From Flipkart to Physics Wallah: India’s Top 20 Startups Ranked by Valuation in 2026
Humpy Adepu
Flipkart - USD 37.6B+ - India’s most valuable startup on the list, Flipkart leads the 2026 rankings with a dominant position in e-commerce.
Zomato - USD 22B - Zomato, alongside Eternal, ranks second with a USD 22 billion valuation, reflecting its strong presence across food delivery and commerce.
PhonePe - USD 18B - Digital payments giant PhonePe holds the third position, valued at USD 18 billion, highlighting India’s rapidly expanding fintech ecosystem.
Swiggy - USD 10.7B - Swiggy ranks fourth at USD 10.7 billion, maintaining its position as one of India’s biggest food delivery and quick-commerce companies.
OYO - USD 9B - Hospitality startup OYO commands a USD 9 billion valuation, reflecting its significant footprint across India’s technology-driven accommodation and travel market.
Dream11 - USD 8B - Fantasy sports platform Dream11 is valued at USD 8 billion, securing sixth place among India’s highest-valued startups in 2026.
Razorpay - USD 7.5B - Fintech company Razorpay ranks seventh with a USD 7.5 billion valuation, strengthening its standing in India’s digital payments ecosystem.
Zepto - USD 7B - Quick-commerce startup Zepto reaches a USD 7 billion valuation, underscoring the rapid growth of India’s instant delivery market and consumer demand.
Groww - USD 7B - Investment platform Groww shares a USD 7 billion valuation, highlighting the growing popularity of digital investing and fintech services among Indian consumers.