Indian Unicorn Tracker: Funding, Investors, Revenue And More
The year 2026 has begun on a strong note for India’s startup ecosystem, with Juspay becoming the first unicorn of the year within the first month of the year.
Shortly after, KreditBee became the second unicorn in April, followed by Skyroot Aerospace entering the unicorn club in May. A month later, AI startup Sarvam and proptech major Square Yards entered the unicorn club.
At this pace, the Indian startup ecosystem is on track to mint eight to 10 unicorns this year – higher than that of 2025. However, this still is a far cry from the funding boom of 2021, when 45 startups entered the $1 Bn+ valuation club.
The start of the funding winter in 2022 resulted in a sharp slowdown in unicorn creation over the subsequent years. While 22 startups turned unicorns in 2022, just two entered the unicorn club in 2023. The count increased in the subsequent year, with the startup ecosystem getting seven new unicorns in 2024.
The unicorn trend mirrors a broader reset in startup funding. In 2025, Indian startups raised about $11 Bn across 936 deals, an 8% drop from the previous year, even as IPOs emerged as a key fundraising and liquidity route.
Eighteen startups tapped public markets last year, raising nearly ₹20,000 Cr via fresh issues and delivering exits to early backers. While late stage private funding remained under pressure, growth stage investments rose 14% YoY, and investor interest increasingly shifted towards AI, deeptech and other long-term innovation-led sectors in 2025.
With capital now flowing more selectively, founders and investors are shifting from a “growth-at-all-costs” mindset to a focus on sustainable business models and profitability.
However, the Indian startup ecosystem continues to grow at a rapid pace. So far, 131 startups have entered the unicorn club. But the pace has shifted. What was once a unicorn frenzy has now become a more measured climb, as investors have become more selective. This has resulted in founders doubling down on fundamentals.
While 16 of the 131 unicorns have since slipped below the $1 Bn valuation mark (some due to broader market volatility), others have taken different routes – 27 have gone public, while five have been acquired.
As of June 2026, India’s unicorns have collectively raised over $118 Bn and command a combined valuation exceeding $394 Bn.
Notably, among all the unicorns, Mensa Brands (now BRND.ME) took the least time to reach the billion-dollar mark; it achieved unicorn status in just six months. It was followed by GlobalBees, which took seven months to become a unicorn.
Meanwhile, startups like 5ire, Ola Krutrim, and Glance took about a year to achieve unicorn status.
To help track this evolving landscape, Inc42 has launched the Indian Unicorn Tracker. From founding years and sector focus to funding raised, investors, and time taken to reach unicorn status, this tracker is your one-stop resource for decoding India’s most valuable startups.
The tracker below offers a snapshot of where each Indian unicorn stands today.
Organisation Name
Sector
Founded In
Became Unicorn In
Time Taken To Unicorn Club
Valuation ($ Bn)
Unicorn Status
Headquarters
Status
Total Funding ($ Bn)
Notable Investors
1mg
Health Tech
2015
2022
7
1.3
Active
Delhi NCR
Acquired
0.23
KWE, HBM Healthcare Investments, Tata Digital, IFC, Peak XV
5ire
Web3
2021
2022
1
Less than $1 Bn
