India Set For $100 Billion Startup IPO Surge By 2027 5
According to Bloomberg, India is set for a surge in tech startup IPOs valued at around $100 billion by 2027, with major players like Flipkart, PhonePe, and Oyo preparing to go public. From a report: A report from Indian investment bank The Rainmaker Group suggests that the new wave of IPO hopefuls is in a stronger financial position than their predecessors. Many of the startups that were listed during the 2021-2022 boom struggled post-IPO, with fintech firm Paytm losing roughly 63% of its value and beauty retailer Nykaa slipping 4% since going public.
"The financial health of companies set to list in the next two years is significantly better than those that went public earlier," said Kashyap Chanchani, managing partner at Rainmaker. He noted that two-thirds of the firms eyeing IPOs are already profitable and have improved transparency, making them more attractive to investors.
"The financial health of companies set to list in the next two years is significantly better than those that went public earlier," said Kashyap Chanchani, managing partner at Rainmaker. He noted that two-thirds of the firms eyeing IPOs are already profitable and have improved transparency, making them more attractive to investors.
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Um... anyone who uses a device containing a semiconductor...? Oops, I must be on Instagram and not a tech news site where that matters. I'll close this page.