About Cybersecurity sector in India
The Cybersecurity sector in India comprises 1.61K companies, including 253 funded companies having collectively raised $1.42B in venture capital money and private equity. Out of these, 56 are Series A+ funded, and 2 have achieved unicorn status.
Cybersecurity sector in India has seen 26 acquisitions and 4 IPOs.
This sector includes products and cloud-based services which detect, prevent, protect and respond to cyber threats and attacks on businesses, government organizations or individuals/consumers.
Cybersecurity sector is also known as Information Security or Privacy Enhancing Technology.
Companies providing cyber security products (or cloud-based services) for enterprises, government organizations (B2B) or consumers (B2C).
Personal Security, Physical Security, Surveillance, GRC, Consulting, Resellers and services only.
Top Cybersecurity Companies in India
There are 1,608 Cybersecurity startups in India which include Druva, Seclore, IDfy, Mantra Softech, HyperVerge. Out of these, 253 startups are funded, with 56 having secured Series A+ funding, and 2 achieving unicorn status.
Over the past 10 years, an average of 97 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIT Kharagpur and IIT Bombay.
Here is the list of top Cybersecurity startups in India
1. Druva
Provider of cloud-based platform for data protection, security, and governance. The platform delivers cyber resilience, automated threat response, and data recovery. It offers data protection, cyber response and recovery, and eDiscovery and compliance capabilities. The platform supports public cloud, hybrid cloud, SaaS applications, and endpoint environments.
Key facts about Druva
- Founded Year: 2008
- Location: Santa Clara (United States)
- Stage: Series H
- Total Funding till date: $475M
- Investors: Viking Global Investors, Peak XV Partners and 41 Others
- Latest Funding Round: Series H, Apr 19, 2021, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 3 of 1,807 Competitors
2. Seclore
Provider of enterprise data security software. The platform facilitates discovery, classification, protection, monitoring, and tracking of sensitive digital assets. It offers solutions for email encryption, digital rights management, and risk insights. The software integrates with existing data loss prevention, cloud access security brokers, and security information and event management tools. It helps organizations meet regulatory requirements and prevent unauthorized data access.
Key facts about Seclore
- Founded Year: 2008
- Location: Mumbai (India)
- Stage: Series D
- Total Funding till date: $50.2M
- Investors: Helion Venture Partners, Ventureast and 39 Others
- Latest Funding Round: Series D, 2025, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 4 of 741 Competitors
3. IDfy
Provider of identity verification, background screening, fraud prevention, and risk solutions. They offer a suite of APIs for identification, verification, and onboarding. The company provides video solutions for remote verification and onboarding processes. It delivers technology-driven solutions for background screening, along with a no-code platform for onboarding journeys. They offer fraud and risk solutions, including transaction intelligence and legal history checks.
Key facts about IDfy
- Founded Year: 2010
- Location: Mumbai (India)
- Stage: Series E
- Total Funding till date: $38.4M
- Investors: Blume Venture, New Enterprise Associates and 36 Others
- Latest Funding Round: Series E, May 30, 2024, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 5 of 2,654 Competitors
Biometrics-based security and surveillance solutions. It provides users with a platform that offers products in biometric and RFID industry. Its product portfolio includes fingerprint sensors, IRIS sensor, integrated fingerprint devices, integrated IRIS devices, POS, MicroATM, Financial Terminal, IRIS recognition in mobile and other biometric devices. Its security solutions include business security systems, enterprise security solution, integrated security solution, access control system, smart city solution, airport solution, suitable for application in both SME and large enterprises. It also provides citizen identification system, and biometric products for aadhar product. Its application is available on the Android platform.
Key facts about Mantra Softech
- Founded Year: 2006
- Location: Ahmedabad (India)
- Stage: Series A
- Total Funding till date: $14.2M
- Investors: India SME Investments, Motilal Oswal and 3 Others
- Latest Funding Round: Series A, Jul 31, 2025, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 3 of 2,484 Competitors
5. HyperVerge
Developer of AI-powered automation software for small business lending processes. The platform provides tools for identity verification, document analysis, and risk assessment. It offers features such as optical character recognition, fraud detection, and compliance monitoring. The software aims to streamline underwriting, improve accuracy, and accelerate loan application workflows.
Key facts about HyperVerge
- Founded Year: 2014
- Location: Palo Alto (United States)
- Stage: Seed
- Total Funding till date: $1M
- Investors: New Enterprise Associates, Naya Ventures and 5 Others
- Latest Funding Round: Seed, Aug 18, 2015, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 7 of 1,422 Competitors
Companies founded year-on-year in the Cybersecurity sector in India
248 Cybersecurity startups in India were founded in 2020 - 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 | 33 |
2024 | 73 |
2023 | 78 |
2022 | 71 |
2021 | 111 |
2020 | 248 |
2019 | 132 |
2018 | 106 |
2017 | 118 |
Stage-wise distribution of Cybersecurity sector companies in India
Out of the total 1,608 Cybersecurity companies in India, 253 have secured funding. Among them, 56 have reached Series A or higher, and 40 to Series B or beyond.
