India’s Unicorns (2025 Update): The Complete Guide to India’s 100+ Billion-Dollar Startups

Introduction

India’s startup ecosystem remains the world’s third largest, with over a hundred billion-dollar companies across fintech, e-commerce, SaaS, logistics, mobility, and more. The 2021 boom, the 2023 funding reset, and a 2024–2025 focus on profitability have matured the market.

Indian Startup Ecosystem: Key Highlights and Trends

1. Overall growth and funding: Despite the funding winter, resilient models continue to raise capital with sharper focus on unit economics.

2. Women-led unicorns: Representation has improved, with notable leadership teams at growth-stage companies.

3. Hubs: Bengaluru remains the epicenter, with Delhi-NCR and Mumbai strong in consumer, fintech, and enterprise.

4. Jobs: The ecosystem has created significant direct and indirect employment across tech, retail, logistics, and services.

5. Emerging sectors: EV, climate tech, and space tech add to enduring strengths in fintech, SaaS, and consumer internet.

6. Why numbers vary: Trackers differ on methodology (public listings exit the set; down-rounds; redomiciling; subsidiaries), so counts can diverge slightly by date.

Complete List of 111 Indian Startups (Clean, Link-Free)

1. Flipkart: E-commerce giant offering a wide range of products and services.

2. Ola Cabs: Popular ride-hailing service operating across India.

3. OYO Rooms: Budget hotel and accommodation network.

4. Swiggy: Leading food delivery service connecting restaurants and customers.

5. Byju’s: Prominent edtech company offering interactive learning programs.

6. Zomato: Online platform for restaurant discovery and food delivery.

7. Paytm: Major digital payment system and financial services company.

8. Udaan: B2B trade platform simplifying wholesale trade.

9. Ola Electric: Electric vehicle arm of Ola, focusing on sustainable transportation.

10. Dream11: Fantasy sports platform for cricket and other sports.

11. BigBasket: Online grocery delivery service.

12. Delhivery: Logistics and supply-chain services company.

13. Nykaa: Beauty and wellness e-commerce platform.

14. PolicyBazaar: Online insurance aggregator and financial product comparison platform.

15. Lenskart: Online retailer for eyewear products.

16. CRED: Credit-card bill payment platform with rewards.

17. PharmEasy: Online pharmacy and healthcare platform.

18. Razorpay: Payment gateway for online payments and financial solutions.

19. BharatPe: Merchant payments and lending services.

20. Meesho: Social commerce platform focused on reselling.

21. Cars24: Used-car buying and selling platform.

22. Unacademy: Online learning platform for competitive exams.

23. MobiKwik: Digital wallet and online payment system.

24. FirstCry: Baby and kids products retailer.

25. NoBroker: Real-estate platform eliminating brokerage fees.

26. Groww: Investment platform for mutual funds and stocks.

27. Licious: Gourmet meat and seafood delivery service.

28. Dailyhunt: Content and news aggregation platform in local languages.

29. ShareChat: Social networking and regional-content platform.

30. Cure.fit: Health and fitness company offering digital and offline experiences.

31. Zerodha: Large retail stockbroker offering discount brokerage services.

32. Innovaccer: Healthcare data activation platform.

33. MPL (Mobile Premier League): Mobile e-sports and gaming platform.

34. Acko General Insurance: Digital-first insurance company.

35. upGrad: Online higher-education and upskilling platform.

