Since 2013, startups which cross a $1 billion valuation are labelled as unicorns. Indian entrepreneurs strive to achieve this status ever since. Founded in 2007, InMobi was the first Indian startup to cross the $1 billion mark earning the unicorn label setting a benchmark for entrepreneurs in the country. In the list lies Zomato, Paytm and Ola which achieved this unicorn-status before 2015. Here is a breakdown of the 7 Indian startups which have achieved unicorn status till 2025 across the transport, technology and hospitality sector.

Netradyne (2025)

Bengaluru-based Netradyne, founded by Avneesh Agrawal and David Julian lifted curtains in 2015. It specializes in AI-driven fleet safety and video telematics solutions. The startup provides AI-enabled dashcams that analyse vehicle data and video to enhance driver safety.

Netradyne claims to have analyzed 18 billion driving miles and serves fleet owners across seven countries, including the US, Canada, Mexico, Germany, Australia, and India. Catering over 3,000 global clients, the list includes IndianOil Skytanking, GreenLine Mobility, and Writer Safeguard, with 4.5 lakh active subscribers spanning industries like e-commerce, oil and gas, transportation, and utilities.

The logistics AI startup became 2025’s first unicorn after raising $90 million in a Series D round led by Point72 Private Investments, with participation from Qualcomm Ventures and Pavilion Capital. To date, it has secured over $227 million in funding.

Ather (2024)

Ather Energy Designs manufactures and services electric two-wheelers. Founders, Tarun Mehta and Swapnil Jain in 2013 spearheaded the operation of the biggest player in the space.

The electric two-wheeler player Ather Energy’s operating revenue declined 1.5% year-on-year (YoY) to Rs 1,753.8 Cr in the financial year 2023-24 (FY24), while net loss widened over 22% to Rs 1,059.7 Crore.

The IPO-bound original equipment manufacturer (OEM) entered the unicorn club in August 2024 after securing a funding of INR 600 Cr from existing investor National Investment and Infrastructure Fund (NIIF) at a post-money valuation of  $1.3 billion.

Moneyview (2024)

Moneyview operates a one-stop-shop for personal loans, personal finance management solutions and credit tracking. This fintech startup is the brainchild of Puneet Agarwal and Sanjay Aggarwal. It sealed its unicorn status after raising Rs 39.6 Crore in an equity funding round in September 2024 from Accel India and Nexus Ventures. With a current valuation of $1.2 billion, the Bengaluru startup has reported a 75% increase in operating revenue.

Rapdio (2024)

Also in the transport sector, this ride-hailing platform has expanded from its bike-taxi model to both economy and luxury cabs. The coveted unicorn club welcomed Rapido in July 2024 after the founders,  Rishikesh SR, Pavan Guntupalli, and Aravind Sanka, raised $120 million as a part of its Series E round from existing investor WestBridge Capital.

Its revenues have seen a 1.5X increase from Rs 443 crore in FY23 to Rs 648.1 Crore in the previous fiscal year. The post-money valuation $1 billion makes it the newest cab-hailing platform in the list.

Ola Krutrim (2024)

Founded by Ola Electric and Ola Cabs founder, Bhavish Aggarwal, this AI startup claims to have built its model from scratch. It has been reportedly trained on two trillion tokens and unique datasets.

The Krutrim AI model can understand over 20 Indian languages and generate text in 10 of them including Bengali, Tamil, Malayalam, Gujarati and Marathi. In January 2024, Krutrim became India’s first AI unicorn and Aggarwal’s third unicorn with a $50 Mn funding round led by a clutch of investors, including Matrix Partners India.

RateGain (2024)

Operating in the hospitality space since 2004, Bhanu Chopra founded RateGain to offer SaaS solutions. It has over 3200 customers and 700 partners spanning across 100 countries, RateGain helps spaces accelerate revenue generation through acquisition, retention, and wallet share expansion.

The travel tech SaaS company’s consolidated profit after tax (PAT) zoomed 74% to Rs 52.2 Crore in Q2 FY25 from Rs 30 Crore a year ago. Meanwhile, operating revenue rose 18% to Rs 277.2 Crore during the quarter under review from Rs 234.7 Crore in Q2 FY24.

The listed company’s market capitalisation currently stands at INR 8,253.3 Cr (nearly $953.3 Mn), as of January 2025.