Hurun lists BYJU’s, Zomato, and Dream11 as the most valued PE/VC-funded businesses in India

The 500 most valuable companies in India were profiled in the second edition of the Burgundy Private Hurun India 500 study, which had combined sales of $820 billion. Many new-age companies are included in the list of the most valuable corporations supported by private equity and venture capital investors, even though many significant startups raised public financing last year.

Hurun India and Startups

Long-term, according to Anas Rahman Junaid, MD and Chief Researcher, Hurun India, start-up value creation will dramatically accelerate the pace of companies entering the Burgundy Private Hurun India 500. The public markets listing, seen as a litmus test for valuations, has turned out to be a poisoned chalice for some, he continued.

Start-ups like Policy Bazaar, Paytm, Zomato, and Nykaa, which have had value losses of 68%, 59%, 50%, and 48%, respectively, since last year, are among the list’s biggest value-shedding companies. Junaid said that this pattern is a blatant sign that start-up valuations in the private markets that are based on “2021 standards” are in for a rough ride. According to the IVCA-EY Report, PE/VC investments totaled $8.3 billion in India in Q3 2022, a 69% year-over-year decline.

Based on the Burgundy Private Hurun India 500 report, here is the list of the top companies receiving the most money from private equity and venture capitalists (PE/VC) investors are:

BYJU’s: 2011

Total Funding: ₹47,680 crore

The only edtech company featured on the list is BYJU’s. 2,500 people were let go by the Decacorn in October of this year to consolidate its operations. It raised $250 million from current investors in the same month.

Ola: 2010

Total Funding: ₹41,110 crore

The IPO for Bengaluru-based ride-hailing business Ola had been scheduled to begin this year, but it has been postponed. Hurun lists 19 companies in the transport and logistics sector, including Ola.

Paytm: 2010

Total Funding: ₹39,460 crore

The third-placed company on the list was the Noida-based provider of digital payments and banking services. Paytm reported improved earnings before interest, taxes, depreciation, and amortization in 2022 as a result of expanding loan disbursement.

OYO: 2012

Total Funding: ₹32,880 crore

The sole startup from the hospitality sector to appear on this list is the international hotel chain with its headquarters in Gurugram. OYO has more than 157,000 stores, and 100 million downloads of the app occurred in 2021.

Swiggy: 2014

Total Funding: ₹29,600 crore

The food delivery startup Swiggy, founded in 2014, came in fifth place. The eight-year-old firm has its base of operations in Bengaluru and has already expanded to 500 Indian cities.

Zomato: 2010

Total Funding: ₹20,550 crore

Zomato, a food delivery business located in Gurugram that came in sixth on the list, saw several prominent executives depart in 2022, including co-founder Mohit Gupta.

Sharechat: 2015

Total Funding: ₹13,980 crore

Sharechat was established in 2015 and is owned by Google and Temasek Holdings. Bengaluru is the home of this Indian social media company. In India, it also developed Tiktok substitutes like Moj and Moj Lite.

Dailyhunt: 2007

Total Funding: ₹13,980 crore

VerSe Innovation is the owner of Dailyhunt, which is included in the media and entertainment sector. This year, it raised $805 million in investment. The content aggregation platform was established in 2007 and is accessible in 14 Indian languages.

Dream11: 2008

Total Funding: ₹13,320 crore

The first fantasy sports startup to achieve unicorn status in India in 2019 is Dream11. This year, its co-founder Harsh Jain offered positions to those who had been let go from Meta and Twitter. The company, which was founded in 2008, works with more than 13 crore people who use the platform to play fantasy cricket, football, hockey, and other sports.

PharmEasy: 2015

Total Funding: ₹13,150 crore

PharmEasy is an online pharmacy that was established in 2015 and offered the purchase of medications and other medical supplies. The only healthcare-related company on this list is the Mumbai-based business.

Udaan: 2016

Total Funding: ₹13,150 crore

Udaan, a B2B e-commerce platform with headquarters in Bengaluru, and PharmEasy shared tenth place. Businesses, especially small and medium-sized ones, can sell their goods online thanks to Udaan. It also raised $120 million in loans and convertible notes in only one month of October, despite a startup finance shortage.

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