Highest paid start-up CEOs: Yashish Dahiya of PolicyBazaar leads unicorns top 10 rich list, Pranay Chulet of Quikr, Vijay Shekhar Sharma of Paytm follow
Some of the Indian unicorns that have prospered have done really well, however, many others have died along the way. The successful ones have grown by leaps and bounds and their stories have encouraged many other entrepreneurs to follow in their footsteps. The country now has 18 unicorns with eight more startups crossing $1 billion in valuation this year as investors continue to chase India’s consumer internet economy, revealed a BloombergQuint report. Notably, a unicorn is a privately held startup firm valued at over $1 billion. This term was coined by venture capitalist Aileen Lee in 2013, who chose the mythical animal to represent the statistical rarity of such successful ventures.
Citing the data from research firm Venture Intelligence, BloombergQuint report said that India's startups raised more than $6.4 billion in two financial years 2016-17 and 2017-18. The report also analysed the earnings of the founders of such unicorns. Image source: Reuters
The analysis revealed that PolicyBazaar’s Yashish Dahiya is the highest-paid founder of an Indian unicorn as his remuneration jumped 78 percent to Rs 4.56 crore in 2017-18. On the contrary, the average salary of the highest-paid executives of Nifty 50 companies was Rs 23 crore in FY18, said the report, adding that the salaries include other benefits and share-based pay wherever applicable.
The salaries and growth numbers of India's top 10 unicorn founders have been provided below, based on the fillings with The Registrar of Companies:--Image source: Youtube
1. Yashish Dahia of PolicyBazar earned Rs 2.65 crore in FY17, and it jumped to Rs 4.56 crore in FY18. Image source: Facebook
2. Pranay Chulet of Quikr earned Rs 6.36 crore in FY17, and it now stands at Rs 4.28 crore in FY18. Image source: Youtube
3. Vijay Shekhar Sharma of Paytm earned Rs 3.47 crore in FY17, and in FY18 it stands at Rs 3 crore. Image source: PTI
4. Alok Bansal of PolicyBazar earned Rs 1.99 crore in FY17, and it rose to Rs 2.72 crore in FY18. Image source: Twitter
5. Kavin Bharti Mittal of Hike earned Rs 1.63 crore in FY17, and it slightly rose to Rs 1.72 crore in FY18. Image source: Youtube
6. Girish Mathrubootham of Freshworks earned Rs 1.69 crore in FY17. However, the FY18 numbers have not been disclosed. Image source: Youtube
7. Sriharsha Majety of Swiggy earned Rs 52.59 lakh in FY17, and this rose to Rs 1 crore in FY18. Image source: FortuneIndia
8. Rahul Jaimini of Swiggy earned Rs 52.58 lakh in FY17, and it rose to Rs 1 crore in FY18. Image source: Youtube
9. Shan Krishnasamy of Freshworks earned Rs 95 lakh in FY17, but FY18 numbers have not been disclosed. Image source: Youtube
10. Radhika Ghai of ShopClues earned Rs 87.9 lakh in FY17, and remains at Rs 87.9 lakh in FY18 too. Image source: Youtube