Unicorn Companies

Indian tech ecosystem gets $7.7 bn in funding, down 23% from 2024

India's tech ecosystem attracted $7.7 billion in funding in the first nine months of 2025, down from $10.1 billion in 2024 and sharply below the $29.3 billion peak in 2021

Money meets innovation: The investors fueling India's Next-Gen startups

From Razorpay to FirstCry: Meet the Backers Behind India's Biggest Startup Wins

Good Glamm CEO Sanghvi blames 'too much, too fast' strategy for collapse

Good Glamm Group's Darpan Sanghvi says aggressive expansion across 11 acquisitions created a 'momentum trap' that led to the downfall of the $1.25 billion company

Beauty unicorn Good Glamm Group struggles to pay staff amid cash crunch

The Mumbai-based company has delayed employee salaries while seeking new funding, as three board directors from major VCs recently departed

India startup funding falls 25% in H1 2025, ranks 3rd globally: Tracxn

India saw a funding slowdown in H1 2025 but rose to third globally as sectors like transportation tech and retail attracted major investments; Bengaluru and Delhi led in total capital raised

India likely to see at least 30 GCCs with billion-dollar revenue this year

Data from Pune-based consultancy Wizmatic shows that there were about 24 GCCs with annual revenue of more than $1 billion in FY24; that number is expected to grow by five or six more such players

Ola Group leads innovation race, holds over half of unicorns' patents

Ola Group, spanning ride-hailing, electric vehicles, and AI, now holds over 50 per cent of all patents filed by India's 117 unicorns. India's unicorns collectively hold only 229 patents, with Ola Group owning more than half, according to data from the Indian Patent Advanced Search (IPAS) System. In a recent post on X (formerly Twitter), Ola Founder Bhavish Aggarwal shared, "Happy that Ola group @OlaElectric @Olacabs and @Krutrim have half of all granted patents for all Indian unicorns put together. Not happy with our number of 650 applied patents though. We will accelerate much much more in coming years!" Sources close to Ola confirmed that the group has filed over 650 patent applications, with 180 already granted. This includes filings by Ola Electric, Ola Consumer, and Krutrim, with Ola Electric accounting for the lion's share of about 70-80 per cent of the total. The report reveals that 101 of India's unicorns have filed zero patents, spotlighting a heavy tilt in the startup ...

Motive to hire hundreds as AI unicorns expand, follow Big Tech to India

Motive is among upstarts that are following major tech corporations like Meta and Microsoft into India, betting on one of world's deepest AI engineering pools to speed innovation

Funding squeeze hit brakes on startups' unicorn race in 2024: Tracxn

Time taken to become unicorn fell by half in four years till 2023; back to 2019 levels again

Indian startup unicorns grow far beyond IIT, IIM, and ISBs: Study

At the top of non-IIT/management institutes is Birla Institute of Technology & Science (BITS), which has produced 10 startup unicorn founders in the US

Ed-tech unicorn LEAD Group eyes IPO within 2-3 years: Smita Deorah

The GSV Ventures- and Westbridge Capital-backed firm became a unicorn in 2022 and is now valued at $1.14 billion. The company currently services more than 8K schools and plans to add 3-4K schools

SaaS unicorn Perfios acquires financial crime management company Clari5

The company said the acquisition strengthens its fraud and risk management (FRM) capabilities and drives product-led synergies. Perfios said the move solidifies its presence across key global markets

Indian technology startup scene in 2024: More unicorns, more exits

Technology startups raised $11.3 billion, a six per cent increase from $10.7 billion raised in 2023

Unicorn startups' headcount declines 6.7k in a year: PrivateCircle Research

Mumbai unicorns saw a net decrease of 7,024 employees. Pune and Hyderabad too recorded a decrease in their overall workforce numbers

Focus on 'unicornism' in India overhyped, says Wipro's Rishad Premji

Wipro Executive chairman Rishad Premji on Thursday said that the whole focus on "unicornism" in the country is "overhyped" and being celebrated too much. "You want to focus on building businesses that sustain and then ultimately value will come. You cannot start your journey saying I want to (have) a value of X, Y and Z. That is very turning off. And so, I think it is the first red sign that pops up," he said when asked about the growing trend of startups looking to achieve Unicorn status within a few months of coming into being. Stating that people talk about valuation as opposed to building valuable businesses, he said, "We have overhyped in our country this whole focus on unicornism and we celebrate that too much. There are thousands of other companies that don't make it, but serve a need and are successful, but they don't make unicorn valuation and it doesn't make them non-successful companies, he said. A CII report, in collaboration with McKinsey & Co earlier this year said ..

Indian-born founders lead the charge in US unicorns, reveals study

India heads the list of non-US-born unicorn founders, with 90 from the country, followed by Israel with 52, Canada with 42, the UK with 31, and China with 27 founders

LEAD Group to seek PE funding after hitting profitability milestone

Edtech unicorn hopes to turn the corner by FY25-end, says CEO

Prefer Indicorns over Unicorns for a Indian approach to biz: Kunal Bahl

The term unicorn has emerged from the US, suited more to the American context, and India needs to celebrate 'Indicorns' with its own benchmarks of success and business goals tailored to the Indian context, Snapdeal co-founder Kunal Bahl said on Tuesday. Drawing attention to the rampant usage of the term 'unicorn' in the Indian venture capital industry, he said the world and India have been celebrating unicorns for many years now, but it's important to ask why this concept exists in the first place. The term "unicorn" was created by a venture capitalist in the US to describe companies valued at over USD 1 billion -- "a mythical figure", the entrepreneur-turned-investor said. "India's income levels have gone up. We are seeing companies become profitable in 2-3 years from the starting point. Then why is there an obsession with a currency that is not ours? An amount which is irrelevant in our context, like why Rs 8,300 crore (USD 1 billion)?" he said. Rather, it is better to build ...

Taming the unicorns: Attention to institution building is critical

As India's unicorns race to become decacorns, they must absorb the less glamorous sobriety of institution-building too

India's brain gain: 40 Indian univ alumni join US unicorn founders club

Other Indian universities on the list include IIT Madras, IIT Kharagpur, the Birla Institute of Technology and Science (Pilani), Banaras Hindu University (BHU), and the University of Madras