FundedIQ

Funded Apps Startups in Mumbai

Mumbai's apps segment spans roughly five and a half years of recorded activity in these 22 rows, from Shop101's $287M round in March 2020 through Kuku FM's…

Mumbai's apps segment spans roughly five and a half years of recorded activity in these 22 rows, from Shop101's $287M round in March 2020 through Kuku FM's $50M Series C in October 2025. The most recent cluster — Kuku FM, Pronto ($11M Series A), Nazara Technologies ($57M), and Klassroom Edutech — all closed in 2025, suggesting continued investor interest at both growth and early stages.

The dataset covers a wide band of maturity: Chalo, Servify, and Purplle each reached Series D between 2022 and 2023, while Route Mobile completed a $117M post-IPO equity raise in November 2021. At the early end, five seed rounds and two pre-seed rounds appear between 2021 and 2024, including the EleFant ($720K, July 2024) and DIAL4242 ($120K, September 2023). Servify is the only company with two entries, having raised in both 2020 and 2022.

Most recent rounds

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Frequently asked

What are the largest disclosed rounds among Mumbai apps startups in this dataset?

Shop101 leads with $287M in March 2020, followed by Route Mobile's $117M post-IPO equity raise in November 2021. Servify ($65M Series D, August 2022), Nazara Technologies ($57M, January 2025), and Kuku FM ($50M Series C, October 2025) account for the next three largest disclosed amounts in the 22-row set.

Which Mumbai apps companies raised funding in 2025?

Four companies in the dataset closed rounds in 2025: Kuku FM (Series C, $50M, October), Pronto (Series A, $11M, August), Nazara Technologies (Series Unknown, $57M, January), and Klassroom Edutech (Series Unknown, undisclosed, January). All four are headquartered in Mumbai.

How is the funding stage distributed across the dataset?

Seed is the most represented stage, with five companies — the EleFant, DIAL4242, StepSetGo, Anar, and Pencil — raising seed rounds between 2021 and 2024. Series D appears three times (Chalo, Servify, Purplle), and there are two pre-seed rounds (Phree, Impact). Kuku FM is the only Series C in the set.

Are any companies represented more than once in the dataset?

Servify appears twice: an undisclosed round in September 2020 and a $65M Series D in August 2022, the only company in these 22 rows to show a multi-round progression within the same window.

What is the range of disclosed round sizes in this dataset?

Disclosed amounts span from Reloy's $100K corporate round in March 2022 at the low end to Shop101's $287M in March 2020 at the top. DIAL4242's $120K seed (September 2023) is the second smallest disclosed figure, illustrating the breadth of capital stages captured in the set.

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