Top 10 Startups In Mumbai 2020

Covering the best and the most successful startups from Delhi to Bangalore. We now arrive at the film city of India better known as Mumbai.

With over 1300 startups added by Mumbai in 2019 itself, the city is a huge competitor in terms of the total number of startups per year. Also, it is no doubt that the number is exponentially growing. 

Right now, we are going to cover the Top 10 startups that have originated from Mumbai and the ones that are truly making the change.

See Also: Top 10 Startups In Pune 2020

10 Best And Most Successful Startups In Mumbai

1. Ola Cabs

Founded Date: December 3, 2010

Founders: Bhavish Aggarwal and Ankit Bhati

Users: Over 125 million users across India

About the startup

Ola Cabs is an Indian cab booking company that offers services such as a vehicle for hire and food delivery services. The company was established in Mumbai, now based in Bangalore, and was developed by ANI Technologies Pvt Ltd. Through its mobile application,  you can book a cab from any place to any destination and that too at a few simple taps.  

What’s in it for us!

Want to hire a car and travel to a nearby location or outside the city?

Ola Cabs got you fully covered!

You can easily hire a car through their mobile application that is available on the play store. Also, the mobile application has a feature that shows you the estimated cost for reaching the destination. No need to guide the drivers as google maps will cover that too. Furthermore, the prices are reasonable and the service offered is remarkable. 


Ola cabs have raised a total funding amount of $3.8 Billion until now with the last funding type being the “Series J” fundings.

Why do we have this startup in the top 10?

Ola Cabs is undoubtedly one of the most reliable taxi service providers in India. The company already has a massive user base which is exponentially growing day by day. Also, the company is not only limited to the cab rental but is also providing food delivery services and an ola money payment wallet to make the rides cashless. Thus, the company can never be excluded from the list. 

Ola Cabs Startup In Mumbai
Image Source: Qz

2. Pepperfry

Founded Date: January 3, 2012

Founders: Ambareesh Murty

User base: Over 5M+ play store downloads  

About the startup

Pepperfry is an online furniture and home furnishing marketplace. The company was established in Mumbai, India. Through its website or mobile application, you can easily purchase furniture and furnishing without the hassle of going to the market. 

What’s in it for us!

Do you want to decorate your home or office but your busy schedule never lets you do the same?

Don’t worry, Pepperfry could fix this problem!

Pepperfry is the best platform where you could buy furniture, home decor, lamps, furnishings, and homeware at the best prices. There are a lot of options available to choose from, thus, making it suitable to buy as per your needs. 


Pepperfry has raised a total funding amount of $240.5M until now with the last funding type being the “Series F” fundings.  

Why do we have this startup in the top 10?

Pepperfry has made it easier for the Indians to purchase home decor and furnishing Indians. The process of purchasing is much simpler and hassle-free than ever. Thus, Pepperfry could easily be counted as one of the best startups in Mumbai. 

See Also: Top 10 Fintech Companies in India 2020

Pepper Fry Founder Ambareesh
Image Source

3. Bookmyshow

Founded Date: 1999

Founders: Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande

User base: Over 5M+ play store downloads 

About the startup

Bookmyshow is an online ticket booking platform for cinemas, theatres, sports, and other events. The headquarters is presently located in Mumbai. With ticketing for more than 3000 screens across 250 cities, the company has a partnership with all the well established Indian production houses.  

What’s in it for us!

Be it a concert, a movie, or any other entertainment event lover.

Bookmyshow is the platform for you!

Through the Bookmyshow website or application, you can easily book tickets for your favorite event without even going out of your home. There are multiple payment options available ranging from bank cards to digital wallets. Thus, payments are not a problem at all.    


Bookmyshow has raised a total funding amount of $224.5M until now with the last funding type being the “Venture” series round.

Why do we have this startup in the top 10?

Bookmyshow has revolutionized the ticketing system making it much easier than ever. Now you can book tickets for your favorite event while sitting in the comfort of your home. What a wonderful idea! Isn’t it? 

BookMyShow Founders
Image Source: YourStory

4. Nykaa

Founded Year: 2012

Founder: Falguni Nayar

User base: 10M+ play store downloads

About the startup

Nykaa is an online shopping beauty store. The company presently has its headquarters in Mumbai with a subsidiary being Outletwise Retail Pvt Ltd. The platform offers a wide range of beauty products including makeup, face appliances, etc.  

What’s in it for us!

Do you love to buy cosmetics and beauty products, and want to own a variety of them?

Nykaa is the best fit for you!

You can choose products from a wide variety of options and that too from some well-reputed brands. The purchased products will be home delivered without any hassle.


Nykaa has raised a total funding amount of $145.9M until now with the last funding type being the “Series F” funding.

Why do we have this startup in the top 10?

Over time, Nykaa has become the ladies’ most loved platform that offers a wide variety of skincare products and makeup options. Thus, it can easily be regarded as one of the best startups in Mumbai.   

See Also: Top 10 AgriTech Startups In India 2020

Falguni Nayar Founder Of Nykaa
Image Source: Leader Biography

5. Toppr

Founded Date: Feb 4, 2013

Founders: Hemanth Goteti and Zishaan Hayath

User Base: 7 Million across mobile and desktop 

About the startup

Toppr is an online learning platform for students from classes 1-12. The platform also provides coaching for various competitive exams such as JEE and NEET. Above all, the platform also provides a course on coding, a homework app for quick answers, and live group classes. The Toppr app is available on Android, iOS, and Windows.    

What’s in it for us!

Are you a parent looking for an online tutor for your child?

Toppr might be the right platform for him/her!

The platform is well-equipped with a top-notch facility from various reputed institutes. Regular mock tests to help the students realize their strengths and weaknesses.


Toppr has raised a total funding amount of $112.1M until now with the last funding type being the “Series D” funding.

