India startup ecosystem created its 100th unicorn of 2025 on Tuesday, marking a historic first. The 100th was Bengaluru healthtech firm MedBridge, raising $120 million at a $1.2 billion valuation. The surge reflects a maturing landscape where investors back proven business models and profitability rather than growth-at-all-costs strategies, a significant shift from the 2021-22 boom era.
NASSCOM called it a testament to the resilience of the Indian entrepreneurial ecosystem. Fintech, healthtech, and EV charging dominated the list accounting for 38 of the 100 new companies. India unicorn count now stands at 287, second only to the United States. Commerce Minister Goyal credited Startup India policy and SEBI regulatory reforms for creating a funding environment where quality startups can reach scale.