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Choosing the right performance marketing agency can directly impact how efficiently your business generates leads, sales, and revenue growth.

Mumbai is home to hundreds of agencies, but not every agency delivers the same level of strategy, execution, reporting, or return on ad spend. Some specialize in scaling eCommerce brands, while others focus on lead generation, B2B marketing, or marketplace growth.

For founders, marketing managers, and business owners, the challenge is identifying which agency can actually achieve business goals without wasting budget.

To simplify your search, we’ve shortlisted the best performance marketing agencies in Mumbai, compared their strengths, and highlighted key factors to evaluate before making a decision.

Let’s take a look.

Which Type of Business Should Work with a Performance Marketing Agency?

Not every business needs a performance marketing agency immediately. However, businesses focused on measurable growth often benefit the most.

Business Type	Why Performance Marketing Matters
eCommerce Brands	Scale online sales through Google Ads, Meta Ads, shopping campaigns, and conversion optimization
D2C Brands	Acquire customers profitably while improving retention and lifetime value
B2B Companies	Generate qualified leads through search advertising, landing pages, and funnel-driven campaigns
SaaS Businesses	Drive demo bookings, free trial signups, and customer acquisition at scale
Local Service Businesses	Increase calls, inquiries, appointments, and local visibility through targeted advertising
Marketplaces & Apps	Accelerate installs, user acquisition, and revenue growth through performance-focused campaigns

Performance marketing works best when businesses have clear growth goals, defined offers, and budgets focused on results. It becomes particularly valuable when customer acquisition, lead generation, revenue growth, or return on ad spend directly impacts business decisions.

Many growing businesses eventually reach a stage where organic growth alone cannot consistently support expansion targets. At that point, performance marketing provides predictable acquisition channels backed by testing, optimization, audience insights, and measurable outcomes.

If your business actively tracks leads, sales, bookings, sign-ups, or customer acquisition costs, partnering with a performance marketing agency is often a worthwhile consideration.

Top 10 Performance Marketing Agencies in Mumbai (2026 Updated)

Finding the right performance marketing agency can significantly impact lead quality, customer acquisition costs, conversion rates, and overall business growth.

To help you make an informed decision, we’ve shortlisted some of the best performance marketing agencies in Mumbai worth considering in 2026.

Performance Marketing Agency in Mumbai	Services	Ratings (Out of 5)
Codexxa	Google Ads, Meta Ads, Performance Marketing, Lead Generation, eCommerce Marketing, CRO, Landing Page Optimization, Funnel Strategy, Remarketing, Analytics & Reporting	4.9
DigiChefs	Performance Marketing, Google Ads, Meta Ads, SEO, Social Media Marketing, Influencer Marketing, Content Marketing, Website Development, Marketing Automation, Programmatic Advertising	4.7
Schbang	Performance Marketing, Media Planning, Media Buying, Social Media Marketing, Influencer Marketing, Brand Strategy, Creative Services, MarTech Solutions, Content Marketing, Technology Development	4.2
Ad360	Google Ads, Social Media Ads, Programmatic Advertising, CRO, SEO, Web Design & Development, Analytics & Automation	5
Marketing Couch	Performance Marketing, Google Ads Management, Lead Generation Campaigns, Social Media Marketing, Content Creation, SEO, Website Development, LinkedIn Marketing	4.8
Admatazz	Performance Marketing, Media Buying, Search Advertising, Social Media Advertising, Programmatic Advertising, Influencer Marketing, Ecommerce Marketing, Social Media Marketing	4.3
NOIR & BLANCO	Performance Marketing, Meta Ads, Google Ads, Paid Media, Media Strategy, Creative Strategy, CRO, Ecommerce SEO	4.6
Sqroot	Performance Marketing, Meta Ads, Google Ads, SEM, CRO, UGC Ad Creation, Funnel Optimization, Lead Generation	4.6
Interactive Avenues	Performance Marketing, Media Planning, Digital Strategy, Social Media Marketing, Commerce Marketing, Analytics, Data & Technology, Digital Experience Solutions	4.4
MadResult	Performance Marketing, Lead Generation, Paid Ads (Google & Meta), SEO, UGC Ads, Website Development, Branding & Identity, Social Media Marketing	5

Let’s explore each performance marketing agency in detail.

1. Codexxa: Best Performance Marketing Agency in Mumbai

Codexxa is a performance marketing agency helping businesses generate more leads, acquire customers, and scale revenue through paid advertising.

We’ve worked with 100+ brands across multiple industries, delivering growth through Google Ads, Meta Ads, and conversion-focused campaigns.

Our approach focuses on customer acquisition, conversion optimization, funnel performance, and return on ad spend rather than vanity metrics.

Whether you’re a startup, D2C brand, eCommerce business, SaaS company, or service provider, we build strategies around measurable business outcomes.

Services Offered: Google Ads, Meta Ads, Performance Marketing, Lead Generation, eCommerce Marketing, Conversion Rate Optimization, Landing Page Optimization, Marketing Funnel Strategy, Remarketing Campaigns, Analytics & Reporting

2. DigiChefs

DigiChefs is a digital marketing agency founded in 2015, offering performance marketing, SEO, content marketing, and creative services.

