India has become one of the world’s biggest hubs for unicorns, which are startups valued at more than $1 billion. By 2025, the country is home to several fast-growing companies across fintech, e-commerce, SaaS, and technology services. These unicorns are not only changing how Indians shop, invest, and do business but also showing the world the strength and creativity of India’s startup ecosystem.
India’s Growing Unicorn Family
- Global numbers: The world has 1,523 unicorns in 2025, up by 70 from last year.
- India’s strength: With 73 unicorns, India ranks only behind the USA and China.
- New unicorns: This year, companies like Rapido, DarwinBox, and Moneyview joined the unicorn club.
- Jobs created: Together, Indian unicorns employ more than 206,000 people. Among them, Lenskart, OfBusiness, and PhysicsWallah are the biggest job providers.
Where the Unicorns Live?
Geography plays a big role in India’s unicorn success:
- Bengaluru leads with 26 unicorns worth $70 billion.
- Delhi-NCR follows with 12 unicorns worth $36.3 billion.
- Mumbai comes next with 11 unicorns valued at $22.8 billion.
Clearly, Bengaluru remains the startup capital of India.
Most Valuable Unicorn in the World
Zerodha Broking Ltd, based in Bengaluru, is the most valuable unicorn in the world with a valuation of $8.2 billion. It is a leading FinTech company that has transformed the way Indians invest and trade. Zerodha provides an online trading platform for stocks, derivatives, commodities, currencies, bonds, and mutual funds. Founded by brothers Nithin and Nikhil Kamath, the company is a member of NSE, BSE, and MCX, making it a trusted name in financial services.
Top-10 Most Valuable Unicorns in 2025
Zerodha of Bengaluru, with the valuation of $8.2 billion, stands as the most valuable unicorn in the world by 2025, followed by Razopay, Lenskart and Groww.
Here is the list of top-10 most valuable unicorns in 2025:
| Rank | Company | Valuation | Sector | Headquarter |
| 1. | Zerodha | $8.2 B | FinTech | Bengaluru |
| 2. | Razorpay | $7.5 B | FinTech | Bengaluru |
| 3. | Lenskart | $7.5 B | E-Commerce | Gurugram |
| 4. | Groww | $7.0 B | FinTech | Bengaluru |
| 5. | Zepto | $5.9 B | E-Commerce | Bengaluru |
| 6. | InMobi | $5.0 B | AdTech | Bengaluru |
| 7. | OfBusiness | $5.0 B | Enterprise Services | Gurugram |
| 8. | Icertis | $5.0 B | SaaS | Bellevue |
| 9. | PRISM (OYO) | $5.0 B | Hospitality | Gurugram |
| 10. | Meesho | $3.9 B | E-Commerce | Bengaluru |


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