As per a recent Economic times report, India’s Billion Dollar companies club now has over 335 companies including Indian start up unicorns that have over billion-dollar market cap.
India’s billion dollar companies club has been steadily growing and now is well over 335. If you want to know the growth and potential of any country’s economy and it’s market, an accurate indicator can be how many billion dollar companies it has. The number of domestic companies whose market value has exceeded a billion dollars has touched an all-time high of 335, exceeding that of countries like Germany, France, Canada or South Korea.
Currently, India is ranked fifth and is inching towards the fourth position which is currently held by the United Kingdom with 351 companies. India is the second-best performer among the top 20 countries so far in 2021 after Hong Kong, and has added $246 billion in market capitalization, taking its total market capitalization to $2.77 trillion.
More than two dozen companies including Hindustan Copper NSE -1.97 %, Bajaj Electricals, IIFL Finance, Shriram City NSE -0.46 %, BASF, NBCC, India Energy Exchange, IDFC along with newly-listed Indian Railway Finance Corporation and Indigo Paints have joined India’s billion-dollar market cap club in the last two months due to the surge in the stock market.
India’s Most Valuable Billion Dollar Start Ups
One97 Communications, makers of e-commerce platform Paytm Mall, was the most valuable startup in India with a value of $16 billion as of June 2020. This is according to a list compiled by CB Insights, which shows that the highest-valued startups in India reflect the major growth and venture capital segments from around the world. The startups second and third on the list deal in online education (BYJU’s) and accomodation (OYO), while ridesharing and food delivery also make appearances.
Backers of these highly-valued, up-and-coming companies include Chinese e-commerce giant Alibaba, who invested in Paytm Mall and Zomato, while Japanese player Softbank is bankrolling OYO and the majority of the Paytm Mall account.
Our chart reflects eight of the 21 unicorn startups (companies valued at $1 billion and above) located in India according to CB Insights. The city with the most unicorns in India was Bangalore. Seven of the Indian unicorns are headquartered here, while the rest can be found in Delhi, Mumbai, Noida, Pune, Gurgaon and Gurugram
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