Region
Companies in Maharashtra
VCMC tracks 44,518 companies based in Maharashtra. 526 of them have raised a venture or growth round, $23.35B in total, with a median round of $5.0M; 236 raised since 2024. 514 of the 526 have a VCMC valuation; the median is $31.4M.
44,518
companies tracked
526
venture-backed
1% of those tracked
$23.35B
raised in total
by 487 companies
$5.0M
median round
of 714 rounds with an amount
$31.4M
median valuation
of 514 companies valued
Values cover private companies only; public companies are not included.
By their latest round, most are at Seed (145 of 526).
- Pre-seed 77
- Seed 145
- Series A 127
- Series B 58
- Series C and later 115
- Stage not stated 4
The companies
Companies in Maharashtra
The 50 venture-backed companies below are this page's list; CRED has raised the most ($1.78B).
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CRED Payment Processing & Point of Sale | Series H Jun 2026 $900M | $4.9B | $3.9B – $6.7B | $5.8B (+19%) | $739M | 0% | 2,252 | up | A | |
| 2 | Vertelo Car Rental | Growth Equity Apr 2024 $1.50B | $23.3B | $11.3B – $35.4B | $23.3B (0%) | $2.4B | 0% | 39 | growing | B | |
| 3 | Dream Sports Tech Companies | Growth Equity Nov 2021 $840M | $8.0B | $695M – $9.2B | $8.0B (0%) | $911M | 0% | 108 | flat | D | |
| 4 | PharmEasy Drug Stores & Pharmacies | Debt Sep 2025 $193M | $810M | $259M – $932M | $791M (-2%) | $82.6M | 0% | 3,978 | flat | C | |
| 5 | Sun King Solar Energy Company | Growth Equity Dec 2025 $40M | $420M | $254M – $647M | $425M (+1%) | $44.0M | 0% | 887 | unknown | B | |
| 6 | NIIF Infrastructure Loans & Financing | Growth Equity Nov 2020 $810M | $7.8B | $514M – $11.9B | $7.8B (0%) | $891M | 0% | 71 | flat | D | |
| 7 | Infra.Market Building Material Manufacturers | Debt Oct 2025 $150M | $2.7B | $2.3B – $3.3B | $2.0B (-28%) | $441M | 97% | 1,880 | down | A | |
| 8 | BillDesk Payment Processing & Point of Sale | Growth Equity Feb 2019 $85M | $1.0B | $86.9M – $1.2B | $1.0B (0%) | $114M | 0% | 800 | flat | D | |
| 9 | XpressBees Shipping Couriers | Series G Nov 2023 $80M | $1.9B | $401M – $2.2B | $1.6B (-19%) | $246M | 0% | 8,370 | flat | C | |
| 10 | ElasticRun Warehousing & Storage | Series E Feb 2022 $330M | $1.8B | $170M – $2.4B | $1.7B (-7%) | $293M | 9% | 3,481 | flat | D | |
| 11 | Purplle Cosmetics Stores | Series F Oct 2024 $180M | $1.8B | $1.2B – $2.0B | $1.3B (-28%) | $222M | 0% | 1,880 | growing | A | |
| 12 | Rebel Foods Tech Companies | Debt Sep 2025 $17M | $1.7B | $1.2B – $2.2B | $1.4B (-16%) | $271M | 59% | 3,595 | up | B | |
| 13 | Tech Companies | Series B Sep 2023 $30M | $234M | $42.5M – $461M | $222M (-5%) | $38.6M | 0% | 461 | up | D | |
| 14 | Solar Energy Company | Series B Jan 2026 $15M | $129M | $67.7M – $205M | $144M (+11%) | $18.2M | 0% | 208 | growing | B | |
| 15 | Luggages, Bags & Handbags | Series C Jun 2026 $7.3M | $71.6M | $55.8M – $97.5M | $84.7M (+18%) | $10.7M | 0% | 400 | growing | A | |
| 16 | Tech Companies | Acquisition Nov 2025 $218M | $25.7M acquired 2025 | $10.9M – $115M | – | – | 97% | 222 | down | D | |
| 17 | Financial Services | Series A Jul 2022 $10M | $73.2M | $7.18M – $133M | $67.8M (-7%) | $15.5M | 11% | 58 | up | D | |
| 18 | Tech Companies | Series A May 2018 $10M | $47.5M | $3.89M – $99.4M | $46.4M (-2%) | $14.0M | 21% | 18 | up | D | |
| 19 | Financial Services | Seed Aug 2024 $7.0M | $0.39M | $0 – $0.39M | $0.39M (0%) | – | 100% | 80 | down | dead | |
