# Indian Soonicorn Tracker: List Of India’s Unicorns Of Tomorrow — retained record

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source: [news](https://highsignal.app/data/news) (news:india-inc42)  published 2026-09-08 10:45 ingested 2026-09-09 02:56

[original source ↗](https://inc42.com/features/indian-soonicorn-tracker-list-of-indias-unicorns-of-tomorrow/)

## extract

The days when almost every other fast-growing startup could attract large investor cheques are over. After multiple instances of corporate governance lapses and businesses going off track, investors in the world’s third-largest startup ecosystem are scrutinising startups more closely than ever. However, this heightened caution has not diminished investor interest across the board. Sectors such as quick commerce, AI, deeptech, and robotics have come to the forefront. Since several businesses in these sectors are capital-intensive and require longer gestation periods, patient capital has also emerged as a key theme in the ecosystem this year. India’s startup ecosystem, which now commands a combined valuation of more than $700 Bn, is therefore entering a phase in which investor caution is coexisting with the emergence of new billion-dollar companies. The unicorn pipeline continues to expand. After six startups attained unicorn status in 2025, seven Indian startups have crossed the $1 Bn valuation mark in 2026 so far. This year, Sarvam and Emergent joined Krutrim in India’s AI unicorn club, while Skyroot Aerospace became the country’s first spacetech unicorn. Astrotalk became India’s 133rd unicorn after an ESOP buyback valued the spiritual tech startup at $1 Bn. Meanwhile, more than 150 startups are now at the doorstep of the unicorn club. According to Inc42’s analysis, the Indian startup ecosystem is currently home to 156 soonicorns – startups valued between $200 Mn and under $1 Bn. Together, these soonicorns command a combined valuation of about $66 Bn and have raised more than $19 Bn to date. The list spans multiple sectors. It includes quick home services startups Pronto and Snabbit, valued at about $200 Mn and $350 Mn, respectively, as well as consumer brands such as Blue Tokai Coffee, Third Wave Coffee, Wow! Momo, and GIVA. To keep you up-to-date with India’s evolving startup landscape, Inc42 has launched the Indian Soonicorn Tracker. Covering founding years, sectors, funding, valuations, and investors, the tracker offers a comprehensive view of India’s soonicorn landscape. Soonicorns Sector Type Founded In Valuation ($ Mn) Headquarters Total Funding ($ Mn) Notable Investors Unicorn Probability Column 1 Absolute Foods Agritech Private 2016 500 Delhi NCR 102 Sequoia Capital India, Alpha Wave Global, Tiger Global High adda247 Edtech Private 2010 170-200 Delhi NCR 67 Asha Impact,Infoedge India Ltd, Info Edge, Westbridge Capital, JM Financial Low Agilitas Ecommerce Private 2023 239 Bengaluru 64 Nexus Venture Partners, Spring Marketing Capital, Convergent Finance Low AgniKul Cosmos Advanced Hardware & Technology Private 2017 500 Chennai 80 Pi Ventures, Mayfield Fund, Speciale Invest, Pratithi Investments, Celesta Capital, Venture Catalysts High AgroStar Agritech Private 2013 280 Pune 118 Accel, International Finance Corporation, Schroders Capital, Titan Capital, InnoVen Capital Medium AllHome Ecommerce Private 2025 200 Mumbai 21 Stride Ventures, Bessemer Venture Partners Low Ampere Vehicles Cleantech Private 2008 350 Coimbatore Undisclosed Axon Partners Group, Forum Synergies Medium Arya.ag Agritech Private 2013 325 Delhi NCR 118 Blue Earth Capital, Lightrock, Asia Impact Medium Atlan Enterprisetech Private 2019 750 San Francisco 202 WaterBridge Ventures, 500 Startups, Insight Partners, Sequoia Surge, Salesforce Ventures High Auxilo Fintech Private 2017 360 Mumbai 81 LeapFrog Investments, Motilal Oswal Financial Services, ICICI Bank Medium Avenues AI Fintech Public 2007 500-600 Gandhinagar 15 Bennett Coleman & Co. Ltd., Network 18, Next Orbit Ventures, Brand Capital High Awfis Real Estate Tech Public 2015 200-250 Delhi NCR 135 Peak XV, The Three Sisters: Institutional Office, InnoVen Capital, ChrysCapital Medium Aye Finance Fintech Public 2014 400-500 Delhi NCR Not Available Goldman Sachs, Alpha Wave Global, CapitalG, Elevation Capital Medium Bankbazaar Fintech Private 2008 217 Chennai 133 Sequoia Capital India, Amazon Inc, Eight Roads Ventures India, Mousse Partners, Experian Low Battery Smart Cleantech Private 2019 450 Delhi NCR 168 Tiger Global Management, Blume Ventures, Stride Ventures, Trifecta Capital Medium BetterPlace Enterprisetech Private 2015 270 Bengaluru 90 Lalitesh Katragadda, Venture Highway, Unitus Ventures, Junglee Ventures, CDC Group, Capria