Under Valued
Dubai
Private Company
0.12
Global Emerging Markets, SRAM & MRAM, Gotbit, Magnus Capital, Extra Watts
Acko Insurance
FIntech
2016
2021
5
1.4
Active
Bengaluru
Private Company
0.60
General Atlantic, CPP Investments, Intact Ventures, Lightspeed Venture Partners, Multiples
Amagi
Enterprise Tech
2008
2022
14
1.4
Active
Bengaluru
Private Company
0.36
General Atlantic, Nadathur, Premji Invest, Accel, Norwest Venture Partners
Apna
Enterprise Tech
2019
2021
2
1.1
Active
Bengaluru
Private Company
0.19
Peak XV Partners, Lightspeed India Partners, Insight Partners, Tiger Global Management, GSV Ventures
Ather Energy
Clean Tech
2013
2024
11
2.9
Active
Bengaluru
Listed
0.58
NIIF, Hero MotoCorp, GIC, InnoVen Capital, Caladium Investments
Bharatpe
Fintech
2018
2021
3
2.8
Active
Delhi NCR
Private Company
0.85
Tiger Global Management, Coatue, Ribbit Capital, Insight Partners, Steadview Capital
BigBasket
Consumer Services
2011
2019
8
3.2
Active
Bengaluru
Acquired
1.50
Alibaba Group, Tata Digital, Mirae Asset Global Investments, CDC Group, Bessemer Venture Partners
Billdesk
Fintech
2000
2018
18
2.0
Active
Mumbai
Private Company
0.24
Clearstone Venture Partners, General Atlantic, TA Associates, Temasek Holdings, Visa
Blackbuck
Logistics
2015
2021
6
1.2
Active
Bengaluru
Listed
0.36
Tribe Capital, VEF, Accel, Sands Capital Ventures, InnoVen Capital
Blinkit
Consumer Services
2013
2021
8
13.0
Active
Delhi NCR
Acquired
1.30
Zomato (now Eternal), SoftBank, Tiger Global Management, Peak XV India, Trifecta Capital
boAt
Ecommerce
2016
2022
6
1.5
Active
Delhi NCR
Private Company
0.18
Fireside Ventures, Qualcomm Ventures, Warburg Pincus, InnoVen Capital, Malabar Investment Advisors
Browserstack
Enterprise Tech
2011
2021
10
4.0
Active
Mumbai
Private Company
0.25
No specific investor data was found in the provided material.
Byju’s
Edtech
2011
2018
7
Less than $1 Bn
Under Valued
Bengaluru
Private Company
6.30
B Capital, General Atlantic, BlackRock, Lightspeed Venture Partners, International Finance Corporation
CarDekho
Ecommerce
2008
2021
13
1.2
Active
Delhi NCR
Private Company
1.30
Navis Capital Partners, Dragon Funds, Peak XV Partners, CapitalG, Hillhouse Investment
Cars24
Ecommerce
2015
2020
5
3.3
Active
Delhi NCR
Private Company
1.30
Peak XV, DST Global, SoftBank, Alpha Wave Global, Exor Seeds
Chargebee
Fintech
2015
2021
10
3.5
Active
Chennai
Private Company
0.47
Insight Partners, Tiger Global Management, Accel, Steadview Capital, Sapphire Ventures
Citius Tech
Health Tech
2005
2019
14
2.2
Active
Mumbai
Private Company
1.07
CoinDCX
Web3
2018
2021
3
2.2
Active
Mumbai
Private Company
0.25
Pantera Capital, Steadview Capital, B Capital, Block.one, Polychain
CoinSwitch
Web3
2017
2021
4
1.9
Active
Bengaluru
Private Company
0.30
Pantera Capital, Andreessen Horowitz, Coinbase Ventures, Tiger Global Management, Paradigm
CRED
Fintech
2018
2021
3
3.5
Active
Bengaluru
Private Company
0.92
Alpha Wave Global, Tiger Global Management, GIC, Sofina, Ribbit Capital
Cult.Fit
Health Tech
2016
2021
5
1.5
Active
Bengaluru
Private Company
0.69
Accel, Temasek, Chiratae Ventures, Zomato, Tata Digital
Darwinbox
Enterprise Tech
2015
2022
7
1.0
Active
Hyderabad
Private Company
0.28
Partners Group, KKR, Lightspeed India Partners, Peak XV Partners, Salesforce Ventures
DealShare
Ecommerce
2018
2022
4
1.7
Active
Bengaluru
Private Company
0.40
