Radhakishan Damani, promoter of Avenue Supermarts Ltd. (DMart), alongside Deepinder Goyal, founder of Zomato, and Sriharsha Majety and Nandan Reddy, co-founders of Swiggy, have secured the top three positions in the second edition of the IDFC First Private Banking and Hurun India’s ‘India’s Top 200 Self-Made Entrepreneurs of the Millennia 2024’, unveiled on Wednesday.The list also highlights Kaivalya Vohra (21) and Aadit Palicha (22), co-founders of Zepto, as the youngest self-made entrepreneurs, with their company’s valuation surging over twofold to Rs. 41,800 crore, earning them the 14th spot.
While traditional retail leader Damani leads the list, the rapid ascent of startup founders is notable. Zomato’s valuation soared to Rs. 2.51 lakh crore, reflecting a 190% increase year-on-year, while Swiggy achieved a valuation of Rs. 1.01 lakh crore. Zepto emerged as the biggest gainer, with its valuation skyrocketing by 259% to Rs. 41,800 crore.
Anas Rahman Junaid, MD and Chief Researcher at Hurun India, remarked, “This list underscores the remarkable contribution of self-made entrepreneurs to India’s economy, with a combined business value of $431 billion. These businesses, founded within the past 24 years, collectively represent a quarter of the value of India’s 200 most valuable family businesses, which have an average age of 69 years.”
