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The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

5 Emerging Galleries in Mumbai to Know

News RoomBy News RoomNovember 13, 2025
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The Indian art market has been reinvigorated in the past few years buoyed by the country’s strong, post-pandemic economic growth, and Mumbai, as its leading hub of business activity, has led the charge. While modern art still accounts for the lion’s share of the market with Mumbai-based auction houses like SaffronArt, Astaguru and Pundoles setting all-time-records, contemporary art has become more mainstream in recent years.

While emerging artists and a younger, new generation of collectors have received a lot of attention as part of this surge, younger gallerists have relatively been flying under the radar. These galleries have been set up by millennials, often with business degrees and non-arts backgrounds, and do not shy away from using their spaces as platforms for socio-political critique. Many of them have set up shop in Mumbai’s established art district, located in the three neighborhoods—Colaba, Fort, and Kala Ghoda—in the southern part of the city, while others have opted to open farther afield.

As the city gears up for the third edition of Art Mumbai (November 13–16), here are five emerging galleries in Mumbai to know.

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