India's unicorn club already has 73 startup companies, with 11 more joining in 2025: Report

This year, eleven more Indian firms have reached the unicorn club, bringing the total to 73.  In terms of unicorns, the nation has the third-largest startup environment globally.

Among the new companies that have been added to the list this year thus far are Navi Technologies, Ai.tech, Darwinbox, Netradyne, Rapido, and Jumbotail.

Hurun India stated in a report that the largest brokerage, Groww, is valued at $7 billion, while the bargain brokerage, Zerodha, is valued at $8.2 billion, followed by Razorpay and Lenskart, each at $7.5 billion.

The B2B corporate services marketplace Ofbusiness, the mobile advertising company Inmobi Adtech, the SaaS player Icertis, the hotel aggregator Oyo, the delivery platform Meesho, and the rapid commerce platform Zepto, each with $5.9 billion, round out the top 10 list.

Over 2,06,000 people are employed by these rapidly expanding firms combined, with Lenskart, Of Business, and Physicswallah standing out as the biggest employers.

The report also emphasizes the ecosystem's growing diversity by highlighting female founders including Garima Sawhney (Pristyn Care), Vineeta Singh (Sugar Cosmetics), and Ruchi Kalra (OfBusiness).  Kaivalya Vohra and Aadit Palicha, both 22 years old, are two of Zepto's youngest unicorn founders.

With 26 unicorns valued at a combined $70 billion, Bengaluru remains the leader geographically, followed by Delhi-NCR and Mumbai.  When it comes to the number of unicorns and their valuations, the fintech sector continues to be the strongest.

Multiple investors' investing activity in the startup ecosystem increased slightly, and Peak XV Partners emerged as the biggest backer with 42 bets across firms so far this year.