Byju’s, Swiggy, Dream11 and Ola are among the highest valued startups in India

Apr 7, 2022

By: BI India Bureau

Byju’s

Byju Raveendran-led Byju’s is the highest valued startup in India but it is also the highest valued edtech company in the world. The company has over 100 million across India and is currently making all efforts into expanding globally | Reported valuation: $22 billion

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Swiggy

Food delivery giant Swiggy entered the decacorn club earlier in January and surpassed the valuation of its publicly-listed rival Zomato. Zomato at one point reached a $15 billion valuation in the public market, however it is currently trading at around $8 billion | Reported valuation: $10.7 billion

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OYO

Hotel and hospitality giant OYO — which is looking to go public this year — is the third highest valued company in India. The company was valued at $10 billion three years ago | Valuation: $9.6 billion

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Dream11

Sports technology company Dream Sports — the parent company of fantasy gaming platform Dream11 — has over 140 million users registered on its platform. Dream Sports is one of the few Indian consumer-tech unicorns that has turned profitable | Valuation: $8 billion

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RazorPay

RazorPay is currently the highest valued fintech startup in India. The company has raised $740 million to date from marquee investors like Y Combinator, Tiger Global Management and Sequoia | Valuation: $7.5 billion

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Ola Cabs

Uber’s Indian rival Ola Cabs — which is looking to go for an initial public offering (IPO) this year— crossed $7 billion in valuation in December 2021 after the company raised $139 million | Valuation: $7.3 billion

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Postman, PharmEasy

Postman is the highest valued software-as-a-service (SaaS) company in India. Meanwhile, IPO-bound PharmEasy is the only online pharmacy company in the unicorn club | Valuation: $5.6 billion

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PhonePe

Digital payments company PhonePe currently processes the highest number of unified payments interface (UPI) payments on a monthly basis. The company — which also offers merchant payments, loans and insurance — also surpasses Google Pay and Paytm in UPI transactions | Valuation: $5.5 billion

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Icertis, Ola Electric, Pine Labs, VerSe, OfBusiness

Five Indian startups — Icertis, Ola Electric, Pine Labs, VerSe and OfBusiness — are currently valued at $5 billion. Ola Electric is a sister company to Ola, meanwhile VerSe is the parent company of Dailyhunt| Valuation: $5 billion

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Meesho

Softbank-backed ecommerce platform Meesho currently has 100 million users registered on the platform, who get access to over 87 million active products. The company is Facebook, Prosus Ventures and B Capital | Valuation: $4.9 billion

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