Product Based Companies in Hyderabad You Should Know About in 2026

Kathir • 9 min read

Hyderabad is one of India's most diverse tech ecosystems. The city has produced SaaS unicorns, India's first private space tech unicorn, IIT-incubated electric vehicle companies, and a growing layer of fintech, proptech, and cleantech product companies. Unlike Chennai's SaaS concentration or Pune's enterprise software identity, Hyderabad's product company story spans a wider range of domains.

This post covers 11 of them, three anchors that define the city's existing reputation, and eight emerging companies across very different categories. Each section includes the roles they actively hire for.

For a deeper look at Hyderabad's SaaS companies specifically, see our post on SaaS Companies in Hyderabad You Should Know About in 2026.

The Anchors

HighRadius (Founded 2006)

HighRadius builds an AI-powered autonomous finance platform for the office of the CFO, automating order-to-cash, accounts payable, treasury, and record-to-report processes for large enterprises. Founded in 2006 by Sashi Narahari, an IIT Madras alumnus, the company was bootstrapped for 11 years before raising its first external capital. It has since raised $484 million across four rounds, including a Series C led by ICONIQ Capital, confirmed by YourStory and FinTech Futures. Headquartered in Houston with its core engineering team at Raheja Mindspace, Madhapur, Hyderabad, the platform serves over 1,000 clients globally including Walmart, Nike, and Procter and Gamble.

Why it qualifies: Hyderabad is HighRadius's primary engineering centre. The product was built from Hyderabad, and the city remains the core of its engineering operations despite the US commercial headquarters.

Roles they hire for: Software engineers, data engineers, ML engineers, product managers, finance domain specialists, cloud engineers, QA engineers.

Zenoti (Founded 2010)

Zenoti builds cloud software for the wellness industry salons, spas, medical spas, fitness centres, and yoga studios, covering appointment booking, point of sale, payroll, inventory, marketing, and analytics on a single platform. Founded in 2010 by Sudheer Koneru and Dheeraj Koneru in Hyderabad, the company has raised a total of $331 million from investors including Advent International, Tiger Global, and Sofina, confirmed by Inc42. Zenoti is now headquartered in Bellevue, Washington, with a 500-person engineering office in Hyderabad. The platform is used by over 30,000 businesses across the US, UK, Australia, and the Middle East.

Why it qualifies: Zenoti was founded in Hyderabad and continues to run a significant engineering and operations centre here, serving a global customer base from the city.

Roles they hire for: Software engineers, backend engineers, full stack developers, data engineers, ML engineers, product managers, QA engineers.

Darwinbox (Founded 2015)

Darwinbox builds a cloud-based human capital management (HCM) platform covering recruitment, onboarding, performance management, payroll, and HR analytics with an AI and mobile-first design. Founded in 2015 by Rohit Chennamaneni, Chaitanya Peddi, Vineet Singh, and Jayant Paleti in Hyderabad, the company became the first Hyderabad-headquartered startup to achieve unicorn status after raising $72 million led by Technology Crossover Ventures in 2022, confirmed by Telangana Today. Total funding stands at approximately $308 million, with investors including Peak XV Partners, Microsoft, Salesforce Ventures, and KKR. The platform serves over 1,000 enterprises across 130+ countries including Swiggy, Myntra, Paytm, Dr. Reddy's, and Kotak Mahindra Bank.

Why it qualifies: Darwinbox is the most significant startup to be founded and headquartered in Hyderabad, with an engineering team of over 1,000 people based at Kavuri Hills.

Roles they hire for: Software engineers, backend engineers, AI engineers, data engineers, product managers, mobile developers, QA engineers, DevOps engineers.

The Emerging Layer

Skyroot Aerospace (Founded 2018)

Skyroot Aerospace builds small satellite launch vehicles rockets for the global commercial space market. Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka and incubated at T-Hub, Hyderabad, the company became India's first private space tech company to launch a suborbital rocket with Vikram-S in November 2022. Skyroot is preparing for Mission Aagaman, India's first private orbital launch attempt, with a window from July to August 2026 using its Vikram-I rocket. In May 2026, the company raised $60 million in a Series B co-led by Sherpalo Ventures and GIC, crossing a $1.1 billion valuation and becoming India's first space tech unicorn, confirmed by TechCrunch and YourStory. Total funding stands at $160 million from investors including Temasek, GIC, Arkam Ventures, and Playbook Partners. The company employs over 1,000 people at its 200,000 sq ft Infinity Campus in Hyderabad.

Why it qualifies: Skyroot is the most technically ambitious company to have come out of Hyderabad in recent years, building physical hardware for space, growing from zero to unicorn status in eight years from a Hyderabad campus.

Roles they hire for: Aerospace engineers, propulsion engineers, avionics engineers, software engineers, embedded systems engineers, mechanical engineers, manufacturing engineers, data engineers.

