Overview

• Ai.tech emerged as the fastest Indian unicorn, reaching a $1.5 billion valuation in under three years as a bootstrapped company.
• Fintech leads the landscape with 19 unicorns valued at $50.1 billion and a future-unicorn pipeline of 29 startups worth $12.9 billion.
• Bengaluru remains the top hub, hosting 26 unicorns worth $70 billion and 41 future unicorns valued at $16 billion.
• The report identifies 46 Gazelles valued between $500 million and $1 billion and 104 Cheetahs valued between $200 million and $500 million.
• Real-money gaming companies including Dream11, MPL, Gameskraft, Games24x7, Zupee and WinZO dropped off the list following the Online Gaming Bill 2025.