We establish the asymptotic behaviour of $μ(G(n,p))$, the number of unlabelled induced subgraphs in the binomial random graph $G(n,p)$, for almost the entire range of the probability parameter $p=p(n)\in[0,1]$. In particular, we show that typically the number of subgraphs becomes exponential when $p$ passes $1/n$, reaches maximum possible base of exponent (asymptotically) when $p\gg 1/n$, and reaches the asymptotic value $2^n$ when $p$ passes $2\ln n/n$. For $p\gg \ln n/n$, we get the first order term and asymptotics of the second order term of $μ(G(n,p))$. We also prove that random regular graphs $G_{n,d}$ typically have $μ(G_{n,d})\geq 2^{c_d n}$ for all $d\geq 3$ and some positive constant $c_d$ such that $c_d\to 1$ as $d\to\infty$.