Key Highlights
- Hurun Report Inc. was established as a research unit in 1999 by British accountant Rupert Hoogewerf.
- Hurun research has found 586 Unicorn startups in the world. Out of which, 61 are of Indian Origin.
- Paytm has become India’s highest-valued startup with a total valuation of US $16 Billion.
- As per the report, one-third of Indian Unicorns conduct business in the e-commerce sector.
In the month of August 2020, The Hurun Research Institute released the Hurun Global Unicorn List 2020, a ranking of the world’s billion-dollar tech ‘start-ups’ founded in the 2000s and not yet listed on a public exchange.
Hurun Research found 586 unicorns in the world, based in 29 countries and 145 cities.
As per the Hurun officials, India officially has 61 unicorns, but only 21 are headquartered in India, with the remaining started up by Indians overseas.
11 Indian startup firms have taken the spots in the Top 10 Indian Unicorn ranks where some are sharing the position with another.
10. Udaan
Udaan is a B2B trade platform that brings manufacturers, traders, retailers, and wholesalers into a single platform. The company was founded by former Flipkart executives Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. Udaan’s net worth has been reported at $2.5 billion bringing it in the list of top 10 most valued startups in India.
10. BigBasket
Bigbasket was founded in 2011 by Hari Menon, VS Sudhakar, Abhinay Choudhari, Vipul Parekh, and VS Ramesh. The e-commerce company has reported a valuation of US $2.5 billion making it India’s leading online grocery store.
07. Zerodha
Founded in 2010, Zerodha is an Indian financial service company, that offers retail and institutional broking, currencies and commodities trading, mutual funds, and bonds. The fintech company’s current valuation is US$3 billion, and shares the 108th position in the list, along with ReNew Power.
07. ReNew Power
Founded by Sumant Sinha in 2011, ReNew Power Limited is reportedly the largest renewable energy IPP in India, with regards to the total energy generation capacity. The company is valued at US$3billion and ranks 108th as per the list.
07. Paytm Mall
Paytm Mall is positioned at 108th rank in the Unicorn list with a total valuation of US$3billion.
05. Zomato
Zomato is an Indian restaurant aggregator and food delivery start-up founded by Deepinder Goyal and Pankaj Chaddah in 2008. With a valuation of US $3.5 billion, Zomato has become India’s leading food delivery platform
05. Swiggy
Swiggy is India’s largest and highest-valued online food ordering and delivery platform founded in 2014. The Unicorn received US$43million as funding in April this year and is currently valued at US $3.5 billion.
04. Ola Cabs
Founded in 2010 in Banglore, Ola Cabs is an Indian ridesharing company offering services that include vehicles for hire and food delivery. Ola ranks 49th in the list, with a business valuation of US $6billion.
02. BYJU’s
Founded in 2011 by Byju Raveendran at Bangalore, BYJU’s is an Indian educational technology and online tutoring firm. The ed-tech startup ranks 31st in the Hurun Global Unicorn List 2020, with a valuation of US $8billion.
02. OYO Rooms
Founded by Ritesh Agarwal, the online hotel booking platform OYO Rooms is currently valued at US $8billion.
01. Paytm
Paytm is an Indian e-commerce payment system and financial technology company, founded in 2010 in Noida, Uttar Pradesh, India. Valued at US$16 billion, Paytm is a leading Indian online payments company. It ranks 13th in the Hurun Global Unicorn List 2020.
