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Foreign Investors Love India: Paytm Top-Valued Startup At $10 Bn; Snapdeal & Byju’s Also In The List

ET Bureau|
Top Unicorns In The World
1/17

Top Unicorns In The World

Venture capitalists make a living out of backing the right horse. The corporate racecourse is filled with examples of colts that went on to win big, in part due to funding from well-heeled backers who bought into the early promise. Think Facebook, Spotify, or Alibaba.

According to a report by the machine intelligence platform CB Insights, there were 411 unicorns as of January 2019, of which the lion’s share were registered in the United States and China.

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World's Love For Indian Unicorns
2/17

World's Love For Indian Unicorns

Since the opening up of the Indian economy nearly three decades ago, a raft of businesses have sprung up, becoming torchbearers for the country on the world stage. Despite cloudy skies on the economic front, India remains a favoured destination for foreign investors, many of who see a pot of gold at the end of the rainbow. As many as 19 unicorns are stabled in India. In business parlance, a unicorn is a startup is a private company that is valued at over USD 1 billion. India has the distinction of being in the fourth spot globally in terms of the number of ‘unicorns’ according to the country of their domicile.

Agencies
Countries With Most Unicorns
3/17

Countries With Most Unicorns

The United States boasts 194 unicorns, while China, the United Kingdom and India have 99, 20, and 18 high-value startups. India ranks higher than countries like Germany, France, and South Korea, which have more advanced economies.

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High-Soring Indian Unicorns
4/17

High-Soring Indian Unicorns

At USD 10 billion, the top-valued Indian unicorn is One97 Communications, the parent company of Paytm. The highest-valued private company in the world is China’s Bytedance, the maker of a suite of popular social sharing apps including TikTok, which was briefly banned in India. Other Indian companies on the list include Snapdeal (USD 7 billion), Byju’s (USD 5.75 billion), Oyo Rooms (USD 4.3 billion), Swiggy (USD 3.3 billion), and Zomato (USD 2.18 billion).

Here a look at some of the highest-valued unicorns in India, industry-wise.

Agencies
Artificial Intelligence
5/17

Artificial Intelligence

China’s Bytedance tops the chart at USD 75 billion, followed by Alibaba-backed SenseTime and the New York-headquartered UiPath. USD 7 billion-rated Argo AI is among the top four firms engaged in developing artificial intelligence and machine learning technology. Argo AI, which is backed by the Volkswagen Group and Ford Autonomous Vehicles, is in the process of crafting a self-driving technology platform for clients in the automobile industry. Other notable unicorns in this industry include China’s face recognition company Face+, whose investors include Ant Financial and the Russia-China Investment Fund.

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Auto And Transport
6/17

Auto And Transport

India’s Ola makes it to the list, with secured financial backing from SoftBank Group, Tiger Global Management, Matrix Partners India. However, it is one of the smallest auto and mobility sector companies in the unicorn club. Beijing-based Didi Chuxing is the highest-valued auto unicorn at USD 56 billion. The list also includes Singapore-headquartered Grab and the U.S. scooter-on-rent startup Lime. The investors in Lime include Uber and Google-parent Alphabet.

Agencies
Consumer And Retail
7/17

Consumer And Retail

E-cigarette maker JUUL Labs, which was recently in the news for advertisements targeted at teenagers, is the highest valued consumer unicorn. Some of the other non-traditional entrants to the unicorn club include Zume Pizza, an automated pizza delivery restaurant, and Miniso, the Chinese low-cost retailer and variety store. Entrepreneurs tend to have an affinity for garages - and Apple and Google are not the only ones. BrewDog, a craft brewery founded in a garage in Scotland by two 24-year-olds, who initially took to selling their wares from the back of their van. BrewDog is currently worth USD 1.15 billion.https://public.tableau.com/views/consumerandretailunicorns/Dashboard1?:embed=y&:display_count=yes&publish=yes&:origin=viz_share_link

Agencies
Cybersecurity
8/17

Cybersecurity

Ten of the 11 companies on this list are based in the United States, indicating its dominance in information security. China’s Tongdun Technology, which is valued at USD 1 billion, is the only non-American cybersecurity unicorn. Tanium, Kaseya, and Cybereason take the top three slots. Tanium, valued at USD 6.7 billion, was founded by the father-and-son duo of David and Orio Hindawi, Iraqi Americans.

