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Metro area · Asia

Pune

Metro area · India · Pop. 7.5M

A public taster of the full Pune ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

$36.8B+64%
Combined startup EV
$334.6M
VC invested (last 12mo)
515
Tracked startups
#137/ 199
Unicorns per 1M people · cities rank
🦄 Unicorns
7
7 live $1B+ companies
💎 Decacorns
1
$10B+ tier
🐎 Thoroughbreds
5
Top 1% growth · $500M+

Enterprise value · 2015–2025

Pune grew 28.6× since 2015

Combined enterprise value of every tracked startup headquartered in Pune that's still operating today — public and private companies combined, totalled by founding-year cohort.

0 $10B $20B $30B $40B Pune · $36.8B 2015 2018 2021 2024 2025

Adjacent cities by EV

Startup funnel

Pune's power-law funnel

From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.

Pre-Seed
135
Seed
67
Series A
45
Series B
14
Series C
13
Unicorn
6
Decacorn
1

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

Notable companies

Top private companies in Pune

Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.

Decacorns $10B+ valuation 1
Persistent Systems
Unicorns $1B+ valuation 6
XpressbeesIcertisDruvaElasticRunOneCardFirstCry
Thoroughbreds+ $100M+ revenue 5
Persistent SystemsElasticRunIcertisFirstCryDruva

Academia

Pune's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Pune.

University-linked startup formation
16
University spinouts
444
Total alumni-founded companies
310
Of which startups (<$15M raised)
104
Breakouts ($15M-100M)
30
Scaleups ($100M+)

Vs. similarly-sized ecosystems

How Pune stacks up

Peers chosen from the same country (India), sized closest to Pune by combined EV. The scatter plots growth × current size — outliers in the upper-right are ecosystems compounding fastest.

Combined enterprise value
$286B
$220B
$198B
Pune
$36.8B
$32.2B
$25.1B
$9.8B
$8.6B
EV growth (5-yr ×) vs current EV
peer median 11.1× 5.8× 9.9× 14.0× $8.6B $49.6B $286B EV growth (5yr ×) Combined enterprise value (log) Bengaluru Delhi Mumbai Pune

Top overview

India — top cities

Top cities in India ranked by combined EV. Pune's row is highlighted.

# Ecosystem Combined EV 5-yr EV growth Unicorns VC invested Tracked startups
1 Bengaluru $286B 6.2× 45 $5.4B 3,568
2 Delhi $220B 6.3× 29 $2.5B 2,363
3 Mumbai $198B 14.0× 25 $2.8B 1,982
4 Pune $36.8B 12.0× 7 $334.6M 515
5 Chennai $32.2B 6.0× 10 $582.9M 533
6 Hyderabad $25.1B 5.8× 2 $298.9M 636
7 Jaipur $9.8B 11.9× 0 $27.9M 126
8 Ahmedabad $8.6B 11.1× 2 $346M 248

Premium analytics

What we don't show on this page (yet)

Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Pune dataset — or see a sample on the Dealroom app.

Sector breakdown
Where Pune's unicorns concentrate
Fintech
AI / Enterprise SW
Health Tech
Biotech
Cybersecurity
Consumer
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Capital autonomy
Pune's domestic vs foreign capital mix
% domestic VC by stage
Cross-border lead investors
Sovereign-fund participation
Foreign-LP exposure
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Recent momentum
Pune's VC investment trajectory by stage
2024 vs 2025 by stage
Round-size trends
Stage-conversion deltas
Quarterly velocity
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Founder origins
Where Pune's startup founders come from
By country of origin
Per capita
Top universities
Top alumni-factory companies
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AI talent
Top employers of AI talent in Pune
Core AI roles
Frontier AI roles
YoY hiring growth
Senior + lead engineers
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Deal flow
Live deal flow & funding rounds in Pune
New rounds last 30 days
Stage breakdown
Active investors
Round-size trends
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