New Delhi . New companies are doing great. Faster than even years old companies. Joining the market cap club of Rs 1 lakh crore in just 10 years. In a short span of time, the market cap of Nykaa and Zomato startups has become bigger than companies like Coal India, Britannia and IRCTC. Hero MotoCorp has more than doubled the market cap of companies like Bank of Baroda and Cadila Healthcare. On Thursday, Zomato’s market cap reached 1.10 lakh crores and Nyka’s 1.04 lakh crores.
Zomato… failed in 6th and 11th, life became successful-
A poor academic, Deepinder Goyal left his IT job and started a food delivery startup in 2008. At present, we are providing information and delivery facility to 1.2 million restaurants in 23 countries. IPO listed in July, 78 percent oversubscribed. At present its market is more than Rs 1.10 lakh. Deepinder had failed in class 6th and 11th, however later passed IIT.
Nykaa… Journey from Investment Banker to Billionaire
Falguni Nair, who worked as an investment banker after studying MBA from IIM Ahmedabad, started her startup in 2012. Eight years later, in 2020, Nykaa joined Unicorn Startup. After the IPO in October, Nykaa’s stock was overpriced by 89 per cent, taking the company’s market cap to more than 1.04 lakh crore.
Startup at the age of 25, Unicorn at the age of 10… Where Falguni Nair, the founder of Nykaa, started the startup at the age of 49 and Deepinder Goyal of Zomato at the age of 25. Falguni made 9 years and Deepinder made his startup Unicorn i.e. 100 crore market cap in 10 years.
This year 13 companies also in 1 lakh crore club… Apart from this, in 2021, 13 more companies working with huge resources have joined the market cap club of Rs 1 lakh crore. In 2020 this number was 29 which has now increased to 44. Most of these companies are more than 40 years old.
Source: Patrika : India's Leading Hindi News Portal by www.patrika.com.
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