Bengaluru is India’s unicorn capital with 26 unicorns collectively valued at $70 billion

India’s startup ecosystem maintained strong growth in 2025, with 11 new companies achieving unicorn status, according to the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025. This takes the national tally to 73 unicorns, with Bengaluru emerging once again as the undisputed hub of innovation.

Among the new entrants are Ai.tech, Navi Technologies, Rapido, Netradyne, Jumbotail, and Darwinbox—several of which are headquartered or have major operations in Bengaluru. Their rise reflects the city’s continuing dominance in technology, logistics, and mobility-driven ventures.

Also read:India advances semiconductor drive with new ARM facility in Bengaluru

Bengaluru Leads the Pack

With 26 unicorns collectively valued at $70 billion, Bengaluru retains its crown as India’s unicorn capital. The city’s deep talent base, thriving venture funding ecosystem, and culture of entrepreneurship continue to attract founders and investors alike. Delhi-NCR and Mumbai follow as the next two largest hubs, but Bengaluru’s lead remains significant.

Investor Confidence and Valuations

The Hurun report notes strong investor activity across the country, with Peak XV Partners making 42 investments during the year. At the top of the valuation list, Zerodha—also Bengaluru-based—leads with $8.2 billion, followed by Razorpay and Lenskart at $7.5 billion each, and Groww at $7 billion. Collectively, India’s unicorns now employ more than 206,000 people, with companies such as Lenskart, OfBusiness, and PhysicsWallah creating the largest workforces.

Fintech and Beyond

Fintech remains the leading sector, powered by Bengaluru-based firms Razorpay, Zerodha, and Groww. Together, they exemplify the city’s role in driving digital finance adoption.

Bengaluru’s continued dominance shows that India’s unicorn story is inseparable from the city’s innovation ecosystem—one that is scaling rapidly while shaping the country’s digital economy.