Titan capital, the seed-degree challenge capital co-based by Kunal Bahl and Rohit Bansal, unveiled the Indicorns 2025 list on Monday, recognizing 202 indian startups that have not only exceeded Rs 100 crore in annual revenue but have also achieved profitability.
Consistent with the annual record, the 202 startups featured on the list have collectively generated Rs 151,137 crore in sales, brought in Rs 7,393 crore in profits, and created over 146,705 jobs as of FY24.
Released at IndiaNet Day 2025, Titan capital evolved the initiative in partnership with market intelligence platform Tracxn, with TiE Delhi-NCR performing as a surrounding companion.
The record additionally highlighted that of the 202 'Indicorn' startups—all based inside the last 15 years—sixty-nine are bootstrapped, 12 have been received, and thirteen are publicly listed.
The report mentioned that 8 startups executed Indicorn fame in below five years, 92 within a decade, and the remaining 102 over 15 years, proving that long-lasting achievement can be finished at varying speeds.
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Geographically, Delhi-NCR leads with 51 Indicorns, followed by Bengaluru (42) and mumbai (35). In the meantime, the fintech quarter has the maximum Indicorns at 50 organizations, accompanied by meansf e-commerce (sixteen) and logistics (thirteen). Some of the most highly regarded names on the list consist of OfBusiness, OYO, Razorpay, Unicommerce, and Beardo.
"For too long, success inside the startup world has been equated entirely with sky-high valuations. With Indicorns, we're celebrating an exclusive sort of achievement—one rooted in basics like profitability, sustainable increase, and real impact," Kunal Bahl stated at the release.
He introduced, "These companies are proving that building enduring businesses in india isn't always just feasible, however, already occurring at scale. We are hoping this list conjures up a new technology of founders to chase now, not simply scale, however, electricity".
Besides popularity, the Indicorns platform serves as a treasured, useful resource that offers special insights into those groups' business fashions, monetary metrics, and strategic playbooks, designed to tell and assist founders, buyers, corporates, and policymakers.
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