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The Full List of 87 Unicorn Startups in India (2026)

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India's startup ecosystem is home to 87 unicorn companies, with a few major players leading in valuation and funding. Reliance Retail stands out with a valuation of $101B, while telecommunications firm Reliance Jio has secured $28.4B in funding.

The country also includes rapidly growing companies in various sectors, such as the EdTech platform BYJU'S, valued at $22B.

Below is the full list of 87 Indian unicorn startups at this time.

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Reliance Retail has built India’s largest network of retail stores, offering products across groceries, electronics, and fashion. They reach customers through a wide array of formats, including neighborhood shops, large supermarkets, and major digital commerce platforms.

Valuation$101B
HeadquartersMumbai, Maharashtra, India
Year Founded2006
FoundersMukesh Ambani
Funding Amount$8.3B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsTPG, Silver Lake, GIC, General Atlantic, Abu Dhabi Investment Authority

With its expansive 4G and 5G network, Reliance Jio has transformed India's telecommunications landscape by providing affordable mobile internet. Beyond connectivity, they offer a comprehensive digital ecosystem that includes fiber broadband, streaming services, and a variety of mobile applications.

Valuation$58B
HeadquartersMumbai, Maharashtra, India
Year Founded2010
FoundersMukesh Ambani
Funding Amount$28.4B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusCorporate Round
Top InvestorsVista Equity Partners, Citi, HSBC, TPG, General Atlantic

BYJU'S builds an educational technology platform that delivers personalized learning programs for K-12 students. They are recognized for their comprehensive app which features video lessons and interactive exercises to help students master academic concepts.

Valuation$22B
HeadquartersBangalore, Karnataka, India
Year Founded2011
FoundersByju Raveendran, Divya Gokulnath
Funding Amount$6.3B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsPeak XV Partners, Bond, BlackRock, Lightspeed Venture Partners, B Capital

PhonePe created a digital payments and financial services application that has become a primary way for people in India to manage their money. The platform supports a wide range of transactions from simple money transfers to bill payments and investments, and has been instrumental in digitizing millions of local merchants.

Valuation$15B
HeadquartersAndheri, Maharashtra, India
Year Founded2015
FoundersBurzin Engineer, Rahul Chari, Sameer Nigam
Funding Amount$3.2B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsGeneral Atlantic, Tiger Global Management, Tencent, Walmart, Ribbit Capital

Mahindra Electric Automobile develops and manufactures four-wheeler passenger electric vehicles. They are focused on launching a new generation of electric SUVs built on a dedicated EV platform.

Valuation$10B
HeadquartersMumbai, Maharashtra, India
Year Founded1994
Founders
Funding Amount₹31.3B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsBritish International Investment, Temasek Holdings

They manufacture a new line of all-electric SUVs that emphasize performance and cutting-edge design. The entire lineup is built on their modular INGLO platform, which integrates advanced battery technology and driver assistance systems.

Valuation$9B
HeadquartersMumbai, Maharashtra, India
Year Founded2022
Founders
Funding Amount₹38.5B
Company SizeLarge Team (251-1,000)
Last Funding StatusUndisclosed
Top InvestorsBritish International Investment, Mahindra & Mahindra

Tata Passenger Electric Mobility operates as the dedicated electric vehicle subsidiary of Indian automaker Tata Motors. They produce a growing portfolio of consumer EVs, with models such as the Nexon EV and Punch EV leading their market offerings.

Valuation$9B
HeadquartersAndheri, Maharashtra, India
Year Founded2021
Founders
Funding Amount₹75B
Company SizeLean Team (11-50)
Last Funding StatusVenture Round
Top InvestorsTPG Rise Climate Fund

Dream11 built a leading fantasy sports platform where fans create virtual teams composed of real-life players. Their platform allows users to compete in skill-based contests across sports like cricket, football, and kabaddi.

Valuation$8B (Joined April 2019)
HeadquartersBandra, Maharashtra, India
Year Founded2008
Founders
Funding Amount$1.2B
Company SizeLarge Team (251-1,000)
Last Funding StatusVenture Round
Top InvestorsAlpha Wave Global, TPG, RedBird Capital Partners, Tiger Global Management, ChrysCapital

Razorpay has built a comprehensive payments platform for businesses to accept, process, and disburse money online. Their suite of products gives companies a unified system for managing all financial operations, from customer checkouts to vendor payouts.

Valuation$7.5B (Joined October 2020)
HeadquartersBangalore, Karnataka, India
Year Founded2014
FoundersHarshil Mathur, Shashank Kumar
Funding Amount$816.4M
Company SizeMajor Organization (1,001-5,000)
Last Funding StatusSeries F
Top InvestorsRibbit Capital, Z47, Lightspeed Venture Partners, Y Combinator, Peak XV Partners

Zepto runs a quick-commerce platform that delivers groceries and daily essentials to customers in minutes. They are known for their network of dark stores, which enables rapid delivery by stocking items close to the end consumer.

Valuation$7B (Joined August 2023)
HeadquartersParel, Maharashtra, India
Year Founded2021
FoundersAadit Palicha, Kaivalya Vohra
Funding Amount$2.6B
Company SizeEnterprise Organization (5,001+)
Last Funding StatusSeries H
Top InvestorsGeneral Catalyst, Goodwater Capital, Y Combinator, Lightspeed Venture Partners, Nexus Venture Partners

The Remaining 77 Unicorns Founded in India

The 10 most valuable companies are just the beginning of India's startup story. Across the country, founders are building businesses that are growing quickly and changing their fields.

