Founders | Varun Dua, Ravi Ranjan, Vishal Subharwal |
Industry Specialization | InsurTech |
Key Products/Services | Digital insurance, Auto insurance, Health insurance |
Global Presence | India |
The company nurtures a start-up atmosphere with fast decision-making processes and continuous learning opportunities. Acko offers competitive salaries, performance-linked bonuses, health benefits, and opportunities for career growth.
Career Opportunities and Average Salary Insights:
Acko hires professionals in data science, product management, software development, and customer support. The average salary range is between INR 2.4L for an intern and INR 1.4 crore per year, depending on the role and experience level.
While these popular startups have been a driving force in Mumbai's startup ecosystem, many more rising companies are making waves across industries. Here are a few more unique startups in Mumbai that are gaining traction:
Also Read: 10 Startup Ideas for Techies to Become an Entrepreneur
Now, as we look towards 2025 and beyond, it's crucial to understand the skills needed to prosper in this agile environment. Let's explore the key skills that will set you up for success in Mumbai's startup ecosystem.
As the startups in Mumbai continue to grow, there is an increasing demand for professionals who can adapt, innovate, and drive results. The right skills can make all the difference in navigating this competitive environment and ensuring long-term success.
Here’s a deep understanding of key skills that will help you prosper in Mumbai’s startup ecosystem in 2025:
By honing these essential skills, you'll be ready to tackle the challenges and seize the opportunities that come with working in Mumbai's vibrant startup scene.
In 2025, Mumbai's startups are not just following trends but setting them. The role of these startups goes beyond innovation; they are fundamentally reshaping Mumbai's business environment in ways that impact industries, job markets, and global markets alike.
Here's how startups in Mumbai are making an impact:
The city will eventually become a global business center where innovative startups will take charge of a more connected, efficient, and sustainable future.
Also Read: Top 20 Highest Paying Jobs in Mumbai [A Complete Report]
As Mumbai’s startup ecosystem grows, upGrad ensures you have the right skills to land your dream role, with over 10 million learners and 300+ industry partners globally.
With top startups constantly on the lookout for talent in tech, marketing, data science, and business management, upGrad provides you with the resources and exact expertise needed in this field.
Some of the relevant programs that align perfectly with what you are looking for include:
Not sure where to begin? Book a career counseling session with upGrad for personalized guidance to help you take a right first step.
Or, if you prefer face-to-face interaction, visit any of our offline centers to meet with expert mentors, attend live workshops, and gain practical learning.
Reference Links:
https://inc42.com/features/mumbai-surpassed-bengaluru-as-indias-most-funded-startup-hub-in-2024/
https://in.indeed.com/cmp/Byju's/salaries
https://www.glassdoor.co.in/Salary/cult-fit-Salaries-E5662614.htm
https://www.ambitionbox.com/salaries/zomato-salaries
https://www.glassdoor.co.in/Salary/Rebel-Foods-Formerly-Faasos-Salaries-E1142712.htm
https://www.ambitionbox.com/salaries/urban-company-salaries
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https://www.ambitionbox.com/salaries/nykaa-e-retail-salaries
https://www.ambitionbox.com/salaries/ola-electric-mobility-salaries
https://www.ambitionbox.com/salaries/dream11-salaries
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https://www.ambitionbox.com/salaries/khatabook-office-salaries
https://www.ambitionbox.com/salaries/razorpay-salaries
https://in.indeed.com/cmp/Giva-Jewellery/salaries
https://in.indeed.com/cmp/Portea-Medical/salaries
https://in.indeed.com/cmp/Lendingkart/salaries
https://in.indeed.com/cmp/Inmobi/salaries
https://in.indeed.com/cmp/Turtlemint-2/salaries
https://www.glassdoor.co.in/Salary/Fynd-Software-Engineer-Salaries-E871023_D_KO5,22.htm
https://www.ambitionbox.com/salaries/acko-general-insurance-salaries
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