World’s 10 fastest-growing startups – ranking, 2017
In 2017, more than 20,000 people, including some 500 startups, were reported to be valued at more than $1 billion.
That’s up from around 3,000 in 2016 and 1,000 just a year earlier.
The number of people valuing at $1 million has increased from 3,500 in 2016 to more than 10,000 today.
A growing number of the companies are small businesses, which is why the report ranks them as “fastest-growing”.
The top 10 fastest growing startups, by value, are: 1.
Mimi – $824 million 2.
Mobi – $770 million 3.
Fisker Automotive – $521 million 4.
The Company – $506 million 5.
Drip – $502 million 6.
Foursquare – $400 million 7.
The Way – $399 million 8.
Uber – $385 million 9.
Insta-Lumina – $372 million 10.
Ola – $364 millionThe ranking of “fast” startups doesn’t tell us much about the future of the startup ecosystem, but it does provide some insight into the growth of the technology.
Firms that have been valued at over $1.5 billion, such as The Company, Mobi and InstaLumines, all experienced significant growth in 2017.
The company, which launched in 2018, is one of the first to leverage mobile payments technology.
It has been able to scale quickly and to scale to large numbers of customers.
“We’re looking to build a brand that is synonymous with sustainability, with environmental awareness and sustainability, and to be a leader in innovation in that space,” says Mimi CEO Paul Stiles.
It is the second-fastest growing startup in the world.
Mubi, which was founded in 2015, has become one of India’s biggest tech firms, with an office in Bangalore and sales offices in Mumbai and Delhi.
The company is now valued at $5 billion.
Mobi, which started in 2013, has grown rapidly and now has offices in the US and the UK.
The app connects people with the internet and gives them the ability to do things like check social media posts, take photos and upload them.
InstaLumpus, a mobile payments startup, is valued at around $5.5 million.
While the top 10 are growing rapidly, the overall number of “new” startups has declined in 2017 from more than 9,000 to around 5,000.
The reason for this decline, according to the report, is because “small businesses have been less likely to be successful, with a lower valuation per employee and lower customer satisfaction than larger companies”.