Furlenco places ninth on '1,000 High-Growth Companies in Asia Pacific' list, beats Paytm, Zomato   

12th Feb 2018
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Startup unicorns Paytm and Zomato, along with prominent logistics players Delhivery and LogiNext Solutions, have made it to the list.

Furlenco CEO & Founder Ajith Karimpana

Indian startups have made a mark in the list of ‘1000 High-Growth Companies in Asia Pacific’ published by Financial Times daily today.

Online rental startup Furlenco (9), tech-enabled logistics services platform Loginext (21), big data startup GoodWorkLabs (33), Delhi-based logistics company Delhivery (44), and food-tech startup unicorn Zomato (49) are among the top 50.

Curiously, e-commerce market leader Flipkart and tech-based cab aggregator Ola, both Bengaluru-based unicorns, are not mentioned in the list.

Altogether, more than 250 Indian companies have been mentioned in the list, which has been compiled by partnering with research firm Statista. This is the inaugural edition of the list, and has focused on companies based in 11 of Asia Pacific region’s more developed markets: Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Taiwan.

FT has stated: “Those companies that participated have been ranked according to the percentage growth in their revenues between 2013 and 2016.”

Accounting for 134 of the companies that made the list, Tokyo emerges as the top city, followed by Mumbai on 60, and Sydney on 52. Technology was the most represented sector, followed by industrial goods and healthcare.

Veterans like IT firm MindTree, healthcare titan Apollo, precious jewellery chain PC Jeweller, media and entertainment dealer PVR, search services platform Just Dial, software firm Tech Mahindra, and large appliances seller BlueStar are among the Indian companies in the list. Apparel majors Anita Dongre and Indian Terrain have also made it to the list.

Among their new generation counterparts, financial services firm Zerodha is at 87, and $10 billion-valued Paytm is at 114. Ten-year-old internet and e-commerce company Infibeam, which went IPO in 2016, is ranked at 418, while online coupons and deals platform Grabon is at 266.

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