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Key Highlights
- In response to the Hurun India, Mukesh Ambani beneficial properties Rs 90 cr each hour since March Lockdown and is the richest Indian for the ninth time consecutively.
- Founders of Udaan have develop into India’s greatest wealth gainers within the final one yr.
- As per Hurun India, Udaan can also be one of many highest valued unicorn startups in India.
Udaan is a B2B commerce platform, designed particularly for small & medium companies in India. The corporate was co-founded by former Flipkart executives Amod Malviya, Sujeet Kumar, and Vaibhav Gupta in 2016.
As per the current report by Hurun India, Udaan is among the many high 10 highest valued unicorn startups in India. Udaan ranks 156th within the Hurun World Unicorn Checklist 2020 with a complete valuation of US $2.5 billion.
The report additionally states that the startup has raised round US$900 million in complete funding up to now. Out of which, US$30 million was raised in March this yr and earlier, it had raised US$585 million in October 2019.
In affiliation with IIFL Wealth, Hurun India has launched a wealth index in keeping with which Udaan co-founders have come throughout as India’s greatest wealth gainers within the final one yr.
The founders had their wealth improve by 274% on account of robust investor curiosity in B2B e-commerce and topped the most important gainer record in IIFL Wealth Hurun India Wealthy Checklist 2020 for the second consecutive yr. The valuation of Udaan elevated from INR 20,000 Cr in October 2019 to INR 52,500 Cr in February 2020.
Chigurupati Krishna Prasad’s, founding father of the prescribed drugs firm, Granules India’s, adopted the lead of the Udaan founders and was the second quicker riser with a rise of 218% in his complete wealth.
Whereas speaking concerning the index, Anas Rahman Junaid, MD, and Chief Researcher, Hurun India stated, “19 people managed to double wealth within the IIFL Wealth Hurun India Wealthy Checklist 2020 of whom 5 had been in a position to triple their wealth over the past yr. The highest 20 quickest gainers are primarily based in India and unfold throughout sectors, indicating the holistic funding alternative in India’s home market.”
If we discuss concerning the wealthiest people in India, the report states that Mukesh Ambani ranks no.1 with a rise of 73% in his wealth. With a complete web value of INR 6,58,400 Cr, Mukesh Ambani continues to be the richest man in India. Hurun India has additionally said that Mukesh Ambani’s wealth beneficial properties Rs 90 crores each hour since March lockdown.