Tiger Global Management, Alpha Wave Global, Kora, Dragoneer Investment Group, Unilever Ventures
Delhivery
Logistics
2011
2019
8
3.4
Active
Delhi NCR
Listed
1.60
SoftBank, Tiger Global, CPP Investments, Fidelity, FedEx
Dhan
Fintech
2021
2025
4
1.2
Active
Mumbai
Private Company
0.14
Digit Insurance
Fintech
2016
2021
5
3.5
Active
Bengaluru
Listed
0.59
Fairfax Financial Holdings, A91 Partners, Faering Capital, TVS Capital Funds, Peak XV Partners
Dream Sports
Media & Entertainment
2008
2019
11
8.0
Active
Mumbai
Private Company
1.60
TCV, D1 Capital Partners, Falcon Edge Capital, Tiger Global, ChrysCapital
Drools
Ecommerce
2009
2025
16
1.0
Active
Bengaluru
Private Company
0.06
L Catterton, Nestle
Droom
Ecommerce
2014
2021
7
0.4
Under Valued
Delhi NCR
Private Company
0.34
Finvolve, India Accelerator, 57 Stars, SeventTrain Ventures, Digital Garage
Druva
Enterprise Tech
2008
2019
11
2.0
Active
Pune
Private Company
0.48
Caisse de dépôt et placement du Québec (CDPQ), Neuberger Berman, Atreides Management, Viking Global Investors, Riverwood Capital
Easemytrip
Travel Tech
2008
2021
13
0.3
Under Valued
Delhi NCR
Listed
0.17
Nomura Holdings
ElasticRun
Ecommerce
2016
2022
6
1.5
Active
Pune
Private Company
0.46
SoftBank, SoftBank Group, Goldman Sachs Investment Partners, Prosus, Avataar Ventures
Eruditus
Edtech
2010
2021
11
3.1
Active
Mumbai
Private Company
1.30
Accel, SoftBank, Accel, Peak XV Partners, Bertelsmann India Investments
Eternal (Zomato)
Consumer Services
2008
2015
7
30.0
Active
Delhi NCR
Listed
4.40
Info Edge, Peak XV, Temasek, Vy Capital, Ant Group
Fireflies AI
Artificial Intelligence (AI)
2016
2025
9
1.0
Active
San Francisco
Private Company
0.01
Khosla Ventures, f7 Ventures, Canaan Partners, Forum Ventures
Firstcry
Ecommerce
2010
2020
10
1.7
Active
Pune
Listed
1.13
SoftBank, TPG Capital Asia, Chrys Capital, Premji Invest, Vertex Ventures
Flipkart
Ecommerce
2007
2012
5
36.0
Active
Bengaluru
Acquired
15.00
Walmart, Tiger Global Management, SoftBank, Accel, GIC
Fractal
Enterprise Tech
2000
2022
22
1.0
Active
Mumbai
Private Company
0.69
TPG, Apax, Khazanah Nasional Berhad, Aimia, TA Associates
Freshworks
Enterprise Tech
2010
2018
8
3.7
Active
Chennai
Listed
0.48
Accel, Tiger Global Management, Peak XV Partners, CapitalG, Steadview Capital
Games24x7
Media & Entertainment
2006
2022
16
2.5
Active
Mumbai
Private Company
0.08
Tiger Global Management, The Raine Group, Malabar Investment Advisors, Bain Capital
Glance
Media & Entertainment
2019
2020
1
1.7
Active
Bengaluru
Private Company
0.39
Google, Mithril Capital Management, Reliance Jio, Unilever Ventures, Vy Capital
GlobalBees
Ecommerce
2021
2021
Less than 1 Year
1.1
Active
Delhi NCR
Private Company
0.31
FirstCry, Premji Invest, Chiratae Ventures, SoftBank Group, Lightspeed Venture Partners
Good Glamm Group
Ecommerce
2015
2021
6
Less than $1 Bn
Under Valued
Pune
Private Company
0.35
Warburg Pincus, Prosus, Bessemer India, Accel Partners
Groww
Fintech
2016
2021
5
11.0
Active
Bengaluru
Listed
0.39
Peak XV Partners, Ribbit Capital, Y Combinator Continuity Fund, Tiger Global Management, ICONIQ Growth
Gupshup
Enterprise Tech
2004
2021
17
0.5
Under Valued
Mumbai
Private Company
0.48
Tiger Global Management, CRV, Fidelity, White Oak Global Advisors, Helion Venture Partners
Hasura
Enterprise Tech
2017
2022
5
1.0
Active
Bengaluru
Private Company
0.24
Nexus Venture Partners, Lightspeed Venture Partners, Vertex Ventures, Greenoaks
Hike
Media & Entertainment
