Reliance Retail has been ranked seventh globally among the world’s most valuable privately held, venture capital backed companies, with a valuation crossing $100 billion. The development highlights the growing presence of Indian companies in global private market rankings, even as the overall list continues to be dominated by US and China based firms
The ranking is based on research by the Stanford Graduate School of Business, which evaluated the top 100 private companies globally by post money valuation. Reliance Retail is among a select group of firms valued above $100 billion, often referred to as hectacorns.
The company is the only retail focused business in the global top seven, a list otherwise dominated by technology and AI led companies such as OpenAI, SpaceX and ByteDance. India has three companies on the list. Alongside Reliance Retail, the National Stock Exchange ranks 27th with a valuation of around $24 billion, while Tata EV Mobility is placed at 93rd with a valuation of about $9 billion.
Reliance Retail is backed by several global investors including Qatar Investment Authority, Abu Dhabi Investment Authority, KKR, Silver Lake, GIC, TPG and Mubadala, which have contributed to its scale and valuation growth.
Isha M. Ambani, Executive Director, Reliance Retail Ventures, said, “Reliance Retail delivered a steady quarterly performance, serving millions of customers across their shopping needs. By prioritising trend-focused assortments and seamless omni-channel experiences, we continue to foster strong customer engagement and loyalty. As we navigate a shifting consumer landscape, we remain steadfast in our vision to redefine Indian retail through innovation and excellence.”
