IIFL Wealth Hurun Rich List 2020: Top Richest Indian Entrepreneurs

• IIFL Wealth Hurun India has released the richest entrepreneurs list of India.
• Udaan's co-founders are also on the top rich entrepreneurs' list.

Report: IIFL Wealth Hurun India has released the top richest entrepreneurs in India.

India is the third-largest startup ecosystem in the world right behind China and the USA. Additionally, India is the home of the most valuable startups in the world. One of the most valuable unicorn startups like Paytm, BYJUs, Oyo Rooms that are operating in other countries like Canada and Japan.

Since 2016 Indian startup ecosystem has raised $63 billion (Rs 4.4 lakh crore) in which Indian startups have raised $34 billion in 2019 alone ---half of the total amount raised since 2016.

Here is the list of the richest Indian entrepreneurs:

Also Read: Indian Startups Has Raised More Than Rs 4.4 Lakh Crore In The Last 4 Years

Paytm founder Vijay Shekhar Sharma's wealth has increased massively in the last few years since the Paytm has raised fundings from Softbank and Alibaba Group. In 2016, Vijay Shekhar Sharma was on the 171st rank and now it has increased to 44th rank this year.

During the COVID-19 pandemic, Byju's founder and CEO, Byju Raveendran, and his family saw a 115% increase in the net worth. In 2019, Byju Raveendran's net worth was around Rs 7,700 crore ($1 billion) and now it has increased to Rs 20,400 crore ($2.76 billion) in this year's list.

The rise of online learning due to the COVID-19 pandemic has given a big push to BYJU's classes. During this year, BYJU's has doubled its revenue to Rs 2800 crore ($3.7 billion) compared to the previous year's revenue.

Meanwhile, Udaan Co-founders Amod Malviya, Sujeet Kumar, and Vaibhav Gupta were also on the list. Tencent-backed Udaan is B2B platform offering services to small & medium businesses in India. The startup is currently valued at $7.5 billion (Rs 55,000 crore).

During the COVID-19 lockdown, around 2+ million new investors opened Demat accounts. Increase in the new investors has given a sold boost to the online stock brokerage firms like Zerodha and Upstox.

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.