Indian Soonicorn Tracker: List Of India’s Unicorns Of Tomorrow

India’s startup ecosystem has so far seen 133 startups enter the unicorn club, while another 156 startups are on the verge of entering the coveted club

According to Inc42 analysis, these soonicorns collectively hold a combined valuation of over $66 Bn and have raised $19 Bn in funding to date

Inc42’s Indian Soonicorn Tracker is the definitive resource to explore this segment — covering founding years, sectors, funding history, and investor details for every soonicorn

However, this heightened caution has not diminished investor interest across the board. Sectors such as quick commerce, AI, deeptech, and robotics have come to the forefront. Since several businesses in these sectors are capital-intensive and require longer gestation periods, patient capital has also emerged as a key theme in the ecosystem this year.

India’s startup ecosystem, which now commands a combined valuation of more than $700 Bn, is therefore entering a phase in which investor caution is coexisting with the emergence of new billion-dollar companies.

The unicorn pipeline continues to expand. After six startups attained unicorn status in 2025, seven Indian startups have crossed the $1 Bn valuation mark in 2026 so far.

This year, Sarvam and Emergent joined Krutrim in India’s AI unicorn club, while Skyroot Aerospace became the country’s first spacetech unicorn. Astrotalk became India’s 133rd unicorn after an ESOP buyback valued the spiritual tech startup at $1 Bn.

Meanwhile, more than 150 startups are now at the doorstep of the unicorn club. According to Inc42’s analysis, the Indian startup ecosystem is currently home to 156 soonicorns – startups valued between $200 Mn and under $1 Bn.

Together, these soonicorns command a combined valuation of about $66 Bn and have raised more than $19 Bn to date.

The list spans multiple sectors. It includes quick home services startups Pronto and Snabbit, valued at about $200 Mn and $350 Mn, respectively, as well as consumer brands such as Blue Tokai Coffee, Third Wave Coffee, Wow! Momo, and GIVA.

To keep you up-to-date with India’s evolving startup landscape, Inc42 has launched the Indian Soonicorn Tracker. Covering founding years, sectors, funding, valuations, and investors, the tracker offers a comprehensive view of India’s soonicorn landscape.

Nearly 27% of India’s soonicorns are valued at $500 Mn or more, with 42 startups crossing this threshold.

MoEngage, Whatfix, and PayMate, valued at around $900 Mn each, are among the startups closest to entering the unicorn club. BookMyShow, valued between $700 Mn and $800 Mn, is also among the higher-valued soonicorns on the list.

About 65 startups are valued between $250 Mn and under $500 Mn, while 41 are under $250 Mn.

Fintech is the most dominant sector in the soonicorn club, accounting for 38 of the 156 startups on the list. The segment includes several high-value startups, such as Turtlemint, PayMate, Mintifi, M2P Fintech, Cashfree, Finova Capital, Stashfin, and Clear.