We’re thrilled to share that Chemkart has been recognised as one of India’s most profitable startups in the prestigious Indicorns 2025 list, curated by Titan Capital. This milestone reflects our team’s commitment to sustainable growth, innovation, and excellence in the nutraceutical and food ingredient industry.
NEW DELHI: Titan Capital, a seed-stage venture capital firm, founded by Kunal Bahl and Rohit Bansal, recently unveiled the ‘Indicorns 2025 List’ list at India Internet Day. The Indicorns index aims to honour startups that have not only surpassed Rs 100 crore in annual revenue but have also achieved profitability.
Indicorns aims to recognise companies that prioritise profitability, durability, and value creation.
Each of the 202 companies featured in the Indicorns 2025 list was founded within the last 15 years. Some have scaled profitably without any external funding, while others have gone on to be acquired or listed publicly. Together, as of FY24, these companies generated a cumulative revenue of Rs 1,51,137 crore and profits of Rs 7,393 crore—a testament to their financial strength and operational excellence.
Kunal Bahl, Co-founder, Titan Capital said in a statement, “For too long, success in the startup world has been equated solely with sky-high valuations. With Indicorns, we’re celebrating a different kind of success—one rooted in fundamentals like profitability, sustainable growth, and real impact. These companies are proving that building enduring businesses in India is not just possible, but already happening at scale. We hope this list inspires a new generation of founders to chase not just scale, but strength.”
The Indicorns platform offers insight into these high-performing startups, from their financial metrics to growth playbooks, aiming to serve as an essential resource for founders, investors, corporates, and policymakers alike. These 200 Indicorns have also collectively created over 1,46,705+ jobs.
The list will be updated annually, welcoming new entries based on performance and market dynamics.
