From valuation to value: Is India backing profits now?

Titan Capital's Indicorns 2025 List celebrates 202 Indian startups that crossed ₹100 crore in revenue and achieved profitability. Ditching the unicorn hype, this new benchmark highlights real businesses built on fundamentals. With ₹1.51 lakh crore in combined revenue and 1.46 lakh jobs created, Indicorns signal a powerful shift toward sustainable growth in India's evolving startup ecosystem.