Ventures, 3one4 Capital, British International Investment Medium Blue Tokai Coffee Roasters Foodtech Private 2013 200-300 Delhi NCR 103 Anicut Capital, 12 Flags Group, 8i Ventures, A91 Partners, Huddle Medium BookMyShow Consumer Services Private 1999 700-800 Mumbai 225 Stripes Group, Network 18, Accel Partners India, SAIF Partners, TPG Growth High Brightchamps Edtech Private 2020 650 Hyderabad 63 PremjiInvest, GSV Ventures, BEENEXT, 021 Capital High Capillary Tech Enterprisetech Public 2012 350-500 Bengaluru 240 Warburg Pincus, Sequoia Capital India, InnoVen Capital, Norwest Venture Partners, American Express Ventures Medium Captain Fresh Ecommerce Private 2019 500-530 Bengaluru 218 Ankur Capital, Incubate Fund India, Matrix Partners India, Accel Partners India, Tiger Global High Cashfree Fintech Private 2015 700 Bengaluru 93 Musha Ventures, Y Combinator, Smilegate Investment, Apis Partners High Cashify Ecommerce Private 2013 250-350 Delhi NCR 223 Prosus Ventures, Blume Ventures, Bessemer Venture Partners Medium Cashkaro Ecommerce Private 2013 200 Delhi NCR 30 Kalaari Capital, Korea Investment Partners, Affle Low Celebal Technologies Enterprisetech Private 2015 210 Jaipur 47 Norwest, BlackSoil, InCred Asset Management Low Chaayos Ecommerce Private 2012 250-300 Delhi NCR 94 Tiger Global Management, SAIF Partners, Think Investments, Alpha Wave Ventures, Elevation Capital Medium Chalo Travel Tech Private 2014 400-450 Mumbai 105 Lightrock India,WaterBridge Ventures,Amit Singhal,Trifecta,Stride Ventures,Avataar Venture Partners Medium Citymall Ecommerce Private 2019 320 Delhi NCR 112 Elevation Capital, Accel Partners, WaterBridge Ventures, General Catalyst Partners, Jungle Ventures Medium Classplus Edtech Private 2018 600 Delhi NCR 158 Tiger Global Management, Sequoia Capital, Blume Ventures, RTP Global, Alpha Wave Ventures High Clear Fintech Private 2011 700-750 Bengaluru 140 Composite Capital Management, Elevation Capital, Founders Fund, Kora, Sequoia Capital High CleverTap Enterprisetech Private 2013 770 Mountain View/Mumbai 182 Accel, Peak XV Partners, 360 ONE Asset Management, Tiger Global Management High Country Delight Ecommerce Private 2015 820 Delhi NCR 210 Venturi Partners, Elevation Capital, Alteria Capital, Matrix Partners India, Orios Venture Partners High Credgenics Fintech Private 2018 340 Delhi NCR 78 Accel, Titan Capital, WestBridge Capital, Blue Wolf Capital Partners Medium CueMath Edtech Private 2013 360-400 Bengaluru 121 Sequoia Capital, Alpha Wave Incubation, Manta Ray Ventures, Trifecta Capital Advisors, CapitalG Medium DeHaat Agritech Private 2012 650-700 Delhi NCR 247 IIM Calcutta Innovation Park, Lightrock, Omnivore, Prosus Ventures, Sequoia Capital India High Dhruva Space Advanced Hardware & Technology Private 2012 212 Hyderabad 39 IvyCap Ventures, Creative Destruction Lab, SIDBI Venture Capital, Blue Ashva Capital, IAN Angel Fund Low Digantara Advanced Hardware & Technology Private 2018 200 Bengaluru 65 Peak XV Partners, SBI Investment, 360 ONE Asset, Global Brain Corporation, Campus Fund Low Drip Capital Fintech Private 2015 200-250 Mumbai Not Available Accel, Barclays Investment Bank, East West Bank, Sequoia Capital India, Silicon Valley Bank Low EatClub Brands (Box8) Consumer Services Private 2012 200-300 Mumbai 104 Tiger Global Management, Mayfield Fund, Trifecta Capital, IIFL Low EKA Mobility Cleantech Private 2022 390 Pune 104 NIIF, Mitsui & Co, Enam Holdings, VDL Groep Medium Euler Motors Cleantech Private 2018 400-450 Delhi NCR 378 InnoVen Capital, Alteria Capital, Lightrock, BlackSoil, Blume Ventures Low Everest Fleet Travel Tech Private 2016 400 Mumbai 57 Uber, Axis Bank, Paragon Partners, India, Artha Group, Rockstud Capital Medium Exotel Enterprisetech Private 2011 250-300 Bengaluru 87 Steadview Capital, IIFL Asset Management, A91 Partners, Blume Ventures, Mumbai Angels Medium FarEye Enterprisetech Private 2013 350-400 Delhi NCR 152 TCV, M12 Venture Fund, Indian Angel Network, Elevation Capital, Eight Roads Ventures India Medium Fi Fintech Private 2019 540 Bengaluru 136 B Capital Group, Hillhouse Capital Group, Ribbit Capital, Sequoia Capital, Oceanview Capital Partners High Fibe Fintech Private 2015 550-600 Pune 258 Norwest Venture Partners, Chiratae Ventures, TPG Growth, Piramal Capital & Housing Finance, Eight Roads Ventures High Finova Capital Fintech Private 2015 700 Jaipur 276 Sequoia Capital India, Faering Capital, Norwest Venture Partners, Maj Invest High FirstClub Consumer Services Private 2024 255 Bengaluru 86 Accel, Peak XV Partners, Quiet Capital, RTP Global, Blume Ventures Low FreshToHome Consumer Services Private 2015 450-550 Bengaluru 256 Kortschak Investmesnts, Das Capital, Iron