From Zerodha to Zepto: Ask Private Wealth and Hurun India release 'Unicorn Report 2025' list -see who made the top 20

Ask Private Wealth and Hurun India released their fifth ‘Unicorn and Future Unicorn Report 2025’ which is the Indian Startups founded in the 2000s, worth at least £ 1.710, and not yet listed on a public scholarship. The report categorizes startups worth $ 1 billion and more than unicorns, while those between $ 500 million- $ 1 billion are called ‘Gazelles’, and companies that are between $ 200-500 million worth $ 200-500 million are ‘Cheetahs’. Cheetahs are especially those with the potential to go unicorn within five years, while Gazelles can take three years to reach the billion dollar valuation, he added. A momentum of India’s initial ecosystem: 73 unicorns, 150 potential The report has India’s most valuable private equity or venture capital-founded startups according to their latest valuation of the financing round. Hurun Research found 150 Indian future unicorns and 73 unicorns, it reads. According to Rajesh Saluja, co-founder, CEO and managing director of Ask Private Wealth, India’s initial ecosystem journey “was inspiring to a powerful engine of innovation and economic value creation. The increasing focus on profitability, sustainable models and capital efficiency are especially encouraging aspects. “The increasing depth about Fintech, artificial intelligence (AI), software as a service (Saas) and consumer sectors not only underline the ingenuity of Indian entrepreneurs, but also positions India at the forefront of the next wave of global disruptors,” Saluja added. Anas Rahman Junaid, founder and lead researcher at Hurun India, said the detection of unicorns is important, as they “represent the most valuable and disruptive businesses in India that already form industries, create large -scale employment and attract world capital”. “(Unicorns), together with future unicorns, give a complete image of India’s innovation pipeline and the long -term potential of the country’s entrepreneurial ecosystem,” Junaid added. India’s unicorns and future unicorns – Top 10 highlights over the past year have entered almost 11 new unicorns the Ask Private Wealth Hurun India Unicorn and Future Unicorn Report 2025. Under this, Ai.Tech emerged as the fastest unicorn and achieved the milestone in just three years. Other prominent additions include Navi Technologies, Vivriti Capital, Rapido, Netradyne, Jumbotail, DarwinBox, Moneyview, Veritas Finance, JusPay and Drools. With these new entrants, the Unicorn Tally of India now stands at 73 in 2025, which spans different sectors of technology and mobility to finance and sustainability. ”Real Money Gaming Startups such as Dream11, MPL, GamesKraft, Games24x7, Zupee and Winzo have left the list from now on, after the impact of the promotion and regulation of online game account, 2025. grown from 182 in 2021 to 1,014 in 2025. Peak XV partners lead the field with 42 bets. Billion has built up. E-commerce (12 companies).