2011
2016
5
Shutdown
Under Valued
Delhi NCR
Private Company
0.26
39A Ventures, Jump Crypto, Republic Crypto, Tribe Capital, JAM Fund
Icertis
Enterprise Tech
2009
2019
10
5.0
Active
Pune
Private Company
0.57
B Capital, Meritech Capital Partners, Greycroft, Premji Invest, SoftBank
InCred
Fintech
2016
2023
7
1.0
Active
Mumbai
Private Company
0.35
Paragon Partners, India, Bhupinder Singh, FMO, Ranjan Pai, Neo Asset Management
IndiaMart
Ecommerce
1996
2020
24
1.5
Active
Delhi NCR
Listed
0.04
Intel Capital, Elevation Capital, Hornbill Capital Advisers, Kuwait Investment Authority, Malabar Investment Advisors
Info Edge
Consumer Services
1995
2014
19
9.8
Active
Delhi NCR
Listed
0.05
Intel Capital, Elevation Capital, Hornbill Capital Advisers, Kuwait Investment Authority, Malabar Investment Advisors
Infra.Market
Ecommerce
2016
2021
5
2.8
Active
Mumbai
Private Company
0.85
Tiger Global Management, Accel, Nexus Venture Partners, Trifecta Capital Advisors, Evolvence India Fund
InMobi
Enterprise Tech
2007
2011
4
1.5
Active
Bengaluru
Private Company
0.42
Mars Growth Capital, SoftBank Capital, Kleiner Perkins, Sherpalo Ventures, Lightbox
Innovaccer
Healthtech
2014
2021
7
3.2
Active
Delhi NCR
Private Company
0.68
B Capital, M12 – Microsoft’s Venture Fund, Tiger Global Management, Dragoneer Investment Group, Steadview Capital
Jumbotail
Ecommerce
2015
2025
10
1.0
Active
Bengaluru
Private Company
0.17
Nexus Venture Partners, Kalaari Capital, Arkam Ventures, Alteria Capital, InnoVen Capital
Lead
Edtech
2012
2022
10
1.1
Active
Mumbai
Private Company
0.19
WestBridge Capital Ltd., Alteria Capital, Stride Ventures, Standard Chartered Bank, HDFC Bank
LeadSquared
Enterprise Tech
2011
2022
11
1.0
Active
Bengaluru
Private Company
0.20
WestBridge Capital, International Finance Corporation, Gaja Capital, Jyoti Bansal, Stakeboat Capital
Lenskart
Ecommerce
2011
2019
8
5.6
Active
Delhi NCR
Listed
1.08
Fidelity, Temasek Holdings, Chrys Capital, Abu Dhabi Investment Authority (ADIA), Ravi Modi Family Trust
Licious
Ecommerce
2015
2021
6
1.5
Active
Bengaluru
Private Company
0.55
Multiples Alternate Asset Management, Kotak Investment Advisors, Axis Growth Avenues AIF–I, Amansa Capital, Temasek
Livspace
Ecommerce
2014
2022
8
1.2
Active
Bengaluru
Private Company
0.53
KKR, EDBI, Reno Asia Holdings, Venturi Partners, Jungle Ventures
MakeMyTrip
Travel Tech
2000
2010
10
8.2
Active
Delhi NCR
Listed
0.75
Ctrip, Naspers, Tiger Global Management, Helion Venture Partners, Sierra Ventures
Mamaearth
Ecommerce
2016
2021
5
0.9
Under Valued
Delhi NCR
Listed
0.14
Fireside Ventures, Stellaris Venture Partners, Peak XV Partners, Sofina, Evolvence
MapmyIndia
Enterprise Tech
1995
2021
26
1.0
Active
Delhi NCR
Listed
0.05
Flipkart, Nexus Venture Partners, Qualcomm Ventures, Zenrin, Sherpalo Ventures
Meesho
Ecommerce
2015
2021
6
9.4
Active
Bengaluru
Listed
1.70
Meta (Facebook), Peak XV Partners, SoftBank, Tiger Global Management, Fidelity
Mensa Brands
Ecommerce
2021
2021
Less than 1 Year
1.0
Active
Bengaluru
Private Company
0.29
Accel Partners, Prosus, Tiger Global, Alteria Capital, InnoVen Capital
Mindtickle
Enterprise Tech
2011
2021
10
1.2
Active
Pune
Private Company
0.28
Canaan Partners, Accel Partners, New Enterprise Associates, Qualcomm Ventures, Norwest Venture Partners
MobiKwik
Fintech
2009
2021
12
0.2
Under Valued
Delhi NCR
Listed
0.28
No external investor data was found in the provided material.
