Top Unicorn Startups in Mumbai for 2025

In Mumbai, we rank 16 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in Mumbai are falling behind the performance of their global counterparts.

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Top Unicorn Startups in Mumbai for 2025

SB Score:796

Zepto provides a groundbreaking 10-minute grocery delivery service through its user-friendly e-grocery app. With a selection of over 2,500 products, it transforms the grocery shopping experience by ensuring customers receive their essentials promptly and efficiently.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (India)

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Regional Rank (South Asia)

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Global Rank (WorldWide)

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SB Score:790

PharmEasy is a health tech startup offering services such as teleconsultation, medicine deliveries, and diagnostic test sample collections. It also operates an online pharmacy that helps patients connect with local pharmacy stores and diagnostic centers in order to fulfill their extensive medical needs. The startup company is funded and backed by Caisse de Dépôt et Placement du Québec (CDPQ), Ascent Health, Bessemer Venture Partners, Orios Venture Partners, Eight Roads Ventures, InnoVen Capital, and Temasek Holdings. PharmEasy was founded in 2015 by Dharmil Sheth, Mikhil Innani, and Dhaval Shah as a subsidiary of Ascent Health.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (India)

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Regional Rank (South Asia)

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SB Score:735

Purplle offers a unique shopping experience on its app with personalized recommendations based on user personas, search history, and purchase behavior. Customers can virtually try on makeup and receive tailored product suggestions, creating a seamless and enjoyable shopping journey.

Industry:
Ecommerce & Retail
Subindustry:
Retail

National Rank (India)

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Regional Rank (South Asia)

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Global Rank (WorldWide)

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Total amount:16

Best Fintech Startups in Mumbai for 2025

Mumbai startups in the Fintech industry are overperforming their global industry peers. The top three Fintech unicorns in Mumbai have raised more than USD 633M, an amount that is higher than the global industry average.

1st

Acko
SB Score:721

Acko is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and begun offering similar policies in healthcare.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (India)

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SB Score:705

Upstox revolutionizes investing with cutting-edge options for users. Experience innovative investment opportunities with this fin-tech company.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (India)

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Regional Rank (South Asia)

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SB Score:664

CoinDCX is a company that specializes in crypto-enabled financial services. The company focuses on developing borderless financial services that ensure a simpler and uninterrupted flow of capital. Its liquidity, powerful wallet, and impenetrable security make the trading experience fast, reliable, and effortless. CoinDCX has empowered its traders with a bouquet of industry-first products to trade using liquidity from exchanges. The products are designed for all types of traders keeping their trading experience, risk tolerance, and trading frequency into consideration. The company aims to democratize finance and make investments accessible to everyone. CoinDCX was founded in 2018 and is headquartered in Mumbai, Maharashtra, India.

Industry:
Fintech
Subindustry:
Blockchain

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

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Total amount:5

Most Valuable Unicorns in Mumbai for 2025

The top three most valuable unicorns in Mumbai have raised total funding of more than USD 2.11B. Among the top three funded unicorns, the most popular industry, based on total funding, is Fintech.
SB Score:688

Dream 11 is an Indian fantasy sports platform where users can participate in fantasy cricket, kabaddi, and other leagues. Play and strategize with friends to win exciting prizes.

Industry:
Software & Data
Subindustry:
Software

National Rank (India)

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Regional Rank (South Asia)

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Global Rank (WorldWide)

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The National Stock Exchange of India is a top stock exchange globally, known for its high daily turnover and trade volume in equities and derivatives. It is a leading platform for trading, offering a range of investment opportunities for investors.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (India)

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Regional Rank (South Asia)

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Global Rank (WorldWide)

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SB Score:796

Zepto provides a groundbreaking 10-minute grocery delivery service through its user-friendly e-grocery app. With a selection of over 2,500 products, it transforms the grocery shopping experience by ensuring customers receive their essentials promptly and efficiently.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (India)

0

View

Regional Rank (South Asia)

0

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Global Rank (WorldWide)

0

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SB Score:705

Upstox revolutionizes investing with cutting-edge options for users. Experience innovative investment opportunities with this fin-tech company.

Industry:
Fintech
Subindustry:
Financial Services

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

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Eruditus collaborates with top universities to make executive education accessible globally. Eruditus has partnered with more than 30 universities to date, including MIT, Columbia, Harvard, Cambridge, INSEAD, Wharton, UC Berkeley, INCAE, IIT, IIM, NUS, and HKUST, launching more than 100 courses and serving students from more than 80 countries. Many courses are offered and facilitated in multiple languages, including Spanish, Portuguese, and Mandarin. Eruditus was founded in 2010 and is based in Singapore with offices in six countries, 650+ employees, and more than 50,000 student enrolments.

