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India’s Unicorn Club: Here’s The Comprehensive List Of 100+ Unicorns In India In 2013, venture capitalist Aileen Lee introduced the term ‘unicorn’ to describe the rarity of startups achieving a valuation of over $1 Bn. A decade later, unicorns in India have become emblematic of the country’s flourishing startup ecosystem. By May 2022, India celebrated a landmark moment when neobanking startup Open raised $50 Mn, earning the distinction of being the nation’s 100th unicorn. This milestone was the result of an extraordinary funding surge in 2021, during which Indian startups raised $42 Bn across 1,583 deals and minted a record 45 unicorns in a single year. Since the inception of its first unicorn, InMobi, in 2011, India’s journey has been one of rapid growth and innovation. Government initiatives like Startup India, launched in 2015, have played a vital role in nurturing this ecosystem through favourable policies, funding programmes, tax incentives, and incubation efforts. However, this meteoric rise has not been without its challenges. After years of high momentum, the startup ecosystem faced a funding winter in 2023, with only two unicorns emerging that year as investor confidence wavered. The year 2024, however, marked a turning point. India’s startup ecosystem rebounded with six new companies joining the billion-dollar valuation club, bringing the total to 118 unicorns that have collectively raised over $100 Bn in funding. This resurgence was fuelled by higher capital inflow, with startups securing $8.7 Bn in the first nine months of 2024, a significant 20% increase compared to the same period in 2023. The diversity of unicorns added in 2024 reflected the evolving landscape of Indian tech innovation. The year also saw the country’s first unicorn in the generative AI sector, Krutrim, led by Bhavish Aggarwal, along with entries from cleantech (Ather Energy) and mobility (Rapido). While 2024’s unicorn tally was far below the highs of 2021 and 2022, the year provided a much-needed boost of confidence in India’s third-largest startup ecosystem. The Indian startup ecosystem got its first unicorn of 2025 with Bengaluru-based deeptech startup Netradyne raising $90 Mn in a Series D funding round, achieving a post-money valuation of $1.34 Bn. After this, Porter and Drools joined the unicorn club. Porter, an on-demand logistics platform, became 2025’s second unicorn after raising $200 Mn in a Series F round led by Kedaara Capital and Wellington Management. Bengaluru-based pet food brand Drools followed, hitting a $1 Bn valuation after a minority investment from Nestlé Check out the complete list of all 122 Indian unicorns, along with their business, journey, founders and more here :- https://inc42.com/features/indias-unicorn-club-the-comprehensive-list-of-unicorns-in-india/ 🌝👑