Top Unicorn Startups in South Asia for 2025

In South Asia, we rank 67 unicorn startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Unicorns in South Asia are falling behind the performance of their global counterparts.

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Top Unicorn Startups in South Asia for 2025

SB Score:823

Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

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National Rank (India)

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SB Score:806

Meesho operates as an online reselling platform that enables anyone to start a business without investment. Meesho connects manufacturers, wholesalers, and suppliers with resellers who use social media platforms like WhatsApp and Facebook to sell products to their network of friends and family. The company was founded in 2015 by Vidit Aatrey and Sanjeev Barnwa and is headquartered in Bangalore, Karnataka.

Industry:
Ecommerce & Retail
Subindustry:
Consumer Goods

City Rank (Bangalore)

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National Rank (India)

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SB Score:774

Razorpay is a platform that enables businesses to accept, process, and disburse payments with its product suite. It gives access to all payment modes including credit card, debit card, net banking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp. The company was founded in 2014 and is headquartered in Bangalore, Karnataka.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Bangalore)

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National Rank (India)

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Global Rank (WorldWide)

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Total amount:67

Best Software & Data Startups in South Asia for 2025

South Asia startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data unicorns in South Asia have raised more than USD 12.4B, an amount that is higher than the global industry average.
SB Score:823

Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

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National Rank (India)

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Global Rank (WorldWide)

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2nd

Ola
SB Score:744

Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

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National Rank (India)

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SB Score:741

Vedantu offers an easy way for Institutes and Teachers to create their own Education App on iOS and Android. The app allows for real-time discussion, doubt sharing, assessment, and feedback, both online and offline. With strong encryption and offline test support, teachers can engage students and track progress effectively.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

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National Rank (India)

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Global Rank (WorldWide)

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Total amount:19

Most Valuable Unicorns in South Asia for 2025

The top three most valuable unicorns in South Asia have raised total funding of more than USD 16.2B. Among the top three funded unicorns, the most popular industry, based on total funding, is Software & Data.
SB Score:745

OYO Rooms revolutionizes budget hospitality by offering affordable accommodations, simplifying the fragmented industry.

Industry:
Social & Leisure
Subindustry:
Travel

City Rank (Gurgaon)

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National Rank (India)

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SB Score:674

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

City Rank (Mumbai)

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National Rank (India)

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SB Score:823

Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

0

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National Rank (India)

0

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Global Rank (WorldWide)

0

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SB Score:774

Razorpay is a platform that enables businesses to accept, process, and disburse payments with its product suite. It gives access to all payment modes including credit card, debit card, net banking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp. The company was founded in 2014 and is headquartered in Bangalore, Karnataka.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Bangalore)

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National Rank (India)

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Global Rank (WorldWide)

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5th

Ola
SB Score:744

Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

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National Rank (India)

0

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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

City Rank (Mumbai)

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National Rank (India)

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Global Rank (WorldWide)

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SB Score:709

Ola Electric paves the way for sustainable mobility, driving the world towards a greener future. Revolutionizing transportation with cutting-edge technology, they are accelerating the transition to eco-friendly solutions. Join them on the journey to a more sustainable tomorrow.

Industry:
Transportation
Subindustry:
Automotive

City Rank (Bangalore)

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National Rank (India)

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SB Score:769

Lenskart, the first of its kind online optical store in India, has made it possible to acquire a good quality pair of specs with prescription lenses for just Rs. 399. With a 48-hour free home delivery guarantee and 365 days return policy, Lenskart.com is doing what e-commerce hasn’t been able to do in India yet. The website has over 500 designs of eye frames, in multiple colors, for all age groups, from Rs. 399 all the way to Rs. 4,000 for a pair. All one needs to do is select a frame, fill in their power, and place an order. You can pay online or at the time of delivery. Lenskart.com has the biggest collection of discounted contact lenses consisting of all top-notch brands (viz. Johnson & Johnson, Bausch & Lomb, Ciba Vision to name a few) and be it disposable, toric, colored, or bifocal contact lenses, you can find all possible types here. Lenskart is dedicated to providing its customers with a simple, hassle-free way to replace their contact lenses. One can receive the exact same contact lens, their doctor prescribed, delivered to their door, at a great price.