Founded - 1,608
Funded - 253
Series A+ - 56
Series B+ - 40
Series C+ - 34
Company Stage | No. of companies |
|---|---|
Founded | 1,608 |
Funded | 253 |
Series A+ | 56 |
Series B+ | 40 |
Series C+ | 34 |
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Funding Trends in the Cybersecurity sector in India
Total funding year-on-year in the Cybersecurity sector in India
The Cybersecurity sector in India saw a total funding of more than $1.14B in the last 10 years. The most amount of funding was in 2022 at more than $209M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $107M |
2024 | $126M |
2023 | $88M |
2022 | $209M |
2021 | $190M |
2020 | $37.9M |
2019 | $193M |
2018 | $18.2M |
2017 | $106M |
Recent Funding Rounds in Cybersecurity in India
In the year 2025, till November 2025, Cybersecurity companies in India have raised $107M in equity funding across 25 rounds.
In the same period last year (i.e. till November 2024), Cybersecurity companies in India had raised $126M across 28 rounds.
So, 2025 has seen a 15.28% drop in funding in Cybersecurity companies in India as compared to 2024.
Here are some recent, important funding rounds in Cybersecurity companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4991 | Nov 07, 2025 | ||
Seed | 3746 | Oct 28, 2025 | ||
Seed | 7484 | Oct 15, 2025 | ||
Series A | 6118 | Oct 09, 2025 | ||
Series D | 7597 | 2025 |
Top Investors in Cybersecurity in India
Accel is the top investor in Cybersecurity companies in India based on number of companies invested.
Here are some top investors in Cybersecurity companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | - | |
Redwood City (United States) | Protectt.ai and Perfios | |
Menlo Park (United States) | - | |
Cambridge (United States) | - | |
Menlo Park (United States) | - |
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M&A activity in Cybersecurity sector in India
In the year 2025, till June 2025, 2 acquisitions happened in Cybersecurity sector in India. Last year, in 2024, a total of 2 acquisitions happened in Cybersecurity sector in India.
Here are some recent, important acquisitions in Cybersecurity sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 12, 2025 | ||
Business Acquisition | Feb 07, 2025 | ||
Business Acquisition | Feb 21, 2024 | ||
Business Acquisition | Jan 03, 2024 | ||
Business Acquisition | Feb 22, 2023 |
Acquisition trends in Cybersecurity sector in India
Here are the acquisition trends in Cybersecurity sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 2 |
2023 | 1 |
2022 | 3 |
2021 | 2 |
2020 | 1 |
2019 | 6 |
2018 | 2 |
2017 | 3 |
IPOs in Cybersecurity in India
In the year 2022, till June 2022, 1 IPO happened in Cybersecurity sector in India.
Here are some recent, important IPOs in Cybersecurity sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 01, 2022 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Feb 18, 2016 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Jan 05, 2007 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
May 05, 2000 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Cybersecurity companies in India
Companies founded by alumni from top colleges in the Cybersecurity in India
Most number of Cybersecurity startups in India have been founded by alumni from BITS Pilani, IIT Kharagpur and IIT Bombay.
College | No. of companies |
|---|---|
BITS Pilani | 20 |
IIT Kharagpur | 19 |
IIT Bombay | 14 |
IIT Kanpur | 13 |
IIM Bangalore | 12 |
IIT Madras | 12 |
IIM Ahmedabad | 11 |
IIT Delhi | 11 |
IIT Roorkee | 9 |
Indian School of Business | 8 |
Total funding in Cybersecurity companies founded by alumni from top colleges in India
In the last 10 years, IIT Bombay graduates' Cybersecurity companies in India have raised the most funding among top colleges. IIT Guwahati alumni are second, and IIT Kharagpur alumni are third.
College | Total Funding |
|---|---|
IIT Bombay | $601M |
IIT Guwahati | $475M |
IIT Kharagpur | $400M |
IIT Kanpur | $275M |
IIT Delhi | $66.5M |
BITS Pilani | $56.7M |
National University of Singapore (NUS) | $53.5M |
University of Pennsylvania | $39.2M |
Indian School of Business | $39M |
University of Delhi | $30.9M |
Top News in Cybersecurity in India
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Protectt.ai Launches AI-Powered Fraud Prevention SolutionBusiness Wire India•Apr 30, 2025•Protectt.ai
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AuthBridge Launches India’s Largest AI-Powered ID Verification SuiteCyberMedia India Online•Apr 24, 2025•AuthBridge
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Hippo Video Launches AI Agent to Automate Personalized Video CreationMarTech Series•Apr 24, 2025•Hippo Video
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Indusface Report: Over 7.15 Billion Cyberattacks Blocked in India in 2024Express Computer•Apr 16, 2025•Indusface
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Indian startup QNu Labs develops platform to help enterprises protect critical infraIndiatimes•Apr 15, 2025•QNu Labs
