Chennai-based SaaS giant Zoho Corporation and Bengaluru-based brokerage firm Zerodha have been named two of India's most valuable unlisted firms in the 2024 Burgundy Private Hurun India 500 report.
The report enlists these bootstrapped firms' tremendous growth in a fast-changing economy.
Zoho secured the third spot with a valuation of ₹1.04 lakh crore, a massive 58 per cent jump from the previous year's valuation. On the other hand, Zerodha ranked fourth with a ₹ 87,750 crore valuation, marking a 50 per cent rise year-over-year.
Also read: “The Real Money Is with Gujjus," Says Zerodha’s Nithin Kamath (startuppedia.in)
Zoho's next move - Developing in artificial intelligence and deep tech
Recently, Zoho founder Sridhar Vembu resigned from his executive position to take on the role of chief scientist to focus on research and innovation, especially in the field of artificial intelligence and deep tech.
This could be a tactful move to drive the company's growth and competitiveness in the global SaaS market.
Other unlisted companies that have been placed in the top 10 in the report in terms of valuation are Megha Engineering & Infrastructures, Parle Products, Intas Pharmaceuticals, Dream11, Razorpay and Amalgamations.
Also read: Kotak Mahindra Bank’s Uday Kotak Warns Against India’s Protectionism, Calls For Competitive Industry (startuppedia.in)
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