36. CoinDCX: Cryptocurrency exchange platform.

37. Urban Company (formerly UrbanClap): Home-services marketplace.

38. Mamaearth: Natural personal-care brand.

39. Rebel Foods (Faasos): Large internet restaurant company.

40. Postman: API development and testing platform.

41. Digit Insurance: Technology-led general insurance company.

42. CarDekho: Automotive sales and services platform.

43. Eruditus: Executive education programs in collaboration with universities.

44. Five Star Business Finance: NBFC focused on small-business loans.

45. Vedantu: Interactive online tutoring platform.

46. BlackBuck: Online marketplace for logistics and freight transportation.

47. Darwinbox: Human-resources management platform.

48. OfBusiness: B2B commerce platform specializing in procurement.

49. Practo: Healthcare platform connecting patients with providers.

50. Icertis: Cloud-based contract management software provider.

51. Skyroot Aerospace: Private space and satellite launch services.

52. Zeta: Banking-tech solutions and modern credit processing.

53. Infra.Market: B2B procurement marketplace for construction materials.

54. Spinny: Used-car platform with quality assurance.

55. Apna: Jobs and professional-networking platform for blue/grey-collar workers.

56. Moglix: E-commerce platform for industrial tools and equipment.

57. Bewakoof: Online fashion brand with creative, quirky products (noted as possibly not a unicorn yet).

58. Droom: Marketplace for buying and selling automobiles.

59. Khatabook: Mobile app for small-business cash-flow management.

60. MyGlamm: Direct-to-consumer beauty and cosmetics brand.

61. Yellow.ai: AI-powered conversational commerce and customer support.

62. CredAvenue: Fintech platform for enterprise debt products.

63. Dunzo: Hyperlocal delivery for groceries, food, and more.

64. Livspace: Home interiors and renovation platform.

65. Lendingkart: SME-lending financial services platform.

66. ElasticRun: Virtual logistics network for rural commerce.

67. BrowserStack: Cloud web and mobile testing platform.

68. Uniphore: Conversational AI and automation technology.

69. Hasura: Instant GraphQL APIs for new and existing applications.

70. Porter: Logistics company specializing in goods transportation.

71. Wakefit: Online sleep solutions brand (mattresses and bedding).

72. Stanza Living: Managed accommodation for students and professionals.

73. CoinSwitch Kuber: Cryptocurrency investment and trading platform.

74. Ather Energy: Electric-scooter manufacturer.

75. Smallcase: Simple stock/ETF portfolio investing.

76. DailyObjects: Designer of lifestyle products and gadget accessories.

77. Quikr: Online classifieds and marketplace.

78. Ninjacart: Agri supply-chain platform.

79. Zoomcar: Self-drive car rentals.

80. HealthifyMe: Digital health and wellness platform.

81. Toppr: E-learning platform with customized learning.

82. Shadowfax: Logistics and delivery services provider.

83. Furlenco: Online furniture rental platform.

84. Mfine: Online telemedicine and healthcare services.

85. Pepperfry: Online furniture and home-decor platform.

86. Bira 91: Craft-beer brand.

87. HomeLane: Home interior design and implementation.

88. Gradeup (now GradeStack): Competitive-exam preparation platform.

89. Chumbak: Lifestyle brand known for quirky designs.

90. WhiteHat Jr: Online coding classes for kids.

91. 1mg: Online pharmacy and healthcare services.

92. Boat Lifestyle: Consumer electronics brand.

93. Servify: Device lifecycle management, warranty, and AMC.

94. Cashify: Platform to sell used smartphones and electronics.

95. Gupshup: Messaging and customer-engagement platform.

96. Games24x7: Online gaming platform (e.g., RummyCircle).

97. Ixigo: Travel and hotel booking platform.

98. Purplle: Online beauty and cosmetics marketplace.

99. InCred: Consumer and business lending.

100. Open Financial Technologies: Business banking for SMEs.

101. PhysicsWallah: Edtech focused on competitive exams.

102. Fractal Analytics: AI and analytics for enterprises.

103. LEAD School: Integrated school-management and learning solutions.

104. Rapido: Bike-taxi service.

105. InCred Finance: NBFC with a range of lending products.

106. Zepto: Rapid-commerce grocery and essentials delivery.

107. Molbio Diagnostics: Point-of-care diagnostics for infectious diseases.

108. Shiprocket: E-commerce logistics aggregator.

109. OneCard: Mobile-first credit card with smart features.

110. Krutrim: AI startup building language models and compute stack.

111. Polygon: Web3 infrastructure and Ethereum scaling.

FAQ

How many unicorns does India have now?
Depending on definitions and update dates, trackers vary slightly, but India remains the world’s number-three ecosystem by total count.

Which cities lead?
Bengaluru leads by count; Delhi-NCR and Mumbai follow, with strong clusters in consumer internet, fintech, and enterprise tech.

Why do lists differ?
Unicorns are private companies valued at one billion dollars or more. IPOs exit the set; down-rounds and methodology differences create timing gaps across trackers.