Page 10 - Avendus Huran Flipbook 2026

Valuation Top Uth series-led startups
landscape by total funding raised

Significant number of companies have
crossed key valuation thresholds, reflecting
strong scale and market confidence USD 3.7 bn

Ritesh Agarwal
16%
29% USD 1-100 mn

USD 101-500 mn
USD 501-1000 mn

USD 1001 mn and above
15% 40%
USD 1.95 bn USD 1.36 bn

Aadit Palicha and Sanjeev Barnwal
Public markets vs Kaivalya Vohra and Vidit Aatrey

private momentum

23%

Public

Private
77%
USD 1.3 bn+ USD 1.3 bn+

Around 23% of the entrepreneurs lead listed companies, Ankush Sachdeva Mehul Agrawal
reflecting businesses that have reached scale and
public market maturity. The remaining 77% continue to
operate in private markets, indicating that a large share
of entrepreneurial value creation is still underway.

08 | Uth Series 2025 • First Principles