Скачать или смотреть Who will be India's First $100 Billion Internet Company?

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00:00 Intro
01:31 Flipkart
04:55 BwM's Healthech Event
06:27 Eternal
08:35 PhonePe
11:10 Groww
13:02 Ola Electric

Can an Indian technology company achieve a $100 billion valuation? While India has five companies with this market cap, none are ‘internet-first’ tech companies started after the 2000s. The first milestone for Indian startups was reaching a $1 billion unicorn valuation, a feat Flipkart achieved in 2012. This success attracted global investors and paved the way for a new generation of founders. Flipkart became a decacorn ($10 billion valuation) in 2014, and now, the next major goal is the $100 billion mark. For context, the U.S. has over 15 such tech companies, four of which are trillion-dollar companies. This video explores five Indian companies poised to lead this charge.

Flipkart, a true pioneer, essentially kick-started India’s modern startup ecosystem. Following its unicorn and decacorn successes, it was valued at $36 billion in its last funding round. With an upcoming IPO valuing it at $70 billion and a steady 20-25% annual growth, Flipkart is on a clear path to becoming a $100 billion company within 3-4 years. Its core e-commerce business is thriving, but future growth will be driven by new ventures. Flipkart Minutes, its quick commerce service, is a late but potentially powerful entrant. Despite competitors like Blinkit and Instamart, Flipkart's immense scale, nationwide reach, and deep pockets give it a significant advantage. The company is also making waves in fintech with super.money, which has already become the fifth-largest UPI player. By focusing on underserved segments, it’s tapping into a vast market and helping its primary business by boosting user retention and engagement.

Eternal’s founder and CEO, Deepinder Goyal, has a bold vision: to make his company India’s first $100 billion tech company by 2030. Currently valued at $32 billion, its journey to this milestone is anchored by its two main pillars: Zomato (food delivery) and Blinkit (quick commerce). Zomato holds a 58% market share in a food delivery market projected to grow 7-8x in the next decade. Blinkit, with a valuation over $15 billion, is growing at an astonishing rate and could become a $50-60 billion company on its own by 2030. Eternal is also diversifying with promising ventures like Hyperpure, a B2B platform supplying ingredients to restaurants and dark stores. It has quietly become a significant revenue stream, rivaling Blinkit in recent quarters. The company’s latest ambitious project, District, aims to capture the entire "going-out" market, including event ticketing, dining, and offline shopping. This consistent focus on creating new growth verticals every few years positions Eternal for massive future success.

PhonePe, India’s most valuable fintech company, is set to go public at a $15 billion valuation. It currently dominates the UPI payments space, handling 50% of all transactions. While payments aren't highly profitable on their own, they give PhonePe a massive user base of over 600 million customers. The company is monetizing this base by cross-selling high-margin financial services like loans, insurance, and mutual funds. As India’s fintech market is expected to triple to over $2.1 trillion by 2030, PhonePe is perfectly positioned to capture a significant share of this growth.

Another strong contender in the fintech space is Groww. With only 6% of India's population currently investing in the stock market, compared to over 60% in the U.S., there is a huge untapped opportunity. Groww’s user-friendly interface has made it the largest stockbroking platform by users in India. By converting its large base of mutual fund investors into active traders and cross-selling high-margin products, Groww aims to significantly increase its revenue per user. Its strong financial performance and IPO readiness make it a compelling candidate for a $100 billion valuation, echoing the success of companies like Robinhood.

Finally, the most controversial but potentially high-growth company on the list is Ola Electric. Despite its current challenges, Ola Electric's founder, Bhavish Aggarwal, is a visionary with a proven ability to attract investors. While the company has faced criticism for product quality, this mirrors the early struggles of Tesla. The company is not just building vehicles but an entire EV ecosystem, including India’s first lithium-ion cell manufacturing facility and a massive charging network. If Ola Electric can deliver one successful product that captures the public's imagination, its valuation could skyrocket, much like BYD and SAIC Motor in China.

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