Reliance Retail rank 6th in world’s most valued companies list
Reliance Retail and Reliance Jio are two of the world’s top ten most valuable companies. They were ranked sixth and seventh in a report by financial technology firm Tipalti, with valuations of $63 billion and $58 billion, respectively. Mukesh Ambani, India’s richest man, owns the companies.
The report also listed the world’s most valuable companies.
The most valuable companies in the world are Chinese tech company ByteDance, financial services corporation Ant Group, and Elon Musk-led SpaceX. These companies are known as hectocorns, or companies worth more than $100 billion. Tipalti stated that it gathered all of the data for the report from Crunchbase and Tracxn. TikTok’s parent company, ByteDance, is valued at $180 billion. According to the report, its value has increased by $40 billion in the last year. This year, Ant Group, founded by Jack Ma, has displaced SpaceX from second place. The company that owns AliPay is worth $150 billion. SpaceX, which fell to third place, saw no change in its value, which remains at $125.
BYJU’S, an edtech company and one of the top Indian start-ups in the country, was ranked 18th on the list. BYJU’S, founded by Byju Raveendran, is worth $22 billion. Other start-ups on the list included foodtech giant Swiggy ($6 billion), hospitality tech start-up OYO ($10 billion), fintech firm Razorpay ($7 billion), ride-hailing platform Ola ($7 billion), Kunal Shah-founded CRED ($6 billion), and pharmtech company Pharmeasy ($6 billion). These are the post-money valuations of the companies.
BYJU’s and OYO are the only decacorn startups in India. A decacorn company is one that is worth at least $10 billion. According to the report, India has maintained its position as the third largest start-up ecosystem, trailing only the United States and China. India still has the world’s third-largest population of unicorns. According to the report, it accounts for about 5.94% of the global market.