Mobile Premier League
Media & Entertainment
2018
2021
3
2.2
Active
Bengaluru
Private Company
0.40
Legatum, MDI Ventures, Pegasus Tech Ventures, RTP Global, SIG Global India Fund
Moglix
Ecommerce
2015
2021
6
2.5
Active
Delhi NCR
Private Company
0.48
Accel, IFC (International Finance Corporation), Jungle Ventures, Alpha Wave Global, Tiger Global Management
Money View
Fintech
2014
2024
10
1.2
Active
Bengaluru
Private Company
0.22
Accel, Tiger Global Management, Nexus Venture Partners, Ribbit Capital, Winter Capital
Mu Sigma
Enterprise Tech
2004
2013
9
1.5
Active
Bengaluru
Private Company
0.21
FTV Capital, Peak XV Partners, General Atlantic, Mastercard
Netradyne
Logistics
2015
2025
10
1.3
Active
Bengaluru
Private Company
0.35
Point72 Ventures, Qualcomm Ventures, Pavilion Capital Partners, SVB, SoftBank
Nobroker
Real Estate Tech
2014
2021
7
1.0
Active
Bengaluru
Private Company
0.43
General Atlantic, Tiger Global Management, Moore Strategic Ventures, Google, Beenext
Nykaa
Ecommerce
2012
2020
8
8.1
Active
Delhi NCR
Listed
1.50
Lighthouse Funds, TVS Capital Funds, Axis Mutual Fund, Aditya Birla Sunlife Mutual Fund, Steadview Capital
Ofbusiness
Ecommerce
2015
2021
6
2.8
Active
Delhi NCR
Private Company
0.99
Alpha Wave Global, Tiger Global Management, Creation Investments, Cornerstone Venture Partners Fund, SoftBank Group
Ola
Travel Tech
2010
2014
4
1.3
Active
Bengaluru
Private Company
5.00
Arrow Capital, Axis Mutual Fund, Segantii Capital Management, Hero Corp, IIFL Finance
Ola Electric
Clean Tech
2017
2019
2
1.7
Active
Bengaluru
Listed
1.70
Temasek Holdings, SoftBank, Alpha Wave Global, State Bank of India, Tiger Global Management
Ola Krutrim
Artificial Intelligence (AI)
2023
2024
1
1.0
Active
Bengaluru
Private Company
0.30
Z47
OneCard
Fintech
2019
2022
3
1.4
Active
Pune
Private Company
0.26
Better Tomorrow Ventures, Z47, Peak XV Partners, Alteria Capital, Hummingbird Ventures
Open
Fintech
2017
2022
5
1.0
Active
Bengaluru
Private Company
0.19
IIFL Finance, Temasek Holdings, Tiger Global Management, 3one4 Capital, BEENEXT
Oxyzo
Fintech
2016
2022
6
1.0
Active
Delhi NCR
Private Company
0.27
Alpha Wave Global, Creation Investments Capital Management, LLC, Z47, Norwest Venture Partners, Tiger Global Management
OYO
Travel Tech
2012
2018
6
2.5
Active
Delhi NCR
Private Company
4.00
RedSpring Innovation Partners, Patient Capital, SoftBank, Microsoft, JP Morgan Chase
Paytm
Fintech
2010
2015
5
9.5
Active
Delhi NCR
Listed
4.50
BlackRock, Ant Financial, Alibaba, Berkshire Hathaway, GIC
Paytm Mall
Ecommerce
2016
2018
2
Less than $1 Bn
Under Valued
Delhi NCR
Private Company
0.80
eBay, Alibaba Group, SoftBank, Elevation Capital
Perfios
Fintech
2007
2024
17
1.0
Active
Bengaluru
Private Company
0.44
Ontario Teachers’ Pension Plan, Kedaara, Warburg Pincus, Bessemer Venture Partners, Stride Ventures
Pharmeasy
Health Tech
2015
2021
6
0.5
Under Valued
Mumbai
Private Company
1.77
B Capital, Temasek Holdings, ADQ, Bessemer Venture Partners
PhonePe
Fintech
2015
2018
3
13.0
Active
Bengaluru
Acquired
2.60
