9 desi startups that have become billion-dollar biz

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1 / 10Meet nine Indian tech startups that have become billion-dollar businesses Boosted by the explosion of mobile data and internet connectivity, the Indian corporate world has in the last few years seen the rise of a few startups into a special club: the billion dollar club. There are nine tech companies that are now valued over a billion dollars. These companies – who enjoy a valuation of over billion dollars – are often referred to as unicorns. So here’s a look at nine companies that are valued over $1 billion: …Read more2 / 10BillDesk While BillDesk has been around for a while it got into the Unicorn last year. Visa got a minority stake worth $300 million which valued BillDesk at close to $1.8 billion. The company was started in 2000 and is one of India’s largest online payments processing company. Some of the big investors in BillDesk are Visa, State Bank of India, Bank of Baroda and others. …Read more3 / 10Swiggy While a lot of startups in the food tech business came and couldn’t survive, Swiggy has managed to not just survive but thrive. Founded by Sriharsha Majety, Nandan Reddy and Rahul Jaimini, Swiggy’s valuation went up to $3.3 billion when it raised $1 billion from a host of investors, including Tencent. Some of the major investors in Swiggy are Tencent, Naspers, Wellington Management, Hillhouse Capital and others. …Read more4 / 10Paytm Mall Boosted by funding from Alibaba and Softbank, Paytm Mall became a member of the Unicorn club as it was valued at $1.9 billion. In a competitive e-commerce market place, Paytm Mall is up against bigwigs like Amazon and Walmart-owned Flipkart. The big investors in Paytm Mall are Softbank, Alibaba and Ant Financial. …Read more5 / 10Oyo Founded in 2014 by Ritesh Agarwal, Oyo catapulted into the billion dollar club when it got a funding of $800 million from Softbank last year. The company was then valued at close to $5 billion. The big investors in Oyo include SoftBank Vision Fund, Grab, Sequoia Capital, Lightspeed Venture Partners, Venture Nursery and Hero Enterprises. …Read more6 / 10Byjus When in 2018 Byjus, the education technology platform, received a fresh round of funding (worth $40 million) led by South Africa’s Nasper Ventures, the company was valued at $3.6 billion. Some of the big investors in Byjus include General Atlantic, Sequoia Capital, Verlinvest, Sofina, Chan Zuckerberg Initiative and IFC. According to The Economic Times, Byjus has aggressive overseas expansion plans. …Read more7 / 10FreshworksSoftware maker Freshworks raised $100 million from Sequioa India and Accel Partners. The Chennai-based firm was started in 2010 and its main investors includeSequoia Capital, Accel Partners and Tiger Global….Read more8 / 10Udaan A B2B online market place, Udaan is considered to be the fastest Indian startup to hit a billion dollar valuation. The company was started in 2016 by three former Flipkart executives. Some of the big investors in Udaan are DST Global and Lightspeed Venture Partners. …Read more9 / 10Zomato Another survivor in the food tech business doing very well is Zomato. In October 2018, Ant Financial put $210 million in Zomato which valued the company at close to $2 billion. …Read more10 / 10Policybazaar Started in 2008 by IIT alumni, Policybazaar received a funding of $238 million by Softbank. The parent company is called ETechAces Marketing and Consulting and own digital properties like Policybazaar and Paisabazaar. The main investors include Sogtbank, Inventus Capital, IDG Ventures India and Temasek. …Read more
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