India’s startup scene stayed active in 2025. Six startups joined the billion-dollar club, despite slower funding activity. The new unicorns are Netradyne, Porter, Drools, Fireflies.ai, Jumbotail, and Dhan. With these additions, India now has 125 unicorns worth a combined $366 billion. While growth slowed, this year proved that strong fundamentals and profitability now matter more than speed.
Netradyne: AI That Makes Roads Safer
Netradyne became 2025’s first unicorn after raising $90 million in a Series D round led by Point72 Private Investments. Founded in 2015 by Avneesh Agrawal and David Julian, Netradyne uses AI to improve road safety. Its smart dashcams track driving behavior, prevent accidents, and reward safe driving.
The company has analyzed 18 billion miles of driving data. It serves 4.5 lakh active users across India, the US, Germany, and Australia. Clients include Indian Oil, Writer Safeguard, and GreenLine Mobility.
Porter: Redefining Urban Logistics
Porter, a hyperlocal logistics startup, became India’s second unicorn of 2025. It raised $200 million from Kedaara Capital and Wellington Management. Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter connects customers and businesses with verified driver-partners.
It works with over 3 lakh drivers and serves 20 lakh SMEs. The goal is to reach 1 crore SMEs by 2030. In FY25, Porter turned profitable with a ₹55.2 crore PAT. Revenue also rose 58% year-on-year to ₹4,306 crore.
Drools: Taking Indian Pet Care Global
Drools, the Bengaluru-based pet care brand, entered the unicorn club in May 2025. The milestone followed Nestlé’s investment in the company.
Founded in 2010 by Fahim Sultan, Drools offers over 650 pet food products. It operates across 40,000 stores and exports to 22 countries.
The brand’s Purepet Cat line now drives 40% of total sales. Backed by Nestlé and L Catterton, Drools’ revenue rose 50% YoY to ₹715 crore.
Fireflies.ai: Automating Meetings with AI
Fireflies.ai joined the unicorn club in June 2025 through a secondary sale that valued it above $1 billion.
Founded in 2016 by Krish Ramineni and Sam Udotong, the company helps teams record, summarize, and analyze meetings using AI.
It supports 20 million users across 500,000 organizations, including 75% of Fortune 500 companies. So far, Fireflies has processed 2 billion minutes of meetings.
The company operates remotely with 120 employees in 20 countries and is backed by Khosla Ventures and Canaan Partners.
Jumbotail: Powering B2B Commerce
Jumbotail, a B2B e-commerce platform, became the fifth unicorn of 2025. It raised $120 million from SC Ventures, the venture arm of Standard Chartered. Founded in 2015 by Karthik Venkateswaran and Ashish Jhina, Jumbotail connects FMCG brands and retailers through a digital marketplace.
After acquiring Solv India, the company now serves five lakh retailers in 400 towns. Its FY24 revenue grew 8% YoY to ₹884 crore, while losses remained steady at around ₹276 crore.
Dhan: Building the Future of Retail Investing
Dhan, the fintech platform from Raise Financial Services, entered the unicorn club in October 2025. It raised $120 million in a Series B round led by Hornbill Capital and MUFG Japan.
Founded in 2021 by Pravin Jadhav, Jay Prakash Gupta, and Alok Pandey, Dhan lets users trade and invest online. It also offers ScanX, Upsurge, and Filter Coffee, tools that help investors learn and analyze markets. In FY25, Dhan reported a profit of ₹400 crore, doubling its FY24 figure. Revenue increased 2.4x to ₹900 crore.
Conclusion
The six startups that became unicorns in 2025 show how India’s startup ecosystem is maturing. Rather than chasing valuations, founders are focusing on profit, innovation, and long-term growth. Whether in AI, fintech, logistics, or pet care, each unicorn reflects India’s shift toward sustainable entrepreneurship — a trend likely to define the next phase of growth.
