 "The 4 richest startups in Delhi")
Mention Indian startups and the world thinks Bangalore. But did you know some of the country’s top unicorn firms are based in Delhi?
Let’s take a look at the five most valued startups of Delhi.
Snapdeal: Valued at $6.5 billion
Wharton graduate Kunal Bahl and IIT-Delhi graduate Rohit Bansal – the founders of Snapdeal were inspired by Chinese giant Alibaba. They decided to turn their offline coupons business into an online marketplace in 2011.
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Snapdeal is backed by Alibaba, Foxconn, Softbank, and Ratan Tata.
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Paytm: Valued at $1.6 billion
Paytm started out in 2010 as a mobile top-up company, but founder Vijay Shekhar Sharma – a graduate of DCE – soon spotted the ecommerce goldmine. It is adopting the online-to-offline model of Alibaba, who is also an investor in the firm.
Valued at $1.6 billion, SAIF Partners, Sapphire Ventures, Silicon Valley Bank, and Ratan Tata are some of its other backers.
ShopClues: Valued at $1.1 billion
Founded in 2011 in Silicon Valley, ShopClues likes to call itself “an online marketplace for the masses.”
Headquartered in Gurgaon it is founded by IIT-Delhi graduate Sanjay Sethi, and Stanford University passout Radhika
Aggarwal – the first woman in the unicorn club.
Valued at over US$1.1 billion, it has investors like Tiger Global Management, GIC, Nexus Venture Partners, and Ratan Tata.
Launched as a restaurant search and discovery platform in 2008, Gurgaon-based Zomato dived into the food delivery business last year.
Founders Deepinder Goyal and Pankaj Chaddah – both IIT Delhi graduates – have since steered the company to 23 countries, including the Philippines and Indonesia.
Zomato has investors in Info Edge, Sequoia India, and Temasek and is valued at just under US$1 billion.