Startup India, an ambitious mission started under the National Democratic Alliance (NDA) government in 2016, completes 10 years today.  A decade-long journey filled with success and growth has taken India’s startup ecosystem to new heights, creating employment, solving problems, and reshaping the country’s economy. Since its inception, the initiative has added more than 50 startups a day to reach 2 lakh recognised startups to date, generating over 21 lakh jobs, according to official estimates. 

Echoing this success, on the National Startup Day, Prime Minister Narendra Modi on Friday said, “StartUps are engines of change that are shaping the future of our economy and society. They are doing exceptional work in addressing the challenges our planet faces and at the same time generating opportunities for people.” 

According to experts, over this period, India has emerged as one of the world’s largest startup hubs, driven by policy reforms and sustained efforts to promote innovation. 

“We believe that an AI-driven future is within reach when startups, enterprises, and policymakers collaborate to unlock the full potential of data and intelligence. Our strength as a country lies in our innovators — and with continued support, our AI ecosystem will be a cornerstone of global competitiveness and inclusive growth,” Shashank Dubey, Co-founder and CRO, Tredence, told Fortune India. 

At the completion of a decade-long journey of the Startup India mission, let’s look at the top 10 Indian startups by valuation in 2025. 

No 1. Flipkart

Valuation: $36 billion

Flipkart is one of India's leading e-commerce websites for shopping online. Its product categories include mobile phones, fashion, groceries, and home products. It was founded in 2007, which helped bring online shopping to millions of Indians. In fact, over these years, it has emerged as a key driver in the digital economy of the country.

No.2: PhonePe

Valuation: $14.50 billion

PhonePe is a digital payments app based on UPI. People use it to send money, pay bills, and recharge phones. This platform has further expanded its services into insurance and investments. It is widely used across both cities and small towns.

No.3: Zepto

Valuation: $7.18 billion

Zepto is a quick commerce company that delivers groceries in minutes. It basically serves customers in big cities who want fast delivery. The company operates through small local warehouses. Zepto has grown very fast in a very short time.

No.4: ShareChat

Valuation: $5 billion

ShareChat is a social media platform for Indian languages. It allows users to share videos, images, and messages. The app is popular among users from smaller cities and towns. It provides a means for people to express themselves in their own language.

No. 5: OfBusiness.

Valuation: $4.99 billion

OfBusiness addresses small and medium businesses in the supply of raw materials. It also gives access to loans for the growth of the business. The company serves several manufacturing and construction sectors. It really combines business commerce with financial support.

No.6: OYO

Valuation: $4.18 billion

OYO is a hospitality company offering budget-category hotels and stays. It partners with several hotel owners in bringing up the quality and pricing. Working in India and many other countries, OYO made budget travel easier for millions of people.

No.7: CRED

Valuation: $3.63 billion

CRED incentivizes users for paying their credit card bills on time. It gives cashback, deals, and access to financial products. It aims at users with very good credit scores. It's focused on a high-end customer base.

No.8: Zetwerk

Valuation: 3.10 billion

Zetwerk is a B2B platform that connects manufacturers with businesses. It works across industries in infrastructure and heavy engineering. The company helps manage big, complex supply chains. It focuses on improving efficiency in manufacturing.

No. 9: Infra.Market

Valuation: $2.75 billion

Infra.Market provides various construction materials to the builders directly. It cooperates with manufacturers and contractors. It has employed technology to cut costs and waiting time. It caters to large projects related to infrastructure and real estate.

No. 10: BharatPe

Valuation: $2.70 billion

BharatPe is a provider of digital payment solutions to small shops. Merchants are able to accept UPI payments on one QR code. Additionally, loans are offered to aid in business expansion. Primarily, offline retailers are considered.