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Mumbai is India’s financial capital and main commercial center. The city accounts for 25% of the country’s industrial output, and 70% of its maritime trade and capital transactions. Mumbai is home to the main Indian stock exchange, the Reserve Bank of India and a large portion of foreign and domestic banks HQ’s.

Given this volume, Mumbai is one of India’s top-3 innovation hubs (the others being Bengaluru and Delhi NCR). However, Mumbai investors are generally more focused on bonds and stock rather than venture capital as compared to Bengaluru. Nonetheless, Mumbai is probably the main Fintech-hub of India, due to the strong presence of banks and financial institutions.

Mumbai is considered India’s most cosmopolitan city, rich on culture and pleasant neighbourhoods. It’s also India’s most expensive city.


Reasons to go
  • India’s financial capital, with a strong Fintech scene
  • India’s most cosmopolitan city, with strong corporate presence and international connectivity
  • English spoken, more or less everywhere
  • Relatively easy access to key stakeholders and decision makers
Key sectors
  • Fintech
City clusters
  • Powai, Andheri, Bandra-Kurla Complex
  • All
  • Funding - Mumbai
  • Programs - Mumbai
  • Resources - Mumbai

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