Pillar, Abu Dhabi Investment Office, Crescent Enterprises Venture Capital Medium Geniemode Ecommerce Private 2021 200+ Delhi NCR 87 Tiger Global Management, Info Edge ventures, Stride Ventures, Multiples, Fundamentum Low Giva Ecommerce Private 2019 374 Bengaluru 163 Aditya Birla Ventures,A91 Partners,Alteria Capital,PremjiInvest Medium gokwik Fintech Private 2020 450 Delhi NCR 68 Peak XV Partners, RTP Global, Z47, Titan Capital, FedEx Medium GreyOrange Advanced Hardware & Technology Private 2011 700 Delhi NCR 437 Tiger Global Management, Blume Ventures, Mitsubishi Corporation, Innoven Capital High Hackerrank Enterprisetech Private 2009 500 Bengaluru 110 Khosla Ventures, Battery Ventures, Randstad Innovation Fund, Recruit Holdings High HealthifyMe Healthtech Private 2012 200-250 Bengaluru 150 Khosla Ventures, InnoVen Capital, Inventus Capital, Leapfrog Ventures Low Healthkart Healthtech Private 2011 500 Delhi NCR 350 Intel Capital, Peak XV, Edelweiss, Kae Capital, Sofina, Temasek, A91 Partners, Kae Capital High Hocco Ecommerce Private 2019 225 Ahmedabad 35 Sauce.vc, Chona Family Office Low Homelane Consumer Services Private 2014 360 Bengaluru 157 Aarin Capital, Accel, Brand Capital, Evolvence India Fund, IIFL Asset Management Medium Hopscotch Ecommerce Private 2011 200 Mumbai 71 Rise Capital, LionRock Capital, Velos Partners, LionRock Capital, Jabbar Internet Group Low iD Fresh Food Ecommerce Private 2006 235 Bengaluru 99 PeakXV, Premji Invest, NewQuest Capital Partners, Brand Capital Low ideaforge Advanced Hardware & Technology Public 2007 350-400 Mumbai 40 Qualcomm,Celesta Capital,Florintree Advisors,Infosys,Infina,Exim Bank India Low Indiqube Real Estate Tech Public 2016 450-550 Bengaluru 45 WestBridge Capital, Konark Trust, MMPL Trust High IndMoney Fintech Private 2018 650 Delhi NCR 143 Tiger Global, Steadview Capital, Dragoneer, Sixteenth Street Capital High Innovist Ecommerce Private 2018 350-450 Delhi NCR 103 Accel, Sauce.vc, ICICI Venture, Amazon Smbhav Venture Fund, 72 Ventures Medium Innoviti Fintech Private 2002 210 Bengaluru 104 Bessemer Venture Partners, Winter Capital, Alumni Ventures, Catamaran Low Inshorts Media & Entertainment Private 2013 550 Delhi NCR 165 A91 Partners, Addition, Tiger Global Management, Vy Capital High Insurancedekho Fintech Private 2016 700-750 Delhi NCR 434 TVS Capital Funds, Investcorp, Avataar Venture, Goldman Sachs, Investcorp, LeapFrog Investments High InVideo Artificial intelligence (AI) Private 2017 210 San Francisco/Mumbai 53 Peak XV Partners, Lightspeed Venture Partners, RTP Global, Tiger Global Management, Blume Ventures Low Jupiter Fintech Private 2019 610 Mumbai 171 Global Founders Capital, Hummingbird Ventures, Z47, Peak XV Partners High k12technoservices Edtech Private 2010 445 Bengaluru 82 Kedaara Capital, Peak XV Partners, InnoVen Capital, Venturi Partners, Kaizenvest Medium Keka Enterprisetech Private 2014 210 Hyderabad 59 Recur Club, WestBridge Capital Low Kissht Fintech Private 2015 280 Mumbai 142 Sicreva capital, Endiya Partners, VentureEast, Sistema, BAC Acquisitions Medium Kuku FM Media & Entertainment Private 2018 180-200 Mumbai 72 India Quotient,3one4 Capital,Vertex Ventures,Shunwei Capital,Krafton Low Lahori Zeera Ecommerce Private 2017 310 Mohali 46 Motilal Oswal Medium Lambdatest Enterprisetech Private 2017 400 Delhi NCR 108 PremjiInvest, Blume Ventures, Leo Capital Holdings, Telstra Ventures, Wamda Capital Medium Leap Edtech Private 2019 700-800 Bengaluru 150 HSBC, Peak XV Partners, Apis Partners, Owl Ventures, Jungle Ventures High LogiNext Logistics Private 2014 200-300 Mumbai 50 Steadview Capita, Tiger Global, Paytm, IAN, Singapore Angel Network Low Lohum Cleantech Private 2018 400 Bengaluru 44 Baring Private Equity Partners, Stride Ventures, Ventureast, Cactus Venture Partners Medium m1xchange Fintech Private 2016 234 Delhi NCR 34 Mayfield Fund, Amazon, BEENEXT, Jindal Stainless, Filter Capital Low M2P Fintech Fintech Private 2014 750 Chennai 214 Tiger Global, BEENEXT, Flourish Ventures, Omidyar Network, 8i Ventures High Magicpin Consumer Services Private 2015 300-400 Delhi NCR 105 Peak XV Partners, Lightspeed Venture Partners, Zomato, Trifecta Capital Advisors Medium mCaffeine Ecommerce Private 2016 200 Mumbai 39 Paragon Partners India, RPSG Capital Ventures, Sharrp Ventures Low Medgenome Healthtech Private 2013 290 Bengaluru 185 Sequoia Capital India, Sofina, Zodius Capital, HDFC Bank, LeapFrog Investments Medium Medikabazaar Ecommerce Private 2015 650 Mumbai 192 Lighthouse Funds, CDC Group, Toppan Printing High Miko Edtech Private 2015 200+ Mumbai 65 IvyCap Ventures, Chiratae Ventures, Aroa Venture Partners, Stride Ventures Low Milky Mist Ecommerce Private 