by Bengaluru, India – The Indian tech industry is experiencing a boom in IPOs, with over 90 companies expected to go public by fiscal year 2028 (FY28). The boom is being driven by a number of factors, including:
- The growth of the Indian tech sector: The Indian tech sector is growing rapidly and is expected to reach $350 billion by FY28. This growth is creating a large number of startups that are looking to raise capital through IPOs.
- The strong investor appetite for tech stocks: Indian investors are increasingly interested in tech stocks, which are seen as being high-growth and with good potential for returns. This has made it easier for tech companies to raise capital through IPOs.
- The supportive regulatory environment: The Indian government has been supportive of the growth of the tech sector and has created a regulatory environment that is conducive to IPOs. This has made it easier for tech companies to go public in India.
The tech IPO boom is having a positive impact on the Indian economy. It is helping to create jobs, boost economic growth, and attract foreign investment. The boom is also helping to raise the profile of the Indian tech sector on the global stage.
Some of the most notable tech IPOs in India in recent years include:
- Paytm: The Indian payments company raised $2.5 billion in its IPO in 2021.
- Nykaa: The Indian beauty retailer raised $523 million in its IPO in 2022.
- Policybazaar: The Indian insurance marketplace raised $2.7 billion in its IPO in 2022.
These IPOs have helped to raise the profile of the Indian tech sector and have attracted foreign investment. The tech IPO boom is expected to continue in the coming years, which will further boost the Indian economy.