Zaggle (Founded 2011)

Zaggle is a spend management and fintech SaaS platform that helps businesses automate employee expense management, corporate payments, and rewards programmes through prepaid cards and SaaS dashboards. Founded in 2011 by Raj P Narayanam in Hyderabad, the company listed on NSE and BSE in September 2023. Zaggle reported revenue of Rs 1,330 crore in FY25, a 69.1% year-on-year increase, per YourStory. The platform serves over 3,600 corporate clients and 3.5 million users.

Why it qualifies: One of the few listed tech companies from Hyderabad, with Rs 1,330 crore in FY25 revenue and a SaaS plus fintech model combining software subscriptions with prepaid card infrastructure.

Roles they hire for: Software engineers, backend engineers, payments engineers, data engineers, product managers, QA engineers.

Keka (Founded 2016)

Keka builds an employee-centric HR platform covering payroll, attendance, recruitment, performance management, and project tracking for small and mid-sized businesses. Founded in 2016 by Vijay Yalamanchili in Hyderabad and bootstrapped for six years, the company raised India's largest SaaS Series A at $57 million from WestBridge Capital in November 2022, confirmed by The Economic Times and Keka's own press release. The platform serves over 10,000 businesses with more than 1 million employees on the platform, and reported revenue of Rs 162 crore in FY24 per Inc42.

Why it qualifies: Six years of bootstrapped growth before raising India's largest SaaS Series A is a rare and notable trajectory, and Keka remains genuinely Hyderabad-headquartered throughout.

Roles they hire for: Software engineers, backend engineers, full stack developers, mobile developers, data engineers, product managers, QA engineers.

PURE EV (Founded 2015)

PURE EV is an electric vehicle company incubated at IIT Hyderabad, manufacturing electric scooters, electric bikes, and lithium battery packs. Founded in 2015 by Dr. Nishanth Dongari, Associate Professor at IIT Hyderabad, and led by Rohit Vadera, an IIT Bombay alumnus, the company builds its vehicles at a 100,000 sq ft manufacturing facility adjacent to the IIT Hyderabad campus in Sangareddy. PURE EV has raised approximately $21.8 million to $43 million in total funding across multiple rounds from investors including Hindustan Media Ventures, Bennett Coleman, Ushodaya Enterprises, and V.C. Nannapaneni, with an IIT Hyderabad institutional investment confirmed by IIT Hyderabad's own press releases. The company has partnered with JioThings for connected EV technology and has entered the energy storage and Canadian market in 2025, per YourStory.

Honest framing: PURE EV is a hardware product company, not a software product company. Its products are physical electric vehicles and lithium batteries. It is included here because it is a genuine, IIT-incubated, Hyderabad-native product company building in a domain, electric mobility and battery technology that is meaningfully different from the SaaS and fintech companies that dominate most Hyderabad product company discussions.

Roles they hire for: Battery engineers, electrical engineers, mechanical engineers, embedded systems engineers, manufacturing engineers, R&D engineers, software engineers for EV systems.

Recykal (Founded 2016)

Recykal is a digital platform for waste management and circular economy operations, connecting brands, producers, recyclers, and waste collectors through a B2B marketplace and providing SaaS tools for Extended Producer Responsibility (EPR) compliance, e-waste tracking, and recycling traceability. Founded in 2016 in Hyderabad and backed by Morgan Stanley and Circulate Capital, the company raised $23 million in a bridge round in June 2026, confirmed by Inc42 and the company's official press release. Recykal reported gross revenue of Rs 1,498 crore in FY26, a 53.2% year-on-year increase per Inc42.

Honest framing: Recykal is primarily a B2B marketplace for recyclable materials, with SaaS tools for EPR compliance layered on top. It is included here because its software solutions for waste traceability and compliance are a genuine and growing part of the business, alongside the marketplace model.

Roles they hire for: Software engineers, backend engineers, data engineers, product managers, sustainability domain specialists, QA engineers.

Landeed (Founded 2022)

Landeed is an AI-powered property document and title search platform that gives property owners, agents, developers, and legal advisors instant access to government land records, sale deeds, encumbrance certificates, mutation records, and survey maps across multiple Indian states. Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards in Hyderabad and backed by Y Combinator, the company has raised a total of $16.3 million, including an $8.3 million seed round led by Draper Associates in January 2023 and a $5 million round in January 2025, both confirmed by YourStory and Entrackr. Over 100,000 property owners and agents have used the platform.

Why it qualifies: The youngest company on this list, Landeed is YC-backed and solving a genuinely complex problem in Indian property title verification that no other platform had addressed cleanly before it.

Roles they hire for: Software engineers, backend engineers, data engineers, AI engineers, product managers, customer support engineers.

Swipe (Founded 2021)

Swipe is a GST billing, invoicing, and accounting platform for small and medium-sized businesses in India, letting local businesses create invoices, manage inventory, file GST returns, and collect payments via WhatsApp and UPI. Founded in 2021 by Sri Teja Allaparthi and Aditya Vemuganti in Hyderabad and backed by Y Combinator (S21 batch), the company has raised $2.04 million in seed funding confirmed by CB Insights. The platform is used by over 400,000 SMEs across 4,600 towns in India and was named one of LinkedIn's Top 10 Startups to Watch in Hyderabad in 2025, per LinkedIn and the company's own press release.

