Biggest Startup Companies Worldwide by Valuation in 2023 (2024)

Here's a list of the Top 15 Highest Valued Startups in the world:

1. ByteDance, China
2. Kuaishou, China
3. Ant Group, China
4. Airbnb, USA
5. Stripe, USA
6. SpaceX, USA
7. Didi Chuxing, China
8. Klarna, Sweden
9. Roblox Corporation, USA
10. Grab, Singapore
11. Canva, Australia
12. Instacart, USA
13. Databricks, USA
14. UiPath, USA
15. Revolut, UK

ByteDance, China

Bytedance is the most valued startup in the world with a current valuation of $300 billion.

ByteDance Ltd. is a Chinese multinational internet technology company headquartered in Beijing, ByteDance was founded by Zhang Yiming in 2012. ByteDance operates a range of content platforms that inform, educate, entertain, and encourage people across languages, cultures, religions, etc.

ByteDance is the parent company of famous video-sharing social networking services TikTok and Vigo Video and many more, where the infamous app Tiktok crossed 2.6 billion downloads globally on the App Store and Google Play. As of now, it has over 1 billion monthly active users worldwide.

Bytedance is also the parent company of Toutiao which is a news aggregator app that uses AI algorithms to track the habits of the reader and deliver relevant content.

Kuaishou, China

Kuaishou is a short video social platform that is not much popular in western countries. It is a short video-sharing platform that has over 363.4 million daily active users and 626 million monthly active users in 2022. It is listed on most downloaded apps on google play and apps store outside of china, Kuaishou is often referred to as Kwai in overseas markets.

Kuaishou was founded by Su Hua and Cheng Yixiao in march 2011. The direct competitor of Kuaishou is the infamous app Tiktok.

Ant Group, China

Ant Group is an affiliate company of Chinese e-commerce giant, Alibaba. Previously known as Ant Financial and Alipay, Ant Group is the owner of the largest digital payments platform, Alipay, in China. The latter boasts of serving around 80 million merchants and approximately 1.3 billion users worldwide.

The company is currently valued between $70 billion and $151 billion.

Airbnb, USA

Stripe, USA

Stripe is an online payment processing platform for internet businesses. Stripe provides an API to web developers so that they can integrate payment processing on their websites and mobile applications. Stripe was founded by ‎Patrick Collison‎ and John Collison in 2009 in San Francisco, California, and the United States.

Stripe allows other companies to receive payments over the internet with the help of its platform. Square, Adyen, PayPal, WePay, etc are the competitors of Stripe. As of 2022, 8,000 employees are working for the company.

SpaceX, USA

It's no surprise that SpaceX made it to the list of the top 10 most valuable startups in the world. SpaceX is a private American aerospace manufacturer and space transportation services company that manufactures rocket engines and thrusters. SpaceX has developed several launch vehicles and spacecraft.

SpaceX was founded by Elon musk who also owns Tesla and PayPal, he founded SpaceX on 6 May 2002 which is now headquartered in Hawthorne, California, United States. SpaceX became the first private space company to launch humans into space. The main aim of SpaceX is to reduce space transportation costs and colonize Mars.

Didi Chuxing, China

Didi Chuxing is a world-leading mobile transportation platform. DiDi provides automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging, and co-development of vehicles with automakers. Didi uses artificial intelligence technologies and machine learning to optimize the dispatch system and route planning services of the platform.

Didi is similar to the transportation service Uber, but it offers cheaper rides than Uber, DiDi platform provides over 10 billion passenger trips a year. The subsidiaries of Didi include 99, Uber (China) Ltd, DIDI Bus, Xiaoju, Automobile Solutions Co., AssureSec, Qingju Bike, Shanghai Dahuangfeng, Network Information Technology Co. Ltd, Shanghai Shiyuan Technology Co., Ltd.

Klarna, Sweden

Klarna is a Stockholm, Sweden-based fintech company that offers online payment services to empower digital payments like payments for online storefronts and other direct payments, including post-purchase payments.

In 2021, it raised funds valued at $639 Mn led by Softbank Vision Fund II and some other investors, which had shot its valuation to $46 Bn. But Klarna's valuation dropped to $6.7 Bn from $45.6 Bn in July 2022.

Roblox Corporation, USA

Roblox Corporation is a video game developer from America with headquarters in San Mateo, California. Roblox Corporation is best known for developing Roblox, an online gaming platform and game creation system, in 2006.

Roblox's valuation dropped to $15.18 billion in 2022 from $41.9 billion (2021).

Grab, Singapore

Grab is a multinational ride-hailing company based in Singapore. It operates in South Asian countries and it is dubbed as its region's first Decacorn (a startup with a valuation of over $10 billion). It provides services like transportation, on-demand delivery, and financial services on a single mobile platform.

Canva, Australia

Canva is a graphics design platform founded by Melanie Perkins, Cliff Obrecht, and Cameron Adams in Perth and headquartered in Sydney, Australia. The users can use this platform to design their website banners, presentations, social media, documents, or any other visual content online or through the Canva app. Canva also provides a wide range of templates for free. Furthermore, the app also offers paid subscriptions like Canva Pro and Canva for Enterprise containing a broad spectrum of additional content and other functionalities.

Instacart, USA

Instacart is a popular grocery delivery and pick-up service renowned for its services in the USA and Canada. With the wide range of grocery retailers that Instacart collaborates with customers need not wait for too long to order their groceries online and shop smoothly and conveniently with the help of a personal shopper.

Databricks, USA

Created by Apache Spark, Databricks is an enterprise software company that acts as a web-based platform that works with Spark, thereby offering automated cluster management services and IPython-style notebooks. Some of the open-source projects that the company has created include Delta Lake, MLflow, and Koalas, mostly spanning data engineering, data science, and machine learning.

UiPath, USA

The Romanian company UiPath is a global software company headquartered in New York City, USA. UiPath uses Robotic process automation (RPA) and monitors user activities, to help automate repetitive tasks in both the front and the back ends of companies. UiPath's automation is including but is not limited to customer relationship management.

Revolut, UK

Headquartered in London, England, Revolut is a financial technology company that offers banking services. Revolut offers a wide range of services including accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing "vaults", commission-free stock trading, crypto, commodities, and more. Founded in 2015 Revolut has shown incredible growth throughout the years and expanded to various markets across countries including Japan. Furthermore, it has also been successful in amassing around 3500 employees, who work for the organization.

With $5.10 billion, as estimated in November 2020, Revolut emerged as the UK's most valuable fintech. The company is presently valued at $33+ billion, which makes it Europe's most-valued startup, surpassing Checkout.com.

Conclusion

This is the list of the Top 15 Highest Valued Startups in the world. Hope you have enjoyed reading it. Feel free to let us know what you think about our content and also mention any more content ideas that you think might be helpful for readers, budding startups, entrepreneurs, and other individuals!

FAQs

Which is the most valued startup in the world?

With over $300 billion valuation, ByteDance - the parent company of TikTok, is the most valued startup in the world.

Which types of startups are most profitable?

Some of the most profitable startups are:

• E-commerce
• Business Consulting
• Tech Support and Consulting
• Real Estate
• Online courses
• Website, Logo, and Graphic Design Services

What types of startups are in demand?

Some of the startups in demand are:

• Vehicle Renting Services
• Trucking & Delivery Services
• Food Delivery Services
• Grocery Delivery Services
• Vacation Rental Services
• Learning Apps

Do 90% of startups fail?

Yes, 90% of startups fail. Only a few startups are successful by overcoming the obstacles and challenges on their way.