Ever heard of the “Gateway of India”? If not, let me tell you – it’s not just a historic monument; it’s a symbol of Maharashtra, one of India’s largest industrial and commercial powerhouses! Still not getting it? Let me paint a clearer picture. Maharashtra is where the ‘Big Bull’ played his game in Mumbai’s markets. Like him, countless visionaries have turned their ideas into million dollar worth startups in maharashtra.

So, if you’re an entrepreneur or a business enthusiast, you’re in the right place! I’m about to introduce you to the top 10 startups in Maharashtra. These trailblazing companies will not only give you insights into innovative business models but also inspire you to transform your ideas into a successful business venture in Maharashtra.

Get ready to swim into the dynamic world of startups in Maharashtra and take your business into the next level!!

1. Apna

Apna is a groundbreaking platform revolutionizing the job market for blue-collar workers and freelancers. Launched in 2019, Apna focuses on creating job opportunities for individuals in various sectors, including retail, construction, and hospitality. The platform connects job seekers with potential employers through a user-friendly app, providing a seamless experience for both parties. Apna’s innovative approach addresses the gap in the job market for low-skilled and entry-level positions, making it a standout among startups in Maharashtra. The company has rapidly expanded its reach and continues to grow its user base significantly.

Founded By and Year: Apna was founded by Nirmit Parikh in 2019.

Net Worth: As of 2024, Apna’s valuation is estimated at $1.8 billion.

Business Model: Apna operates on a freemium model, offering basic services for free while charging employers for premium features like job postings and enhanced visibility.

2. UpGrad

UpGrad is a leading edtech company that offers higher education and professional courses through its online platform. Established in 2015, UpGrad provides a wide range of programs in collaboration with top universities and industry experts. The startup’s mission is to democratize higher education and make quality learning accessible globally. With a focus on career advancement and upskilling, UpGrad is a major player among startups in Maharashtra, transforming how professionals enhance their knowledge and career prospects.

Founded By and Year: UpGrad was founded by Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli in 2015.

Net Worth: UpGrad’s valuation stands at approximately $3.5 billion as of 2024.

Business Model: UpGrad follows a subscription-based model for its courses, offering different pricing tiers based on the depth and length of the program.

3. Skillmatics

Skillmatics is a dynamic startup that focuses on creating educational toys and games aimed at enhancing cognitive and motor skills in children. Founded in 2019, Skillmatics designs products that are both fun and educational, helping kids develop essential skills through interactive play. The company’s innovative approach to learning through play has made it a significant name among startups in Maharashtra, gaining recognition for its commitment to fostering early childhood development.

Founded By and Year: Skillmatics was founded by Nithin and Sandeep Dhingra in 2019.

Net Worth: The company’s net worth is estimated at $50 million in 2024.

Business Model: Skillmatics generates revenue through the sale of its educational products both online and in retail stores.

4. Reliance Jio

Reliance Jio, part of Reliance Industries, is a telecommunications giant that revolutionized the Indian telecom sector with its high-speed internet services. Since its launch in 2016, Jio has set new benchmarks in network coverage, data pricing, and customer service. As one of the largest startups in Maharashtra, Jio’s impact on digital connectivity has been profound, driving the growth of internet users and digital services across the country.

Founded By and Year: Reliance Jio was founded by Mukesh Ambani in 2016.

Net Worth: Jio’s estimated valuation is around $100 billion in 2024.

Business Model: Jio operates on a service-based model, offering data, voice, and digital services through various subscription plans.

5. Kodo

Kodo is a fintech startup that provides an innovative credit management platform designed for millennials and young professionals. Founded in 2020, Kodo offers a range of financial services, including credit cards and financial planning tools, tailored to meet the needs of a tech-savvy generation. As a rising name among startups in Maharashtra, Kodo is reshaping the credit landscape with its user-centric approach and advanced digital solutions.

Founded By and Year: Kodo was founded by Aditya Jha and Harshil Mathur in 2020.

Net Worth: Kodo’s valuation is estimated at $75 million as of 2024.

Business Model: Kodo’s revenue model includes fees from credit card transactions, annual fees, and interest on credit balances.

6. Reliance Retail

Reliance Retail is a prominent retail chain that operates a wide range of formats including supermarkets, hypermarkets, and specialty stores. Established in 2006, Reliance Retail has become a major player among startups in Maharashtra, revolutionizing the retail sector with its expansive network and innovative retail practices. The company’s focus on affordability, variety, and customer experience has solidified its position as a retail leader.

Founded By and Year: Reliance Retail was founded by Mukesh Ambani in 2006.

Net Worth: The estimated valuation of Reliance Retail is around $50 billion in 2024.

Business Model: Reliance Retail operates on a traditional retail model, generating revenue through the sale of consumer goods across its various store formats.

7. Jai Kisan

Jai Kisan is a fintech startup dedicated to providing financial solutions to rural farmers and agricultural businesses. Launched in 2018, Jai Kisan offers credit, insurance, and financial advisory services tailored to the needs of the agricultural community. As a key player among startups in Maharashtra, Jai Kisan’s mission to empower farmers through accessible financial services is driving positive change in rural areas.

Founded By and Year: Jai Kisan was founded by Ankur Sharma and Ankit Kumar in 2018.

Net Worth: Jai Kisan’s valuation is approximately $40 million in 2024.

Business Model: Jai Kisan generates revenue through interest on loans and financial products designed for the agricultural sector.

8. Infra.Market

Infra.Market is a B2B platform that connects construction companies with suppliers of building materials and infrastructure products. Founded in 2016, Infra.Market has quickly emerged as a leading startup in Maharashtra, streamlining the procurement process and enhancing efficiency in the construction industry. The platform’s focus on quality, reliability, and innovation has made it a valuable asset for businesses involved in infrastructure development.

Founded By and Year: Infra.Market was founded by Sandeep Agarwal and Jitendra Gupta in 2016.

Net Worth: The company’s valuation stands at around $1 billion as of 2024.

Business Model: Infra.Market operates on a commission-based model, earning revenue from transactions facilitated through its platform.

9. ErlySign

ErlySign is a startup specializing in digital signatures and electronic document management. Launched in 2021, ErlySign offers a secure and efficient solution for signing, storing, and managing important documents online. As one of the emerging startups in Maharashtra, ErlySign is at the forefront of the digital transformation in document handling, providing businesses and individuals with a reliable and user-friendly platform.

Founded By and Year: ErlySign was founded by Raghavendra Kumar and Sneha Agarwal in 2021.

Net Worth: ErlySign’s estimated valuation is $25 million in 2024.

Business Model: ErlySign follows a subscription-based model, offering various tiers of service depending on the needs of the user.

10. Vesatogo Innovations

Overview: Vesatogo Innovations is a tech startup focused on developing cutting-edge solutions in the field of artificial intelligence and machine learning. Established in 2020, Vesatogo Innovations is making waves among startups in Maharashtra with its innovative approaches to AI-driven technologies. The company’s work in AI research and application is paving the way for new advancements in various industries, from healthcare to finance.

Founded By and Year: Vesatogo Innovations was founded by Arjun Mehta and Rina Patel in 2020.

Net Worth: The company’s valuation is estimated at $30 million as of 2024.

Business Model: Vesatogo Innovations generates revenue through AI consultancy, licensing its technology, and offering bespoke AI solutions to businesses.

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