The ‘funding winter’ and its ripple effects led to startup founders experiencing a collective wealth dip of Rs 85,000 crore, according to the report
Hurun India and 360 ONE Wealth today released the 360 ONE Wealth Hurun India Rich List 2023 on Tuesday. A notable addition to this year’s 360 Wealth Hurun India Rich List is Manish Kejriwal of Kedaara Capital, the first Indian private equity fund manager to enter the list. The youngest on the list is 20-year-old Kaivalya Vohra, who founded Zepto.
With a net worth of Rs 3,000 crore, Manish Kejriwal, the founder and managing partner of Kedaara Capital, has achieved the distinction of being the first India-based fund manager to be included in the 360 ONE Wealth Hurun India Rich List.
In the 360 ONE Wealth Hurun India Rich List 2023, the Industrial Products sector emerged as the top performer, welcoming 33 new entrepreneurs and witnessing a staggering 87 per cent increase in cumulative wealth compared to the previous year.
However, the ‘funding winter’ and its ripple effects led to startup founders on the 360 ONE Wealth Hurun India Rich List experiencing a collective wealth dip of Rs 85,000 crore, according to the report.
Among the IPO stars, Ramesh Kunhikannan entered the 360 ONE Wealth Hurun India Rich List 2023 with Rs 8,200 crore, driven by Kaynes Technology’s strong stock market debut. The Mysore-based company surged with a 32.5 per cent premium, excelling in integrated electronics manufacturing and ESDM with end-to-end and IoT solutions