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The Fortune Global 500 List 2017

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Fortune Global 500 List 2017,Fortune Global 500,7 Indian startups,Walmart,Alibaba Group,Startup Stories,2017 Latest Business News,New Business Ideas in India

The 63rd edition of Fortune Global 500 list, which ranks the world’s biggest companies by their total revenue for their respective fiscal year, is out! This year 7 Indian startups have joined the big Unicorn companies and 40% of the companies on the list are Asian.
The total revenue of the companies in this list from around the world equals $ 28 trillion and the 500 companies combined have earned a total of $ 1.5 trillion in profits. The net profit of these companies equals to about 37% of the Global GDP. These companies are shaping the way people all over the world work, play, shop and live their day to day lives.

This year’s list saw 33 new entries. Retail giant Walmart topped the list for the fourth year in a row. Walmart is the only company on the list which generates more than $ 400 million in revenue. Facebook made its debut on the list with an overall revenue of $ 27.6 billion in its last fiscal year. Facebook has reportedly registered 16 straight profitable quarters.

Three Chinese companies State Grid, Sinopec Group and China National Petroleum have taken up the 2nd, 3rd, and 4th position on the list respectively. Apple, which was previously ranked at the 3rd position moved down to the 9th with a 14.4% drop in its annual profits. Despite a decline in sales and revenue generation, Apple is still considered to be one of the most profitable companies in the world. The United States, on the whole, had 132 companies on the list this year, while China had 109 companies.

10 companies from China made their debut on the list this year including the ecommerce giant Alibaba Group and Shenzhen based investment company Tencent Holdings. Alibaba was ranked number 462 with an annual revenue of $ 23.5 billion closely followed by Tencent Holdings at the 476th position with a revenue of $ 22.9 billion. The HNA Group rose to the 170th position from the 353rd rank. 

In this ultimate score card for big businesses from around the world, Indian Oil Corp was ranked at the 161st position with a revenue of $ 54. 7 billion. Tata Motors which was ranked at the 254th position last year moved to the 226th position, followed by the banking giant State Bank of India at the 232nd position. Rajesh Exports which is a private gems and jewelry major made its debut at the 423rd position.

This year’s Fortune Global 500 list represents 33 countries and all the 500 companies combined employ 67 million people worldwide.

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Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

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Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

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Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

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Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

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Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

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Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

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