Why it qualifies: 400,000 SMEs across 4,600 towns from a $2M seed round is exceptional capital efficiency. Swipe is one of the most widely adopted software products to come out of Hyderabad in the last five years.

Roles they hire for: Software engineers, backend engineers, mobile developers, product managers, growth engineers, QA engineers.

Enmovil (Founded 2015)

Enmovil is an AI-powered supply chain and logistics platform that adds intelligence to enterprise ERP systems like SAP and Oracle, providing demand forecasting, dispatch scheduling, multimodal freight visibility, and automated billing. Founded in 2015 by Ravi Bulusu, Nanda Kishore, and Venkat Moganty, all former NVIDIA and Oracle executives, and headquartered at Gachibowli, Hyderabad, the company raised $6 million in a Series A led by Sorin Investments in August 2025, confirmed by YourStory. Total funding stands at approximately $9.5 million. Clients include HPCL, Maruti Suzuki, and Hero Motors.

Why it qualifies: Founded by ex-NVIDIA and Oracle engineers solving a problem they encountered firsthand making legacy ERP systems intelligent, Enmovil is a strong example of domain-expert founders building domain-specific software from Hyderabad.

Roles they hire for: Software engineers, backend engineers, ML engineers, supply chain domain specialists, data engineers, product managers, QA engineers.

What This List Shows

Hyderabad's product company ecosystem is more diverse than either Chennai or Pune. The 11 companies above span finance automation, wellness, HR, space tech, fintech, HR payroll, electric vehicles, cleantech, proptech, SME billing, and supply chain. No single domain dominates.

Two patterns stand out. First, several of the most significant companies here — HighRadius, Enmovil, Skyroot were founded by engineers with deep prior domain experience, who built products to solve problems they had already spent years working on. Second, the city's institutional support through T-Hub and IIT Hyderabad has created genuine pathways for both software and hardware product companies, which is less common in other Indian tech cities.

Funding figures vary significantly across this list. Where cited, we have used figures confirmed by press releases, YourStory, Inc42, Entrackr, TechCrunch, or primary business press rather than solely aggregator databases.

Frequently Asked Questions

What are the top product based companies in Hyderabad? Hyderabad's best-known product companies include HighRadius (finance automation SaaS, founded 2006), Zenoti (wellness SaaS, founded 2010), and Darwinbox (HR SaaS, founded 2015), all three unicorns. Among the emerging layer, Skyroot Aerospace (space tech, founded 2018) became India's first space tech unicorn in 2026, while Keka (HR SaaS), Zaggle (spend management), Landeed (proptech), and Swipe (SME billing) are all actively scaling from Hyderabad.

Is Hyderabad good for product company jobs? Yes. Hyderabad has one of India's deepest product company ecosystems outside Bengaluru, with particular strength in enterprise SaaS, fintech, and increasingly in deep tech including space and electric vehicles. The city's combination of T-Hub, IIT Hyderabad, and a growing base of funded product companies makes it a credible destination for product and engineering careers.

Which Hyderabad company has raised the most funding? Among the companies covered in this post, HighRadius has raised the most at $484 million. Among Hyderabad-headquartered companies specifically, Zenoti has raised $331 million and Darwinbox approximately $308 million. Skyroot Aerospace has raised $160 million and became India's first space tech unicorn in May 2026.

Are there hardware product companies in Hyderabad? Yes. Skyroot Aerospace builds rocket launch vehicles and PURE EV manufactures electric scooters and lithium battery packs. Both are Hyderabad-based hardware product companies, which is uncommon in a city whose product company ecosystem is predominantly software-focused.

What domains are Hyderabad product companies building in? The companies in this post span finance automation (HighRadius), wellness (Zenoti), HR and payroll (Darwinbox, Keka), space tech (Skyroot), fintech (Zaggle), electric vehicles (PURE EV), cleantech (Recykal), proptech (Landeed), SME billing (Swipe), and supply chain (Enmovil). Enterprise SaaS and fintech are the most concentrated categories, with deep tech emerging as a third pillar.

Where to Find Roles at These Companies

Published: July 16, 2026 | blog.huntyourtribe.com

For a focused look at Hyderabad's SaaS companies specifically, read our post on SaaS Companies in Hyderabad You Should Know About in 2026.

Know a Hyderabad product company that should be covered here? Add your company careers page here and we will consider featuring you in an upcoming piece.

Disclaimer: Company details, funding figures, and revenue data are sourced from publicly available press coverage, company announcements, and investor reports. Where figures vary across sources, we have used the most consistently press-verified number. Hunt Your Tribe is not the employer for any listed role and is not responsible for the hiring process or outcome. Please verify directly with the company before applying.