India 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.
Indian startups raised more than $6.4 billion in two financial years 2016-17 and 2017-18, according to data provided by research firm Venture Intelligence. But what do their founders earn?
BloombergQuint’s analysis showed that PolicyBazaar’s Yashish Dahiya is the highest-paid founder of an Indian unicorn—his remuneration jumped 78 percent to Rs 4.56 crore in 2017-18. To put that in perspective, the average salary of the highest-paid executives of Nifty 50 companies was Rs 23 crore in FY18, according to data compiled by BloombergQuint. The salaries include other benefits and share-based pay wherever applicable.
Here’s what founders of India’s top 10 unicorns earn:
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