World’s Most Valued Companies: From Reliance to BYJU’S, who made it from India

Story by: Bhavya Kaushal 
Designed by: Mohsin

The business term ‘unicorn’ is used to describe a privately owned business that is worth over $1 billion

Decoding a unicorn

A report compiled by California-based company Tipalti explores the most valued companies across the world. Notably, the list also features Indian companies including Reliance Retail and Jio, BYJU’S, OYO, Swiggy and others

The world’s most
valued companies

ByteDance, which is the parent company of TikTok, is valued at $180 billion. Its valuation has soared by $40 billion in the last one year, the report revealed

ByteDance acquires top spot

Jack Ma founded Ant Group has displaced SpaceX from the second spot this year. The company which owns AliPay is valued at $150 billion

Second on the list

SpaceX, which slipped to the third place, did not see a change in its value and continues to stand at $125 billion

Musk’s spacetech wonder 

The top 10 most valuable companies also included Reliance Retail and Retail Jio, which are valued at $63 billion and $58 billion respectively

Reliance companies in Top 10 Most Valuable Companies

Occupying the sixth and the seventh spot, both these companies are owned by India’s richest man Mukesh Ambani

Mukesh Ambani
dominates list

Within the start-up ecosystem, edtech giant BYJU’S occupied the 18th spot with a valuation of $22 billion

BYJU’S: The most
valued start-up

Swiggy: $6 billion
OYO: $10 billion
Razorpay: $7 billion
Ola: $7 billion
CRED: $6 billion
Pharmeasy: $6 billion

Other Indian companies
on the list

The report also highlighted that India has maintained its position as it continues to house the world’s third-largest number of unicorns

3rd largest unicorn
ecosystem in India

Data to collate this report has been picked up from platforms such as Crunchbase and Tracxn

Note