Byju Raveendran, Zomato's Gaurav Gupta make it to WEF's Young Global Leaders list; 2 Indian women leaders also feature
The other 3 Indians on the list are Tara Singh Vachani, Vinati Mutreja and Swapan Mehra.
By PTI | Updated:
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Under the age of 40, WEF said in a statement that Byju Raveendran and Gaurav Gupta were among the most-promising executives, and pushed boundaries, achieved firsts, innovated and broke traditional rules to improve the world.
NEW DELHI/GENEVA: Byju Classes' founder Byju Raveendran and Zomato's co-founder Gaurav Gupta are among the five Indians named by the World Economic Forum (WEF) in its new list of 115 Young Global Leaders on Wednesday.
Announcing the list, Geneva-based WEF said these 'change-makers' from as many as 52 countries are working in areas ranging from revamping of health systems to investigating corruption while using their power of the under 40s to change the world.
The other three Indians on the list are Tara Singh Vachani (CEO of Antara Senior Living), Vinati Mutreja (Managing Director and CEO, Vinati Organics Limited), and Swapan Mehra (CEO, Iora Ecological Solutions).
Vachani-led Antara Senior Living is focused on improving the lives of seniors and is billed as the first Indian venture creating vibrant residential communities that offer lifestyle with lifecare.
Mutreja-led Vinati Organics a speciality chemical company where she has applied innovative methods for selecting chemical processes and products that are environmentally attractive.
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Raveendran, who launched Byju's as a learning app in 2015, calls himself a teacher by choice and an entrepreneur by chance.
Gupta's Zomato has been a pioneering food technology start-up, which he launched as a table reservation business and then scaled it up across India, the UAE and Australia.
Mehra-led Iora Ecological Solutions is into climate action and ecosystem conservation in India.
These five Indians are joined on the 2020 list of YGLs by US women's football team co-captain Megan Rapinoe, world-renowned street artist JR, New Zealand's first refugee parliamentarian Golriz Gharhaman, Finland's youngest prime minister Sanna Marin, BBC News's Africa Business Editor Larry Madowo and Xiaomi's international business president Chew Shou Zi.
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(L-R) Tara Singh Vachani, Swapan Mehra and Vinati Mutreja were the other Indians to make it to the list. The list also incudes Muhammad Hammad Azhar (Federal Minister for Economic Affairs in Pakistan), Ugyen Dorji (Minister of Labour and Human Resources, Bhutan) and Atika Rehman (UK Correspodent for Dawn.com, Pakistan)
Under the age of 40, these individuals are among the most promising artists, activists, academics, executives and political leaders and they are "pushing boundaries, achieving firsts, innovating and breaking traditional rules to improve the world," the WEF said in a statement.
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The WEF, which describes itself as an international organisation for public-private cooperation, said these 115 individuals join the Forum of Young Global Leaders, whose members have gone on to become Nobel Prize recipients, UN Goodwill Ambassadors and CEOs of Fortune 500 companies.
Today this Forum has 1,300 members and alumni, representing more than 115 countries and the notable members include actress Yao Chen, lawyer Amal Clooney, author Hilary Cottam, filmmaker Wanuri Kahiu, Alibaba founder Jack Ma and Wikipedia founder Jimmy Wales.
Foreign Investors Love India: Paytm Top-Valued Startup At $10 Bn; Snapdeal & Byju’s Also In The List
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Venture capitalists make a living out of backing the right horse. The corporate racecourse is filled with examples of colts that went on to win big, in part due to funding from well-heeled backers who bought into the early promise. Think Facebook, Spotify, or Alibaba.
According to a report by the machine intelligence platform CB Insights, there were 411 unicorns as of January 2019, of which the lion’s share were registered in the United States and China.
Venture capitalists make a living out of backing the right horse. The corporate racecourse is filled with examples of colts that went on to win big, in part due to funding from well-heeled backers wh..
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Since the opening up of the Indian economy nearly three decades ago, a raft of businesses have sprung up, becoming torchbearers for the country on the world stage. Despite cloudy skies on the economic front, India remains a favoured destination for foreign investors, many of who see a pot of gold at the end of the rainbow. As many as 19 unicorns are stabled in India. In business parlance, a unicorn is a startup is a private company that is valued at over USD 1 billion. India has the distinction of being in the fourth spot globally in terms of the number of ‘unicorns’ according to the country of their domicile.
Since the opening up of the Indian economy nearly three decades ago, a raft of businesses have sprung up, becoming torchbearers for the country on the world stage. Despite cloudy skies on the economi..
Read More
The United States boasts 194 unicorns, while China, the United Kingdom and India have 99, 20, and 18 high-value startups. India ranks higher than countries like Germany, France, and South Korea, which have more advanced economies.
The United States boasts 194 unicorns, while China, the United Kingdom and India have 99, 20, and 18 high-value startups. India ranks higher than countries like Germany, France, and South Korea, whic..