1985 200+ Erode Undisclosed Anicut Capital, SIDBI Venture Capital Low Mintifi Fintech Private 2017 850 Mumbai 340 Norwest Venture Partners,IFC,Elevation Capital,PremjiInvest High MoEngage Enterprisetech Private 2014 900 San Francisco / Bengaluru 487 B Capital, Titan Capital, Z47, Goldman Sachs Asset Management, Schroders Capital High Mosaic Wellness Ecommerce Private 2020 400 Mumbai 55 Peak XV Partners, Elevation Capital, Z47, Titan Capital, Google for Startups Medium Mswipe Fintech Private 2011 300-400 Mumbai 118 Z47, Axis Bank, Falcon Edge Capital, Meru Capital,DSG consumer Partners Medium Mygate Enterprisetech Private 2016 250-300 Bengaluru 79 Prime Venture Partners, Tiger Global Management, JS Capital Management, Tencent Holdings Medium NephroPlus Healthtech Private 2009 250 Hyderabad 199 International Finance Corporation, Bessemer Venture Partners, New Enterprise Associates, 360 ONE Asset, Investcorp Medium Neuron7.ai Artificial intelligence (AI) Private 2020 265 San Jose/ Bengaluru 58 Nexus Venture Partners, Battery Ventures, Smith Point Capital, ServiceNow Ventures Medium Ninjacart Agritech Private 2015 670 Bengaluru 407 Accel, Syngenta Ventures, Tiger Global Management, Trifecta Capital Advisors High Niyo Fintech Private 2015 350-500 Bengaluru 179 Accel, Lightrock, Horizons Ventures, Tencent, Social Capital Medium Noise Ecommerce Private 2014 450 Delhi NCR 30 Bose Ventures Medium OneAssist Consumer Services Private 2011 220 Mumbai 64 Lightspeed Venture Partners, Peak XV Partners, Trifecta Capital Advisors Low Palmonas Ecommerce Private 2022 200 Pune 53 Xponentia Capital Partners, Vertex Growth Fund Low Park+ Travel Tech Private 2019 310 Delhi NCR 53 Peak XV Partners, Venture Catalysts, Z47, Titan Capital, Epiq Capital Medium Paymate Fintech Private 2006 900 Mumbai 45 Kleiner Perkins, Lightbox, Mayfield Fund, Sherpalu Ventures, Visa High Pilgrim Ecommerce Private 2019 350 Mumbai 54 Fireside Ventures, Anicut Capital, Vertex Growth Fund, Rukam Capital Medium Pixis Artificial intelligence (AI) Private 2017 530 Bengaluru 209 Grupo Carso, General Atlantic, Celesta Capital, Chiratae Ventures, Touring Capital High Pixxel Advanced Hardware & Technology Private 2015 400-450 Bengaluru 98 Lightspeed Venture Partners, Blume Ventures, Radical Ventures, Google Medium Plum Ecommerce Private 2013 250 Mumbai 50 Faering Capital,Unilever Ventures, A91 Partners,Spark Capital, Tiger Global, Trifecta Venture Medium Pocket FM Media & Entertainment Private 2018 750 Bengaluru 203 Goodwater Capital, Naver, Lightspeed India Partners, Times Internet, Tencent High Practo Healthtech Private 2008 400-450 Bengaluru 229 Tencent Holdings, Peak XV Partners, ru-Net, RSI Fund, Thrive Capital Medium Progcap Fintech Private 2016 600 Delhi NCR 112 Tiger Global Management, Sequoia Capital, growX ventures High Pronto Consumer Services Private 2025 200 Bengaluru 58 General Catalyst, Bain Capital Ventures, Glade Brook Capital Partners, Epiq Capital Low Purple Style Labs Ecommerce Private 2015 470 Mumbai 78 Venture Catalysts, LVX Ventures, Singularity AMC Medium Qure.ai Artificial intelligence (AI) Private 2016 250 New York/Bengaluru 125 Peak XV Partners, Lightspeed Venture Partners, 360 ONE Asset, Novo Holdings, Merck Medium Raphe mPhibr Advanced Hardware & Technology Private 2017 800-900 Delhi NCR 100 General Catalyst, Think Investments High Rare Rabbit Ecommerce Private 2014 300 Bengaluru Undisclosed A91 Partners, Gruhas, NKSQUARED, Ravi Modi Family Trust Medium Recykal Cleantech Private 2016 280 Hyderabad 60 Morgan Stanley, 360 ONE Asset, Circulate Capital, Bank of Singapore Medium Refyne Fintech Private 2020 450-500 Bengaluru 106 Tiger Global, RTP Global, DST Global, XYZ Venture Capital, Digital Horizon Medium RENEE Cosmetics Ecommerce Private 2019 200 Ahmedabad 78 Titan Capital, Mensa Brands, 100Unicorns, Evolvence India Fund, Equanimity Investments Low Ripplr Logistics Private 2019 200-250 Bengaluru 55 3one4 Capital, Zephyr Peacock India Low Route Mobile Enterprisetech Private 2004 640 Mumbai 23 Kuwait Investment Authority, Franklin Templeton Investments, Goldman Sachs High Rupeek Fintech Private 2015 213 Bengaluru 200 Accel, Peak XV Partners, GGV Capital, Bertelsmann India Investments, Lightbox Low Safe Security Enterprisetech Private 2012 280-400 Palo Alto/Delhi NCR 165 Sorenson Capital, Avataar Venture Partners, InnoVen Capital, Titanium Ventures Medium Sahi Fintech Private 2023 200 Bengaluru 44 Accel, Elevation Capital Low SarvaGram Fintech Private 2018 200+ Pune 116 Elevation Capital, Temasek Holdings, Peak XV Partners, Elevar Equity, TVS Capital Funds Low Scaler Academy Edtech Private 2019 700 Bengaluru 55 Lightrock India, Sequoia Capital, Tiger Global