About Mining Tech sector in India
The Mining Tech sector in India comprises 39 companies, including 6 funded companies having collectively raised $1.95M in venture capital money and private equity.
This sector includes companies which provide technology solutions including software applications, new-age hardware and tech-enabled services across the mining value chain.
Mining Tech sector is also known as Smart Mining.
Companies which provide software solutions for exploration, mine planning, operations, refinery, inventory management, supply chain management and also general management solutions for mining like finance and accounting, HR, health safety and compliance, data and analytics, and simulators. Also included are companies providing tech-enabled services through proprietary hardware such as drill rig alignment technology, communication technologies, etc. Companies that manufacture traditional equipment, business services companies in staffing, marketing, IT services, consulting and online listing platforms for software/hardware products are excluded.
Top Mining Tech Companies in India
There are 39 Mining Tech startups in India which include Cognecto, Tecknotrove Systems, AquilaFMS, Bidaal, GeoMine. Out of these, 6 startups are funded.
Over the past 10 years, an average of 1 new company has been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, IIM Calcutta and IIT Kharagpur.
Here is the list of top Mining Tech startups in India

1. Cognecto
Online platform offering integrated fleet equipment site and personnel visibility. It connects vehicles, machinery, worksites, and teams in a unified system to deliver comprehensive operational insight. The platform collects data from IoT sensors, mobile inputs, and telematics and applies AI to monitor asset status, routing, scheduling, and performance. It supports industries such as mining, construction, logistics, and infrastructure by generating real‑time analytics.
Key facts about Cognecto
- Founded Year: 2020
- Location: Bengaluru (India)
- Stage: Seed
- Total Funding till date: $487K
- Investors: Inflection Point Ventures, Zynk Labs and 4 Others
- Latest Funding Round: Seed, Mar 28, 2023, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 2 of 52 Competitors
Provider of advanced training simulators and VR-based simulation solutions for critical industries. The company designs and manufactures domain-specific simulators—such as for aviation pushback, baggage handling, truck driving, mining excavators, and defense combat training—combining immersive virtual reality with simulation software. It also develops operator training labs that simulate heavy equipment and industrial scenarios for safety, efficiency, and skill development. Its offering includes hardware-integrated systems, autonomous training workflows, and interactive learning tools that eliminate dependency on physical infrastructure. Targeted at sectors like aviation, mining, defense, automotive, nuclear, logistics, and construction, the platform supports scenario-based learning, remote monitoring, and skill assessment. The model integrates custom simulator development, VR experiences, and training services under a bundled delivery framework.
Key facts about Tecknotrove Systems
- Founded Year: 2002
- Location: Mumbai (India)
- Stage: Unfunded
- Tracxn Score: 38/100 What is this?
- Competitors Rank: 25 of 362 Competitors
3. AquilaFMS
AquilaFMS is an online GPS-enabled fleet management solution. Features offered by the solution include real-time vehicle tracking, trip management, geofencing, fuel management, alert/OBD Dashboard, vehicle & driver management, vehicle performance reporting, automated trip creation & route assignment. Bosch, Uber, OLA, Rolta, MapMyIndia, Escorts, Ministry of Defence, Indian Air Force, and Mysore Minerals constitute their clientele.
Key facts about AquilaFMS
- Founded Year: 2012
- Location: Bengaluru (India)
- Stage: Unfunded
- Tracxn Score: 38/100 What is this?
- Competitors Rank: 4 of 26 Competitors

4. Bidaal
Cloud-based suite solutions for the heavy industries. It offers AIOT solutions to the heavy industry. It provides digital surveillance and monitoring of heavy industries through different products. The product modules include semi-autonomous surveying equipment, smart traffic management systems for heavy machinery and mine plant, construction workers, radar-based proximity warning systems and post-mining geo-tagging services. The products and services manage the safety of industrial operations happening due to hazards and accidents.
Key facts about Bidaal
- Founded Year: 2020
- Location: Faridabad (India)
- Stage: Seed
- Total Funding till date: $1.07M
- Investors: TEXMiN, Arali Ventures and 5 Others
- Latest Funding Round: Seed, Oct 15, 2024, $*****
- Tracxn Score: 37/100 What is this?
- Competitors Rank: 6 of 42 Competitors
5. GeoMine
GeoMine is a mobile & cloud-based solution for the officials of geology and mining department to regulate and monitor mining activities. Its features include automate and perform inspections, track violations, pin and heat maps, ownership data, digital maps and other details, communication of notices, workflow management, management of royalty payments, data export, MIS, reporting, GPS-based attendance, etc.
Key facts about GeoMine
- Founded Year: 2015
- Location: Ahmedabad (India)
- Stage: Unfunded
- Tracxn Score: 31/100 What is this?
- Competitors Rank: 11 of 60 Competitors
Companies founded year-on-year in the Mining Tech sector in India
5 Mining Tech 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 | - |
2024 | - |
2023 | 1 |
2022 | 2 |
2021 | 2 |
2020 | 5 |
2019 | - |
2018 | 2 |
2017 | 3 |
Funding Trends in the Mining Tech sector in India
Total funding year-on-year in the Mining Tech sector in India
The Mining Tech sector in India saw a total funding of more than $1.95M in the last 10 years. The most amount of funding was in 2024 at more than $1M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $1M |
2023 | $487K |
2022 | $217K |
Recent Funding Rounds in Mining Tech in India
In the year 2024, till October 2024, Mining Tech companies in India have raised $1M in equity funding across 1 round.
In the same period last year (i.e. till March 2023), Mining Tech companies in India had raised $487K across 1 round.
So, 2024 has seen a 105.49% rise in funding in Mining Tech companies in India as compared to 2023.
Here are some recent, important funding rounds in Mining Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 1142 | Oct 15, 2024 | and 2 more | |
Seed | 3736 | Mar 28, 2023 | ||
Seed | 8019 | May 12, 2022 | ||
Seed | 5169 | Feb 19, 2022 | ||
Seed | 8408 | Nov 05, 2015 | - |
Top Investors in Mining Tech in India
Cisco Investments is the top investor in Mining Tech companies in India based on number of companies invested.
Here are some top investors in Mining Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Jose (United States) | - | |
London (United Kingdom) | - | |
Boston (United States) | - | |
Coimbatore (India) | ||
Vasco da Gama (India) | - |
Colleges which produce the most Mining Tech companies in India
Companies founded by alumni from top colleges in the Mining Tech in India
Most number of Mining Tech startups in India have been founded by alumni from IIT Delhi, IIM Calcutta and IIT Kharagpur.
College | No. of companies |
|---|---|
IIT Delhi | 2 |
IIM Calcutta | 1 |
IIT Kharagpur | 1 |
IIT Roorkee | 1 |
Total funding in Mining Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Kharagpur graduates' Mining Tech companies in India have raised the most funding among top colleges. IIT Roorkee alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
IIT Kharagpur | $1.07M |
IIT Roorkee | $487K |
IIT Delhi | $245K |
IIM Calcutta | $151K |
Top News in Mining Tech in India
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