Credit Suisse Report Indian Startups Listed in Top 100 Unicorns
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Credit Suisse Research Institute Report: Indian Startups in Top 100 Unicorns

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Six of the top 100 unicorns are based in India, which boasts the third-largest startup ecosystem worldwide, according to research published today by the Credit Suisse Research Institute.

The list of the top 100 unicorns in the world contains six Indian startups: BYJU’s, Swiggy, OYO Rooms, Dream11, Razorpay, and Ola Cabs.

According to the ranking, edtech platform BYJU’s will be the 12th most valuable startup in the world and India at $22 billion at the end of December 2022.

Swiggy, a platform for foodtech, was valued at $10.7 billion, OYO Rooms at $9 billion, Dream11, an online gaming portal, at $8 billion, Razorpay, a payment gateway, at $7.5 billion, and Ola at $7.5 billion.

According to the research, Elon Musk’s SpaceX, SHEIN, Stripe, Canva, Checkout.com, and Revolut are the next five unicorns in order of value, with China’s ByteDance coming in at $140 billion.

According to data, while the total number of unicorns climbed to 1,204 in 2022 from 959 in 2021, their cumulative valuation dropped to $556.6 billion from $1,159.8 billion the year before.

“Compared to the lofty valuations attached in 2021, many of these companies 2022 valuations have shown a very abrupt and downward re-appraisal; this trend was replicated in the valuations of technology companies in the public space during 2022. Space’s overall valuations remain higher than they were in 2020” according to the analysis, by Credit Suisse.

The global banker also published the “Family 1000” report which revealed that family-owned businesses in Asia Pacific outside of Japan experienced excess returns of 330 basis points annually throughout the time period.

The earlier stage of their entrepreneurial lifecycle and the stronger growth that goes along with it are reflected in the earlier-generation companies’ stronger performance, according to the study.
In the Asia Pacific region, some of the biggest and most established family-owned businesses are Samsung, RIL, TCS, SoftBank, Bharti Airtel, and Bajaj Finance.