How many total Government Entities companies are there in Asia?

As of July 2026, Asia has 5655 active Government Entities companies.

How many Government Entities companies in Asia are funded?

As of July 2026, 405 companies have received funding in this sector.

What is the total funding raised by Government Entities companies in Asia?

Government Entities companies in Asia have collectively raised $7.12B in funding till date.

Which is the highest funded Government Entities company in Asia?

As of July 2026, Greyorange has raised $40M in funding, highest among the funded Government Entities companies in Asia.

List of 5,737 Government Entities Startups in Asia & Market Trends (Jul 2026)

Q: Who are the top investors in Government Entities companies in Asia?

The top investors in Government Entities companies in Asia by number of investments are BIRAC and Aic Gisc.

The Government Entities sector in Asia comprises 5.74K companies, including 405 funded companies having collectively raised $7.12B in venture capital money and private equity. Out of these, 87 are Series A+ funded.

Government Entities sector in Asia has seen 16 acquisitions and 59 IPOs.

This sector includes organized industry participants, diversified corporate holding platforms, institutional networks, or operational networks structured to participate within or advance goals for the Government Entities vertical.

Government Entities sector is also known as Government Entities Groups, Government Entities Corporations or Registered Government Entities Frameworks.

Includes core holding units, registered operational organizations, and institutional infrastructure components dedicated to Government Entities functions. Excludes independent external contractors without affiliation, individual personal accounts, and software vendors offering horizontal non-sector tools.

Key Metrics

Total Companies

5.74K

Top Companies

NTPC, BHIM & more

Total Funding

$7.12B

Funded Companies

405

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

Also known as

Government Entities Groups or Government Entities Corporations

View complete details of this sector

There are 5,737 Government Entities startups in Asia which include NTPC, BHIM, Government of Maharashtra, IREDA, Ministry of Electronics & Information Technology. Out of these, 405 startups are funded, with 87 having secured Series A+ funding.

2026 has seen the creation of 7 Government Entities startups in Asia. Over the past 10 years, an average of 28 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, London School of Economics and Political Science and Tsinghua University.

1. NTPC

Government entity engaged in the generation of electricity and allied activities. India's largest power conglomerate and corporation have diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilization, and coal mining as well. In 2022, the company recorded annual revenues of $21.5B and a net profit of $2.19B.

Key facts about NTPC

Founded Year: 1975
Location: Delhi (India)
Stage: Public
Investors: SBI and Canara Bank
Latest Funding Round: Conventional Debt, Apr 05, 2019, $*****
Tracxn Score: 73/100 What is this?

2. BHIM

Provider of a mobile UPI-based payment application. This application facilitates quick and easy financial transactions using the Unified Payments Interface. Users can send and receive money using UPI IDs or QR codes, enabling direct bank payments. The application promotes financial inclusion by simplifying digital transactions. It offers a secure and user-friendly interface for peer-to-peer and merchant payments. The platform was developed to enable simple, quick, and easy transactions.

Key facts about BHIM

Founded Year: 2005
Location: Mumbai (India)
Stage: Unfunded
Tracxn Score: 69/100 What is this?

View full list of companies in this sector

3. Government of Maharashtra

Key facts about Government of Maharashtra

Founded Year: 2002
Location: Mumbai (India)
Stage: Unfunded
Tracxn Score: 68/100 What is this?

4. IREDA

Key facts about IREDA

Founded Year: 1987
Location: Delhi (India)
Stage: Public
Latest Funding Round: Post IPO, Jun 11, 2025, $*****
Tracxn Score: 67/100 What is this?

5. Ministry of Electronics & Information Technology

Provider of government programs access and development services. It is a ministerial agency responsible for formulating and implementing policies related to the development and promotion of the electronics and information technology sectors.

Key facts about Ministry of Electronics & Information Technology

Founded Year: 1991
Location: Delhi (India)
Stage: Unfunded
Tracxn Score: 64/100 What is this?

