Flipkart to Oyo, top 4 unicorns account for half of combined valuation

Topics unicorn companies | Flipkart | Oyo

Indian unicorns rustled up a combined valuation of $128.9 billion in 2020 with 11 new players joining the exclusive club last year, according to a report by BofA Global Research. It’s an impressive figure given that Reliance, the country’s largest company in terms of market cap, is pegged at around $181 billion and the second largest, Tata Consultancy Services, is $165 billion. Unicorns are companies that have a valuation of $1 billion and above based on their last round of fund-raising. What is also interesting is that the top four unicorns — Flipkart, Payt.....

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