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

#Make money
2025-09-02 14:098 min read

Content Introduction

In this video, Deepender Goyel outlines his ambition to establish Eternal as India's first hundred billion dollar tech company by 2030. He explores the significance of the target, noting that India currently only has a handful of companies with market caps exceeding this milestone. The video discusses the evolution of Indian startups, highlighting Flipkart as an example of a successful unicorn and decacorn. It mentions several contenders with the potential to reach the hundred billion valuation, including Flipkart itself, which is anticipated to achieve a valuation of seventy billion by late 2025. Other prominent companies like Phone Pay and Grow are analyzed regarding their current values, growth prospects, and strategies for capturing market share. The video concludes with reflections on Ola Electric and its ambition to revolutionize the EV market in India, encouraging viewer engagement on which company might first reach the billion-dollar milestone.

Key Information

  • Deepender Goyle aims to make his company, Eternal, India's first hundred billion dollar tech company by 2030.
  • Currently, India has only five companies with a market cap over hundred billion, all of which are traditional and not tech-focused.
  • The focus of the video is on companies that emerged after the 2000s, particularly those born from the internet era.
  • The video discusses milestones in Indian startups, particularly the achievement of unicorn status, initially marked by Flipkart in 2012.
  • The next target for Indian founders is to achieve decacorn status, which Flipkart first attained in 2014.
  • The video highlights five companies with the potential to reach a hundred billion dollar valuation, including Flipkart.
  • Flipkart's growth and plans for IPO at a valuation of around $70 billion by 2025-2026 are discussed.
  • Eternal’s growth relies on its food delivery business, Zomato, and its quick commerce arm, Blinket.
  • Phone Pay is highlighted as India's most valued fintech company with plans for growth and IPO ambitions.
  • The potential for the fintech market in India is significant, with expectations of considerable growth by 2030.
  • Ola Electric is described as a highly ambitious company aiming to transform the EV market in India.

Timeline Analysis

Content Keywords

Eternal

Eternal, founded by Deepender Goyel, aims to be India's first hundred billion dollar tech company by 2030. Currently valued at $32 billion, it focuses on its food delivery service Zumato and quick commerce arm Blinket, which holds 58% market share in food delivery. The company plans to grow by tapping into emerging market trends, including launching new verticals like hyperlocal commerce.

Flipkart

Flipkart became India's first unicorn in 2012, establishing a precedent for future Indian startups. Valued at around $36 billion during its last funding round, Flipkart is set to potentially reach $70 billion by 2025-2026. The company is also entering quick commerce and has significant growth prospects in this sector.

Phone Pay

Phone Pay is India's leading fintech company with a current valuation of $12 billion, growing swiftly in the UPI payments space. The company plans to go public and aims to increase its market influence by offering various financial services and products, capitalizing on its vast user base.

Grow

Grow is India's largest stock broking platform, surpassing Zeroda in users and focusing on capturing a significant share of the fintech market. The company's user-friendly interface targets first-time investors, positioning it favorably for growth as India’s stock market participation increases.

Ola Electric

Ola Electric is ambitiously building an electric vehicle future in India, alongside establishing a gigafactory for lithium-ion battery production. Despite past challenges, the company is poised to capture substantial market share in the EV sector with plans to expand into electric motorcycles and cars.

Related questions&answers

What is Deepender Goyle's goal for his company Eternal?

Deepender Goyle aims to make Eternal India's first hundred billion dollar tech company by 2030.

How many Indian companies currently have a market cap of over a hundred billion?

As of now, India has five companies with a market cap of more than a hundred billion.

What was the first milestone achieved by Indian startups?

The first milestone was achieving unicorn status, which is a valuation of $1 billion, first accomplished by Flipkart in 2012.

What is the significance of reaching a hundred billion dollar valuation for Indian startups?

Reaching a hundred billion dollar valuation signifies a major benchmark for Indian startups, similar to that achieved by top global tech companies.

What are the main pillars of Eternal's business model?

The main pillars are its food delivery business Zomato and the quick commerce arm Blinket.

What is the projected future growth of India's fintech market?

India's fintech market is projected to grow from $689 billion in 2023 to $2.1 trillion by 2030.

What innovative financial products does Phone Pay offer?

Phone Pay offers products like insurance, loans, gold payments, and mutual funds.

What ambitious plans does Ola Electric have for the future?

Ola Electric plans to build an extensive EV infrastructure, including a Gigafactory for lithium ion cell manufacturing and a hypercharger network.

How does Flipkart's growth in the quick commerce segment compare to its competitors?

Flipkart has a much bigger reach than other players in the quick commerce segment, covering almost 100% of serviceable pin codes in India.

What lessons can be learned from other successful companies like Tesla?

Like Tesla, which faced initial setbacks, Ola Electric can similarly overcome its challenges and establish a strong foothold in the electric vehicle market.

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