The Hurun India Unicorn Report 2025 has revealed the ten most valuable startups in the country. These companies, commonly called unicorns, are valued at over $1 billion and represent India’s rapid growth in technology, finance, and e-commerce sectors.
Zerodha leads the list with a valuation of $8.2 billion. The Bengaluru-based discount brokerage platform has transformed the way Indians trade by offering low-cost, technology-driven solutions for retail investors, making stock market participation easier and more accessible.
Razorpay comes in second with a valuation of $7.5 billion. It is a leading fintech company that provides businesses with a seamless way to accept, process, and manage online payments, becoming a key player in India’s digital payments ecosystem.
Lenskart also holds a valuation of $7.5 billion and is one of India’s most successful e-commerce brands. Known for its wide range of eyewear products, Lenskart has made prescription glasses and contact lenses affordable and easy to order online.
Groww is valued at $7 billion and has become one of the most popular platforms for first-time investors in India. It offers simple tools for investing in mutual funds, stocks, and other financial products, encouraging young Indians to start building wealth.
Zepto, valued at $5.9 billion, is a fast-growing quick-commerce startup that delivers groceries and essentials in just minutes. Its focus on speed and convenience has helped it stand out in the competitive online grocery market.
InMobi, valued at $5 billion, is a global advertising technology company that helps brands reach mobile users effectively. Its platforms support personalized and targeted ads, driving results for businesses worldwide.
OfBusiness, also valued at $5 billion, operates as a B2B marketplace that supplies raw materials to small and medium enterprises. It provides financing options and helps businesses streamline their procurement processes.
Icertis, with a $5 billion valuation, is a software company specializing in contract lifecycle management. Its cloud-based platform helps companies across the globe manage contracts more efficiently and reduce compliance risks.
PRISM, a part of OYO, is valued at $5 billion and focuses on technology and hospitality services. Its innovations contribute to OYO’s mission of offering affordable stays and better hotel experiences to travelers.
Meesho completes the top ten list with a valuation of $3.9 billion. The e-commerce platform empowers small sellers and home-based entrepreneurs to sell products through social media channels, making online business more inclusive.