Industry:
Ecommerce & Retail
Subindustry:
Consumer Goods

City Rank (New Delhi)

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National Rank (India)

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Global Rank (WorldWide)

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SB Score:628

Pine Labs offers a merchant platform that includes technology and financial solutions for merchants. These solutions are aimed at helping merchants in increasing their revenue and reduce cost, complexity, and risk. The company connects financial institutions and consumer brands to enable merchants to deliver value to their retail customers. It powers offline and online last-mile retail transactions, provides customer insights for targeted sales, and offers financial solutions. The company’s cloud-based platform powers 3,50,000+ POS terminals across 3700 cities and towns in India and Malaysia. Over 1,00,000 merchants across sectors - electronics, food and beverage, fashion, airlines, and more, use Pine Labs’ solutions. 15 major banks, 7 financial institutions, and 100+ brands are part of Pine Labs’ platform.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Noida)

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National Rank (India)

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Global Rank (WorldWide)

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Total amount:67

Top Hiring Unicorns in South Asia by Employee Number

The top three hiring unicorns in South Asia have an average employee size that is larger than to the global average. Among these, the Software & Data industry features the unicorn with the largest workforce.
SB Score:823

Swiggy is an on-demand food delivery platform that brings food from neighborhood restaurants directly to customers' doors. The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track the delivery of its delivery executives, enabling users to order food with speed and convenience. Its service is used to pick up and drop off a diverse array of items, including laundry and document or parcel deliveries to business clients and retail customers.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

0

View

National Rank (India)

0

View

Global Rank (WorldWide)

0

Browse
View full page
SB Score:769

Lenskart, the first of its kind online optical store in India, has made it possible to acquire a good quality pair of specs with prescription lenses for just Rs. 399. With a 48-hour free home delivery guarantee and 365 days return policy, Lenskart.com is doing what e-commerce hasn’t been able to do in India yet. The website has over 500 designs of eye frames, in multiple colors, for all age groups, from Rs. 399 all the way to Rs. 4,000 for a pair. All one needs to do is select a frame, fill in their power, and place an order. You can pay online or at the time of delivery. Lenskart.com has the biggest collection of discounted contact lenses consisting of all top-notch brands (viz. Johnson & Johnson, Bausch & Lomb, Ciba Vision to name a few) and be it disposable, toric, colored, or bifocal contact lenses, you can find all possible types here. Lenskart is dedicated to providing its customers with a simple, hassle-free way to replace their contact lenses. One can receive the exact same contact lens, their doctor prescribed, delivered to their door, at a great price.

Industry:
Ecommerce & Retail
Subindustry:
Consumer Goods

City Rank (New Delhi)

0

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National Rank (India)

0

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Global Rank (WorldWide)

0

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3rd

Ola
SB Score:744

Ola operates a mobile technology platform that integrates city transportation for customers and driver partners in India. Its mobile application allows its customers to book a range of cabs, auto-rickshaws, bikes, and shuttle buses. Ola's mobile application allows customers to book city taxi, outstation travel, car rental, and corporate travel services. Its mobile application is available on Windows, Android, and iOS platforms. Ankit Bhati and Bhavish Aggarwal founded Ola on December 1, 2010. It has its headquarters with additional offices in Bengaluru in India.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Bangalore)

0

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National Rank (India)

0

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Global Rank (WorldWide)

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SB Score:732

Xpressbees is a leading Indian logistics company that specializes in fast and reliable delivery services for e-commerce and various industries. With a strong focus on customer satisfaction, they ensure efficient and secure delivery options for businesses and individuals across the country.

Industry:
Transportation
Subindustry:
Logistics

City Rank (Pune)

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National Rank (India)

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Global Rank (WorldWide)

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Total amount:67

Best Countries for Startups

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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