As many as eleven new startups have joined the unicorn club in India in 2025, the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025 has said. This number has taken the total number of unicorns to 73.
Startups like Navi Technologies, Ai.tech, Darwinbox, Netradyne, Rapido and Jumbotail are amongst the new set that have been added to the list this year. Economic Times reported that the startup ecosystem in India has been a witness to the funding activity from several investors and that Peak XV Partners have come out as the largest backers with 42 bets across the ecosystem.
Meanwhile, as India’s unicorn club continues to expand, Zerodha is currently leading the pack at a valuation of $8.2 billion, followed by Razorpay and Lenskart at $7.5 billion each, and Groww at $7 billion, according to the report.
Collectively, these high-growth startups employ more than 206,000 people, with Lenskart, OfBusiness, and PhysicsWallah emerging as the largest employers.
The report also highlighted the increasing diversity in the ecosystem, pointing to women founders such as Ruchi Kalra (OfBusiness), Vineeta Singh (SUGAR Cosmetics), and Garima Sawhney (Pristyn Care). Among the youngest unicorn founders are 22-year-olds Kaivalya Vohra and Aadit Palicha of Zepto.
On the geographical front, Bengaluru continues to dominate with 26 unicorns worth a combined $70 billion, followed by Delhi-NCR and Mumbai. Sector-wise, fintech remains the strongest segment, leading both in terms of the number of unicorns and their valuations.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
