One97 Communications, makers of e-commerce platform Paytm Mall, was the most valuable startup in India with a value of $16 billion as of June 2020. This is according to a list compiled by CB Insights, which shows that the highest-valued startups in India reflect the major growth and venture capital segments from around the world. The startups second and third on the list deal in online education (BYJU’s) and accomodation (OYO), while ridesharing and food delivery also make appearances.
Backers of these highly-valued, up-and-coming companies include Chinese e-commerce giant Alibaba, who invested in Paytm Mall and Zomato, while Japanese player Softbank is bankrolling OYO and the majority of the Paytm Mall account.
Our chart reflects eight of the 21 unicorn startups (companies valued at $1 billion and above) located in India according to CB Insights. The city with the most unicorns in India was Bangalore. Seven of the Indian unicorns are headquartered here, while the rest can be found in Delhi, Mumbai, Noida, Pune, Gurgaon and Gurugram.