Breaking Free from Valuation Mania In a landscape long dominated by sky-high valuations and unicorn hype, Titan Capital, founded by Snapdeal’s Kunal Bahl and Rohit Bansal, is shifting
In a landscape long dominated by sky-high valuations and unicorn hype, Titan Capital, founded by Snapdeal’s Kunal Bahl and Rohit Bansal, is shifting the narrative. At India Internet Day, the firm unveiled the ‘Indicorns 2025’ List, spotlighting 202 startups that have crossed ₹100 crore in annual revenue and achieved profitability. This move challenges the existing belief that success in India’s startup ecosystem must revolve around funding milestones. Instead, it brings profitability, sustainability, and true business fundamentals into the spotlight—qualities many believe the ecosystem desperately needs after years of funding-fueled expansion.
The Indicorns 2025 List isn’t just a recognition—it’s a celebration of discipline and long-term thinking. These startups, built over the last 15 years, represent companies that have scaled not through endless capital raises, but by building enduring and efficient businesses. Some have gone public, others have exited, but many have grown organically without ever taking external capital. According to Titan Capital, these companies collectively generated ₹1.51 lakh crore in revenue and ₹7,393 crore in profits in FY24. That scale of impact, achieved through profitability-first models, shows that India’s startup environment is maturing in the right direction.
The Indicorns come from a diverse range of industries, with fintech (50), e-commerce (16), and logistics (13) leading the charge. On the geographic front, Delhi NCR (51 startups) topped the list, followed closely by Bengaluru (42) and Mumbai (35)—reaffirming their status as India’s startup capitals. The list also includes some familiar names like OfBusiness, Razorpay, OYO, Beardo, and Unicommerce, showcasing companies that have balanced scale with sound economics. Impressively, eight startups earned Indicorn status within just five years of founding, while most did so within a decade—highlighting the speed at which sustainable success can be achieved.
What makes the Indicorns platform especially unique is its intent to serve beyond just recognition. Titan Capital is positioning it as a dynamic resource for founders, investors, and policymakers, offering insights into how these businesses grew, managed their operations, and made strategic decisions. This provides invaluable knowledge for newer entrepreneurs looking to scale without sacrificing profitability. By focusing on metrics that actually matter—like revenue, margins, and jobs created—Indicorns shifts the startup conversation from hype to hard numbers, helping India’s innovation economy mature responsibly.
Ultimately, the Indicorns initiative sends a powerful message to the Indian startup ecosystem: profitability is not optional—it’s aspirational. As Kunal Bahl aptly put it, success should be rooted in strength, not just scale. With over 1.46 lakh jobs generated by the featured startups and the list to be updated annually, Titan Capital hopes to inspire a movement toward operational excellence and meaningful innovation. In a world where funding rounds often steal the headlines, Indicorns reminds us that building real businesses—ones that endure—is still the most valuable goal of all.
Get the latest in business, markets, startups, and policy—visit businessnewsindia.in for in-depth updates and follow us on Instagram @businessnewsindia.in for daily bites of what matters most.
Source – Indian Startup News
©2024 | businessnewsindia.in | All Rights Reserved.
