India adds 11 new unicorns in 2025, Bengaluru becomes India’s ‘unicorn capital’ – Check who’s top and key exits – Industry News

India’s startup ecosystem continued its strong growth momentum in 2025, with 11 new unicorns joining the list. This is according to the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025.  With the new addition, India is now home to 73 unicorns, 

Ai.tech becomes fastest unicorn

Artificial intelligence and machine learning startup, Ai.tech emerged as India’s fastest unicorn, reaching a valuation of $1.5 billion in under three years. Notably, the company achieved this milestone without external funding, making it one of the few bootstrapped unicorns.

Other new unicorns include Navi Technologies, Rapido, Jumbotail, DarwinBox, Moneyview, Juspay, Veritas Finance, Netradyne, Vivriti Capital, and Drools.

Bengaluru leads India’s unicorn hubs; IITs produce 160 founders

Bengaluru remains the capital of India’s unicorn ecosystem, home to 26 unicorns worth $70 billion and 41 future unicorns valued at $16 billion. Delhi-NCR follows with 12 unicorns and 36 future unicorns, while Mumbai houses 11 unicorns and 28 future unicorns.

In terms of institutions, IITs have produced 160 unicorn, gazelle and cheetah founders, with IIT Delhi leading the tally. At the postgraduate level, IIM Ahmedabad and ISB dominate.

The report caccording to the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025. 

Real money gaming exits list

The year also saw real money gaming giants like Dream11, MPL, Gameskraft, Games24x7, Zupee and WinZO exit the list after the Online Gaming Bill 2025 dented their valuations. The legislation brought stricter rules on licensing, taxes, and advertising, forcing companies to adapt to a new regulatory regime.

Fintech dominates India’s unicorn landscape

Fintech remains the strongest driver of India’s unicorn story with 19 unicorns valued at $50.1 billion. It also dominates the future unicorn pipeline with 29 startups worth $12.9 billion. Sectors like SaaS and e-commerce follow closely, while artificial intelligence, aerospace, and cleantech are emerging as new growth engines.

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