They have worked with 400+ startups and established brands across industries, including automotive, BFSI, real estate, healthcare, and eCommerce.

Their client portfolio includes brands such as BMW Navnit Motors, Business Standard, Honeywell, Voltas Water, Everest Fleet, and Lupin.

DigiChefs has secured multiple performance marketing mandates, published numerous client success stories, and received recognition at the AdTech Today EMERGE 2024 Awards.

Services Offered: Performance Marketing, Google Ads, Meta Ads, SEO, Social Media Marketing, Influencer Marketing, Content Marketing, Website Development, Marketing Automation, Programmatic Advertising

3. Schbang

Schbang is a marketing agency offering performance marketing, media planning, media buying, creative, technology, and brand strategy services.

Founded in 2015, they work with large consumer brands and enterprise businesses across digital advertising, content, and growth campaigns.

Their client portfolio includes brands such as Jio, Swiggy, Domino’s, H&M, Britannia, Fevicol, Johnson & Johnson, and iQOO.

Schbang has delivered campaigns generating millions of views, engagements, and reach while partnering with leading media platforms and technology providers.

Services Offered: Performance Marketing, Media Planning, Media Buying, Social Media Marketing, Influencer Marketing, Brand Strategy, Creative Services, MarTech Solutions, Content Marketing, Technology Development

4. Ad360

Ad360 focuses heavily on paid advertising, helping businesses improve campaign efficiency through data-backed optimization and media buying. Founded in 2017, they are a Google Partner and DUNS-registered agency serving clients across multiple global markets.

They have transformed more than 500+ ad accounts while driving substantial improvements in advertising performance.

Their approach combines audience targeting, conversion optimization, analytics, and full-funnel campaign management to support scalable growth.

Services Offered: Google Ads, Social Media Ads, Programmatic Advertising, Conversion Rate Optimization, Search Engine Optimization (SEO), Web Design & Development, Analytics & Automation

5. Marketing Couch

Marketing Couch is a performance marketing agency focused on lead generation, paid advertising, content marketing, and overall website growth.

They’ve experience working with 500+ brands and positions its campaigns around inquiry generation, revenue growth, and conversion-focused execution.

Their client portfolio includes brands across fashion, jewelry, finance, technology, lifestyle, and professional services, giving them cross-industry experience.

Marketing Couch also maintains strong client satisfaction signals, including a 4.9-star Google rating and multiple long-term client testimonials.

Services Offered: Performance Marketing, Google Ads Management, Lead Generation Campaigns, Social Media Marketing, Content Creation, SEO, Website Development, LinkedIn Marketing

6. Admatazz

Admatazz is a digital marketing agency in Mumbai that structures its services around four stages: measure, create, amplify, and sell.

They combine analytics, social media marketing, performance advertising, content production, and ecommerce-focused marketing under one framework.

Their performance marketing capabilities include search advertising, social media ads, programmatic media buying, and influencer-led campaigns.

Admatazz also serves multiple industries, including jewelry, real estate, healthcare, education, fashion, automotive, and ecommerce businesses.

Services Offered: Performance Marketing, Media Buying, Search Advertising, Social Media Advertising, Programmatic Advertising, Influencer Marketing, Ecommerce Marketing, Social Media Marketing

7. NOIR & BLANCO

NOIR & BLANCO is a performance marketing agency specializing in ecommerce growth for luxury, fashion, beauty, and lifestyle brands.

Unlike full-service agencies, they focus heavily on digital commerce, combining paid media, Shopify development, SEO, and conversion optimization.

Their performance marketing practice covers Meta Ads, Google Ads, media strategy, creative strategy, and customer acquisition campaigns.

The agency is also a Shopify Partner and provides integrated support across ecommerce development, marketing, and AI search visibility.

Services Offered: Performance Marketing, Meta Ads, Google Ads, Paid Media, Media Strategy, Creative Strategy, Conversion Rate Optimization, Ecommerce SEO

8. Sqroot

Sqroot is a performance marketing agency focused on scaling paid advertising campaigns through AI-enabled optimization and conversion-focused execution.

The agency highlights experience across D2C, BFSI, real estate, and edtech sectors, serving more than 100+ brands.

Their approach combines campaign audits, funnel optimization, CRO recommendations, creative testing, and performance-led scaling strategies.

Sqroot also positions itself around ROAS improvement, lead quality enhancement, and AI-powered ad creation for growing brands.

Services Offered: Performance Marketing, Meta Ads, Google Ads, SEM, Conversion Rate Optimization, UGC Ad Creation, Funnel Optimization, Lead Generation

9. Interactive Avenues

Interactive Avenues is one of India’s largest digital marketing agencies, managing integrated campaigns across media, technology, content, and analytics.

The agency operates with more than 800 digital specialists and serves over 200 active clients across industries.

Its performance marketing capabilities are supported by dedicated teams covering media planning, audience strategy, analytics, commerce, and data technology.

Interactive Avenues has also earned significant industry recognition, including IAMAI’s Digital Agency of the Year award 12 times.

