The business term ‘unicorn’ is used to describe a privately owned business that is worth over $1 billion
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
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
Jack Ma founded Ant Group has displaced SpaceX from the second spot this year. The company which owns AliPay is valued at $150 billion
SpaceX, which slipped to the third place, did not see a change in its value and continues to stand at $125 billion
The top 10 most valuable companies also included Reliance Retail and Retail Jio, which are valued at $63 billion and $58 billion respectively
Occupying the sixth and the seventh spot, both these companies are owned by India’s richest man Mukesh Ambani
Within the start-up ecosystem, edtech giant BYJU’S occupied the 18th spot with a valuation of $22 billion
Swiggy: $6 billion
OYO: $10 billion
Razorpay: $7 billion
Ola: $7 billion
CRED: $6 billion
Pharmeasy: $6 billion
The report also highlighted that India has maintained its position as it continues to house the world’s third-largest number of unicorns
Data to collate this report has been picked up from platforms such as Crunchbase and Tracxn