High Scapia Fintech Private 2022 500 Bengaluru 135 General Catalyst, Elevation Capital, Peak XV Partners, Z47, Tanglin Venture Partners Medium Scripbox Fintech Private 2012 200 Bengaluru 55 Accel, InnoVen Capital, Flucas Ventures, Trifecta Capital, Kube VC Low Servify Consumer Services Private 2015 740 Mumbai 130 Singularity Growth, Iron Pillar, Blume Ventures, Beenext High Simple Energy Travel Tech Private 2019 200 Bengaluru 61 Vel Kanniappan, Athiyas Group, Sattva Group, Vasavi Green Tech Low Smallcase Fintech Private 2015 250-300 Bengaluru 112 Peak XV Partners, HDFC Bank, Blume Ventures, Rainmatter Capital, State Street Global Advisors Medium Smartron Advanced Hardware & Technology Private 2014 200-250 Hyderabad 16 The Global Emerging Markets Group, TAQNIA Low Snabbit Consumer Services Private 2024 350 Bengaluru 113 Nexus Venture Partners, Elevation Capital, FJ Labs, Lightspeed India Partners, Bertelsmann India Investments Medium Snitch Ecommerce Private 2018 250-300 Bengaluru 53 360 ONE Asset, IvyCap Ventures, SWC Global Medium SolarSquare Cleantech Private 2015 450-500 Mumbai 113 B Capital, Lightspeed Venture Partners, Elevation Capital, Rainmatter Capital, Better Capital Medium Stader Labs Web3 Private 2021 450 Singapore 17 Pantera Capital, Coinbase Ventures, True Ventures, Jump Capital, Huobi Ventures, Accel Medium Stanza Living Real Estate Tech Private 2017 500-550 Delhi NCR 228 Accel, Peak XV Partners, Z47, Alteria Capital, Falcon Edge Capital High Stashfin Fintech Private 2016 800 Delhi NCR 424 Snow Leopard Ventures, Alto Partners, KKR, Uncorrelated Ventures, Fasanara Capital, Abstract Ventures High The Sleep Company Ecommerce Private 2019 320 Mumbai 99 360 ONE Asset, Fireside Ventures, ChrysCapital, Alteria Capital, Premji Invest Medium The Whole Truth Ecommerce Private 2019 400 Mumbai 83 Peak XV Partners, Rainmatter Capital, Z47, Sauce.vc, Sofina Medium Third Wave Coffee Foodtech Private 2016 200-500 Bengaluru 105 Creaegis, WestBridge Capital, Nikhil Kamath, NuVentures, peercheque Medium True Balance Fintech Private 2014 170-200 Delhi NCR 169 Northern Arc, Daesung Private Equity, SoftBank, Bon Angels Venture Partners Low Truemeds Healthtech Private 2019 350-400 Mumbai 112 Peak XV Partners, Accel, Info Edge Ventures, WestBridge Capital, IAN Fund Medium Turtlemint Fintech Private 2015 400-500 Mumbai 197 Peak XV Partners, GGV Capital, Nexus Venture Partners, Jungle Ventures, Amasa Holdings High Ultrahuman Ecommerce Private 2020 400-500 Bengaluru 53 Nexus Venture Partners, Rainmatter Capital, Blume Ventures, iSeed Medium Ultraviolette Automotive Cleantech Private 2016 310 Bengaluru 91 Speciale Invest, TDK Ventures, Qualcomm Ventures, Lingotto, TVS Motor Company Medium Vayana Network Fintech Private 2016 230 Bengaluru 70 International Finance Corporation, Chiratae Ventures, Trifecta Capital Advisors, British International Investment, Jungle Ventures Low Wakefit Ecommerce Private 2014 200-250 Bengaluru 148 Peak XV Partners, SIG, Verlinvest Low Waycool Agritech Private 2015 650-750 Chennai 280 InnoVen Capital, DN Capital, Aspada, Northern Arc, Left Lane Capital High WeWork India Real Estate Tech Public 2017 480-540 Mumbai 222 Embassy Group Medium Whatfix Enterprisetech Private 2013 900 Bengaluru 264 Peak XV Partners, SoftBank, Helion Venture Partners, Stellaris Venture Partners, Eight Roads Ventures India High Wow Skin Science Ecommerce Private 2014 400 Bengaluru 98 ChrysCapital, GIC Medium Wow! Momo Foodtech Private 2008 200-300 Kolkata 154 360 ONE Asset, Tiger Global Management, Stride Ventures, Avendus Capital, IAN Group Medium Yellow.ai Artificial intelligence (AI) Private 2016 300-450 San Mateo/Bengaluru 102 Lightspeed Venture Partners, Sapphire Ventures, Salesforce Ventures, WestBridge Capital Medium Yulu Travel Tech Private 2017 170-200 Bengaluru 228 Blume Ventures, 3one4 Capital, Incubate Fund, Wavemaker Partners, Magna International, Bajaj Auto Finance Low Zaggle Fintech Public 2011 593 Mumbai 45 Vivriti Asset Management High Zenwork Fintech Private 2011 200+ Fayetteville/ Hyderabad 163 Spectrum Equity Low Zolve Fintech Private 2020 200-300 Bengaluru 406 Accel, Tiger Global Management, DST Global, Lightspeed Venture Partners, Alkeon Capital Low Zupee Media & Entertainment Private 2018 600 Delhi NCR 121 Z47, Smile Group, Tomales Bay Capital, WestCap, Nepean Capita High Zypp Electric Cleantech Private 2017 320 Delhi NCR 63 IAN Fund, 100 Unicorns, Anthill Ventures, LetsVenture Medium Read more about our methodology here. Deep Dive In The Indian Soonicorn Club Nearly 27% of India’s soonicorns are valued at $500 Mn or more, with 42 startups crossing this threshold. MoEngage, Whatfix, and PayMate, valued at around $900 Mn