Practus and Hurun release top PE Performers list for 2022

Practus (earlier MyCFO) and Hurun India has released the first edition of thePractusHurun India PE Performers 2022 a report that ranks India’s best performing PE backed companies.

PractusHurun India PE Performers 2022 is an attempt tohighlight ‘companies that have demonstrated growth in financial performance as wellas ‘investors who have backed these high performers.’

According to the report of the 125 companies in India that received single round funding of more than US$25 mnin the calendar year(CY) 2021, Hurun Research Institute shortlisted 21 companies that fitthe performance and funding criteria mentioned from 1.1 -1.6 in the PractusHurun India PEPerformers 2022 list.

Honasa Consumer (Mamaearth), founded by the SharkTank host GazalAlagh, leads the ranking with an average growth of 491% over last year. 

EncubeEthicals, an integrated pharmaceutical company dedicated only to topical formulations is ranked second in this classification reporting a growth of 343%. 

Ecom Express, a technology enabled logistics  solutions provider is ranked third with a growth of 283%. At the fourth place with 224% growth comes Desiderata Impact Ventures (Progcap), invested by Tiger Global Management, Sequoia, and Creation Investments Capital Management. Ranked fifth in the list is Acme Formulation, with 172% growth.

Of the 103 investors who took part in investments across various funding rounds, Hurun Research Institute found 35 PE investors that have invested in companies featured in PractusHurun India PE Performers.

Having led investments in four companies in the list, including two unicorns, Sequoia Capital India, led by Ravishankar GV, is the top investor in the PractusHurun India PE Performers 2022. 

Norwest Venture Partners, led by Niren Shah and Tiger Global Management, led by Alex Cook take the second spot with investments in 3 companies each.