India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. Lesser known companies in sectors such as pharmaceutical's Delhi-headquartered Mankind Pharma's listing, have rekindled interest in IPOs by offering steady revenue growth and...
India to Have Record Number of IPOs in 2024
India has seen a significant surge in initial public offerings (IPOs) over the past year, with 2023 hitting a nine-year high of 238 IPOs raising $7.35 billion. This IPO boom shows no signs of slowing down, with 130 new listings and 313 billion rupees raised so far in 2024. Lesser...
Goldman Growth Fund Invests in India
Goldman Sachs Asset Management announced the final close of its $5.2 billion West Street Global Growth Partners fund. The bank plans to invest a quarter of this newly-raised $5.2 billion growth fund in India and developed markets in Asia-Pacific Bloomberg reports that In an interview this month, Stephanie Hui, co-head...
Hershey's Launches India Online Store
Pennsylvania based Hershey Corp has partnered with two delivery service companies in India to offer its product line via ecommerce. Swiggy will sell products to consumers in the New Delhi National Capital Region, Mumbai and Bangalore while a company called Denzo is serving Hyderabad ad Bangalore.
India is Home to 27 Unicorn Startups
Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
Amazon to Enter Online Food Delivery Business in India
Seattle, Washington-based Amazon Inc., will launch a new service delivering from restaurants ahead of India’s month-long festive season, which starts in September. The company has teamed up with Bangalore-based Catamaran Ventures, founded by IT billionaire Narayana Murthy. Research firm RedSeer Consulting says that India's rising middle class has driven the growth...