The market price action seems to point in this direction.
Let’s hope we finally break out.
It is about time! asserts Akash Prakash.
The Indian start-up scene is on fire.
Barely a day goes by without news of another unicorn and new funding rounds. The success of the Zomato IPO is another milestone, opening the door to multiple new listings from the Indian unicorn ecosystem.
Everything seems to be coming together for this subset of the economy. In the first six months of calendar 2021, $10 billion was raised by start-ups and private companies in India.
In July, another $10 billion was raised, led by the mammoth $3.6 billion by Flipkart, the single largest fundraise by a private company in India.
Contrast this with a total of less than $10 billion raised in all of 2020. At this rate, in 2021, we may see almost $40 billion being pumped into the Indian private company universe by global capital.