About Consumer Internet of Things sector in India
The Consumer Internet of Things sector in India comprises 1.33K companies, including 245 funded companies having collectively raised $1.09B in venture capital money and private equity. Out of these, 32 are Series A+ funded, and 1 has achieved unicorn status.
Consumer Internet of Things sector in India has seen 12 acquisitions and 2 IPOs.
This sector includes companies that offer physical personal devices such as smartphones, wearables, fashion items, smart home appliances, etc. that are connected to the internet and that collect and share data and can be used by end consumer and not businesses.
Includes companies offering IoT devices for consumers from industries like Smart Homes, Wearable Technology, Connected Vehicles, Retail, Healthcare, Food & Beverages, Financial Services, Agriculture, Sports, Cleaning, and Education Excludes companies offering IoT devices for industrial/enterprise applications and not consumers, and non-IoT devices for consumers. It also excludes service companies that provide smart solutions of other companies.
Top Consumer Internet of Things Companies in India
There are 1,331 Consumer Internet of Things startups in India which include Ultrahuman, boAt, Atomberg, DrinkPrime, Livpure. Out of these, 245 startups are funded, with 32 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 66 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Kharagpur, IIT Bombay and BITS Pilani.
Here is the list of top Consumer Internet of Things startups in India
1. Ultrahuman
A platform offering products to track metabolic health. It provides a metabolic fitness platform that helps users enhance the diet and exercise using glucose biomarkers and performance coaches. It offers innovative devices which tracks various health metrics such as sleep patterns, heart rate variability (HRV), and body temperature. It offers a real time nutrition and fitness tracking solution that is providing insights to help users manage their health daily.
Key facts about Ultrahuman
- Founded Year: 2019
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $55.3M
- Investors: Steadview, Nexus Venture Partners and 43 Others
- Latest Funding Round: Venture Debt, Nov 20, 2025, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 79 Competitors
2. boAt
Retailer of personal audio and wearable products, plus mobile accessories. The company provides various types of headphones, earphones, and earbuds. Also offered are smart watches, speakers, and related accessories. The company provides options for personalizing certain products.
Key facts about boAt
- Founded Year: 2016
- Location: Gurugram (India)
- Stage: Series C
- Total Funding till date: $171M
- Investors: Fireside Ventures, Malabar Investments and 60 Others
- Latest Funding Round: Angel, Feb 01, 2024, $*****
- Tracxn Score: 77/100 What is this?
- Competitors Rank: 1 of 118 Competitors
3. Atomberg
Provider of energy-efficient ceiling fans and smart home appliances. Offers ceiling fans, mixer grinders, water purifiers and more. Their products combine innovative technology with sleek design to enhance comfort and reduce energy consumption. They focus on sustainability and smart connectivity to improve user experience in homes.
Key facts about Atomberg
- Founded Year: 2012
- Location: Mumbai (India)
- Stage: Series C
- Total Funding till date: $151M
- Investors: Parampara Capital, A91 Partners and 22 Others
- Latest Funding Round: Series C, Dec 01, 2025, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 33 Competitors
4. DrinkPrime
Provider of water purification devices available through subscription plans and services. The company offers a range of water purification products utilizing multi-stage filtration. These products incorporate features such as sediment and carbon filters, RO membrane, UV lamp, mineraliser, and alkaline filter. The company provides options for tracking water consumption and filter health.
Key facts about DrinkPrime
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $17.1M
- Investors: 100Unicorns, Surge and 88 Others
- Latest Funding Round: Series B, May 07, 2024, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 40 Competitors
5. Livpure
Online brand offering water purifiers, mattresses, and home appliances. It offers a variety of water purification systems, including RO, UV, and UF technologies, along with rental options. The company also produces and sells a range of mattresses and bedding products, focusing on comfort and orthopedic support. It provides a selection of home appliances, such as air purifiers and kitchen appliances. The business model includes both direct sales and online retail channels.
Key facts about Livpure
- Founded Year: 2010
- Location: Gurugram (India)
- Stage: Series C
- Total Funding till date: $92.7M
- Investors: Multiples Alternate Asset Management, CLSA Capital Partners and 18 Others
- Latest Funding Round: Series C, Aug 21, 2024, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 2 of 42 Competitors
Companies founded year-on-year in the Consumer Internet of Things sector in India
142 Consumer Internet of Things startups in India were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 15 |
2023 | 26 |
2022 | 42 |
2021 | 66 |
2020 | 111 |
2019 | 122 |
2018 | 141 |
2017 | 142 |
Stage-wise distribution of Consumer Internet of Things sector companies in India
Out of the total 1,331 Consumer Internet of Things companies in India, 245 have secured funding. Among them, 32 have reached Series A or higher, and 22 to Series B or beyond.
