Titan Capital Unvails ‘Indicorns 2025’ To Highlight India’s Profitable Startups

Titan Capital, started by Kunal Bahl and Rohit Bansal, has released the ‘Indicorns 2025 List’ at India Internet Day.

 This list features Indian startups that have earned over ₹100 crore in yearly revenue and are profitable—focusing more on long-term success than just big valuations.

The goal is to highlight businesses that are financially strong, reliable, and create steady value over time. These startups are building for the future, not just fast growth.

Read also- Alt DRX Raises Rs 23 Cr Funding From Qatar Development Bank, others

“For too long, success in the startup ecosystem has been linked to valuations,” said Kunal Bahl, Co-founder of Titan Capital. “With Indicorns, we are recognizing companies built on profitability, steady growth, and long-term impact.”

All 202 startups on the list were launched in the past 15 years. Some grew without outside funding, while others got acquired or went public. Together, they earned Rs 1.51 lakh crore in revenue and Rs 7,393 crore in profit in FY24.

Delhi NCR topped the list with 51 Indicorns, followed by Bengaluru (42) and Mumbai (35). Eight startups achieved this milestone in under 5 years. The top sectors were Fintech (50 startups), E-commerce (16), and Logistics (13). Well-known names include OfBusiness, OYO, Razorpay, Unicommerce and Beardo.

The Indicorns platform shares key details about these startups’ financials and how they’ve grown. Together, the 202 companies have created over 1.46 lakh jobs, showing their big impact on India’s economy.

By focusing on profits and long-term sustainability, these startups are setting a new standard for what success means in Indian entrepreneurship. The list will be updated every year based on company performance and market trends.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.