BYJUs, Zomato, Dream11 are among India’s most valuable PE/VC-funded companies according to Hurun

• The second edition of the Burgundy Private Hurun India 500 report featured India’s 500 most valuable companies with combined revenues of $820 billion.
  
• The highest amount of funding was received by edtech platform BYJUs, according to Hoerun India.
  
• According to the IVCA-EY report, PE/VC recorded investments worth $8.3 billion India in K3 2022a decrease of 69% year-on-year.
  

The second edition of the
Burgundian private Hurun India 500 report featured India’s 500 most valuable companies with combined revenues of $820 billion. While many big start-ups raised public funds last year, many new-age companies are also on the list of most valuable companies funded by private equity and venture capital investors.

“In the long run, creating startup value will significantly increase the rate of companies participating in the future editions of the Burgundy Private Hurun India 500,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India. He also added that stock market listing, considered a litmus test for valuations, has become a poisoned chalice for a few.

Some of the biggest value losers in the list are start-ups like Policy bazaar, paym, Zomato and Nykaa which lost 68%, 59%, 50% and 48% respectively since last year. “This trend is a clear indication that startup valuations based on ‘2021 parameters’ in private markets are heading for a bumpy ride,” Junaid said.

According to the IVCA-EY report, PE/VC made investments worth $8.3 billion in India in the third quarter
2022a decrease of 69% year-on-year.

Here are the 10 companies with the maximum funding from private equity investors and venture capitalists (PE/VC), according to the
Burgundy Private Hurun India 500 report.

1. BYJUs (2011)

Total Funding: ₹47,680 crore

BYJU’s is the only edtech company on the list. In October of this year, the decacorn laid off 2,500 employees to consolidate its operations. In the same month, it raised $250 million from existing investors.

1. Ola (2010)

2.Ola (2010)

Total Funding: ₹41,110 crore

Bengaluru-based ridesharing company Ola had planned to launch its IPO this year, but it has been delayed. Ola is one of 19 companies listed by Hurun in the transportation and logistics industry.

3. Pay (2010)

Total Funding: ₹39,460 crore

The Noida-based digital payments and financial services company was ranked third on the list. In 2022, Paytm performed strongly on loan disbursement expansion with a reported improvement in earnings before interest, taxes, depreciation and amortization.

4. OYO (2012)

Total Funding: ₹32,880 crore

The Gurugram-based multinational hotel chain is the only hospitality startup to feature on this list. OYO has more than 157,000 storefronts and the app passed the 100 million download mark in 2021.

5. Swiggy (2014)

Total Funding: ₹29,600 crore

Founded in 2014, food delivery start-up Swiggy ranked fifth on the list. The 8-year-old startup headquartered in Bengaluru has already spread to 500 Indian cities.

6.Zomato (2010)

Total Funding: ₹20,550 crore

The Gurugram-based food delivery start-up Zomato, which took the sixth position on the list, witnessed a slew of firings by top executives in 2022, including the firing of co-founder Mohit Gupta.

7. Share Chat (2015)

Total Funding: ₹13,980 crore

Founded in 2015, Sharechat is owned by Google and Temasek Holdings and is an Indian social media company based in Bengaluru. It also came up with alternatives to Tiktok in India such as Moj and Moj Lite.

8. Daily Hunt (2007)

Total Funding: ₹13,980 crore

Dailyhunt falls under the media and entertainment industry and is owned by VerSe Innovation. It raised $805 million to fund this
year. The content aggregation platform is available in 14 Indian languages ​​and was founded in 2007.

9. Dream11 (2008)

Total Funding: ₹13,320 crore

Dream11 is India’s first fantasy sports company to become a unicorn in 2019. The co-founder
Hard Jain this year offered jobs to laid-off employees at Meta and Twitter. Established in 2008, the company is dealing with more than 13 crore users playing fantasy cricket, football, hockey, handball, etc. on the platform.

10.PharmEasy (2015)

Total Funding: ₹13,150 crore

PharmEasy is an e-pharmacy company founded in 2015 that sells medicines and medical supplies online. The Mumbai-based company is the only healthcare company on this list.

11. Udan (2016)

Total Funding: ₹13,150 crore

Bengaluru-based B2B e-commerce platform Udaan shared the tenth spot with PharmEasy. Udaan enables businesses, especially small and medium-sized enterprises, to sell their products online. In the midst of a seed capital crisis, it raised $120 million in convertible bonds and debt in October alone.

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