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.