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Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun

Livemint

Livemint · 7m ago

Dmart most-valuable India co founded by self-made entrepreneur post-2000; Zomato, Swiggy next: Hurun

Radhakishan Damani-promoted supermarket chain Dmart has become the most valuable Indian company founded by a self-made entrepreneur since 2000, with a valuation of ₹3.42 lakh crore ($46 billion). This data was released by Hurun India, with Dmart owner Avenue Supermarket's value rising by 44% this year. Zomato, founded by Deepinder Goyal, saw a 190% jump in valuation to take the second rank, while Swiggy, founded by Sriharsha Majety and Nandan Reddy, came in third. The report also highlights a 10% reduction in the direct tax outgo for top self-made entrepreneurs, and the prominence of Bengaluru as a location for these companies.

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Who are India's top 10 self-made entrepreneurs according to Hurun?

Money Control

Money Control · 1y ago

Who are India's top 10 self-made entrepreneurs according to Hurun?

DMart Founder Radhakishan Damani topped Hurun's list of India's top 200 self-made entrepreneurs of the millennia 2023 with his company's market capitalisation of ₹2.38 lakh-crore. He's followed by Flipkart founders Sachin & Binny Bansal, and Zomato Founder Deepinder Goyal. Dream11 founders Harsh Jain & Bhavit Sheth, and Swiggy founders tied for 4th spot with their equities valued at ₹66,542 crore.

India produced 109 offshore unicorns, more than any other nation: Hurun

Inshorts · 1y ago

India produced 109 offshore unicorns, more than any other nation: Hurun

Founders from India produced more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, as per a Hurun report. This is one of the reasons behind the slowdown in India's startup ecosystem, Hurun India Founder Anas Rahman Junaid said. Most of the unicorns founded outside of India were in the US.

Startups dominate the list of Karnataka based companies in 2023: Hurun India Report

Thehindubusinessline

Thehindubusinessline · 1y ago

Startups dominate the list of Karnataka based companies in 2023: Hurun India Report

According to the '2023 Burgundy Private Hurun India 500' report, startups dominate the list of Karnataka-based companies, with 61 companies in total, 35 of which are startups. The cumulative value of companies from Karnataka is ₹22 lakh crore, with Infosys being the most valuable company at ₹5.7 lakh crore. Swiggy, Zerodha, and Razorpay are among the top startups in Karnataka. The report highlights Bengaluru as a magnet for investment and a hub for high-growth potential. The total sales of Karnataka companies on the list increased by 32% compared to last year.

Which are the most valuable unlisted firms in India as per Hurun?

Inshorts · 4m ago

Which are the most valuable unlisted firms in India as per Hurun?

The National Stock Exchange of India (NSE) has topped Axis Bank and Hurun India's list of most valuable unlisted companies in India as of 2024, with a valuation of ₹4.7 lakh crore. It's followed by Serum Institute of India, Zoho Corporation, Zerodha, Megha Engineering & Infrastructures, Parle Products, Intas Pharmaceuticals, Dream11, Razorpay and Amalgamations.

Zomato CEO Deepinder Goyal marries former Mexican model Grecia Munoz: Report

IndianStartupNews

IndianStartupNews · 1y ago

Zomato CEO Deepinder Goyal marries former Mexican model Grecia Munoz: Report

Zomato Founder and CEO Deepinder Goyal reportedly got married to Mexican model and entrepreneur Grecia Munoz, with the couple tying the knot over a month ago. Munoz, who once pursued a career in modeling, is currently working on her luxury consumer products startup. This is Goyal's second marriage, and the couple recently returned from their honeymoon. Goyal co-founded Zomato in 2008 and is one of India's wealthiest individuals, with an estimated net worth of $650 million following the company's successful IPO.