each, are among the startups closest to entering the unicorn club. BookMyShow, valued between $700 Mn and $800 Mn, is also among the higher-valued soonicorns on the list. About 65 startups are valued between $250 Mn and under $500 Mn, while 41 are under $250 Mn. Fintech is the most dominant sector in the soonicorn club, accounting for 38 of the 156 startups on the list. The segment includes several high-value startups, such as Turtlemint, PayMate, Mintifi, M2P Fintech, Cashfree, Finova Capital, Stashfin, and Clear. Ecommerce is the second-largest sector, with 32 startups in the soonicorn pool. However, valuations in the segment are more concentrated towards the lower and middle end. Companies such as Country Delight, Medikabazaar, Ultrahuman, GIVA, Innovist, and Rare Rabbit span the $200 Mn to $820 Mn valuation range. Other prominent sectors include enterprise tech, edtech, cleantech, and agritech, reflecting the breadth of India’s soonicorn pipeline beyond fintech and ecommerce. Meanwhile, India is now home to four AI soonicorns and six deeptech soonicorns. Bengaluru: India's Biggest Soonicorn Hub India’s startup capital Bengaluru leads the soonicorn race. The city is home to 56 soonicorns, accounting for more than a third of the country’s total. Captain Fresh, Pocket FM, Innoviti, and iD Fresh Food are among the soonicorns headquartered in the city. As with the unicorn club, Delhi NCR and Mumbai trail Bengaluru in terms of their soonicorn count. Delhi NCR is home to 38 soonicorns, while Mumbai has 34. Other major soonicorn hubs include Hyderabad with seven, Pune with five, and Chennai with four. Cities such as Coimbatore, Jaipur, and Gandhinagar also house soonicorns. EV startup Ampere is based in Coimbatore, while Finova Capital is headquartered in Jaipur. Fintech soonicorn Infibeam Avenues is based in Gandhinagar. Indian Soonicorn Tracker will be updated periodically with fresh data, funding rounds, and exits. Stay tuned. Last Updated | September 8, 2026 Edited by Vinaykumar Rai Creatives by Abhyam Gusai

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The days when almost every other fast-growing startup could attract large investor cheques are over. After multiple instances of corporate governance lapses and businesses going off track, investors in the world’s third-largest startup ecosystem are scrutinising startups more closely than ever. However, this heightened caution has not diminished investor interest across the board. Sectors such as quick commerce, AI, deeptech, and robotics have come to the forefront. Since several businesses in these sectors are capital-intensive and require longer gestation periods, patient capital has also emerged as a key theme in the ecosystem this year. India’s startup ecosystem, which now commands a combined valuation of more than $700 Bn, is therefore entering a phase in which investor caution is coexisting with the emergence of new billion-dollar companies. The unicorn pipeline continues to expand. After six startups attained unicorn status in 2025, seven Indian startups have crossed the $1 Bn valuation mark in 2026 so far. This year, Sarvam and Emergent joined Krutrim in India’s AI unicorn club, while Skyroot Aerospace became the country’s first spacetech unicorn. Astrotalk became India’s 133rd unicorn after an ESOP buyback valued the spiritual tech startup at $1 Bn. Meanwhile, more than 150 startups are now at the doorstep of the unicorn club. According to Inc42’s analysis, the Indian startup ecosystem is currently home to 156 soonicorns – startups valued between $200 Mn and under $1 Bn. Together, these soonicorns command a combined valuation of about $66 Bn and have raised more than $19 Bn to date. The list spans multiple sectors. It includes quick home services startups Pronto and Snabbit, valued at about $200 Mn and $350 Mn, respectively, as well as consumer brands such as Blue Tokai Coffee, Third Wave Coffee, Wow! Momo, and GIVA. To keep you up-to-date with India’s evolving startup landscape, Inc42 has launched the Indian Soonicorn Tracker. Covering founding years, sectors, funding, valuations, and investors, the tracker offers a comprehensive view of India’s soonicorn landscape. Soonicorns Sector Type Founded In Valuation ($ Mn) Headquarters Total Funding ($ Mn) Notable Investors Unicorn Probability Column 1 Absolute Foods Agritech Private 2016 500 Delhi NCR 102 Sequoia Capital India, Alpha Wave Global, Tiger Global High adda247 Edtech Private 2010 170-200 Delhi NCR 67 Asha Impact,Infoedge India Ltd, Info Edge, Westbridge Capital, JM Financial Low Agilitas Ecommerce Private 2023 239 Bengaluru 64 Nexus Venture Partners, Spring Marketing Capital, Convergent Finance Low AgniKul