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Startups dominate the list of Karnataka based companies in 2023: Hurun India Report
Thehindubusinessline
·
1y ago
Medial
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.
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147 Indian startups likely to become unicorns in 5 years: Report
Inshorts
·
2y ago
Medial
According to the 'ASK Private Wealth Hurun India Future Unicorn Index 2023' report, India is expected to have 147 unicorn companies in the next five years. The report highlights that there are presently 51 gazelles, which are likely to achieve unicorn status within three years, and 96 cheetahs, which are anticipated to attain unicorn status within five years. The report also includes startups like Zepto and Rapido in the list of potential future unicorns.
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84 Indian startup Founders with ₹4-lakh cr wealth on Hurun rich list
Inshorts
·
1y ago
Medial
Byju Raveendran, founder and CEO of Byju's, did not make it to the Hurun India rich list of 2023 due to multiple valuation markdowns in the company. In 2022, his personal wealth was reported to be Rs 30,600 crore. In contrast, stakeholders of profitable and bootstrapped Indian startups, such as Zoho and Zerodha, made it to the list. Hurun noted that the average age of Indian entrepreneurs on the 2023 list was 41, and the founders of over 33 Indian unicorns were featured.
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Peak XV Partners most active investor in India: Hurun report
Economic Times
·
1y ago
Medial
Venture Capital firm Peak XV tops the list of most active Indian startup investors with investments in 47 entities. This information comes from the ASK Private Wealth Hurun India Future Unicorn Index 2024. Following Peak XV is Accel, which has invested in 25 companies expected to become unicorns. Peak XV's successful investments include Turtlemint, CleverTap, and Classplus. The report also highlighted a decrease in the number of unicorns from 68 to 67 in 2023. Peak XV has invested in 70% of India's current unicorns. Accel, Tiger Global, Trifecta Capital Advisors, and Blume Ventures also ranked high as investors in Indian startups.
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India has 83 unicorns, 51 gazelles, 96 cheetahs: Hurun India Future Unicorn List 2023
Business Today
·
1y ago
Medial
India currently has 83 unicorns, 51 gazelles, and 96 cheetahs, according to the Hurun India Future Unicorn List 2023. This report solidifies India's position as a global hub for the startup ecosystem, ranking third worldwide. The rise of Indian unicorns highlights the country's potential for wealth creation. The list features 84 startup founders with a cumulative wealth of INR 4.23 crore, and Bengaluru is the leading city with 53 unicorns. However, recent policies like retrospective GST imposition on gaming companies and angel tax might hinder long-term wealth generation.
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Dunzo, Rapido, 23 others drop out of Hurun's Future Unicorn list
Inshorts
·
1y ago
Medial
Dunzo, Rapido, Practo, Paper Boat, Park+, Gaana and Koo were among the 25 startups that dropped out of Hurun India's Future Unicorn Index 2024. The startups were removed from the list "due to their valuation dipping below the required threshold", Hurun said. Axio, NeoGrowth, Melorra, DotPe, RenewBuy, Simple Energy and Bizongo also exited the list.
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Hurun demotes eight ‘Gazelles’ to ‘Cheetahs’; drops 19 startups from unicorn index
Money Control
·
2y ago
Medial
This year's ASK Private Wealth Hurun India Future Unicorn Index features approximately 147 startups that have the potential to become unicorns in the next five years, with an additional 48 new ones added to the list.
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Which are the most valuable unlisted firms in India as per Hurun?
Inshorts
·
5m ago
Medial
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.
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Funding in Karnataka, Gujarat, Tamil Nadu tech startups plummet in 2023: Report
Livemint
·
1y ago
Medial
According to the Tracxn Geo Annual Report, funding in tech startups of Karnataka, Gujarat, and Tamil Nadu witnessed significant declines in 2023. Karnataka's tech startup ecosystem saw a 72% drop in funding, Gujarat-based startups experienced a 66% plunge, and Tamil Nadu witnessed an 85% decrease in funding. Fintech, retail, and enterprise applications were the top-funded sectors in Karnataka, while Chennai was the highest-funded city in Tamil Nadu. Overall, there was a notable decrease in funding rounds and a challenging environment for startups in these regions.
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Funding into Karnataka-based tech startups plummets by 72%: Report
Livemint
·
1y ago
Medial
According to a report by Tracxn, funding in Karnataka's tech startups has dropped by 72% to $3.4 billion in 2023. This is a significant decline from the $12.2 billion raised in 2021 and the $20.4 billion raised in 2022. Late-stage investments saw a 74% decline, while early-stage funding dropped by 71%. Only two startups, PhonePe and Udaan, received the highest funding in 2023. The report also revealed that no new unicorns emerged and no companies went public from the startup ecosystem in Karnataka in 2023. Fintech, retail, and enterprise applications were the top-funded segments in this period. Bengaluru led in terms of city-wise funding.
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Candere Hurun List 2025: Kotak Mahindra Bank’s Shanti Ekambaram leads India’s top women professionals
Business Today
·
2m ago
Medial
Shanti Ekambaram, Deputy Managing Director of Kotak Mahindra Bank, tops the 2025 Candere Hurun India Women Leaders List. Celebrating influential Indian women across business and innovation, Ekambaram, at 62, leads a ₹3.82 lakh crore enterprise, noted for digital banking advancements and financial inclusion. The list, by Candere and Hurun India, highlights 97 women across five pillars—Wealth Creation, Value Creation, Philanthropy, Start-ups, and Culture, with leaders representing over ₹11.7 lakh crore in value.
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