Top Entrepreneurs of 2024: Radhakishan Damani Hurun tops India's list of Self-Made Entrepreneurs, followed by Zomato's Deepinder Goyal.

Radhakishan Damani, founder of DMartretained the number one position in IDFC First Private & Hurun India's top 200 entrepreneurs of Millenia 2024 with a valuation of Rs 3.4 lakh crore, a growth of 44%. Deepinder Goyal's is closely followed ZomatoIt has seen a rating of over 2.5 lakh crores and a remarkable increase of 190%. the creators of SwiggySriharsha Majety and Nandan Reddy, secured the third position. The rising demand for fast commerce among Indian consumers has pushed these entrepreneurs to the top of the list.

Notable non-unicorn companies in the top ten rankings include Avenue Supermarts, Zomato, Max Healthcare Institute, Makemytrip, Policy Bazaar and Nykaa. It is worth noting that out of the ten companies, three are headquartered in Mumbai, Bengaluru and Gurugram.

Fourth on the list are Deep Kalra and Rajesh Magow, founders of MakeMyTrip, with a valuation of Rs 99.3 billion. Founded in 2000 by Deep Kalra, MakeMyTrip initially focused on the US-India travel market, offering competitive products and services with strong technology and customer service. Rajesh Magow, co-founder and group CEO, played a key role in milestones such as the company's NASDAQ listing in 2010, joining the Ibibo team and leading MakeMyTrip's successful post-pandemic recovery.

Abhay Soi, Chairman and Managing Director, Max Healthcare Institute, is ranked fourth with a valuation of Rs 96,100 Cr. His expertise earned him funding from JP Morgan to set up Radiant Life Care, through which he transformed Dr. BL Kapur Memorial Hospital in Delhi and Nanavati Hospital in Mumbai. In 2019, Radiant Life Care, backed by KKR, acquired Max Healthcare's 49.7% stake in South Africa's Life Healthcare.

Yashish Dahiya and Alok Bansal, founders of Policybazaar, have entered the top 10 this year with a valuation of Rs 78,600 Cr, a significant increase of 128% over the previous year. Their income has also seen a significant increase of 36% in the same period. Founded in 2008, Policybazaar's primary mission is to improve transparency in the insurance sector by simplifying plan information, addressing mis-selling practices and reducing policy lapses.

Bhavit Sheth and Harsh Jain, founders of Dream11, India's first gaming unicorn, have jointly bagged seventh position in IDFC FIRST Private and Hurun India's Top 200 Millennial Self-Made Entrepreneurs 2024 with a valuation of Rs 66,500.

Zerodha founders Nithin Kamath and Nikhil Kamath ranked eighth in the list with a valuation of Rs 64,800 Cr. The company's main goal is to democratize stock market investing and trading. Nithin, who has a background in commerce and finance, holds an engineering degree from NITK Surathkal. Nikhil Kamath launched the 'WTF Fund' to support young entrepreneurs under the age of 22 in sectors such as fashion, beauty and cottage industries.

Harshil Mathur and Shashank Kumar, co-founders of Razorpay, are ranked ninth with a valuation of Rs 62.4 billion. Their entrepreneurial journey began in 2014, driven by their observation of challenges in the online payments sector in India. Recognizing the critical problem that needed to be addressed, the pair embarked on a path that has fueled Razorpay's growth alongside India's digital economy.

Falguni Nayar, the visionary behind Nykaa, has entered the top ten this year with a valuation of Rs 56.6 billion, a significant increase of 30% over the previous year. In 2012, she founded Nykaa, an e-commerce platform offering a wide range of beauty products. Today, Nykaa has a diverse portfolio of over 1,000 brands, catering to a broad spectrum of beauty and wellness needs across both genders.

According to the report, 56 founders and 32 companies have been added to IDFC First Private & Hurun India's list of top 200 entrepreneurs of Millennium 2024. In addition, this year there were 32 leave. The number of billion-dollar companies by self-made millennial entrepreneurs has increased by 15%, with a total of 121 companies on the list. Three people in the list are worth INR 1 lakh crore or more, compared to two people last year.

The threshold for inclusion in IDFC First Private & Hurun India's Millennium 2024 Top 200 Employers list has increased by 13% to ₹3.4 billion.

The impressive growth of the Indian stock market brought 12 new entries into the market. Among these newcomers, 38% come from established public companies, while the remaining 18% originate from the start-up sector. This trend represents a potential thaw in the previously challenging startup funding environment.

The combined value of all the companies on this list is a total of 36 lakh crore ($431 billion), showing a significant increase of 20% compared to last year. This value is almost equivalent to the GDP of Maharashtra and exceeds the GDP of all other states in India.



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