About GovTech sector in Bengaluru, India
The GovTech sector in Bengaluru, India comprises 20 companies, including 8 funded companies having collectively raised $52.6M in venture capital money and private equity. Out of these, 4 are Series A+ funded.
GovTech sector in Bengaluru, India has seen 1 acquisition and 1 IPO. This represents almost 10.0% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes government technologies are digital solutions developed for governments and public sector agencies at various levels, for automating their operations and service delivery mechanisms.
GovTech sector is also known as Government Tech or Government Software Tech.
Companies included in GovTech
Companies providing software tools that help public agencies and governments in administration (budgeting, taxation, public procurement, election management) and service delivery. Also included are software and tools that enable communication between citizens and government, empowering citizens to participate in the government decision-making process.Companies excluded in GovTech
Consulting companies, service providers, resellers, system integrators, solutions for smart cities and utilities, tools and solutions for the education sector and horizontal solutions with the government market being one of the vertical.Top GovTech Companies in Bengaluru, India
There are more than 20 companies in GovTech in Bengaluru, India. EMudhra is the top GovTech company in Bengaluru, India, ranked using Tracxn Score (what's this?).
Here are 5 of the top GovTech companies in Bengaluru, India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of digital signature certificates, PKI, and e-signature solutions | Bengaluru (India) | 2008 | Public | $26.2M | |
Developer of modular, open-source platform for building digital identity systems | Bengaluru (India) | 2018 | Early Stage | $16M | |
Cloud based RTI fillings management solutions provider | Bengaluru (India) | 2014 | Seed | $234K | |
Technology platform that enables users to access information on government and private welfare schemes | Bengaluru (India) | 2015 | Seed | $3.29M | |
Online social network for civic issues | Bengaluru (India) | 2012 | Unfunded | - |
Companies founded year-on-year in the GovTech sector in Bengaluru
3 GovTech startups in Bengaluru were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | - |
2023 | 1 |
2022 | - |
2021 | - |
2020 | 2 |
2019 | 2 |
2018 | 3 |
2017 | - |
2016 | 3 |
Stage-wise distribution of GovTech sector companies in Bengaluru
Out of the total 20 GovTech companies in Bengaluru, 8 have secured funding. Among them, 4 have reached Series A or higher, and 2 to Series B or beyond.
Founded - 20
Funded - 8
Series A+ - 4
Series B+ - 2
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 20 |
Funded | 8 |
Series A+ | 4 |
Series B+ | 2 |
Series C+ | 2 |
Funding Trends in the GovTech sector in Bengaluru
Total funding year-on-year in the GovTech sector in Bengaluru
The GovTech sector in Bengaluru saw a total funding of more than $52.6M in the last 10 years. The most amount of funding was in 2022 at more than $26.3M.
- Total Funding
Year | Total Funding |
|---|---|
2023 | $1.74M |
2022 | $26.3M |
2021 | $930K |
2020 | $449K |
Recent Funding Rounds in GovTech in Bengaluru
In the year 2023, till April 2023, GovTech companies in Bengaluru have raised $1.74M in equity funding across 2 rounds.
Here are some recent, important funding rounds in GovTech companies in Bengaluru:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9181 | Apr 25, 2023 | ||
Angel | 8325 | Jan 10, 2023 | ||
Seed | 1194 | Jun 01, 2022 | ||
Series A | 6667 | May 05, 2022 | ||
Seed | 2605 | Jun 03, 2021 | and 7 more |
Top Investors in GovTech in Bengaluru
General Catalyst is the top investor in GovTech companies in Bengaluru based on number of companies invested.
Here are some top investors in GovTech companies in Bengaluru:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Cambridge (United States) | - | |
Palo Alto (United States) | - | |
Bengaluru (India) | - | |
San Jose (United States) | - | |
San Diego (United States) | - |
M&A activity in GovTech sector in Bengaluru
In the year 2011, till June 2011, 1 acquisition happened in GovTech sector in Bengaluru.
Here are some recent, important acquisitions in GovTech sector in Bengaluru:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 10, 2011 |
IPOs in GovTech in Bengaluru
In the year 2022, till June 2022, 1 IPO happened in GovTech sector in Bengaluru.
Here are some recent, important IPOs in GovTech sector in Bengaluru:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 01, 2022 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) |
Colleges which produce the most GovTech companies in Bengaluru
Companies founded by alumni from top colleges in the GovTech in Bengaluru
Most number of GovTech startups in Bengaluru have been founded by alumni from IIM Ahmedabad, IIT Bombay and IIT Delhi.
College | No. of companies |
|---|---|
IIM Ahmedabad | 1 |
IIT Bombay | 1 |
IIT Delhi | 1 |
Total funding in GovTech companies founded by alumni from top colleges in Bengaluru
In the last 10 years, IIM Ahmedabad graduates' GovTech companies in Bengaluru have raised the most funding among top colleges. IIT Bombay alumni are second.
College | Total Funding |
|---|---|
IIM Ahmedabad | $3.29M |
IIT Bombay | $234K |
IIT Delhi | - |
Top News in GovTech in Bengaluru
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Sharekhan partners with NeSL to fully digitise demat account openingOdishaDiary•Oct 05, 2023•Sharekhan, NeSL, EMudhra
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eMudhra launches emSign; becomes the first and only Indian provider to issue SSL/TLS certificates globallyExpress Computer•Feb 07, 2023•EMudhra
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eMudhra Standalone June 2022 Net Sales at Rs 34.55 crore, up 0.57% Y-o-YMoneycontrol•Jul 25, 2022•EMudhra
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eMudhra consolidated net profit rises 45.16% in the March 2022 quarteruserwalls.news•Jun 13, 2022•EMudhra
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Integrated Biometrics completes compliance testing to MOSIP security standardBiometricUpdate.com•Apr 28, 2022•Integrated Biometrics, MOSIP
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Ingram Micro Signs Distribution Agreement with eMudhra for emSigner.NCNOnline•May 24, 2021•Ingram Micro, EMudhra