The Full List of 87 Unicorn Startups in India (2026)
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.
Top 10 Most Valuable Indian Unicorns
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 |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2006 |
| Founders | Mukesh Ambani |
| Funding Amount | $8.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | TPG, 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 |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2010 |
| Founders | Mukesh Ambani |
| Funding Amount | $28.4B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Vista 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 |
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2011 |
| Founders | Byju Raveendran, Divya Gokulnath |
| Funding Amount | $6.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Peak 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 |
| Headquarters | Andheri, Maharashtra, India |
| Year Founded | 2015 |
| Founders | Burzin Engineer, Rahul Chari, Sameer Nigam |
| Funding Amount | $3.2B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | General 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 |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 1994 |
| Founders | — |
| Funding Amount | ₹31.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | British 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 |
| Headquarters | Mumbai, Maharashtra, India |
| Year Founded | 2022 |
| Founders | — |
| Funding Amount | ₹38.5B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Undisclosed |
| Top Investors | British 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 |
| Headquarters | Andheri, Maharashtra, India |
| Year Founded | 2021 |
| Founders | — |
| Funding Amount | ₹75B |
| Company Size | Lean Team (11-50) |
| Last Funding Status | Venture Round |
| Top Investors | TPG 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) |
| Headquarters | Bandra, Maharashtra, India |
| Year Founded | 2008 |
| Founders | — |
| Funding Amount | $1.2B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Alpha 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) |
| Headquarters | Bangalore, Karnataka, India |
| Year Founded | 2014 |
| Founders | Harshil Mathur, Shashank Kumar |
| Funding Amount | $816.4M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | Ribbit 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) |
| Headquarters | Parel, Maharashtra, India |
| Year Founded | 2021 |
| Founders | Aadit Palicha, Kaivalya Vohra |
| Funding Amount | $2.6B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series H |
| Top Investors | General 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 Startup | Main Industry | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
 Groww | Fintech | 2016 | $593.3M | $7B |
 Snapdeal | Retail | 2005 | $1.8B | $7B |
 Ola | Media | 2010 | $5B | $7B |
 CRED | Fintech | 2018 | $873.6M | $6.4B |
 Lenskart | Logistics | 2008 | $1.8B | $6B |
 Biocon Biologics | Biotech | 1978 | $482.4M | $6B |
 Pine Labs | Fintech | 1998 | $1.2B | $5B |
 VerSe Innovation | Media | 2007 | $1.7B | $5B |
 ShareChat | Infrastructure | 2015 | $1.8B | $5B |
 OfBusiness | Fintech | 2015 | $989.8M | $5B |
 Meesho | Retail | 2015 | $1.7B | $4B |
 Upstox | Fintech | 2009 | $143.3M | $4B |
 OYO | Travel | 2012 | $3.6B | $4B |
 Unacademy | Education | 2015 | $838.5M | $3.44B |
 CARS24 | Mobility | 2015 | $1.3B | $3.3B |
 Eruditus Executive Education | Education | 2010 | $1.6B | $3.1B |
 Zetwerk | Enterprise | 2018 | $882M | $3.1B |
 BharatPe | Media | 2018 | $823.2M | $3B |
 Physics Wallah | Education | 2014 | $312M | $3B |
 Infra.Market | Enterprise | 2016 | $980.8M | $3B |
 Games24x7 | Sports | 2006 | $75M | $3B |
 Paytm Mall | Retail | 2010 | $795M | $3B |
 Mobile Premier League | Gaming | 2018 | $390.5M | $2.45B |
 UpGrad | Education | 2015 | $782.7M | $2.25B |
 CoinDCX | Crypto | 2018 | $247M | $2.15B |
 Polygon | Crypto | 2017 | $451.5M | $2B |
 Rapido | Data | 2015 | $825.4M | $2B |
 Spinny | Mobility | 2015 | $683.5M | $2B |
 InMobi | Marketing | 2007 | $424.3M | $2B |
 Glance | AI | 2019 | $390M | $2B |
 Yubi | Fintech | 2017 | $226.7M | $2B |
 CoinSwitch | Crypto | 2017 | $301.5M | $2B |
 Molbio Diagnostics | Biotech | 2000 | $117.5M | $2B |
 slice | Fintech | 2016 | $386.9M | $2B |
 Mu Sigma | Analytics | 2004 | $211.9M | $2B |
 Udaan | Enterprise | 2016 | $2.1B | $2B |
 Xpressbees | Logistics | 2015 | $622.3M | $2B |
 DealShare | Retail | 2018 | $390.3M | $2B |
 Cult.fit | Media | 2016 | $636.8M | $2B |
 Meril Life | Healthcare | 2006 | ₹15B | $2B |
 ElasticRun | Retail | 2016 | $434.8M | $2B |
 boAt | Media | 2016 | $177M | $1.4B |
 Rebel Foods | Retail | 2011 | $829.6M | $1.4B |
 Pristyn Care | Healthcare | 2018 | $181M | $1.4B |
 Purplle | Fashion | 2012 | $476.1M | $1.3B |
 Shiprocket | AI | 2017 | $424.6M | $1.21B |
 Raise Financial Services | Fintech | 2021 | $148M | $1.2B |
 Porter | Logistics | 2014 | $356.9M | $1.2B |
 Livspace | Retail | 2014 | $482.5M | $1.2B |
 CarDekho | Mobility | 2008 | $501.1M | $1.2B |
 The Good Glamm Group | Fashion | 2015 | $213.9M | $1.2B |
 Moneyview | Fintech | 2014 | $188.3M | $1.2B |
 Apna | Media | 2019 | $193.5M | $1.1B |
 LEAD | Education | 2012 | $185.6M | $1.1B |
 InCred | Fintech | 2016 | $428.3M | $1.05B |
 Krutrim | AI | 2023 | $303.7M | $1B |
 Acko | InsurTech | 2016 | $458M | $1B |
 Vedantu | Education | 2011 | $306.2M | $1B |
 NoBroker | Real Estate | 2014 | $379.9M | $1B |
 Licious | Logistics | 2015 | $489.5M | $1B |
 JSW One | Manufacturing | 2020 | ₹7.8B | $1B |
 FPL Technologies | Fintech | 2019 | $265.1M | $1B |
 Jumbotail | Retail | 2015 | $298.6M | $1B |
 Darwinbox | AI | 2015 | $307.3M | $1B |
 Aragen Life Sciences | Biotech | 2001 | $184.2M | $1B |
 GlobalBees | Retail | 2021 | $308.1M | $1B |
 Oxyzo | Fintech | 2016 | $273.9M | $1B |
 Open Financial Technologies | Fintech | 2017 | $190.8M | $1B |
 Mensa Brands | Retail | 2021 | $293.9M | $1B |
 Droom | Mobility | 2014 | $335.6M | $1B |
 Rivigo | Mobility | 2014 | $287M | $1B |
 Quikr | Marketing | 2008 | $424.2M | $1B |
 Veritas Finance | Fintech | 2015 | $353M | $1B |
 Perfios Software Solutions | Enterprise | 2008 | $441.2M | $1B |
 LeadSquared | SaaS | 2011 | $187.9M | $1B |
 Hasura | Cloud | 2017 | $136.5M | $1B |
 1mg | Logistics | 2015 | $230.8M | $1B |
