BYJU’s, Zomato, Dream11 among India’s most valuable PE/VC-funded companies as per Hurun
- The second edition of the
Burgundy Private Hurun India500 report featured India’s 500 most valuable companies with combined sales of $820 billion.
- The highest amount of funding was received by edtech platform BYJU’s, according to
- As per the IVCA-EY Report, PE/VC recorded investments worth $8.3 billion in
Indiain Q3 2022, declining 69% y–o-y.
AdvertisementThe second edition of the Burgundy Private
“In the long run, start-up value creation is going to significantly increase the velocity of companies entering the future editions of the Burgundy Private Hurun India 500,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India. He also added that public markets listing, which is considered a litmus test for valuations, has ended up becoming a poisoned chalice for a few.
Some of the biggest value shedders in the list are start-ups such as
As per the IVCA-EY Report, PE/VC recorded investments worth $8.3 billion in India in Q3 2022, declining 69% y–o-y.
Here are the 10 companies with the maximum funding by private equity and venture capitalists (PE/VC) investors, as per the Burgundy Private Hurun India 500 report.
1. BYJU's (2011)
Total Funding: ₹47,680 crore
BYJU’s is the only edtech company to feature on the list. In October this year, the decacorn laid off 2,500 employees to consolidate its businesses. The same month, it raised $250 million from existing investors.
Total funding: ₹41,110 crore
The Bengaluru-based ridesharing company Ola was planning to launch its IPO this year but it has been delayed. Ola is among the 19 companies included in the transport and logistics industry by Hurun.
3. Paytm (2010)
AdvertisementTotal funding: ₹39,460 crore
The Noida-based digital payments and financial services company ranked third on the list. In 2022, Paytm performed strongly on expansion of loan disbursement with reported improvement in earnings before interests, taxes, depreciation and amortisation.
4. OYO (2012)
Total funding: ₹32,880 crore
The Gurugram-based multinational hotel chain is the only startup from the hospitality industry to feature on this list. OYO has over 157,000 storefronts and its app crossed the 100 million download mark in 2021.
5. Swiggy (2014)
AdvertisementTotal funding: ₹29,600 crore
Founded in 2014, the food-delivery start-up Swiggy ranked fifth on the list. The 8-year-old startup with headquarters in Bengaluru has already spread to 500 Indian cities.
6. Zomato (2010)
Total funding: ₹20,550 crore
The Gurugram-based food delivery startup Zomato, which took the sixth position on the list, witnessed a slew of resignations by top executives in 2022, including co-founder Mohit Gupta’s resignation.
7. Sharechat (2015)
AdvertisementTotal funding: ₹13,980 crore
Founded in 2015, Google and Temasek Holdings owned Sharechat is an Indian social media enterprise based in Bengaluru. It also came up with alternatives to Tiktok in India, like Moj and Moj Lite.
8. Dailyhunt (2007)
Total funding: ₹13,980 crore
Coming under the media and entertainment industry, Dailyhunt is owned by VerSe Innovation. It raised $805 million in funding this year. The content aggregation platform is available in 14 Indian languages and was founded in 2007.
9. Dream11 (2008)
AdvertisementTotal funding: ₹13,320 crore
Dream11 is India’s first fantasy sports company to become a unicorn in 2019. Its co-founder Harsh Jain offered jobs to laid off employees at Meta and Twitter this year. Founded in 2008, the company deals with over 13 crore users playing fantasy cricket, football, hockey, handball etc on the platform.
10. PharmEasy (2015)
Total funding: ₹13,150 crore
PharmEasy is an e-pharmacy company founded in 2015 that sells medicines and medical essentials online. The Mumbai based company is the only company from the healthcare industry on this list.
11. Udaan (2016)
AdvertisementTotal funding: ₹13,150 crore
Bengaluru based B2B e-commerce platform Udaan shared the tenth spot with PharmEasy. Udaan enables companies, especially small and medium enterprises, to sell their products online. Amid a startup capital crunch, it also raised $120 million in convertible notes and debt in October alone.
SEE ALSO: Serum Institute of India, BYJU’S, Ola, OYO among top 10 valuable unlisted companies
Adani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies
Top 10 companies in India with the highest revenue in 2022, according to Hurun
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