Many of these companies are in fintech and retail, with a strong showing in education and logistics as well. Here is a look at the other unicorns that make India's startup scene so vibrant.

Unicorn StartupMain IndustryYear FoundedAmount RaisedValuation
Groww logo GrowwFintech2016$593.3M$7B
Snapdeal logo SnapdealRetail2005$1.8B$7B
Ola logo OlaMedia2010$5B$7B
CRED logo CREDFintech2018$873.6M$6.4B
Lenskart logo LenskartLogistics2008$1.8B$6B
Biocon Biologics logo Biocon BiologicsBiotech1978$482.4M$6B
Pine Labs logo Pine LabsFintech1998$1.2B$5B
VerSe Innovation logo VerSe InnovationMedia2007$1.7B$5B
ShareChat logo ShareChatInfrastructure2015$1.8B$5B
OfBusiness logo OfBusinessFintech2015$989.8M$5B
Meesho logo MeeshoRetail2015$1.7B$4B
Upstox logo UpstoxFintech2009$143.3M$4B
OYO logo OYOTravel2012$3.6B$4B
Unacademy logo UnacademyEducation2015$838.5M$3.44B
CARS24 logo CARS24Mobility2015$1.3B$3.3B
Eruditus Executive Education logo Eruditus Executive EducationEducation2010$1.6B$3.1B
Zetwerk logo ZetwerkEnterprise2018$882M$3.1B
BharatPe logo BharatPeMedia2018$823.2M$3B
Physics Wallah logo Physics WallahEducation2014$312M$3B
Infra.Market logo Infra.MarketEnterprise2016$980.8M$3B
Games24x7 logo Games24x7Sports2006$75M$3B
Paytm Mall logo Paytm MallRetail2010$795M$3B
Mobile Premier League logo Mobile Premier LeagueGaming2018$390.5M$2.45B
UpGrad logo UpGradEducation2015$782.7M$2.25B
CoinDCX logo CoinDCXCrypto2018$247M$2.15B
Polygon logo PolygonCrypto2017$451.5M$2B
Rapido logo RapidoData2015$825.4M$2B
Spinny logo SpinnyMobility2015$683.5M$2B
InMobi logo InMobiMarketing2007$424.3M$2B
Glance logo GlanceAI2019$390M$2B
Yubi logo YubiFintech2017$226.7M$2B
CoinSwitch logo CoinSwitchCrypto2017$301.5M$2B
Molbio Diagnostics logo Molbio DiagnosticsBiotech2000$117.5M$2B
slice logo sliceFintech2016$386.9M$2B
Mu Sigma logo Mu SigmaAnalytics2004$211.9M$2B
Udaan logo UdaanEnterprise2016$2.1B$2B
Xpressbees logo XpressbeesLogistics2015$622.3M$2B
DealShare logo DealShareRetail2018$390.3M$2B
Cult.fit logo Cult.fitMedia2016$636.8M$2B
Meril Life logo Meril LifeHealthcare2006₹15B$2B
ElasticRun logo ElasticRunRetail2016$434.8M$2B
boAt logo boAtMedia2016$177M$1.4B
Rebel Foods logo Rebel FoodsRetail2011$829.6M$1.4B
Pristyn Care logo Pristyn CareHealthcare2018$181M$1.4B
Purplle logo PurplleFashion2012$476.1M$1.3B
Shiprocket logo ShiprocketAI2017$424.6M$1.21B
Raise Financial Services logo Raise Financial ServicesFintech2021$148M$1.2B
Porter logo PorterLogistics2014$356.9M$1.2B
Livspace logo LivspaceRetail2014$482.5M$1.2B
CarDekho logo CarDekhoMobility2008$501.1M$1.2B
The Good Glamm Group logo The Good Glamm GroupFashion2015$213.9M$1.2B
Moneyview logo MoneyviewFintech2014$188.3M$1.2B
Apna logo ApnaMedia2019$193.5M$1.1B
LEAD logo LEADEducation2012$185.6M$1.1B
InCred logo InCredFintech2016$428.3M$1.05B
Krutrim logo KrutrimAI2023$303.7M$1B
Acko logo AckoInsurTech2016$458M$1B
Vedantu logo VedantuEducation2011$306.2M$1B
NoBroker logo NoBrokerReal Estate2014$379.9M$1B
Licious logo LiciousLogistics2015$489.5M$1B
JSW One logo JSW OneManufacturing2020₹7.8B$1B
FPL Technologies logo FPL TechnologiesFintech2019$265.1M$1B
Jumbotail logo JumbotailRetail2015$298.6M$1B
Darwinbox logo DarwinboxAI2015$307.3M$1B
Aragen Life Sciences logo Aragen Life SciencesBiotech2001$184.2M$1B
GlobalBees logo GlobalBeesRetail2021$308.1M$1B
Oxyzo logo OxyzoFintech2016$273.9M$1B
Open Financial Technologies logo Open Financial TechnologiesFintech2017$190.8M$1B
Mensa Brands logo Mensa BrandsRetail2021$293.9M$1B
Droom logo DroomMobility2014$335.6M$1B
Rivigo logo RivigoMobility2014$287M$1B
Quikr logo QuikrMarketing2008$424.2M$1B
Veritas Finance logo Veritas FinanceFintech2015$353M$1B
Perfios Software Solutions logo Perfios Software SolutionsEnterprise2008$441.2M$1B
LeadSquared logo LeadSquaredSaaS2011$187.9M$1B
Hasura logo HasuraCloud2017$136.5M$1B
1mg logo 1mgLogistics2015$230.8M$1B

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