Mumbai: After a few years of recession Indian Startup After halting public listing plans amid the global tech slowdown and volatile markets, new age companies are now set to make a comeback. public market,
around 15-20 startup unicorn Expected to launch an initial public offering (IPO) Over the next 12-24 months, senior executives Kotak Investment Banking In fact, companies like Ola Electric, FirstCry and MobiKwik have already filed draft IPO documents with SEBI and will be among the first to be listed on the stock exchange this year.
“With the return of public market dynamics, funding (for startups) will end by winter 2024,” V Jaishankar, managing director and board member of Kotak Investment Banking, said in a press briefing. Large internet IPOs will boost board deal making ” Here on Tuesday.
Startups are struggling with a lack of funding and investment has dropped to a seven-year low of $8.2 billion in 2023. This compares with $25 billion in funding collectively received from investors in 2022.
With the investment narrative shifting from growth at any cost to profitable growth, companies are working to reduce their losses and move towards profitability. Additionally, for startups preparing to go public, achieving profitability is essential to winning market confidence, as indicated by Zomato’s performance after becoming profitable.
In the regions, the used car platform has the potential to become highly profitable over the next one to two years; Kotak officials said other segments like quick commerce, B2B commerce and omni-channel e-tail are in much better financial shape today.
Jaishankar said, “Some of the excesses in the startup segment have been absorbed through reforms. Indian startups have performed better than their global counterparts by focusing on profitability. Companies have shifted from a model that , where no profits were visible for five years.” IPO-bound companies like MobiKwik, Oyo have reported profitable quarters in FY24.
Kotak estimates that India will have more than 10 Internet decacorns (startups with a valuation of $10 billion and above) by the end of 2025.
around 15-20 startup unicorn Expected to launch an initial public offering (IPO) Over the next 12-24 months, senior executives Kotak Investment Banking In fact, companies like Ola Electric, FirstCry and MobiKwik have already filed draft IPO documents with SEBI and will be among the first to be listed on the stock exchange this year.
“With the return of public market dynamics, funding (for startups) will end by winter 2024,” V Jaishankar, managing director and board member of Kotak Investment Banking, said in a press briefing. Large internet IPOs will boost board deal making ” Here on Tuesday.
Startups are struggling with a lack of funding and investment has dropped to a seven-year low of $8.2 billion in 2023. This compares with $25 billion in funding collectively received from investors in 2022.
With the investment narrative shifting from growth at any cost to profitable growth, companies are working to reduce their losses and move towards profitability. Additionally, for startups preparing to go public, achieving profitability is essential to winning market confidence, as indicated by Zomato’s performance after becoming profitable.
In the regions, the used car platform has the potential to become highly profitable over the next one to two years; Kotak officials said other segments like quick commerce, B2B commerce and omni-channel e-tail are in much better financial shape today.
Jaishankar said, “Some of the excesses in the startup segment have been absorbed through reforms. Indian startups have performed better than their global counterparts by focusing on profitability. Companies have shifted from a model that , where no profits were visible for five years.” IPO-bound companies like MobiKwik, Oyo have reported profitable quarters in FY24.
Kotak estimates that India will have more than 10 Internet decacorns (startups with a valuation of $10 billion and above) by the end of 2025.