Why do we have this startup in the top 10?

Toppr has bagged various achievements in the past such as IAMAI India Digital Awards 2019, GSV Global Edtech Top 50 Growth Companies, and many more. Thus, the company cannot be left out of the top startups’ list.

Toppr Founders
Image Source

6. Quikr

Founded Date: Jan 12, 2018

Founder: Pranay Chulet, Jiby Thomas

User Base: 10M+ Play Store Download With 4.2/5 Ratings 

About the startup

Quikr is an online marketplace and advertising platform headquartered in Bangalore. The platform has listings in more than 1000 cities under categories such as smartphones, household goods, cars, jobs, services, etc. 

What’s in it for us!

Looking to buy or sell something online?

Quikr might help you do so!

You can purchase whatever you want at the best possible prices. Also, you can list the goods that you want to sell for free. However, you might require the paid feature to contact the interested customers. The platform has every option that you might want to purchase and sell.


Quikr has raised a total funding amount of $424.2M until now with the last funding type being debt financing.

Why do we have this startup in the top 10?

Quikr is a one-stop-shop for all the needs and requirements. It is an amazing online platform where anybody can sell or purchase anything that they want. Thus, the startup cannot be excluded from the list.

See Also: Best 10 Manufacturing Business Ideas In India 2020

Quikr Founder Pranay Chulay
Image Source: Quikr News | Pranay Chulet (Founder, Quikr)

7. InCred

Founded Date: 2016

Founder: Bhupinder Singh

About the startup

InCred is a Non-banking Financial Company that uses technology and data science to make lending quick and easy. The company mainly focuses on providing a personal loan, education loan, SME business loan, and two-wheeler loan.

What’s in it for us!

Looking for quick and easy loans?

InCred can provide them to you!

InCred provides an instant loan sanction system with online loan account management. Also, no branch visit is required which makes the process much more convenient.


InCred has raised a total funding amount of $254.4M until now with the last funding type being the Debt Financing.

Why do we have this startup in the top 10?

The startup has reinvented the money lending system and has made it much simpler and effective. Thus, the startup becomes one of the top 10 startups in Mumbai. 

InCred Founder Bhupinder Singh
Image Source: Yourstory | Bhupinder Singh (Founder, InCred)

8. PriceBaba

Founded Date: 2012

Founders: Tirthesh Ganatra, Annkur P Agarwal

About the startup

The online platform was aimed at providing price and specs comparisons of various products such as mobiles, laptops, washing machines, etc. The company was acquired by 99 mobiles in the year 2018 but was initially headquartered in Mumbai.

What’s in it for us!

Considering purchasing a new product and want to buy the best one in your budget?

PriceBaba is the place for you!

You can compare the prices of various products and gadgets to find the best one that fits your budget and needs. Also, the portal provides insights and rumors of the upcoming products that you might be interested in. The various categories covered are mobiles, laptops, tablets, air purifiers, TVs, refrigerators, washing machines, air conditioners, and more. 


The company has been acquired by 99 mobiles.

Why do we have this startup in the top 10?

Pricebaba can help you make the best decisions while purchasing products. Also, the comparisons are accurate with detailed information about the products. Thus, the startup could still be considered as one of the best startups that originated from Mumbai.

See Also: Top 10 Logistics Companies In India 2020

Annkur Agrawal, Founder Of PriceBaba
Image Source: MyVenture | Annkur Agrawal (Founder, PriceBaba)

9. Justdial

Founded Date: Nov 14, 1997

Founder: V.S.S Mani, V. Krishnan

Users: 100 million users (quarterly)  

About the startup

Justdial is an online portal that provides search results for different services through phone or web. The company is currently headquartered in Mumbai. You can easily search for anything, anywhere in India. 

What’s in it for us!

New to a place and looking for some facilities? Justdial can help you out!

Be it hotel booking, chemist, baby care, etc., Justdial can provide you with the best and the closest options to your locality. Also, the portal has reviews and rating system that will help you choose the best and the most suitable of all.    


Justdial has raised a total funding amount of $85M till now with the last funding type being the “Post IPO-Equity”.

Why do we have this startup in the top 10?

Justdial has been ranked as India’s no.1 local search engine that provides detailed and accurate information for various services. The user base is exponentially growing with time. Thus, the startup finds itself on the list.

JustDial Founder VSS Mani
Image Source: Whizsky | VSS Mani (Founder, JustDial)

10. Crowdfire

Founded Date: 2010

Founders: Nischal Shetty, Anirudh Khusape, Sameer Mhatre, and Siddharth Menon

User base: 19M+ global users

About the startup

Crowdfire is a social media managing tool for creators, self-starters, and solopreneurs around the world. It helps in managing multiple social accounts from one place. Also, it helps in pre-scheduling the publishing of your content saving a lot of time and effort.    

What’s in it for us!

Frustrated through updating your business social media regularly? Crowdfire can do the job for you!

It can help you publish the posts on a specific date and time chosen by you. Also, it customizes your post feed according to your relevancy and interests saving you a lot of precious time. It is an all in one social media solution that can help you expand your business and gain customers.


Crowdfire has raised a total funding amount of $2.5M until now with the last funding type being the “Series A” funding.

Why do we have this startup in the top 10?

Crowdfire is helping many small businesses and solopreneurs to reach out to the right audience. The startup idea is exceptional and thus, the startup cannot be left out from the list.

Nischal Shetty, Founder Of CrowdFire
Image Source | Nischal Shetty (Founder, CrowdFire)

Concluding Thoughts

The above-listed startups have been witnessing huge growth in the market. Moreover, the interested investors of these startups have been increasing day by day.

It can easily be said that these startups from Mumbai are changing the innovation game.

See Also: Top 10 Startups In Bangalore 2020