India's Unicorn Club Shrinks: Just 6 New Billion-Dollar Startups Emerge in 2025 as Valuations Get Tougher!
STARTUPSVC
Overview
India saw a significant drop in new unicorn additions in 2025, with only six startups achieving billion-dollar valuations. This slowdown, attributed to tight capital conditions and revised valuation benchmarks, contrasts sharply with 45 unicorns added in 2021. New additions like Netradyne, Porter, and Dhan achieved their status through selective funding or secondary transactions, highlighting a more cautious and discerning investment landscape in the Indian startup ecosystem.
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