Walmart, General Atlantic, Tiger Global Management, Ribbit Capital, TVS Capital Funds
Physics Wallah
Edtech
2014
2022
8
4.3
Active
Delhi NCR
Listed
0.31
Hornbill Capital, WestBridge Capital, GSV Ventures, Lightspeed Venture Partners
Pine Labs
Fintech
1998
2020
22
5.8
Active
Delhi NCR
Private Company
1.59
Warburg Pincus, Alpha Wave Global, State Bank of India, BlackRock, Fidelity
Policybazaar
Fintech
2008
2018
10
9.8
Active
Delhi NCR
Listed
1.10
SoftBank, Tencent, Alpha Wave Global, True North, Info Edge
Porter
Logistics
2014
2025
11
1.0
Active
Bengaluru
Private Company
0.30
Tiger Global Management, Lightstone Ventures, Peak XV, Peak XV Partners, Mahindra
Postman
Enterprise Tech
2014
2020
6
5.6
Active
Bengaluru
Private Company
0.43
Insight Partners, CRV (Charles River Ventures), Nexus Venture Partners, Coatue, Battery Ventures
Pristyn Care
Health Tech
2018
2021
3
1.4
Active
Delhi NCR
Private Company
0.18
Peak XV Partners, Hummingbird Ventures, Epiq Capital, Tiger Global Management, Peak XV
Purplle
Ecommerce
2012
2022
10
1.3
Active
Mumbai
Private Company
0.56
Blume Ventures, Peak XV, ADIA, Premji Invest, Sharrp Ventures
Quikr
Ecommerce
2008
2015
7
0.6
Under Valued
Bengaluru
Private Company
0.42
Steadview, Alpha Wave Global, Coatue, Tiger Global Management, Kinnevik
Rapido
Travel Tech
2015
2024
9
1.1
Active
Bengaluru
Private Company
0.54
WestBridge Capital, Nexus Venture Partners, Prosus Ventures, Swiggy, TVS Motor Company
Rategain
Enterprise Tech
2004
2024
20
0.8
Under Valued
Delhi NCR
Listed
0.24
TA, Avataar Ventures, Plutus Wealth Management, Founder Collective, ICICI Prudential Mutual Fund
Razorpay
Fintech
2014
2020
6
7.5
Active
Bengaluru
Private Company
0.82
Peak XV Partners, Tiger Global Management, GIC, Lightspeed Venture Partners, Alkeon Capital
Rebel Foods
Foodtech
2011
2021
10
1.4
Active
Mumbai
Private Company
0.81
Qatar Investment Authority, Evolvence India Fund, Temasek Holdings, Alteria Capital, InnoVen Capital
Renew Power
Clean Tech
2011
2017
6
2.5
Active
Delhi NCR
Private Company
2.04
CPP Investments, ADIA (Abu Dhabi Investment Authority), JERA, Norway’s Climate Investment Fund, Goldman Sachs
Rivigo
Logistics
2014
2018
4
Less than $1 Bn
Under Valued
Delhi NCR
Private Company
0.31
Elevation Capital, Warburg Pincus, InnoVen Capital, Trifecta Capital
Sarvam AI
Artificial Intelligence (AI)
2023
2026
3
1.5
Active
Bengaluru
Private Company
0.30
Peak XV Partners, Lightspeed Venture Partners, Bessemer Venture Partners
ShareChat
Media & Entertainment
2015
2021
6
2.0
Active
Bengaluru
Private Company
1.80
Moore Strategic Ventures, Tencent, Twitter Ventures, EDBI, Alkeon Capital
Shiprocket
Logistics
2016
2022
6
1.3
Active
Delhi NCR
Private Company
0.42
Zomato, KdT Ventures, MUFG, Tribe Capital, Saiglobal
Shopclues
Ecommerce
2011
2016
5
0.1
Under Valued
Delhi NCR
Private Company
0.26
Nexus Venture Partners, Helion Venture Partners, Unilazer Ventures, GIC, Tiger Global Management
Slice
Fintech
2016
2021
5
1.3
Active
Bengaluru
Private Company
0.39
Tiger Global, Insight Partners, Advent International, Blume Ventures, Notable Capital
Snapdeal
Ecommerce
