India’s start-up journey is no longer just a story; it has become a revolution. With the world’s third-largest start-up ecosystem, India today stands as a true powerhouse of innovation and growth. By May 2025, the country’s 122 unicorns had collectively raised over $115 billion in funding and reached a combined valuation of $363 billion. These companies are not only driving the economy forward but also transforming society by creating millions of jobs.
Let’s explore the journey of Indian unicorns, from inception to IPO, in this infographic.

Wrapping Up
Indian unicorns have become pillars of growth, job creation, and digitalisation. In 2025, several unicorns are lining up for IPOs, giving investors a chance to participate in new-age businesses. As innovation continues to thrive, these companies will play a key role in strengthening India’s start-up ecosystem and positioning the country as a global leader in technology and entrepreneurship.
*The companies mentioned in the article are for information purposes only. This is not investment advice.
*Disclaimer: Teji Mandi Disclaimer