Cosmos Advanced Hardware & Technology Private 2017 500 Chennai 80 Pi Ventures, Mayfield Fund, Speciale Invest, Pratithi Investments, Celesta Capital, Venture Catalysts High AgroStar Agritech Private 2013 280 Pune 118 Accel, International Finance Corporation, Schroders Capital, Titan Capital, InnoVen Capital Medium AllHome Ecommerce Private 2025 200 Mumbai 21 Stride Ventures, Bessemer Venture Partners Low Ampere Vehicles Cleantech Private 2008 350 Coimbatore Undisclosed Axon Partners Group, Forum Synergies Medium Arya.ag Agritech Private 2013 325 Delhi NCR 118 Blue Earth Capital, Lightrock, Asia Impact Medium Atlan Enterprisetech Private 2019 750 San Francisco 202 WaterBridge Ventures, 500 Startups, Insight Partners, Sequoia Surge, Salesforce Ventures High Auxilo Fintech Private 2017 360 Mumbai 81 LeapFrog Investments, Motilal Oswal Financial Services, ICICI Bank Medium Avenues AI Fintech Public 2007 500-600 Gandhinagar 15 Bennett Coleman & Co. Ltd., Network 18, Next Orbit Ventures, Brand Capital High Awfis Real Estate Tech Public 2015 200-250 Delhi NCR 135 Peak XV, The Three Sisters: Institutional Office, InnoVen Capital, ChrysCapital Medium Aye Finance Fintech Public 2014 400-500 Delhi NCR Not Available Goldman Sachs, Alpha Wave Global, CapitalG, Elevation Capital Medium Bankbazaar Fintech Private 2008 217 Chennai 133 Sequoia Capital India, Amazon Inc, Eight Roads Ventures India, Mousse Partners, Experian Low Battery Smart Cleantech Private 2019 450 Delhi NCR 168 Tiger Global Management, Blume Ventures, Stride Ventures, Trifecta Capital Medium BetterPlace Enterprisetech Private 2015 270 Bengaluru 90 Lalitesh Katragadda, Venture Highway, Unitus Ventures, Junglee Ventures, CDC Group, Capria Ventures, 3one4 Capital, British International Investment Medium Blue Tokai Coffee Roasters Foodtech Private 2013 200-300 Delhi NCR 103 Anicut Capital, 12 Flags Group, 8i Ventures, A91 Partners, Huddle Medium BookMyShow Consumer Services Private 1999 700-800 Mumbai 225 Stripes Group, Network 18, Accel Partners India, SAIF Partners, TPG Growth High Brightchamps Edtech Private 2020 650 Hyderabad 63 PremjiInvest, GSV Ventures, BEENEXT, 021 Capital High Capillary Tech Enterprisetech Public 2012 350-500 Bengaluru 240 Warburg Pincus, Sequoia Capital India, InnoVen Capital, Norwest Venture Partners, American Express Ventures Medium Captain Fresh Ecommerce Private 2019 500-530 Bengaluru 218 Ankur Capital, Incubate Fund India, Matrix Partners India, Accel Partners India, Tiger Global High Cashfree Fintech Private 2015 700 Bengaluru 93 Musha Ventures, Y Combinator, Smilegate Investment, Apis Partners High Cashify Ecommerce Private 2013 250-350 Delhi NCR 223 Prosus Ventures, Blume Ventures, Bessemer Venture Partners Medium Cashkaro Ecommerce Private 2013 200 Delhi NCR 30 Kalaari Capital, Korea Investment Partners, Affle Low Celebal Technologies Enterprisetech Private 2015 210 Jaipur 47 Norwest, BlackSoil, InCred Asset Management Low Chaayos Ecommerce Private 2012 250-300 Delhi NCR 94 Tiger Global Management, SAIF Partners, Think Investments, Alpha Wave Ventures, Elevation Capital Medium Chalo Travel Tech Private 2014 400-450 Mumbai 105 Lightrock India,WaterBridge Ventures,Amit Singhal,Trifecta,Stride Ventures,Avataar Venture Partners Medium Citymall Ecommerce Private 2019 320 Delhi NCR 112 Elevation Capital, Accel Partners, WaterBridge Ventures, General Catalyst Partners, Jungle Ventures Medium Classplus Edtech Private 2018 600 Delhi NCR 158 Tiger Global Management, Sequoia Capital, Blume Ventures, RTP Global, Alpha Wave Ventures High Clear Fintech Private 2011 700-750 Bengaluru 140 Composite Capital Management, Elevation Capital, Founders Fund, Kora, Sequoia Capital High CleverTap Enterprisetech Private 2013 770 Mountain View/Mumbai 182 Accel, Peak XV Partners, 360 ONE Asset Management, Tiger Global Management High Country Delight Ecommerce Private 2015 820 Delhi NCR 210 Venturi Partners, Elevation Capital, Alteria Capital, Matrix Partners India, Orios Venture Partners High Credgenics Fintech Private 2018 340 Delhi NCR 78 Accel, Titan Capital, WestBridge Capital, Blue Wolf Capital Partners Medium CueMath Edtech Private 2013 360-400 Bengaluru 121 Sequoia Capital, Alpha Wave Incubation, Manta Ray Ventures, Trifecta Capital Advisors, CapitalG Medium DeHaat Agritech Private 2012 650-700 Delhi NCR 247 IIM Calcutta Innovation Park, Lightrock, Omnivore, Prosus Ventures, Sequoia Capital India High Dhruva Space Advanced Hardware & Technology Private 2012 212 Hyderabad 39 IvyCap Ventures, Creative Destruction Lab, SIDBI Venture Capital, Blue Ashva Capital, IAN Angel Fund Low Digantara Advanced Hardware & Technology Private 2018 200 Bengaluru 65 Peak XV Partners, SBI