StartupGlue aims to educate, assist, and protect you on your startup journey.
We cover everything about India’s startup scene, from breaking the newest news to uncovering the hottest businesses, detecting emerging trends to clarifying complicated topics.
After the United States and China, India currently possesses the world’s third-largest startup ecosystem. India now boasts 102 unicorns or privately owned technology startups valued at at least $1 billion, a record high. Furthermore, Indian technology startups raised a record $39 billion in 2021, a fourfold increase over the previous year. The values of many Indian businesses are rapidly increasing.
In 2021, India saw a record number of initial public offerings (IPOs). Zomato, a meal delivery service located in Gurgaon, went public in July. In November, Paytm, a mobile payments and commerce platform, Nykaa, a cosmetics business, and Policybazaar, an insurance marketplace, went public.
There will be more IPOs in India in the near future. Flipkart, a Walmart-owned online retailer, is eyeing an IPO in 2022 or 2023. In September, the lodging company Oyo filed for an initial public offering (IPO). In November, the logistics company Delhivery, the online pharmacy PharmEasy, and the vehicle marketplace Droom all filed for IPOs. Ola, a ride-hailing business, intends to go public in the first half of 2022.
According to Preqin statistics quoted by the Economic Times, there would be 396 seed-stage agreements totalling $706 million in India in 2021, and 166 Series A deals totaling $1.67 billion. There were $90 billion in M&A agreements in the first nine months of 2021, up 35% from the same time in 2020. With a slew of IPOs and M&A activity, past concerns about the quantity of liquidity in the Indian market are dissipating.
StartupGlue is part of Truoosh Media. Truoosh Media is home to 8 digital media brands, reaching Millennial and Gen Z audiences in India.
These include Truoosh, The Double Battery, Startup Glue, Money Kubera, Chul Daily, Daily Gedi and Vancouver Wale. Our brands empower, entertain, and engage young readers through storytelling and commentary.
At Truoosh Media, we respond to the ever-changing needs of modern audiences, creators, and marketers by leveraging innovative technology that scales quality. Truoosh Media is a cornerstone of modern media because of our wit, passion, and sharp commentary.