Services Offered: Performance Marketing, Media Planning, Digital Strategy, Social Media Marketing, Commerce Marketing, Analytics, Data & Technology, Digital Experience Solutions

10. MadResult

MadResult is a performance marketing agency focused on scaling revenue-driven campaigns for startups and enterprise-level businesses through structured growth frameworks.

They operate with a data-first approach, emphasizing analysis, creative execution, and performance optimization to build scalable acquisition systems across platforms.

MadResult has delivered large-scale campaign outcomes, including 200M+ ad impressions, 3000+ ad campaigns, and over 20M+ leads and conversions generated.

Its positioning centers on aggressive growth acceleration, claiming impact across 200+ clients and 150+ crore+ collective revenue influence since inception.

Services Offered: Performance Marketing, Lead Generation, Paid Ads (Google & Meta), SEO, UGC Ads, Website Development, Branding & Identity, Social Media Marketing

How Much Does It Cost to Hire a Performance Marketing Agency in Mumbai?

The cost of hiring a performance marketing agency in Mumbai is not fixed. It depends on campaign scope, channel mix, competition level, tracking depth, and monthly ad spend structure.

Most agencies charge a management fee separately from media spend.

But, according to Clutch reports, many digital marketing agencies charge $25–$49 per hour, while WordStream notes PPC management often ranges around 10%–20% of ad spend.

In India, ongoing performance marketing retainers usually start around ₹25,000 and can go beyond ₹2,50,000 per month for larger accounts.

Business Stage	Monthly Agency Fee	Best Fit
Starter	₹25,000 – ₹60,000	Single-channel campaigns, basic reporting, and smaller budgets
Growth	₹60,000 – ₹1,50,000	Multi-channel campaigns, testing, optimization
Scale	₹1,50,000 – ₹5,00,000+	Full-funnel execution, advanced tracking, aggressive scaling

Lower budgets usually restrict testing speed and optimization depth. Higher budgets allow more creative experimentation, better audience targeting, and stronger conversion improvements.

The final cost also depends heavily on industry type.

For example, an eCommerce and D2C brands typically require higher creative testing budgets due to constant ad iteration needs. Whereas SaaS and B2B companies often pay more because of longer funnels, complex lead qualification, and deeper tracking setups.

For most Mumbai businesses, a realistic starting point is around ₹60,000 per month for meaningful performance marketing outcomes.

At this level, agencies can run structured testing, optimize campaigns regularly, and improve conversions with enough data flow for decision-making.

The real value is not just the cost. It is how effectively that investment converts into measurable leads, sales, and revenue growth.

Questions to Ask Before Hiring a Performance Marketing Agency

Choosing a performance marketing agency is not just about pricing or past clients. It is about clarity, control, and measurable outcomes from your ad spend.

Before signing any contract, businesses should evaluate how the agency thinks, executes campaigns, and measures success beyond surface-level metrics.

Here are the most important questions every business in Mumbai should ask before hiring a performance marketing agency:

1. How do you define and measure success for campaigns?
   Understand whether they focus on leads, revenue, ROAS, or just impressions and clicks.

2. What tracking systems do you use for performance measurement?
   Ask about GA4, Meta Pixel setup, conversion APIs, and attribution modeling accuracy.

3. How do you structure a campaign strategy for different business types?
   Check if they customize strategies for eCommerce, SaaS, B2B, or local service businesses.

4. What is included in your monthly fee, and what is excluded?
   Clarify whether reporting, creative, landing pages, and optimization are part of the package.

5. How often do you optimize campaigns and review performance data?
   Look for daily or weekly optimization cycles instead of monthly-only adjustments.

6. Can you show real case studies with performance metrics?
   Ask for verified outcomes like CPL reduction, ROAS improvement, or lead quality gains.

7. How do you handle creative testing and ad variation?
   Strong agencies continuously test creatives, headlines, audiences, and landing pages.

8. What happens if campaigns do not perform as expected?
   Understand their approach to fixing underperformance and improving results quickly.

9. How do you report performance, and what metrics are included?
   Ensure reports include actionable data, not just vanity metrics or surface-level summaries.

10. Who will manage my account directly?
    Confirm whether experienced strategists handle your account or junior executives.

A strong agency should explain its process clearly, define success honestly, and show how it will improve performance over time.

If answers stay vague, overly polished, or focused only on traffic numbers, the agency may not be built for measurable growth.

Also Check: Top 10 Performance Marketing Agencies in Pune (Don’t Miss #1)

What’s Next?

Choosing a performance marketing agency in Mumbai is only the first step. The next is comparing strategy, tracking, and accountability with discipline.

Shortlist two or three agencies, ask the same questions, and compare how clearly each one explains ownership and outcomes.

Then review whether they can connect reporting, optimization, and conversion tracking to your actual business goals.

Before signing, confirm these five things:

• Strategy
• Tracking
• Reporting
• Fee scope
• Account ownership

If an agency cannot explain these clearly, move on.

The right partner should make your ad spend easier to control, easier to measure, and easier to scale.

If you’re looking for the best performance marketing agency in Mumbai, look no further than Codexxa. We’ve collaborated with more than 100+ brands, delivering immense growth with our focused performance marketing approach. If your business is next, contact us today!