Had told Musk 'Don't build SpaceX', he now makes fun of me: Diamandis

Inshorts · 8m ago

Had told Musk 'Don't build SpaceX', he now makes fun of me: Diamandis

Entrepreneur Peter Diamandis said he had advised Elon Musk against setting up a rocket company in 2000. "I was pitching Elon on funding XPRIZE and he said 'No I will do the rocket company'...I showed him all the videos of rocket blowing up and told him to put the money in XPRIZE," he said. Musk had founded SpaceX in 2002.

He built a trillion-dollar company. He wouldn’t do it again

Livemint

Livemint · 1y ago

He built a trillion-dollar company. He wouldn’t do it again

Jensen Huang, the CEO of Nvidia, reflected on the challenges and difficulties he faced in building one of the world's most valuable companies. In an interview, he stated that if he had known then what he knows now, he would not have founded Nvidia. Huang emphasized the importance of resilience and the advantage of being ignorant as an entrepreneur. Despite his personal hesitation to start a company again, he acknowledged that others could benefit from not being aware of the difficulties involved in building a business.

Gaining Ground: These start-ups may become unicorns in five years

Business Today

Business Today · 1y ago

Gaining Ground: These start-ups may become unicorns in five years

ASK Private Wealth Hurun India Future Unicorn Index 2024 predicts that 46 start-ups founded after 2000 are likely to become unicorns, collectively securing $9.7 billion in funding so far. The fintech sector leads with 8 gazelle companies followed by SaaS with 6. The study also revealed that the number of cheetahs, start-ups with the potential to become unicorns in the next five years, has almost doubled to 106, securing $12.4 billion in funding. Only three companies successfully transitioned into unicorns from last year's index, while 10 cheetahs were promoted to gazelles.

Waste management startup Bumboo raises angel funding

Entrackr

Entrackr · 7m ago

Waste management startup Bumboo raises angel funding

Imaga Trade and Craft Pvt Ltd, operating under the brand name Bumboo, has raised its first round of angel funding from industry leaders for an undisclosed amount. The round saw participation from Rohan Bhargava (Co-founder of CashKaro), Saurabh Gupta (CEO and co-founder of UrbanPiper), Shashank Bijapur (Founder of SpotDraft), Rajneil Kamath (Former Google and NC Media), Harikrishnan M (DMart), Sridhar V (Microsoft), and Rajat Jain (Think Wealth). The proceeds will be used to fuel Bumboo's expansion in Indian and global markets. The company claims to have served over 3,500 businesses including prominent names like Zomato, Swiggy, ITC, Blue Tokai, Curefoods, Chaayos, and Barbeque Nation. Founded in 2019 by Anirudh Balakrishnan (Bala), Rohit Keshan, and Praveen Kumar, Bumboo transforms agricultural waste like sugarcane bagasse and wheat straw into sustainable packaging solutions. This approach addresses both waste management and air pollution challenges, particularly relevant in cities like Delhi where crop burning significantly impacts air quality. Based in New Delhi and presence in Bengaluru and Mumbai, Bumboo offers more than 50 plastic alternatives specifically designed for the food service industry, catering to the rapidly growing cloud kitchen and food delivery market.

Hurun India under-35 list: Isha Ambani, Parita Parekh, Ghazal Alagh among top young entrepreneurs.

Livemint

Livemint · 9m ago

Hurun India under-35 list: Isha Ambani, Parita Parekh, Ghazal Alagh among top young entrepreneurs.

Isha Ambani, daughter of billionaire Mukesh Ambani, and Parita Parekh, co-founder of Toddle, have been included in the Inaugural 2024 Hurun India Under-35 list. The list features 150 Indian entrepreneurs under the age of 35, including Isha who serves as a non-executive director of Reliance Retail, and Parita who leads learning at Toddle. Other notable women on the list include Ghazal Alagh, founder of personal care brand Mamaearth. The youngest entrepreneur featured is Ankush Sachdeva, co-founder and CEO of Sharechat. The list also includes Aakash Ambani, Chairman of Reliance Jio Infocomm Limited (RJIL) and Isha's twin brother.

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