2010
2014
4
0.8
Under Valued
Delhi NCR
Private Company
1.80
Intel Capital, Bessemer Venture Partners, SoftBank, BlackRock
Spinny
Ecommerce
2015
2021
6
1.8
Active
Delhi NCR
Private Company
0.64
Tiger Global Management, Abu Dhabi Growth Fund, Avenir, Accel, Elevation Capital
Swiggy
Consumer Services
2014
2018
4
12.0
Active
Bengaluru
Listed
3.58
SoftBank, Prosus Ventures, Naspers, Accel Partners, Goldman Sachs
Travel Boutique Online (TBO)
Travel Tech
2006
2024
18
2.0
Active
Delhi NCR
Listed
Not Available
Naspers, General Atlantic, Affirma Capital, Lap Travel
Udaan
Ecommerce
2016
2018
2
1.8
Active
Bengaluru
Private Company
2.10
Octahedron Capital, Moonstone Capital, Lightspeed Venture Partners, DST Global, M&G Plc
Unacademy
Edtech
2015
2020
5
3.4
Active
Bengaluru
Private Company
0.88
SoftBank, General Atlantic, Tiger Global Management, Temasek Holdings, Meta (Facebook)
Uniphore
Enterprise Tech
2008
2022
14
2.5
Active
Chennai
Private Company
0.62
New Enterprise Associates, Chiratae Ventures, March Capital, SoftBank, SAP
Upgrad
Edtech
2015
2021
6
2.3
Active
Mumbai
Private Company
0.78
Temasek Holdings, International Finance Corporation, 360 ONE Asset, IIFL Finance, Kaizenvest
Upstox
Fintech
2009
2021
12
3.5
Active
Mumbai
Private Company
0.20
Tiger Global Management, Kalaari Capital, InnoVen Capital, BlackSoil, GVK Davix Technologies
Urban Company
Consumer Services
2014
2021
7
2.0
Active
Delhi NCR
Listed
0.51
Steadview Capital, Tiger Global Management, Prosus Ventures, Dragoneer Investment Group, Wellington Management
Vedantu
Edtech
2011
2021
10
1.0
Active
Bengaluru
Private Company
0.33
Stride Ventures, Alteria Capital, Accel, Orios Venture Partners, ImpactAssets
Verse Innovation
Media & Entertainment
2007
2020
13
2.9
Active
Bengaluru
Private Company
1.70
Alpha Wave Global, Google, Microsoft, CPP Investments, Meta
Xpressbees
Logistics
2012
2022
10
1.5
Active
Pune
Private Company
0.64
Teachers’ Venture Growth, Khazanah Nasional, Alibaba Group, Blackstone Group, Chrys Capital
Yubi
Fintech
2020
2022
2
1.3
Active
Chennai
Private Company
0.23
Peak XV Partners, B Capital, Dragoneer Investment Group, Insight Partners, Lightrock
Zenoti
Enterprise Tech
2010
2020
10
1.5
Active
Hyderabad
Private Company
0.33
TPG, Advent International, Steadview, Tiger Global Management, Accel
Zepto
Consumer Services
2021
2023
2
5.0
Active
Bengaluru
Private Company
2.10
Glade Brook Capital Partners, Nexus Venture Partners, Lightspeed Venture Partners, Y Combinator, Contrary Capital
Zerodha
Fintech
2010
2020
10
3.6
Active
Bengaluru
Private Company
Bootstrapped
Nikhil Kamath, Nithin Kamath, Kailash N. Gupta, Seema Patil, Venu Madhav
Zeta
FIntech
2016
2021
5
2.0
Active
Bengaluru
Private Company
0.39
Mastercard, Optum, Sodexo, SoftBank
Zetwerk
Enterprise Services
2018
2021
3
3.1
Active
Bengaluru
Private Company
0.87
Khosla Ventures, Rakesh Gangwal, Greenoaks, Accel, Lightspeed India
Zoho
Enterprise Tech
1996
Not Available
Not Available
1.0
Active
Chennai
Private Company
Bootstrapped
No external investor data was found in the provided material.