| 20 | Financial Services | Series A Mar 2022 $4.0M | $39.2M | $2.12M – $64.2M | $35.4M (-10%) | $8.02M | 4% | 205 | flat | D | |
| 21 | Financial Services | Other Aug 2024 $2.0M | $40.5M | $6.73M – $244M | $40.5M (0%) | – | 0% | 333 | flat | D | |
| 22 | Tech Companies | Series C Oct 2017 $2.7M | $5.62M | $1.40M – $26.4M | $5.62M (0%) | $3.51M | 77% | 31 | down | D | |
| 23 | Sports Medicine & Physical Therapy | Seed Jan 2024 $1.2M | $36.4M | $7.11M – $158M | $36.4M (0%) | – | 0% | 179 | growing | D | |
| 24 | Tech Companies | Series A Mar 2015 $2.5M | $15.8M | $0.79M – $37.6M | $15.8M (0%) | $3.50M | 29% | 41 | flat | D | |
| 25 | Real Estate - Agents & Managers | Seed Mar 2022 $2.0M | $2.65M | $0.84M – $21.4M | $2.43M (-8%) | $4.70M | 97% | 25 | down | D | |
| 26 | Tech Companies | Seed Jul 2025 $1.8M | $24.0M | $7.97M – $36.5M | $24.0M (0%) | $4.96M | 0% | 76 | growing | C | |
| 27 | Bicycle Shops, Parts & Accessories | Pre-Seed Feb 2021 $1.5M | $2.68M | $0.88M – $8.86M | $2.79M (+4%) | $5.57M | 97% | 101 | shrinking | D | |
| 28 | Real Estate - Agents & Managers | Seed Jul 2024 $1.5M | $7.88M | $2.73M – $18.1M | $5.80M (-26%) | $3.72M | 67% | 52 | flat | C | |
| 29 | Financial Services | Seed May 2026 $312K | $1.66M | $1.07M – $2.82M | $2.45M (+48%) | $0.51M | 0% | 23 | flat | B | |
| 30 | Financial Services | Seed Dec 2023 $1.3M | $8.78M | $1.78M – $19.3M | $6.84M (-22%) | $3.36M | 42% | 49 | down | D | |
| 31 | Bicycle Shops, Parts & Accessories | Pre-Seed May 2022 $1.0M | $1.45M | $0.63M – $4.47M | $1.29M (-11%) | $3.05M | 97% | 37 | shrinking | C | |
| 32 | Video Games - Development & Publishing | Seed Aug 2025 $1.0M | $8.84M | $3.21M – $14.0M | $7.73M (-13%) | $2.31M | 30% | 5 | unknown | C | |
| 33 | Refrigeration Equipment & Supplies | Other Jun 2022 $961K | $79.2M | $11.7M – $158M | $79.2M (0%) | $12.8M | 0% | 62 | growing | D | |
| 34 | Software Development Services | Seed May 2021 $845K | $30.5M | $5.06M – $184M | $30.5M (0%) | – | 0% | 198 | flat | D | |
| 35 | Software Development Services | Seed Sep 2019 $700K | $47.3M | $7.10M – $233M | $47.3M (0%) | – | 0% | 251 | up | D | |
| 36 | Tech Companies | Seed Dec 2022 $600K | $2.89M | $0.47M – $8.34M | $2.38M (-18%) | $1.72M | 50% | 41 | flat | D | |
| 37 | Electric Supplies & Power Generation | Seed Dec 2024 $600K | $4.54M | $1.35M – $8.83M | $3.65M (-20%) | $1.44M | 44% | 11 | flat | C | |
| 38 | Decorators & Interior Designers | Seed Dec 2024 $590K | $7.67M | $1.84M – $11.7M | $7.67M (0%) | $1.59M | 0% | 59 | up | C | |
| 39 | Electric Supplies & Power Generation | Seed Mar 2024 $574K | $7.28M | $1.06M – $11.3M | $7.10M (-2%) | $1.55M | 2% | 24 | up | D | |
| 40 | Software Development Services | Series A Mar 2023 $508K | $3.20M | $0.35M – $6.25M | $2.73M (-15%) | $0.74M | 19% | 32 | flat | D | |
| 41 | Software Development Services | Seed Feb 2025 $500K | $13.8M | $2.07M – $67.7M | $13.8M (0%) | – | 0% | 73 | up | D | |
| 42 | Tech Companies | Seed Jun 2024 $500K | $6.02M | $1.09M – $9.63M | $5.81M (-3%) | $1.38M | 8% | 39 | up | D | |
| 43 | Travel Agencies | Pre-Seed Aug 2023 $500K | $0.99M | $0.55M – $2.15M | $0.62M (-38%) | $1.29M | 97% | 15 | shrinking | C | |
| 44 | Tech Companies | Series A Jul 2023 $426K | $2.86M | $0.29M – $14.5M | $2.22M (-23%) | $0.51M | 97% | 13 | shrinking | D | |
| 45 | Tech Companies | Series A May 2023 $422K | $11.2M | $1.87M – $67.7M | $11.2M (0%) | – | 0% | 73 | unknown | D | |
