India’s startup ecosystem has witnessed a meteoric rise in the last decade, transforming the nation into one of the world’s largest hubs for innovation and entrepreneurship. By 2025, India is home to more than 70 unicorns — privately held companies valued at over USD 1 billion.
Among them, seven stand out as the most powerful and influential, shaping not just industries but also everyday life.
1. Zerodha – The FinTech Trailblazer
- Valuation: ~USD 8.2 billion
- HQ: Bengaluru
Zerodha has revolutionized retail investing in India by offering low-cost and user-friendly trading platforms. It remains profitable while continuing to educate and empower millions of small investors, making finance accessible to the masses.
2. Razorpay – Powering India’s Digital Payments
- Valuation: ~USD 7.5 billion
- HQ: Bengaluru
Razorpay has become the backbone of digital payments in India. From startups to large enterprises, businesses rely on its seamless payment gateway and financial services. In 2025, Razorpay is expanding aggressively into lending and business banking.
3. Lenskart – Redefining Retail & Eyewear
- Valuation: ~USD 7.5 billion
- HQ: Gurugram
Lenskart blends physical retail stores with digital innovation to dominate the eyewear market. With global expansion and strong customer engagement, it stands as one of India’s most recognized consumer brands.
4. Groww – Investing Made Easy
- Valuation: ~USD 7.0 billion
- HQ: Bengaluru
Groww has emerged as a go-to investment platform for India’s young investors. It offers simple access to mutual funds, stocks, and financial products, driving financial literacy and wealth creation among first-time investors.
5. Zepto – The Quick-Commerce Disruptor
- Valuation: ~USD 5.9 billion
- HQ: Bengaluru
Founded by teenagers in 2021, Zepto has now matured into one of India’s fastest-growing unicorns. Its promise of delivering groceries and essentials within minutes has transformed consumer habits and set benchmarks in logistics efficiency.
6. OfBusiness – Fueling Enterprises
- Valuation: ~USD 5.0 billion
- HQ: Gurugram
OfBusiness caters to India’s vast SME and manufacturing sector by providing raw material procurement, credit solutions, and supply-chain services. Its unique B2B model has strengthened industries across infrastructure and construction.
7. InMobi – India’s Global AdTech Giant
- Valuation: ~USD 5.0 billion
- HQ: Bengaluru
As India’s first unicorn, InMobi continues to hold global relevance. Its advertising and marketing platforms reach millions worldwide, making it a key driver of digital transformation in the mobile economy.
These seven unicorns represent the diverse strength of Indian entrepreneurship:
- FinTech dominance: Zerodha, Razorpay, Groww are reshaping how Indians save, invest, and pay.
- New-age retail & commerce: Lenskart and Zepto highlight the shift in consumer experiences.
- Enterprise empowerment: OfBusiness strengthens India’s backbone industries.
- Global presence: InMobi continues to showcase Indian innovation at an international scale.
India’s unicorn wave shows no signs of slowing down. With sectors like AI, EV mobility, and healthtech gaining momentum, the next generation of unicorns is already in the making. What sets these powerful startups apart in 2025 is not just their billion-dollar valuations but their ability to impact millions of lives, drive economic growth, and put India at the center of global innovation.