Founded - 1,331
Funded - 245
Series A+ - 32
Series B+ - 22
Series C+ - 18
Company Stage | No. of companies |
|---|---|
Founded | 1,331 |
Funded | 245 |
Series A+ | 32 |
Series B+ | 22 |
Series C+ | 18 |
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Funding Trends in the Consumer Internet of Things sector in India
Total funding year-on-year in the Consumer Internet of Things sector in India
The Consumer Internet of Things sector in India saw a total funding of more than $1.02B in the last 10 years. The most amount of funding was in 2022 at more than $291M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $86.6M |
2024 | $85.5M |
2023 | $169M |
2022 | $291M |
2021 | $108M |
2020 | $133M |
2019 | $54.4M |
2018 | $34.5M |
2017 | $36.5M |
Recent Funding Rounds in Consumer Internet of Things in India
In the year 2025, till December 2025, Consumer Internet of Things companies in India have raised $64M in equity funding across 22 rounds.
In the same period last year (i.e. till December 2024), Consumer Internet of Things companies in India had raised $75.4M across 33 rounds.
So, 2025 has seen a 15.17% drop in funding in Consumer Internet of Things companies in India as compared to 2024.
Here are some recent, important funding rounds in Consumer Internet of Things companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9357 | Dec 11, 2025 | and 5 more | |
Series C | 5838 | Dec 01, 2025 | ||
Series B | 3594 | Nov 03, 2025 | ||
Seed | 1998 | Oct 31, 2025 | ||
Seed | 4075 | Oct 08, 2025 |
Top Investors in Consumer Internet of Things in India
Qualcomm Ventures is the top investor in Consumer Internet of Things companies in India based on number of companies invested.
Here are some top investors in Consumer Internet of Things companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Diego (United States) | ||
Delhi (India) | ||
Mumbai (India) | ||
Cambridge (United States) | - | |
Bengaluru (India) |
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M&A activity in Consumer Internet of Things sector in India
In the year 2022, till May 2022, 5 acquisitions happened in Consumer Internet of Things sector in India. Last year, in 2021, a total of 2 acquisitions happened in Consumer Internet of Things sector in India.
Here are some recent, important acquisitions in Consumer Internet of Things sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 2022 | ||
Business Acquisition | Apr 12, 2022 | ||
Business Acquisition | Mar 09, 2022 | ||
Business Acquisition | Mar 04, 2022 | ||
Business Acquisition | Feb 10, 2022 |
Acquisition trends in Consumer Internet of Things sector in India
Here are the acquisition trends in Consumer Internet of Things sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 5 |
2021 | 2 |
2020 | - |
2019 | 2 |
2018 | 1 |
2017 | 1 |
IPOs in Consumer Internet of Things in India
In the year 2016, till May 2016, 1 IPO happened in Consumer Internet of Things sector in India.
Here are some recent, important IPOs in Consumer Internet of Things sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
May 09, 2016 | National Stock Exchange (NSE) | |
Mar 13, 2008 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Mar 12, 2004 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Consumer Internet of Things companies in India
Companies founded by alumni from top colleges in the Consumer Internet of Things in India
Most number of Consumer Internet of Things startups in India have been founded by alumni from IIT Kharagpur, IIT Bombay and BITS Pilani.
College | No. of companies |
|---|---|
IIT Kharagpur | 23 |
IIT Bombay | 16 |
BITS Pilani | 13 |
IIT Delhi | 13 |
IIT Madras | 13 |
IIT Kanpur | 11 |
IIT Guwahati | 9 |
Indian School of Business | 8 |
Massachusetts Institute of Technology | 6 |
IIM Calcutta | 5 |
Total funding in Consumer Internet of Things companies founded by alumni from top colleges in India
In the last 10 years, IIT Kharagpur graduates' Consumer Internet of Things companies in India have raised the most funding among top colleges. IIT Bombay alumni are second, and Indian School of Business alumni are third.
College | Total Funding |
|---|---|
IIT Kharagpur | $371M |
IIT Bombay | $195M |
Indian School of Business | $185M |
Kellogg School of Management | $180M |
University of Delhi | $180M |
Harvard Business School | $117M |
Booth School of Business | $92.7M |
University of Chicago | $92.7M |
Harvard University | $83.5M |
IIM Bangalore | $83.3M |
Top News in Consumer Internet of Things in India
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VC-backed Atomberg aims for valuation premium in planned funding roundVCCircle•Sep 04, 2025•Atomberg
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Livpure partners with UniOne Group to launch 100+ brand stores across IndiaBusiness News This Week•Jun 13, 2025•Livpure, unione
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Abercrombie & Kent Expands Egyptian Small Group Journeys for Grand Egyptian Museum OpeningTravel Daily Media•Jun 10, 2025•Abercrombie and Fitch, Kent RO Systems
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boAt integrates TWID’s ‘Pay with Rewards’ technology to enhance the shopping experienceTvnews4u•May 16, 2025•TWID, boAt
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Smart fan maker Atomberg crosses Rs 1,000 crore in revenue in FY25
Moneycontrol•Apr 01, 2025•Atomberg
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Boat gears up to launch 'Storm Infinity Smartwatch' in India, expand tech offeringFashion Network•Mar 19, 2025•boAt
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