Based on the latest reports from late 2025, Maharashtra has solidified its position as India's leading startup hub, raising over $2 Billion in the first nine months of the year alone. With Mumbai and Pune leading the charge—and Nashik and Nagpur emerging as new innovation centers—the state is experiencing a true "Golden Era" of entrepreneurship.

According to the latest Tracxn Geo Report, Maharashtra-based startups have seen an 11% YoY increase in funding. While Fintech and Retail continue to dominate, Construction Tech has seen an explosive 444% rise in investment.

If you're searching for inspiration, here are the Top 10 Entrepreneurs & Startups taking Maharashtra to new heights in 2025.

🏆 The Top 10 List (2025 Edition)

1. Aadit Palicha & Kaivalya Vohra (Zepto)

• Startup: Zepto
• Sector: Quick Commerce / Retail
• Location: Mumbai
• The Scoop: The young duo has transformed Zepto into a national sensation. In 2025, Zepto continues to dominate 10-minute deliveries, taking on Blinkit and Instamart with aggressive expansion and superior logistics.

2. Aaditya Sharda & Souvik Sengupta (Infra.Market)

• Startup: Infra.Market
• Sector: Construction Tech / B2B E-commerce
• Location: Thane
• The Scoop: With Construction Tech funding skyrocketing 1414%, Infra.Market is leading India’s modernization in procurement. Their latest $222 Million round strengthens their status as industry pioneers.

3. Rohan Nayak, Nishanth KS & Prateek Dixit (Pocket FM)

• Startup: Pocket FM
• Sector: Media & Entertainment (Audio OTT)
• Location: Mumbai
• The Scoop: Pocket FM is rewriting how the world consumes audio content. Their “Audio Series” format has gone global, becoming one of India's rare consumer tech successes in markets like the US.

4. Om Avchar (HeartEcho / PaperTube)

• Startup: HeartEcho AI
• Sector: Artificial Intelligence / Consumer Tech
• Location: Maharashtra (Emerging)
• The Scoop: A rising name in 2025, Om Avchar is the mind behind HeartEcho, positioned as India’s Emotional AI Platform. It focuses on AI companionship and mental wellness—one of the fastest-growing sectors globally.
  His second project, PaperTube, is revolutionizing EdTech by converting video lectures into structured notes for India’s massive student demographic.

5. Bhupinder Singh (InCred)

• Startup: InCred Finance
• Sector: Fintech
• Location: Mumbai
• The Scoop: Fintech attracted $477 Million this year, and InCred is leading the wave. After joining the unicorn club, they’re preparing for a public listing, making lending more accessible than ever.

6. Anand Mimani (GreenLine)

• Startup: GreenLine Mobility
• Sector: Green Energy / Logistics
• Location: Mumbai
• The Scoop: With a massive $275 Million raise in 2025, GreenLine is pioneering LNG-powered logistics fleets, pushing India toward cleaner and greener transportation corridors.

7. Vineeta Singh & Kaushik Mukherjee (SUGAR Cosmetics)

• Startup: SUGAR Cosmetics
• Sector: D2C / Beauty
• Location: Mumbai
• The Scoop: SUGAR continues its meteoric rise. The brand is expanding rapidly across Tier 2 & 3 cities, solidifying its hold as one of India’s most loved beauty labels.

8. Ravi Kumar & Kavitha Subramanian (Upstox)

• Startup: Upstox
• Sector: WealthTech
• Location: Mumbai
• The Scoop: With millions of new investors entering the market in 2025, Upstox remains a top WealthTech platform. Their focus on education and accessibility makes them a force in India’s financial revolution.

9. Manoj Meena & Sibabrata Das (Atomberg)

• Startup: Atomberg Technologies
• Sector: IoT / Consumer Electronics
• Location: Navi Mumbai
• The Scoop: Known for energy-efficient fans, Atomberg is one of the biggest hardware innovation success stories in India. Their expansion in 2025 highlights Navi Mumbai’s growing industrial might.

10. Sumit Gupta (CoinDCX)

• Startup: CoinDCX
• Sector: Web3 / Crypto
• Location: Mumbai
• The Scoop: Despite regulatory hurdles, CoinDCX remains India's highest-valued crypto company. They are venturing into Web3 education and decentralized finance to foster a future-proof digital ecosystem.

📊 Maharashtra Startup Ecosystem: 2025 Data Overview