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Indian Unicorn Tracker: Funding, Investors, Revenue And More

  • The year 2025 started with Netradyne becoming India's first unicorn, following a funding slump.
  • India had 45 unicorns in 2021, 22 in 2022, two in 2023, and seven in 2024.
  • 122 Indian startups have achieved unicorn status, with the pace of new entrants slowing down.
  • Startups are focusing more on sustainable models and profitability amid selective funding.
  • As of May 2025, Indian unicorns collectively raised over $115 Bn and have a valuation exceeding $363 Bn.
  • Bengaluru leads as India's unicorn capital, with 50 startups, with strong engineering talent and investor networks.
  • Delhi NCR and Mumbai follow with 39 and 17 unicorns, while Pune and Chennai have 8 and 5 unicorns, respectively.
  • Ecommerce, fintech, and enterprise tech dominate the unicorn landscape, with media, logistics, consumer services, and edtech also thriving.
  • Travel tech and healthtech sectors are gaining momentum, reflecting post-pandemic trends.
  • The Indian Unicorn Tracker by Inc42 provides comprehensive data on unicorns, funding, investors, and more.

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