In the dynamic landscape of India’s startup ecosystem, achieving unicorn status—a valuation exceeding $1 billion—is a significant milestone. In 2025, several Indian startups crossed this threshold, reflecting the country’s innovation and entrepreneurial spirit. Here’s an overview of these remarkable companies:
1. Netradyne
- Founders: Avneesh Agrawal and David Julian
- Founded: 2015
- Headquarters: Bengaluru, Karnataka
- Industry: Artificial Intelligence, Fleet Management
- Website: Netradyne
Netradyne specializes in AI-driven fleet safety and video telematics solutions. Their flagship product, Driver•i, uses advanced technology to enhance driver safety by analyzing vehicle data and video. In January 2025, Netradyne became the year’s first unicorn after raising $90 million in a Series D funding round led by Point72 Private Investments, with Qualcomm Ventures and Pavilion Capital participation.
2. Ather Energy
- Founders: Tarun Mehta and Swapnil Jain
- Founded: 2013
- Headquarters: Bengaluru, Karnataka
- Industry: Electric Vehicles
- Website: Ather Energy
Ather Energy is a leading manufacturer of electric two-wheelers in India, known for its innovative scooters like the Ather 450 series. In August 2024, the company secured ₹600 crore from the National Investment and Infrastructure Fund (NIIF), elevating its valuation to $1.3 billion.
3. Moneyview
- Founders: Puneet Agarwal and Sanjay Aggarwal
- Founded: 2014
- Headquarters: Bengaluru, Karnataka
- Industry: FinTech
- Website: Moneyview
Moneyview offers personal loans, financial management solutions, and credit tracking services. In September 2024, it raised ₹38.6 crore from Accel India and Nexus Ventures, achieving a valuation of $1.2 billion.
4. Rapido
- Founders: Rishikesh SR, Pavan Guntupalli, and Aravind Sanka
- Founded: 2015
- Headquarters: Bengaluru, Karnataka
- Industry: Ride-Hailing Services
- Website: Rapido
Rapido is a ride-hailing platform primarily operating in the bike taxi and auto transportation segments. In July 2024, it entered the unicorn club after raising $120 million in its Series E round, led by WestBridge Capital, reaching a valuation of over $1 billion.
5. RateGain
- Founder: Bhanu Chopra
- Founded: 2004
- Headquarters: Noida, Uttar Pradesh
- Industry: Travel Technology, SaaS
- Website: RateGain
RateGain offers SaaS solutions for travel and hospitality businesses, helping brands accelerate revenue generation. As of January 2025, its market capitalization stood at approximately $953.3 million, nearing unicorn status.
6. Perfios
- Founders: VR Govindarajan and Debasish Chakraborty
- Founded: 2008
- Headquarters: Bengaluru, Karnataka
- Industry: FinTech, SaaS
- Website: Perfios
Perfios operates in the fintech SaaS space, working with over 1,000 financial institutions across 18 countries. In 2024, it joined the unicorn club after securing $80 million in funding from the Teachers’ Venture Growth (TVG), part of the Ontario Teachers’ Pension Plan.
7. Krutrim
- Founder: Bhavish Aggarwal
- Founded: 2023
- Headquarters: Bengaluru, Karnataka
- Industry: Artificial Intelligence
- Website: Krutrim
Krutrim is an AI startup that has developed models capable of understanding over 20 Indian languages. In January 2024, it became India’s first AI unicorn after a $50 million funding round led by Matrix Partners India.
8. Zepto
- Founders: Aadit Palicha and Kaivalya Vohra
- Founded: 2021
- Headquarters: Mumbai, Maharashtra
- Industry: Quick Commerce
- Website: Zepto
Zepto is a rapid-delivery grocery startup offering ultra-fast delivery services across major Indian cities. It reached unicorn status in 2024 after securing $200 million in a funding round led by StepStone Group and Goodwater Capital, bringing its valuation to $1.4 billion.
9. Curefoods
Founders: Ankit Nagori
Founded: 2020
Headquarters: Bengaluru, Karnataka
Industry: Cloud Kitchen
Website: Curefoods
Curefoods operates a network of cloud kitchens offering a variety of food brands. The company has scaled rapidly by acquiring and growing multiple digital-first food brands. It reached unicorn status in 2025 after raising $120 million in a funding round led by Accel and Iron Pillar.
10. Euler Motors
Founders: Saurav Kumar
Founded: 2018
Headquarters: New Delhi
Industry: Electric Commercial Vehicles
Website: Euler Motors
Euler Motors focuses on sustainable urban transportation by manufacturing electric three-wheelers for commercial use. It became a unicorn in early 2025 after securing $100 million in Series D funding from GIC and Athera Venture Partners.
