Funded Artificial Intelligence Startups in Mumbai
Mumbai's AI sector shows 28 tracked funding rounds running from March 2020 through November 2025, with Seed accounting for the clear majority of activity.
Mumbai's AI sector shows 28 tracked funding rounds running from March 2020 through November 2025, with Seed accounting for the clear majority of activity. The most recent closes are Hoopr ($450K Seed, November 2025), Fire AI ($460K Seed, October 2025), and GovEVA ($2M Seed, August 2025) — all early-stage, all within the past year. Six rounds closed in 2025 alone, suggesting continued early-stage deal flow even as check sizes remain modest relative to other geographies.
The upper end of disclosed raises belongs to earlier vintages: Qure AI's $40M venture round in March 2022 and SMECorner's $30M raise in March 2020 are the two outliers by size. IDfy (Series D, $12M, October 2021) and Miko (Series C, $2M, August 2024) represent the most advanced stages in the dataset. Five rounds carry undisclosed amounts, including Frelo, Wright Research, and Algomage, which limits full capital analysis. The bulk of disclosed Seed checks fall between $450K and $5M.
Most recent rounds
28 shownRelated listings
Frequently asked
What are the largest disclosed rounds among Mumbai AI startups in this dataset?
Qure AI leads with a $40M venture round closed in March 2022, followed by SMECorner at $30M in March 2020 and IDfy at $12M Series D in October 2021. Among more recent raises, Eccentric closed a $5M Seed in January 2025 and Decimal Point Analytics raised $5M in a venture round in June 2022.
How active has Mumbai AI funding been in 2025?
Six rounds closed in 2025 among the companies shown: Hoopr ($450K Seed, November), Fire AI ($460K Seed, October), GovEVA ($2M Seed, August), Tejas AI ($500K Pre-Seed, March), Lillia ($2M, February), and Eccentric ($5M Seed, January). All six are early-stage raises, with Seed being the predominant structure.
Which funding stages appear most frequently in this group?
Seed is the most common stage, covering Hoopr, Fire AI, GovEVA, Eccentric, CoverSure, Endimension, Quickwork, ZERON, and Assert AI, among others. Pre-Seed appears three times (Tejas AI, Nyun AI, Pensieve), while several rounds are logged as Series Unknown or carry undisclosed amounts.
Which companies have reached the most advanced funding stages?
IDfy reached Series D ($12M, October 2021) and Miko closed a Series C ($2M, August 2024), making them the furthest-progressed by stage among the 28 rows shown. Knight International closed a Series A ($300K) in April 2024.
What is the typical disclosed check size for Seed rounds in this group?
Disclosed Seed checks range from $450K (Hoopr, November 2025) to $5M (Eccentric, January 2025). Most cluster between $450K and $4M — CoverSure raised $4M in May 2024, Quickwork $3M in November 2023, and GovEVA $2M in August 2025. Several Seed rounds, including Frelo and Mool, carry undisclosed amounts.
How many rounds in this dataset have undisclosed amounts?
Five of the 28 rounds are undisclosed: Frelo (Seed, October 2024), Wright Research (Series Unknown, December 2023), Algomage (Series Unknown, September 2023), Eugenie.ai (Series Unknown, February 2023), and Mool (Seed, August 2022). This limits capital-deployed analysis for roughly 18% of the rounds shown.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.