At least four Indian real-money gaming startups have lost their unicorn status following the government's ban on online real-money gaming. These include Dream11, Games24x7, Gameskraft, and Mobile Premier League (MPL), according to the ASK Private Wealth Hurun India Unicorn and Future Unicorn Report 2025. Valuations of non-unicorn startups Zupee and Winzo Games also impacted by the ban.