1 / 10Flipkart: Flipkart is one of India's leading e-commerce companies with over 60 million users in FY19. Founded in 2007, Flipkart was the first mover in e-commerce in India. Flipkart's gross merchandise value grew rapidly to $8.4 billion in FY19. Walmart acquired Flipkart in 2018 for $16 billion. Flipkart also owns standalone fashion portals Myntra and Jabong. The company is expected to launch IPO by 2021.
2 / 10Paytm: Paytm is a leading payments company, benefited from digital adoption due to COVID. Digital payments are at an inflection point in India with UPI-based mobile payments expected to grow at over 60 percent CAGR over the next 5 years. The last round valuation for the firm was $16 billion. The company has 150-200 million active users and is expected to go public in 2022. Paytm was founded in 2010. The company has a strong founder and management team from Goldman Sachs, Google, etc. The key investors include Softbank, Ant Financials, T Rowe Price, Discovery Capital. Ant Financials is the largest investor with a 40 percent stake.
3 / 10Byju's: Byju's is the largest online education company in India. Lockdown due to COVID has provided tailwinds to edtech with traffic for leading apps up by 300 percent. Byju's has 70 million registered users and its last round valuation was at $11 billion. Key investors include Naspers and Sequoia and it is likely to go public in 2022-23.
4 / 10PhonePe: Flipkart-acquired PhonePe is a payments company and processes annualized total payments value (TPV) of $180 billion, with 500 million monthly transactions. PhonePe, through Walmart (which owns Flipkart), could look to take its payment solutions to the North American market. The company is looking to turn profitable by 2022 and go public by 2023. PhonePe had acquired Zopper in 2018 to enter the offline merchant payment space. Flipkart had acquired PhonePe in 2016. Walmart has an 82 percent stake.
5 / 10Zomato: Zomato is the largest online food delivery company in India. The online food delivery market is expected to reach $12 billion by 2022. Zomato does 2 million orders per day. The company's biggest investor is Ant Financials with a 26 percent stake and it is likely to go public in the first half of 2021.
6 / 10Policybazaar: Policybazaar is the largest online insurance company in India with over 90 percent market share. It does 0.4 million transactions a month with a health commission rate of 19-20 percent. As per the CEO, the company will go public in 2021. Softbank is the largest investor in the company with an over 15 percent stake. Policybazaar was founded in 2008 with Info Edge being an early investor.
7 / 10Delhivery: Delhivery is the largest third-party online logistics company in India delivering over 1 million packages per day. The company has over 85 fulfillment centers and has delivered 750 million orders to date. Large customers include Amazon, Flipkart. The last valuation of the firm was at $1.5 billion and it may go public in 2021-2022.
8 / 10BigBasket: Big Basket is India's largest pure-play online grocery company. The company has seen a sharp uptick in the number of orders, over three times and doubled new customers during the lockdown. Gross Merchandise Value of BigBasket had reached $1 billion in June, delivering 40 lakh orders per day. Alibaba is the largest investor in the company with a 30 percent stake and the company is likely to go public in 2023.
9 / 10OYO: OYO Rooms is currently the largest hotel chain in India and the sixth-largest globally. It has a portfolio of over 1 million rooms globally and over 23,000 exclusive hotels across 800 cities. In India, OYO is present in over 415 Indian cities with 18,000 properties. The company has had large layoffs as the focus has turned to profitability and rightsizing. Also, there have been challenges with partner hotels on revenue sharing. OYO's investors include Softbank, Lightspeed Venture, Sequoia Capital, etc and it has raised $3.2 billion to date.
10 / 10OLA: Ola is the leading cab-hailing company with a 50-55 percent market share in India. It has a presence in over 250 cities, 1.5 million driver-partners and 1 billion rides annually. It has also built an international presence in Australia, UK and New Zealand. The company further ventured into payments (including pay later options). It was founded in 2011 and its main investors include Softbank, Tiger Global, Tencent, Matrix Global, etc. Ola has raised a total funding of $3.3 billion to date. The company is expected to launch its IPO in 2021.
