Overview
- Eleven companies entered the unicorn ranks this year, including Ai.tech, Navi, Moneyview, JusPay, Vivriti Capital, Veritas Finance, Rapido, Netradyne, Jumbotail, DarwinBox and Drools.
- Ai.tech became the year’s fastest unicorn, hitting a $1.5 billion valuation in under three years without external funding.
- Fintech leads with 19 unicorns valued at a combined $50.1 billion and dominates the future‑unicorn pipeline across 29 startups.
- Following passage of the Promotion and Regulation of Online Gaming Act, 2025, Dream11, Games24x7, Gameskraft and MPL lost unicorn status, with Zupee and WinZO also seeing valuation hits and sector companies reporting layoffs and pivots.
- Bengaluru remains the top hub with 26 unicorns worth about $70 billion, followed by Delhi‑NCR and Mumbai, while the report counts 46 Gazelles and 104 Cheetahs in the future‑unicorn track.