Bengaluru-based Zerodha 's choice as Startup of the Year is remarkable for several reasons. What tipped the scales in Zerodha's favour was the narrative of building a self-sustainable business over a decade. Its valuation of $10.5 billion makes it the second-highest valued startup in the country after Paytm. Described as the Sephora of India, Nykaa is one of the rare Indian internet companies to have recorded Ebitda-level profitability. The company recently raised $150 million led by Insight Partners at a $2 billion valuation

Source: Economic Times August 23, 2020 22:41 UTC