Gurugram is home to 104 fintech startups, according to Inc42 Datalabs, making the city one of Delhi NCR’s densest pockets of financial-services innovation. That base spans lending, insurance, wealthtech and banking infrastructure, and it sits inside a Delhi NCR ecosystem that raised $2.2 Bn across 224 deals in 2025 and now counts 41 unicorns.
The sector’s flagship names anchor the list. Oxyzo is Gurugram’s fintech unicorn, while Policybazaar, the listed insurance marketplace, has raised $942 Mn across 12 rounds and went public in November 2021. Beyond them, active names include StrideOne, Indiagold, Claimbuddy, Freed, Vegapay, Toffee Insurance and India Shelter.
Investor appetite for the category remains firm. Fintech absorbed roughly 21% of the $12 Bn that flowed to Indian startups in 2024, the single largest sector share, and the category has stayed among the top two or three sectors by capital every year since 2020 even as overall funding cooled.
Oxyzo, the lending arm of B2B commerce major OfBusiness, has kept raising through the downturn, adding INR 533 Cr (about $62.4 Mn) in debt led by Neo Group to fund its loan book. Policybazaar has grown into the city’s fintech bellwether, posting revenue of INR 5,384.9 Cr in FY25, up 41% year on year, after raising Rs 5,625 Cr in its November 2021 IPO. Its parent PB Fintech, which also owns lending marketplace Paisabazaar, turned profitable at the group level, a milestone that reset how public markets value India’s listed fintechs.
The younger cohort is spreading the sector well beyond payments. Supply-chain financier StrideOne has raised about $43 Mn, Indiagold is building a digital gold-loan business, India Shelter focuses on affordable housing and small-ticket loans against property, and Vegapay and Freed target card infrastructure and debt relief respectively. Lending, insurance and banking infrastructure dominate the mix, and Gurugram’s proximity to both engineering talent and India’s largest financial-services buyers has helped it stay one of the deepest fintech clusters in the country. The companies below are ranked by total funding raised, so best-capitalised names such as Policybazaar and Oxyzo lead rather than early-stage rounds.
