Top 10 Indian Unicorns to Watch in 2025

India has emerged as one of the largest and most vibrant startup ecosystems in the world. In 2025, Indian unicorns (startups valued at over $1 billion) are expected to play a pivotal role in driving the country’s economic growth, innovation, and global influence. These startups span a diverse range of industries, from fintech and e-commerce to healthtech, edtech, and mobility. The rise of these companies showcases India’s entrepreneurial spirit and the country’s ability to adapt to evolving global trends.

As India continues to foster an environment conducive to innovation, a number of high-growth Indian unicorns are poised for even greater expansion in 2025. This article explores the top 10 Indian unicorns to watch in 2025, highlighting the factors driving their success, their industries, and the future potential of these dynamic companies.

1. Byju’s: Revolutionizing Education with EdTech

Byju’s, founded in 2011, has been one of the most successful Indian startups in recent years. As of 2025, it remains a leading edtech unicorn, with a valuation exceeding $21 billion. Byju’s offers interactive learning and personalized education to students across the globe through its mobile app, video lessons, and adaptive learning technologies.

The company has expanded its offerings to include courses for competitive exams, such as JEE and NEET, and has acquired global edtech companies like Osmo and WhiteHat Jr.. Byju’s will continue to grow by integrating AI-driven learning platforms, immersive technologies, and expanding into new international markets.

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2. Swiggy: Dominating India’s Food Delivery Market

Swiggy, an on-demand food delivery unicorn, has grown rapidly since its inception in 2014. In 2025, Swiggy is expected to maintain its position as one of India’s top unicorns with a valuation of over $10 billion. The company offers a range of services, from food delivery and grocery shopping to hyperlocal deliveries and cloud kitchens.

Swiggy’s growth is driven by India’s increasing preference for online food delivery and the digital transformation of the food service industry. With its advanced logistics technology, AI-powered recommendations, and a strong delivery network, Swiggy is poised to expand further into new markets, offering a seamless experience to consumers.

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3. Zerodha: A Leading Player in India’s Fintech Revolution

Zerodha, founded in 2010, is India’s largest stock brokerage firm and one of the top fintech unicorns. As of 2025, Zerodha’s valuation has crossed $1 billion, driven by its low-cost brokerage model, user-friendly platform, and investment education initiatives. The company has democratized access to the Indian stock market, attracting millions of retail investors.

Zerodha’s platform, Kite, offers tools for online trading, portfolio management, and investor education, helping users navigate India’s stock market. The company is expected to continue expanding its services, leveraging AI, machine learning, and blockchain technology to offer innovative solutions for investors.

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4. PhonePe: Leading the Digital Payments Revolution

PhonePe, founded in 2015, is India’s most popular digital payments platform, and by 2025, it will continue to dominate the Indian fintech landscape. With a valuation of over $10 billion, PhonePe is one of the top Indian unicorns to watch. The platform allows users to make online payments, money transfers, and bill payments seamlessly through UPI (Unified Payments Interface) and mobile wallets.

PhonePe has expanded its services to include insurance, wealth management, and e-commerce, establishing itself as a comprehensive fintech ecosystem. The company’s strategic partnerships with retailers and financial institutions will help it grow in the coming years, offering a wide array of financial services to both individuals and businesses.

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5. Razorpay: Empowering Businesses with Payment Solutions

Founded in 2014, Razorpay has become a key player in the digital payments space, helping businesses streamline their payment processes. By 2025, Razorpay’s valuation is expected to reach over $5 billion. The company provides a suite of payment gateway solutions for online businesses, including payment processing, subscription management, and business loans.

Razorpay’s success lies in its ability to cater to businesses of all sizes, offering customized payment solutions for startups, SMEs, and large enterprises. The company’s acquisition of Tera Finlabs and Iyzico further strengthens its position in the global payments market.

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6. OYO Rooms: Revolutionizing the Hospitality Industry

OYO Rooms, founded in 2013, has rapidly grown into one of India’s largest hospitality unicorns. In 2025, OYO’s valuation is expected to remain strong, exceeding $10 billion. The company offers affordable and standardized accommodation options through its online platform, providing both short-term and long-term stays across thousands of hotels worldwide.

OYO has successfully capitalized on India’s growing middle class and travel tourism sector. The company’s technology-driven platform helps hotel owners manage inventory, pricing, and marketing while providing a seamless experience to consumers. OYO’s international expansion, particularly in Southeast Asia and Europe, will continue to fuel its growth in 2025.

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7. Urban Company: Redefining Home Services

Urban Company, founded in 2014, is one of India’s fastest-growing home service platforms. Valued at over $2 billion, Urban Company connects consumers with professional service providers for a variety of needs, including beauty services, plumbing, cleaning, and home repairs.

The platform has experienced rapid adoption due to its focus on providing high-quality, reliable services at competitive prices. Urban Company’s AI-powered matching system ensures that consumers are paired with the most suitable professionals. As more people seek convenience, Urban Company’s position in the gig economy will continue to strengthen, with new services and geographic expansion.

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8. CRED: Innovating Credit Card Payments and Rewards

CRED, founded in 2018, is an innovative fintech unicorn that rewards users for paying their credit card bills on time. The platform allows users to access exclusive rewards, discounts, and cashbacks by making timely payments, fostering good financial habits.

With a valuation of over $2 billion in 2025, CRED’s unique business model has garnered a large user base among millennials and high-net-worth individuals. The company is expected to continue expanding its offerings, integrating new financial products and services, including loans, insurance, and investment options.

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9. Delhivery: Transforming India’s Logistics and Supply Chain

Delhivery, founded in 2011, has revolutionized India’s logistics and supply chain management industry. The company provides end-to-end logistics solutions for e-commerce, retail, and third-party sellers, handling everything from warehousing to last-mile delivery.

With a valuation of over $3 billion in 2025, Delhivery’s growth is driven by its ability to provide cost-effective and reliable logistics solutions for businesses across India. The company’s use of AI, machine learning, and big data analytics to optimize routes and delivery processes positions it for continued growth in India’s expanding e-commerce sector.

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10. Dream11: Dominating the Fantasy Sports Market

Founded in 2008, Dream11 has become India’s largest fantasy sports platform, with a valuation of over $8 billion in 2025. Dream11 allows users to create fantasy teams for cricket, football, and other sports, competing for cash prizes based on the performance of real players.

The rise of fantasy sports has been fueled by the increasing popularity of sports like cricket in India, particularly the Indian Premier League (IPL). Dream11’s sponsorships, partnerships, and user engagement strategies will continue to drive its success in the coming years as the fantasy sports industry expands.

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Conclusion

As India’s startup ecosystem continues to evolve, these top 10 Indian unicorns in 2025 are expected to lead the way in shaping the country’s economic landscape. From fintech and edtech to e-commerce, hospitality, and logistics, these companies exemplify the diversity and innovation driving India’s unicorn ecosystem. As these startups continue to expand, they will play a crucial role in India’s journey toward becoming a global economic powerhouse in the coming years.

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