| 46 | Tech Companies | Pre-Seed May 2024 $150K | $0.46M | $0.23M – $0.89M | $0.35M (-24%) | $0.34M | 97% | 8 | shrinking | C | |
| 47 | Tech Companies | Series A Jun 2022 $64K | $3.09M | $0.51M – $18.6M | $3.09M (0%) | – | 2% | 43 | flat | D | |
| 48 | Refrigeration Equipment & Supplies | Seed Feb 2023 | $3.87M | $1.20M – $23.8M | $2.75M (-29%) | $4.97M | 97% | 12 | down | D | |
| 49 | Biotechnology | Seed Oct 2022 | $4.18M | $0.83M – $37.1M | $3.13M (-25%) | $5.56M | 81% | 10 | down | D | |
| 50 | Tech Companies | Pre-Seed Jul 2024 | $22.5M | $2.67M – $44.9M | $22.5M (0%) | $4.66M | 0% | 6 | unknown | D |
Showing 50 of 44,518. Load more lists every other company here, 50 at a time.
Valuations
How these companies are valued
514 of the 526 venture-backed companies here have a VCMC valuation; the median is $31.4M. A company acquired after its last round keeps its last value as a private company and is left out of the median. 68 companies have disclosed a valuation; for the rest VCMC's valuation is the only number. Each valuation comes with a range, from a low to a high scenario, and a prediction for a year from now. Values cover private companies only; public companies are not included. How VCMC values companies.
Investors
Who backs them
Firms that backed two or more of these companies. IAN Group backed 18, Venture Catalysts 18.
- 18 companies, led 7
- 18 companies, led 7
- 17 companies, led 8
- 16 companies, led 13
- 15 companies, led 4
- Accel 14 companies, led 6
- 14 companies, led 4
- 13 companies, led 9
- 12 companies, led 5
- Sequoia Capital India 11 companies, led 8
- 11 companies, led 4
- 10 companies, led 5
Recent rounds
Latest funding
88 rounds from Oct 2025 to Sep 2026, $2.95B with a disclosed amount.
- Seed, led by Rainmatter $1.4M 14 Sep 2026
- Series A, with Panthera Growth Partners $14M 11 Sep 2026
- Series A, with Antler and Nexus Venture Partners $4.0M 7 Sep 2026
- Series C, with Filter Capital and Peak XV Partners $50M 7 Sep 2026
- Series B, with Riverwalk Holdings $4.8M 3 Sep 2026
- Seed, led by Speciale Invest $11M 27 Aug 2026
- Series A, led by Speciale Invest $12M 27 Aug 2026
- Series B, led by Amazon.com NV Investment Holdings $6.5M 21 Aug 2026
- Seed, with Saffron Maple Private Limited $334K 20 Aug 2026
- Series A, led by Norwest $13M 18 Aug 2026
- Growth, with Deutsche Ventures and BlackRock $225M 17 Aug 2026
- Seed, with Malpani Ventures and Avinya Ventures $87K 5 Aug 2026
Browse
Related groups
Other regions in India
Questions
Frequently asked
How many companies in Maharashtra does VCMC track?
44,518. 526 of them have raised a venture or growth round.
How much have companies in Maharashtra raised?
$23.35B in total across the 487 with a known amount; the median round is $5.0M. 236 raised a round since 2024.
Which companies in Maharashtra have raised the most?
CRED ($1.78B), Vertelo ($1.50B), Dream Sports ($1.47B).
Which investors back companies in Maharashtra most often?
IAN Group (18 companies), Venture Catalysts (18 companies), Kalaari Capital (17 companies).
What are companies in Maharashtra worth?
The median VCMC valuation is $31.4M across 514 companies; companies acquired after their last round are left out. Values cover private companies only; public companies are not included.
What was the latest funding round?
Novorbis Itus raised a Seed round of $1.4M (Sep 2026), led by Rainmatter.