look news india
New Delhi: The funding phase for startup companies in India is changing. As the overall funding trend is increasing, the deal size is getting bigger. However, now there is an increased interest in late stage startups. Many of these are moving towards initial public offerings (IPOs).
The record rally in the stock market and the steady improvement in the performance of listed startup companies have boosted sentiment, especially in the case of startups that are ready for IPOs. The number of IPOs by startups has increased to 17 so far this year. There were six in the first half of 2023 and 12 in the second half.
In parallel, funding for startups has increased to $4.1 billion so far this year, compared to $3.96 billion in the second half of 2023. This confirms its improving trend.
A total of $2.4 billion in funding has been raised across 50 deals so far this year for late-stage startup companies, including groups participating in IPOs.
It raised $2.3 billion through 61 deals in the second half of last year and $2.4 billion in January-June 2003. This reflects an increase in the size of each trade. Zepto announced a $665 million funding round last week, doubling its valuation.