Investment, 360 ONE Asset, Global Brain Corporation, Campus Fund Low Drip Capital Fintech Private 2015 200-250 Mumbai Not Available Accel, Barclays Investment Bank, East West Bank, Sequoia Capital India, Silicon Valley Bank Low EatClub Brands (Box8) Consumer Services Private 2012 200-300 Mumbai 104 Tiger Global Management, Mayfield Fund, Trifecta Capital, IIFL Low EKA Mobility Cleantech Private 2022 390 Pune 104 NIIF, Mitsui & Co, Enam Holdings, VDL Groep Medium Euler Motors Cleantech Private 2018 400-450 Delhi NCR 378 InnoVen Capital, Alteria Capital, Lightrock, BlackSoil, Blume Ventures Low Everest Fleet Travel Tech Private 2016 400 Mumbai 57 Uber, Axis Bank, Paragon Partners, India, Artha Group, Rockstud Capital Medium Exotel Enterprisetech Private 2011 250-300 Bengaluru 87 Steadview Capital, IIFL Asset Management, A91 Partners, Blume Ventures, Mumbai Angels Medium FarEye Enterprisetech Private 2013 350-400 Delhi NCR 152 TCV, M12 Venture Fund, Indian Angel Network, Elevation Capital, Eight Roads Ventures India Medium Fi Fintech Private 2019 540 Bengaluru 136 B Capital Group, Hillhouse Capital Group, Ribbit Capital, Sequoia Capital, Oceanview Capital Partners High Fibe Fintech Private 2015 550-600 Pune 258 Norwest Venture Partners, Chiratae Ventures, TPG Growth, Piramal Capital & Housing Finance, Eight Roads Ventures High Finova Capital Fintech Private 2015 700 Jaipur 276 Sequoia Capital India, Faering Capital, Norwest Venture Partners, Maj Invest High FirstClub Consumer Services Private 2024 255 Bengaluru 86 Accel, Peak XV Partners, Quiet Capital, RTP Global, Blume Ventures Low FreshToHome Consumer Services Private 2015 450-550 Bengaluru 256 Kortschak Investmesnts, Das Capital, Iron Pillar, Abu Dhabi Investment Office, Crescent Enterprises Venture Capital Medium Geniemode Ecommerce Private 2021 200+ Delhi NCR 87 Tiger Global Management, Info Edge ventures, Stride Ventures, Multiples, Fundamentum Low Giva Ecommerce Private 2019 374 Bengaluru 163 Aditya Birla Ventures,A91 Partners,Alteria Capital,PremjiInvest Medium gokwik Fintech Private 2020 450 Delhi NCR 68 Peak XV Partners, RTP Global, Z47, Titan Capital, FedEx Medium GreyOrange Advanced Hardware & Technology Private 2011 700 Delhi NCR 437 Tiger Global Management, Blume Ventures, Mitsubishi Corporation, Innoven Capital High Hackerrank Enterprisetech Private 2009 500 Bengaluru 110 Khosla Ventures, Battery Ventures, Randstad Innovation Fund, Recruit Holdings High HealthifyMe Healthtech Private 2012 200-250 Bengaluru 150 Khosla Ventures, InnoVen Capital, Inventus Capital, Leapfrog Ventures Low Healthkart Healthtech Private 2011 500 Delhi NCR 350 Intel Capital, Peak XV, Edelweiss, Kae Capital, Sofina, Temasek, A91 Partners, Kae Capital High Hocco Ecommerce Private 2019 225 Ahmedabad 35 Sauce.vc, Chona Family Office Low Homelane Consumer Services Private 2014 360 Bengaluru 157 Aarin Capital, Accel, Brand Capital, Evolvence India Fund, IIFL Asset Management Medium Hopscotch Ecommerce Private 2011 200 Mumbai 71 Rise Capital, LionRock Capital, Velos Partners, LionRock Capital, Jabbar Internet Group Low iD Fresh Food Ecommerce Private 2006 235 Bengaluru 99 PeakXV, Premji Invest, NewQuest Capital Partners, Brand Capital Low ideaforge Advanced Hardware & Technology Public 2007 350-400 Mumbai 40 Qualcomm,Celesta Capital,Florintree Advisors,Infosys,Infina,Exim Bank India Low Indiqube Real Estate Tech Public 2016 450-550 Bengaluru 45 WestBridge Capital, Konark Trust, MMPL Trust High IndMoney Fintech Private 2018 650 Delhi NCR 143 Tiger Global, Steadview Capital, Dragoneer, Sixteenth Street Capital High Innovist Ecommerce Private 2018 350-450 Delhi NCR 103 Accel, Sauce.vc, ICICI Venture, Amazon Smbhav Venture Fund, 72 Ventures Medium Innoviti Fintech Private 2002 210 Bengaluru 104 Bessemer Venture Partners, Winter Capital, Alumni Ventures, Catamaran Low Inshorts Media & Entertainment Private 2013 550 Delhi NCR 165 A91 Partners, Addition, Tiger Global Management, Vy Capital High Insurancedekho Fintech Private 2016 700-750 Delhi NCR 434 TVS Capital Funds, Investcorp, Avataar Venture, Goldman Sachs, Investcorp, LeapFrog Investments High InVideo Artificial intelligence (AI) Private 2017 210 San Francisco/Mumbai 53 Peak XV Partners, Lightspeed Venture Partners, RTP Global, Tiger Global Management, Blume Ventures Low Jupiter Fintech Private 2019 610 Mumbai 171 Global Founders Capital, Hummingbird Ventures, Z47, Peak XV Partners High k12technoservices Edtech Private 2010 445 Bengaluru 82 Kedaara Capital, Peak XV Partners, InnoVen Capital, Venturi Partners, Kaizenvest Medium Keka Enterprisetech Private 2014 210 Hyderabad 59 Recur Club, WestBr
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