Two Indian companies — Alibaba-backed mobile marketplace One97 Communications that runs digital wallet service Paytm, and restaurant discovery startup Zomato — are among 16 globally that have entered the $1-billion valuation league this year, according to New York-based venture capital tracker CB Insights.
Of the remaining 14, 12 are from the US and one each from China and the UK. Five other Indian companies hit Unicorn status — the term used for those valued at $1 billion or more — before this year. These include e-commerce players Flipkart and Snapdeal, cab aggregator Ola, data analytics firm Mu Sigma and mobile ad tech venture InMobi.
Paytm, Zomato to hit $1 billion valuation this year: Report - The Times of India
Of the remaining 14, 12 are from the US and one each from China and the UK. Five other Indian companies hit Unicorn status — the term used for those valued at $1 billion or more — before this year. These include e-commerce players Flipkart and Snapdeal, cab aggregator Ola, data analytics firm Mu Sigma and mobile ad tech venture InMobi.
Paytm, Zomato to hit $1 billion valuation this year: Report - The Times of India
