India’s Most-Funded Future Unicorns: Hurun Report 2025 Reveals the Leaders of Tomorrow

India’s startup ecosystem is in overdrive. Every few weeks, a new funding announcement, a rising founder story, or a global investor bet adds fuel to the country’s ambition of becoming the world’s innovation hub. The numbers speak for themselves—India now houses one of the largest pools of unicorns and soonicorns, attracting billions in funding across fintech, SaaS, agritech, and clean energy.

The latest ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025 has thrown the spotlight on the most-funded future unicorns—startups that are still on their journey to hitting the $1 billion valuation mark but have already attracted staggering capital. These companies, drawn from Hurun’s “Gazelles” (likely unicorns in 3 years) and “Cheetahs” (likely in 5 years) list, are not just chasing valuations—they are solving real problems at scale.

Here’s a closer look at India’s top 10 most-funded future unicorns of 2025:

Most Funded Indian Startups

1. Fourth Partner Energy – $564 Million Raised

At the top of the list stands Fourth Partner Energy, founded in 2010 in Hyderabad. The renewable energy pioneer has raised $564 million, making it the most-funded future unicorn in India. Led by co-founders Vivek Subramanian and Saif Dhorajiwala, the company is rewriting India’s clean energy story through distributed solar solutions. With heavyweight backers like Norfund, TPG, and Investec, it is expanding globally via acquisitions and large corporate tie-ups—cementing India’s role in the world’s green transition.

2. GreyOrange – $545 Million Raised

In second place is GreyOrange, the Gurugram-based robotics and warehouse automation firm founded in 2011 by Samay Kohli and Akash Gupta. With $545 million in funding from Tiger Global, Blume Ventures, and BlackRock, GreyOrange is taking “Make in India” global. Its AI-driven robotics platforms are deployed by logistics giants and retailers across the world, putting India on the global automation map.

3. Drip Capital – $528 Million Raised

Mumbai-based Drip Capital has quietly emerged as a fintech powerhouse. Founded in 2016 by Pushkar Mukewar, the startup has raised $528 million from Accel, Peak XV Partners, and Y Combinator. Its mission? To simplify cross-border trade finance for small exporters. In an era where global trade remains complex, Drip Capital is making it easier for Indian SMEs to compete internationally with digital-first export financing.

4. StashFin – $430 Million Raised

Consumer lending is one of India’s fastest-growing markets, and StashFin is riding the wave. Founded in 2016 and led by Tushar Aggarwal, the Gurugram-based digital lending platform has raised $430 million from investors like Alto Partners and Snow Leopard Ventures. With personal loans and financial services for the masses, StashFin has reported 270% revenue growth, becoming one of fintech’s breakout stories.

5. Ninjacart – $400 Million Raised

Bengaluru’s Ninjacart, founded in 2015 by Thirukumaran Nagarajan and team, has transformed India’s agri-supply chain. By directly connecting farmers to retailers, Ninjacart has raised $400 million from Tiger Global, Accel, and Walmart. Its mission is clear: cut inefficiencies, reduce food wastage, and give farmers a fairer deal. In a country where agriculture is the backbone of the economy, Ninjacart’s role is nothing short of revolutionary.

6. InsuranceDekho – $398 Million Raised

The insurtech revolution has a new poster child—InsuranceDekho. Founded in 2016 in Gurugram by Ankit Agrawal, the company has raised $398 million from TVS Capital and Avataar Ventures. Its simple, digital-first insurance distribution model is bringing life, health, and motor insurance to millions who were earlier excluded. In a sector known for complexity, InsuranceDekho is making insurance as easy as booking a cab.

7. KreditBee – $360 Million Raised

Also in fintech, KreditBee is one of the fastest-scaling lending startups in India. Founded in 2018 by Madhusudan Ekambaram in Bengaluru, it has secured $360 million from marquee names like Premji Invest and Arkam Ventures. Its instant credit solutions are targeted at young professionals—India’s biggest consumer segment—and its rapid growth is a reflection of the country’s surging appetite for personal finance.

8. Leap – $318 Million Raised

Education is one of India’s strongest exports, and Leap is cashing in on that trend. Founded in 2019 by Arnav Kumar and Vaibhav Singh, this Bengaluru startup has raised $318 million from Jungle Ventures, Owl Ventures, and Peak XV Partners. Leap’s platform helps Indian students prepare, apply, and finance their dream of studying abroad. With rising demand for global education, Leap is positioning itself as a one-stop shop for India’s ambitious youth.

9. Pepperfry – $286 Million Raised

When it comes to home and lifestyle, few names are as familiar as Pepperfry. Launched in 2012 by Ambareesh Murty (late) and Ashish Shah, the Mumbai-based furniture and décor giant has raised $286 million from Norwest and Stride Ventures. A pioneer of online furniture retail in India, Pepperfry continues to balance offline and online strategies to win in the booming consumer lifestyle market.

10. Mintifi & Whatfix – $270 Million Each

Two startups share the final spot:

• Mintifi (Mumbai, founded 2017 by Anup Agarwal) has raised $270 million. Backed by Elevation Capital and Prosus, the fintech startup is building supply chain financing solutions for businesses.

• Whatfix (Bengaluru, founded 2013 by Khadim Batti and Vara Kumar) has also raised $270 million. With backing from Helion and Eight Roads, Whatfix provides digital adoption solutions to enterprises worldwide, helping companies train employees and customers seamlessly.

Why This Matters for India’s Startup Story

These ten startups represent the next generation of unicorns—companies that are scaling fast, backed by marquee global investors, and solving real-world problems in finance, agriculture, energy, education, and technology.

India’s unicorn wave is no longer about chasing billion-dollar valuations alone. It’s about building sustainable, globally relevant businesses. From renewable energy to agritech, from insurtech to edtech, these startups show the diversity and depth of India’s entrepreneurial talent.

As the Hurun Report highlights, the capital flow into these future unicorns is a strong vote of confidence in India’s economic future. For investors, founders, and the ecosystem at large, these stories are proof that the startup surge is just getting started.