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Data Management And Analytics
9/17

Data Management And Analytics

Peter Thiel-owned Palantir Technologies is the highest-valued data management focused on big data analytics. Like with cybersecurity unicorns, this list is also dominated by American companies, the only exceptions being Jusfoun Big Data and Alibaba-backed DT Dream. Other noteworthy firms on the list include Databricks, Mu Sigma, and Rubrik.

Agencies
E-Commerce
10/17

E-Commerce

India has two representatives on the list of e-commerce unicorns – Snapdeal and Shopclues. The former is valued at USD 7 billion, while the latter is worth USD 1.10 billion. The American online vendor Wish is the biggest e-commerce unicorn, valued at USD 11.20 billion. South Korea and Brazil are also represented, given their dynamic markets and healthy consumer spending patterns. The online Brazilian real estate rental marketplace QuintoAndar, which is backed by General Atlantic and the Softbank Group, is worth around USD 1 billion.

Agencies
Ed-Tech
11/17

Ed-Tech

Byju’s, which is valued at USD 5.75 billion, has emerged as the biggest unicorn in the education space. The company was founded in 2011 by Byju Raveendran, an engineer by training, and an educator by choice. Within six years of its founding, Byjus had joined the unicorn club. Investors in the company include Tencent Holdings, Lightspeed India Partners, Sequoia Capital India. Eight of the 12 companies on the list are from China, with Vikpid – worth USD 3 billion – the second-highest valued ed-tech unicorn after Byju’s. The American firm Coursera, which was founded around the same time as Byju’s, is worth USD 1 billion.

Agencies
Fintech
12/17

Fintech

One97 Communications, the parent company of Paytm, is the second-largest fintech unicorn by valuation (USD 10 billion), behind the United States’ Stripe. The other Indian companies on this list are Billdesk (USD 1.8 billion) and PolicyBazaar (USD 1 billion). Investors in Billdesk include Visa and Temasek Holdings, while the insurance aggregator PolicyBazaar is backed by Softbank Capital. São Paulo-headquartered Nubank and digital currency exchange Coinbase are the other heavyweights on the list.

Agencies
Hardware
13/17

Hardware

DJI Innovation, the Chinese manufacturer of drones and unmanned aerial vehicles, is the highest valued hardware unicorn. Chinese consumer electronics firm Meizu is also a high ranker, as is Shenzhen-headquartered Royole Corporation, which makes screen displays and sensors. The Israeli-American data storage company Infinidat and the Dutch blockchain technology developer Bitfury round up the top 12.

Agencies
Healthcare
14/17

Healthcare

Samumed, which is involved in medical research on tissue-level regeneration, is the highest valued health unicorn at USD 12 billion. Founded in 2014 by Vivek Ramaswamy, Roivant Sciences is the send-most valuable unicorn on the list. It broke into the unicorn club within four years of its inception. Other companies on the list include early-cancer detection startup GRAIL, whose investors include Bill Gates, Merck, and the personal venture fund of Amazon founder Jeff Bezos.

Agencies
Internet And Services
15/17

Internet And Services

The Chinese online real estate brokerage Beike Zhaofang tops the list of most-valuable internet-enabled service companies. It is worth USD 10 billion. New-York headquartered Vice Media comes in second place at USD 5.70 billion. Digital media outfits seem to have found favour with VCs. Buzzfeed, reddit, and Quora are all unicorns. Indian food delivery apps Swiggy and Zomato also figure on the list.

Agencies
Supply Chain, Logistics And Delivery
16/17

Supply Chain, Logistics And Delivery

India is well represented in the delivery category, with companies like Rivigo, Udaan, Swiggy, and Delhivery making the cut. The highest valued startup in this cohort is DoorDash (USD 12.6 billion), followed by Infor (USD 10 billion) and the Indonesian company Go-Jek (USD 10 billion).

Agencies
Travel
17/17

Travel

Airbnb is the biggest travel unicorn by a fat margin. The San Francisco- headquartered property listing application is valued at USD 29.30 billion, but its future as a unicorn has been subject to much speculation over its ambitions to go public. The Indian hotel aggregator Oyo Rooms is the second-most valuable travel unicorn. Oyo is backed by the SoftBank Group, Sequoia Capital India, and Lightspeed India Partners, among others. Indonesia’s Traveloka (USD 2 billion) and Hong Kong-based Klook (USD 1 billion) are some of the other names on the list.

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