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India’s startup ecosystem continues to defy gravity, with a new wave of companies reaching the coveted $1 billion valuation mark in record time. According to the Unicorn and Future Unicorn Report 2025 by ASK Private Wealth and Hurun India, ten standout startups have sprinted to unicorn status within just three years of inception. This rapid ascent underscores the country’s growing appetite for innovation, digital transformation, and investor confidence across sectors like fintech, edtech, and quick commerce.
Fastest Unicorns: Breaking the Three-Year Barrier
Zepto
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto disrupted the quick commerce space with its 10-minute grocery delivery model.
Achieved unicorn status in just two years, now valued at $5.9 billion.
Recorded 120 percent revenue growth, making it one of the fastest-growing consumer tech firms in India.
PhysicsWallah
Launched in 2020 by Alakh Pandey, this Noida-based edtech platform became a unicorn in two years.
Valued at $3.7 billion, it posted a staggering 161 percent revenue growth.
Offers affordable online education, especially for competitive exams, and has expanded into offline centers.
BharatPe
Founded in 2018 by Ashneer Grover and Shashvat Nakrani, BharatPe reached unicorn status in three years.
Currently valued at $2.9 billion, it provides payment solutions and credit access to small merchants.
Played a pivotal role in digitizing India’s retail economy.
Ai.tech
Founded in 2022 by Divyank Turakhia, Ai.tech became India’s fastest unicorn of 2025.
Reached a valuation of $1.5 billion in just three years, without external funding.
Focuses on AI-driven enterprise solutions and remains bootstrapped.
CRED
Launched in 2018 by Kunal Shah, CRED entered the unicorn club within three years.
Now valued at $3.5 billion, it offers premium credit card management and rewards.
Posted 66 percent revenue growth and continues to expand its fintech offerings.
Zetwerk
Founded in 2018, this industrial marketplace hit unicorn status in three years.
Valued at $3.1 billion, it connects manufacturers with buyers across sectors.
Known for digitizing India’s fragmented manufacturing supply chain.
Pristyn Care
Healthtech startup founded in 2018 by Dr Garima Sawhney, Dr Vaibhav Kapoor, and Harsimarbir Singh.
Became a unicorn in three years, now valued at $1.4 billion.
Offers minimally invasive surgeries and has expanded to over 40 cities.
Yubi
Fintech platform launched in 2020 by Gaurav Kumar.
Reached $1.5 billion valuation in two years.
Specializes in debt and credit infrastructure for institutional investors.
Udaan
B2B e-commerce firm founded in 2016 by Amod Malviya, Vaibhav Gupta, and Sujeet Kumar.
Achieved unicorn status in two years, now valued at $1.8 billion.
Known for its deep penetration into India’s wholesale and retail markets.
Glance
Consumer tech platform founded in 2019, owned by InMobi.
Became a unicorn in just one year, valued at $1.8 billion.
Offers personalized content on smartphone lock screens and posted 89 percent revenue growth.
Sectoral Momentum and Broader Trends
Fintech leads the unicorn wave with 19 companies valued at a combined $50.1 billion.
E-commerce follows with 12 firms worth $33.1 billion, while SaaS contributes 11 startups totaling $26.9 billion.
Bengaluru remains the startup capital, hosting 26 unicorns valued at $70 billion.
Delhi-NCR and Mumbai trail with 12 and 11 unicorns respectively.
Founder Highlights and Institutional Influence
Zepto’s founders, Aadit Palicha and Kaivalya Vohra, are India’s youngest unicorn creators at age 22.
Women leaders like Ruchi Kalra (OfBusiness), Vineeta Singh (SUGAR Cosmetics), and Garima Sawhney (Pristyn Care) are reshaping leadership narratives.
IIT Delhi and IIM Ahmedabad continue to be the top breeding grounds for unicorn founders.
Conclusion
India’s startup ecosystem is not just growing—it’s accelerating. The emergence of these ten unicorns within three years signals a new era of speed, scale, and strategic execution. With investor participation surging and sectoral diversity expanding, the country is poised to produce even more billion-dollar disruptors in the years ahead.
Sources: MSN News, Livemint, CNBCTV18, Entrepreneur India
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