11. Log9 Materials
Founders: Akshay Singhal
Founded: 2015
Headquarters: Bengaluru, Karnataka
Industry: Advanced Battery Technology
Website: Log9 Materials
Log9 Materials is pioneering battery technology with its fast-charging and high-performance lithium-ion batteries. In 2025, the company joined the unicorn club after raising $90 million from Amara Raja Batteries and Sequoia Capital.
12. KreditBee
Founders: Madhusudan Ekambaram, Anukool Bhatnagar, and Ramakrishna R
Founded: 2018
Headquarters: Bengaluru, Karnataka
Industry: Consumer Lending Platform
Website: KreditBee
KreditBee offers instant personal loans to salaried and self-employed individuals. With a rapidly growing customer base, it became a unicorn in 2025 after raising $120 million in a funding round led by Premji Invest and TPG-backed funds.
13. Zolve
Founders: Raghunandan G
Founded: 2021
Headquarters: Bengaluru, Karnataka
Industry: Financial Services for Immigrants
Website: Zolve
Zolve provides banking and financial solutions for immigrants moving to the US. It achieved unicorn status in 2025 after raising $80 million in funding from Accel, Lightspeed Venture Partners, and SoftBank.
14. BlueStone
Founders: Gaurav Singh Kushwaha
Founded: 2011
Headquarters: Bengaluru, Karnataka
Industry: Online Jewelry Brand
Website: BlueStone
BlueStone is an online jewelry retailer offering customized and contemporary designs. It crossed the $1 billion valuation mark in 2025 after securing $110 million in funding from investors including Peak XV Partners and Catamaran Ventures.
15. Dunzo
Founders: Kabeer Biswas, Dalvir Suri, Ankur Aggarwal, and Mukund Jha
Founded: 2015
Headquarters: Bengaluru, Karnataka
Industry: Hyperlocal Delivery Service
Website: Dunzo
Dunzo provides hyperlocal delivery services for groceries and medicines. In 2025, the startup became a unicorn after raising $100 million from Reliance Retail and Google.
16. MobiKwik
Founders: Bipin Preet Singh and Upasana Taku
Founded: 2009
Headquarters: Gurugram, Haryana
Industry: Digital Payments and Credit
Website: MobiKwik
MobiKwik offers digital payment solutions, mobile wallets, and BNPL (Buy Now, Pay Later) services. It entered the unicorn club in 2025 after securing $120 million in a funding round led by Abu Dhabi Investment Authority (ADIA).
17. Slice
Founders: Rajan Bajaj
Founded: 2016
Headquarters: Bengaluru, Karnataka
Industry: Fintech (Credit Card Alternative)
Website: Slice
Slice offers a simplified credit card alternative for young professionals and students. It achieved unicorn status in 2025 after raising $110 million from Tiger Global and Insight Partners.
18. NoBroker
Founders: Akhil Gupta, Amit Agarwal, and Saurabh Garg
Founded: 2014
Headquarters: Bengaluru, Karnataka
Industry: Real Estate Platform
Website: NoBroker
NoBroker is a real estate platform that eliminates middlemen by connecting buyers, sellers, and tenants directly. It crossed the $1 billion valuation mark in 2025 following a $100 million funding round led by General Atlantic and Elevation Capital.
19. Licious
Founders: Abhay Hanjura and Vivek Gupta
Founded: 2015
Headquarters: Bengaluru, Karnataka
Industry: Online Meat and Seafood Retailer
Website: Licious
Licious delivers fresh meat, seafood, and ready-to-cook products. It became a unicorn in 2025 after securing $150 million in funding from Temasek and Bertelsmann India Investments.
20. Rebel Foods
Founders: Jaydeep Barman and Kallol Banerjee
Founded: 2011
Headquarters: Mumbai, Maharashtra
Industry: Cloud Kitchen Operator
Website: Rebel Foods
Rebel Foods operates multiple cloud kitchen brands, including Faasos, Behrouz Biryani, and Oven Story. It joined the unicorn club in 2025 after raising $130 million from Sequoia Capital and Goldman Sachs.
Conclusion
India’s startup ecosystem continues to thrive, with new unicorns emerging across diverse industries. These startups highlight the nation’s dynamic entrepreneurial landscape, from AI-driven innovations to electric mobility and fintech solutions. With strong investor backing and a growing demand for innovative solutions, India’s unicorn club is set to expand even further in the coming years. Stay tuned with FounderLabs for more updates on India’s fastest-growing startups and the next wave of unicorns shaping the future!
