Hurun India Unicorn Report 2025: Top 10 Indian startups with the biggest valuations
1 / 10
Zerodha | Founded in 2010 by Nithin (45) and Nikhil Kamath (39), Bengaluru-based Zerodha tops India’s unicorn list with a valuation of $8.2 billion.
2 / 10Razorpay | FinTech giant Razorpay, founded in 2014 by Harshil Mathur and Shashank Kumar, is valued at $7.5 billion. Headquartered in Bengaluru, it has become a leader in digital payments solutions for businesses.
3 / 10Lenskart | Founded in 2010 by Peyush Bansal, Amit Chaudhary, Neha Bansal, Sumeet Kapahi, Ramneek Khurana, Gurugram-based eyewear brand Lenskart is valued at $7.5 billion, making it one of India’s most valuable consumer unicorns. With over 17,600 employees, it also ranks as the largest unicorn employer in the country.
4 / 10Groww | Investment platform Groww, founded in 2016, has reached a valuation of $7 billion. Founded by Harsh Jain, Ishan Bansal, Lalit Keshre, Neeraj Singh, the fintech is based in Bengaluru and posted 119% revenue growth.
5 / 10Zepto | Founded in 2021 by Aadit Palicha (22) and Kaivalya Vohra (22), Zepto is valued at $5.9 billion and became a unicorn in two years. The quick-commerce disruptor has posted 120% revenue growth, making it one of the fastest-scaling consumer internet companies in India.
6 / 10InMobi | AdTech pioneer InMobi, founded in 2007 by Abhay Singhal, Mohit Saxena, Naveen Tewari and Piyush Shah, is valued at $5 billion. Headquartered in Bengaluru, it has emerged as a global leader in mobile advertising and monetisation, representing India’s early wave of global-scale unicorns.
7 / 10OfBusiness | Founded in 2015 by Asish Mohapatra, Ruchi Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, Gurugram-based OfBusiness is valued at $5 billion. With a workforce of 17,000 employees, it ranks among India’s top unicorn employers. Its enterprise services model demonstrates the potential of B2B marketplaces.
8 / 10Icertis | Contract lifecycle management firm Icertis, founded in 2009 by Monish Darda and Samir Bodas, has grown into a global SaaS leader. With headquarters in Bellevue and significant operations in India, it holds a valuation of $5 billion.
9 / 10PRISM (OYO) | Founded in 2013 by Ritesh Agarwal (31), Gurugram-based hospitality brand PRISM (OYO) is valued at $5 billion. It is also one of India’s most funded unicorns, having raised $3.7 billion across multiple rounds.
10 / 10Meesho | E-commerce player Meesho, founded in 2015 by Sanjeev Barnwal and Vidit Aatrey, is valued at $3.9 billion. Headquartered in Bengaluru, it empowers small sellers and entrepreneurs across India. With 5,000 employees, it is also one of the top job creators.
Source: www.cnbctv18.com