Industry:
Edtech
Subindustry:
Education-Other

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

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SB Score:469

Experience the thrill of real money skill gaming, daily fantasy sports, and casual gaming with our startup. Play to win cash prizes and challenge friends in fast-paced competitions. Join now for endless entertainment and the chance to showcase your skills in a fun and exciting environment.

Industry:
Software & Data
Subindustry:
Software

National Rank (India)

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Regional Rank (South Asia)

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Global Rank (WorldWide)

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SB Score:732

UpGrad offers a diverse range of online programs for higher education. Elevate your skills with our engaging courses designed to help you reach your full potential. Join UpGrad today and unlock a world of opportunities for professional growth and development.

Industry:
Edtech
Subindustry:
Edtech

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

0

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SB Score:664

CoinDCX is a company that specializes in crypto-enabled financial services. The company focuses on developing borderless financial services that ensure a simpler and uninterrupted flow of capital. Its liquidity, powerful wallet, and impenetrable security make the trading experience fast, reliable, and effortless. CoinDCX has empowered its traders with a bouquet of industry-first products to trade using liquidity from exchanges. The products are designed for all types of traders keeping their trading experience, risk tolerance, and trading frequency into consideration. The company aims to democratize finance and make investments accessible to everyone. CoinDCX was founded in 2018 and is headquartered in Mumbai, Maharashtra, India.

Industry:
Fintech
Subindustry:
Blockchain

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

0

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SB Score:692

MyGlamm connects users with experienced stylists, beauticians, nail technicians, and spa aestheticians in one convenient marketplace. Find your perfect beauty professional and book appointments with ease.

Industry:
Healthtech
Subindustry:
Life Sciences

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

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SB Score:627

Rebel Foods, formerly Faasos, is the world's largest chain of Online Restaurants. In 2015, they discovered that 70% of customers had never visited their physical stores. This led to the launch of a multi-brand cloud kitchen model in India, revolutionizing the way food is delivered.

Industry:
Foodtech
Subindustry:
Online Food Ordering

National Rank (India)

0

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Regional Rank (South Asia)

0

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Global Rank (WorldWide)

0

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Total amount:16

Top Hiring Unicorns in Mumbai by Employee Number

The top three hiring unicorns in Mumbai have an average employee size that is larger than to the global average. Among these, the Edtech industry features the unicorn with the largest workforce.
SB Score:732

UpGrad offers a diverse range of online programs for higher education. Elevate your skills with our engaging courses designed to help you reach your full potential. Join UpGrad today and unlock a world of opportunities for professional growth and development.

Industry:
Edtech
Subindustry:
Edtech

National Rank (India)

0

View

Regional Rank (South Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:796

Zepto provides a groundbreaking 10-minute grocery delivery service through its user-friendly e-grocery app. With a selection of over 2,500 products, it transforms the grocery shopping experience by ensuring customers receive their essentials promptly and efficiently.

Industry:
Software & Data
Subindustry:
Enterprise Technology

National Rank (India)

0

View

Regional Rank (South Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:790

PharmEasy is a health tech startup offering services such as teleconsultation, medicine deliveries, and diagnostic test sample collections. It also operates an online pharmacy that helps patients connect with local pharmacy stores and diagnostic centers in order to fulfill their extensive medical needs. The startup company is funded and backed by Caisse de Dépôt et Placement du Québec (CDPQ), Ascent Health, Bessemer Venture Partners, Orios Venture Partners, Eight Roads Ventures, InnoVen Capital, and Temasek Holdings. PharmEasy was founded in 2015 by Dharmil Sheth, Mikhil Innani, and Dhaval Shah as a subsidiary of Ascent Health.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

National Rank (India)

0

View

Regional Rank (South Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:627

Rebel Foods, formerly Faasos, is the world's largest chain of Online Restaurants. In 2015, they discovered that 70% of customers had never visited their physical stores. This led to the launch of a multi-brand cloud kitchen model in India, revolutionizing the way food is delivered.

Industry:
Foodtech
Subindustry:
Online Food Ordering

National Rank (India)

0

View

Regional Rank (South Asia)

0

View

Global Rank (WorldWide)

0

Browse
View full page

Total amount:16

Explore the Startup Ecosystem of Mumbai

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3rd

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Regional Rank

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3rd

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Global Rank

(WorldWide)

20th

5

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