Access the full list of 5,737 Government Entities Startups in Asia

Companies founded year-on-year in the Government Entities sector in Asia

7 new startups have been founded so far in 2026 in the Government Entities sector in Asia. 56 Government Entities startups in Asia were founded in 2019 - 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	7
2025	-
2024	10
2023	17
2022	22
2021	31
2020	50
2019	56
2018	52
2017	42

Stage-wise distribution of Government Entities sector companies in Asia

Out of the total 5,737 Government Entities companies in Asia, 405 have secured funding. Among them, 87 have reached Series A or higher, and 80 to Series B or beyond.

Founded - 5,737

Funded - 405

Series A+ - 87

Series B+ - 80

Series C+ - 78

Company Stage	No. of companies
Founded	5,737
Funded	405
Series A+	87
Series B+	80
Series C+	78

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Total funding year-on-year in the Government Entities sector in Asia

The Government Entities sector in Asia saw a total funding of more than $5.49B in the last 10 years. The most amount of funding was in 2019 at more than $2.03B. There has been a total funding of $31.7M in 2026 till date.

Total Funding

Year	Total Funding
2026	$31.7M
2025	$360M
2024	$8.62M
2023	$16.2M
2022	$38.5M
2021	$94.3M
2020	$47.5M
2019	$2.03B
2018	$1.45B
2017	$1.42B

Recent Funding Rounds in Government Entities in Asia

In the year 2026, till May 2026, Government Entities companies in Asia have raised $31.7M in equity funding across 2 rounds.

Here are some recent, important funding rounds in Government Entities companies in Asia:

Company	Round Raised	Amount Raised	Funding Date	Investors
Shanghai Qiaotian Intelligent Equipment	Series A	8918	May 26, 2026	National Industrial Mother Machine Industry Investment Fund ... Read more
Shizen Connect	Series A	4023	May 26, 2026	BIPROGY and 5 more
Robot	Series B	4616	Aug 28, 2025	-
Robot	Series A	1734	Dec 31, 2024	-
Yanhuang	Series A	2128	Dec 22, 2022	Meihua Group

See a more detailed list of funding rounds

BIRAC is the top investor in Government Entities companies in Asia based on number of companies invested.

Here are some top investors in Government Entities companies in Asia:

Investor	Location	Top Portfolio Companies
BIRAC	Delhi (India)	Kavi Krishna Lab
Aic Gisc	Ahmedabad (India)	Gujarat Government, DCMSME and Student Startup and Innovation Policy
Bank of Maharashtra	Pune (India)	NPCI and Yamuna Expressway
UBERIS	Phnom Penh (Cambodia)	-
UpWest	Palo Alto (United States)	-

See a more detailed list of investors

In the year 2024, till February 2024, 1 acquisition happened in Government Entities sector in Asia. Last year, in 2023, a total of 2 acquisitions happened in Government Entities sector in Asia.

Here are some recent, important acquisitions in Government Entities sector in Asia:

Company	Acquisition Type	Acquisition Date	Acquirers
SmartGov	Business Acquisition	Feb 01, 2024	Granicus
MIDA	Business Acquisition	Nov 07, 2023	Wide Group
GRICL	Business Acquisition	Aug 10, 2023	Vertis
KAI Commuter	Business Acquisition	Oct 19, 2022	Jakartamrt
GRICL	Business Acquisition	Aug 05, 2022	Adani Enterprises

See a more detailed list of acquisitions

Acquisition trends in Government Entities sector in Asia

Here are the acquisition trends in Government Entities sector in Asia:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	1
2023	2
2022	2
2021	-
2020	1
2019	-
2018	3
2017	2

In the year 2023, till November 2023, 3 IPOs happened in Government Entities sector in Asia.

Here are some recent, important IPOs in Government Entities sector in Asia:

Company	IPO Date	Exchange Symbol
IREDA	Nov 29, 2023	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
KOKOH CITY	Oct 07, 2023	Indonesia Stock Exchange (IDX)
BEML Land Assets	Apr 21, 2023	National Stock Exchange (NSE), Bombay Stock Exchange (BSE)
IRFC	Jan 29, 2021	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
RVNL	Nov 04, 2019	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Government Entities in Asia

Most number of Government Entities startups in Asia have been founded by alumni from BITS Pilani, London School of Economics and Political Science and Tsinghua University.