Skyroot Aerospace
Spacetech
2018
2026
12
1.1
Active
Hyderabad
Private Company
0.16
Sherpalo Ventures, GIC, BlackRock, Arkam Ventures
KreditBee
Fintech
2016
2026
10
1.5
Active
Bengaluru
Private Company
0.64
Arkam Ventures,Hornbill Capital, Premji Invest
Juspay
Ecommerce
2012
2026
14
1.2
Active
Bengaluru
Private Company
0.17
WestBridge Capital, Kedaara Capital, SoftBank, and Accel
Read our methodology here.
India’s Top Unicorn Hotspots
Bengaluru remains India’s undisputed unicorn capital, with 54 startups headquartered in the city. The city’s position is backed by a mix of engineering talent, established investor networks, and consistent startup activity.
The city led startup funding in 2025, attracting over $4.5 Bn capital, with companies like Razorpay, Meesho, Udaan, Rapido, Zepto, among others, raising substantial rounds.
What’s notable is the continued concentration of new unicorns in the city. According to Inc42 analysis, eight out of the 10 startups that joined the unicorn club in 2024 and 2025 are headquartered in Bengaluru. Three of the five new entrants in 2026 — Juspay, KreditBee and Sarvam — are headquartered in Bengaluru.
Close behind, Delhi NCR and Mumbai take the second and third spots, with 41 and 18 unicorns, respectively.
Meanwhile, other hubs are slowly coming into their own. Pune now boasts eight unicorns, benefitting from its product-first culture and talent pool. Chennai has produced five unicorns, anchored by strong manufacturing and SaaS roots. Hyderabad startup cohort, though smaller in count with three unicorns, continues to build quietly in deeptech and healthtech. Notably, Skyroot Aerospace is based in the city.
Sectors Driving India’s Unicorn Boom
Ecommerce, fintech, and enterprise tech continue to anchor India’s unicorn story. Of the 131 startups that have entered the unicorn club so far, 31 operate in ecommerce, 26 in fintech, and 20 in enterprise tech.
But beyond the headline sectors, other categories are also seeing steady momentum.
Sectors like media and entertainment, logistics, edtech, and consumer services account for seven unicorns each, reflecting rising demand for digital content, last-mile delivery, affordable education, and everyday convenience.
Travel tech and healthtech follow closely, with six unicorns each, indicating that Indian startups are also making strides in sectors driven by post-pandemic recovery, wellness, and global mobility. Meanwhile, with the entry of Skyroot, India also has a spacetech unicorn now. Sarvam became the second AI unicorn of the country, after Krutrim. However, Krutrim has pivoted from sovereign AI ambitions to AI cloud infrastructure services.
The Indian Unicorn Tracker will be updated periodically with fresh data, funding rounds, and exits. Stay tuned.
Last Updated | June 23, 2026
The post Indian Unicorn Tracker: Funding, Investors, Revenue And More appeared first on Inc42 Media.
No comments