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At USD 10 billion, the top-valued Indian unicorn is One97 Communications, the parent company of Paytm. The highest-valued private company in the world is China’s Bytedance, the maker of a suite of popular social sharing apps including TikTok, which was briefly banned in India. Other Indian companies on the list include Snapdeal (USD 7 billion), Byju’s (USD 5.75 billion), Oyo Rooms (USD 4.3 billion), Swiggy (USD 3.3 billion), and Zomato (USD 2.18 billion).
Here a look at some of the highest-valued unicorns in India, industry-wise.
At USD 10 billion, the top-valued Indian unicorn is One97 Communications, the parent company of Paytm. The highest-valued private company in the world is China’s Bytedance, the maker of a suite of po..
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China’s Bytedance tops the chart at USD 75 billion, followed by Alibaba-backed SenseTime and the New York-headquartered UiPath. USD 7 billion-rated Argo AI is among the top four firms engaged in developing artificial intelligence and machine learning technology. Argo AI, which is backed by the Volkswagen Group and Ford Autonomous Vehicles, is in the process of crafting a self-driving technology platform for clients in the automobile industry. Other notable unicorns in this industry include China’s face recognition company Face+, whose investors include Ant Financial and the Russia-China Investment Fund.
China’s Bytedance tops the chart at USD 75 billion, followed by Alibaba-backed SenseTime and the New York-headquartered UiPath. USD 7 billion-rated Argo AI is among the top four firms engaged in deve..
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India’s Ola makes it to the list, with secured financial backing from SoftBank Group, Tiger Global Management, Matrix Partners India. However, it is one of the smallest auto and mobility sector companies in the unicorn club. Beijing-based Didi Chuxing is the highest-valued auto unicorn at USD 56 billion. The list also includes Singapore-headquartered Grab and the U.S. scooter-on-rent startup Lime. The investors in Lime include Uber and Google-parent Alphabet.
India’s Ola makes it to the list, with secured financial backing from SoftBank Group, Tiger Global Management, Matrix Partners India. However, it is one of the smallest auto and mobility sector compa..
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E-cigarette maker JUUL Labs, which was recently in the news for advertisements targeted at teenagers, is the highest valued consumer unicorn. Some of the other non-traditional entrants to the unicorn club include Zume Pizza, an automated pizza delivery restaurant, and Miniso, the Chinese low-cost retailer and variety store. Entrepreneurs tend to have an affinity for garages - and Apple and Google are not the only ones. BrewDog, a craft brewery founded in a garage in Scotland by two 24-year-olds, who initially took to selling their wares from the back of their van. BrewDog is currently worth USD 1.15 billion.https://public.tableau.com/views/consumerandretailunicorns/Dashboard1?:embed=y&:display_count=yes&publish=yes&:origin=viz_share_link
E-cigarette maker JUUL Labs, which was recently in the news for advertisements targeted at teenagers, is the highest valued consumer unicorn. Some of the other non-traditional entrants to the unicorn..
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Ten of the 11 companies on this list are based in the United States, indicating its dominance in information security. China’s Tongdun Technology, which is valued at USD 1 billion, is the only non-American cybersecurity unicorn. Tanium, Kaseya, and Cybereason take the top three slots. Tanium, valued at USD 6.7 billion, was founded by the father-and-son duo of David and Orio Hindawi, Iraqi Americans.
Ten of the 11 companies on this list are based in the United States, indicating its dominance in information security. China’s Tongdun Technology, which is valued at USD 1 billion, is the only non-Am..
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Peter Thiel-owned Palantir Technologies is the highest-valued data management focused on big data analytics. Like with cybersecurity unicorns, this list is also dominated by American companies, the only exceptions being Jusfoun Big Data and Alibaba-backed DT Dream. Other noteworthy firms on the list include Databricks, Mu Sigma, and Rubrik.
Peter Thiel-owned Palantir Technologies is the highest-valued data management focused on big data analytics. Like with cybersecurity unicorns, this list is also dominated by American companies, the o..
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India has two representatives on the list of e-commerce unicorns – Snapdeal and Shopclues. The former is valued at USD 7 billion, while the latter is worth USD 1.10 billion. The American online vendor Wish is the biggest e-commerce unicorn, valued at USD 11.20 billion. South Korea and Brazil are also represented, given their dynamic markets and healthy consumer spending patterns. The online Brazilian real estate rental marketplace QuintoAndar, which is backed by General Atlantic and the Softbank Group, is worth around USD 1 billion.
India has two representatives on the list of e-commerce unicorns – Snapdeal and Shopclues. The former is valued at USD 7 billion, while the latter is worth USD 1.10 billion. The American online vendo..
This year, over half the new members are women and nearly half of YGLs are from emerging economies.
"They have worked to solve waste management challenges by focusing on improving treatment capacity in Indian plants, and more broadly, they have equipped young generations with the tools to effectively influence politics and policy," it said.
The new YGL class will take part in a five-year programme that includes executive education courses, group expeditions and opportunities to collaborate and test ideas with a trusted network of peers, the WEF said.
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