From Zerodha to Zepto: Ask Private Wealth and Hurun India release ‘Unicorn Report 2025’ list — check who made to top 20
Ask Special Wealth and Hurun India, the Fifth ‘Unicorn and Future Unicorn Report, which was established in the 2000s and at least the Indian initiatives, which was worth at least, published 2025. La1,710 Crore and has not yet been listed on a public stock exchange.
The report categorizes 1 billion dollars and more as unicorn horses, while the ‘gazelle’ with $ 500 to 1 billion dollars and companies that are valued between 200-500 million dollars ‘Fence’. In particular, fennels are the potential to go unicorn in five years, it may take three years for Gazelles to reach a billion dollar valuation.
A moment of image of India’s initial ecosystem: 73 unicorn horse, 150 potential
The report listed India’s initiatives financed by the most valuable private capital or venture capital, according to the latest financing tour values. Hurun Research found 150 Indian future unicorn horse and 73 unicorn horses.
According to Rajesh Saluja, CEO and MD CEO of Special Specialism, he said that India’s starting ecosystem journey is inspiring a “strong innovation and economic value creation motor”. He added that profitability, sustainable models and increasing focus on capital efficiency are particularly encouraging aspects.
Saluja, “Fintech, Artificial Intelligence (AI), Software (Saas) and consumer sectors as a service, the increasing depth not only emphasizes the creativity of Indian entrepreneurs, but also India is at the forefront of shaping the next global disruptive wave, Sal Saluja added.
Anas Rahman Junaid, the founder and chief researcher of Hurun India, said that watching unicorn horses is important for ılar representing the most valuable and destructive companies of India, which already shapes industries, creates large -scale employment and attracts global capital ”.
“(Unicorn horses), together with future unicorn horses, offers a full picture of India’s innovation pipeline and the long -term potential of the country’s entrepreneurial ecosystem,” Junaid said.
Top 20 Unicorns 2025 in India – Check the full list
In particular, Zerodha (worth 8.2 billion dollars), Razorpay ($ 7.5 billion) and Lenskart (7.5 billion dollars) are India’s most valuable single horn. In terms of sectors, fintech dominates the starting area with 19 companies worth 50.1 billion dollars, then e-commerce (12 companies worth $ 33.1 billion) and Saas (11 companies worth 26.9 billion dollars).
Among the founders, Kaivalya Vohra and 22 -year -old Zepto’s founding partner Aadit Palicha are the youngest unicorn horse founders of India; For women, leaders such as Ruchi Calra (shoulder and Oxyzo), Vineeta Singh (Candy Cosmetics) and Garima Sawhney (Pristyn Care) manage the package.
