The Indian startup industry is booming and has a bright future ahead of it. Despite the recent slowdown in IPOs, new age Indian companies still have the potential to go public. In 2021, 11 Indian startups made their debut on the stock market, raising a whopping $7.36 billion.
The rise of startups in India
Have you ever heard of a country with a rapidly growing economy, a youthful population, and a thriving middle class? No, it’s not some far-off utopia, it’s India! And boy, are they making the most of it. The startup scene in India is on fire, with entrepreneurs popping up left, right, and center.
But why all the fuss? Well, let’s take a look at the numbers. As of June 30, 2022, India was home to a whopping 72,993 startups. That’s like the population of a small town, all packed into the world of business. And the Indian government is doing its part too, with the Startup India initiative and tax incentives that have led to the creation of many new businesses.
But, who are these startup wizards? Are they born with a laptop in hand and a business plan in their head? Or do they just have some secret entrepreneurial gene? Well, we did some investigating, and it turns out that most of them are just regular folks with a dream. And with the support of the government and the Indian people, those dreams are becoming a reality.
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However, let’s not forget the challenges. Starting a business is no walk in the park, even in India. There’s a lot of competition, and you have to work hard to stand out. But here’s where the fun begins. The startup scene in India is a cut-throat competition, and the entrepreneurs are pulling out all the stops. They’re coming up with creative solutions, innovative products, and marketing strategies that would make even the most seasoned businessperson jealous.
The advantages of going public
If you’re already there and you feel like you’re ready to take the leap and go public. Congratulations! Going public is a huge milestone for any company and can bring with it a whole bunch of benefits. But before you take the plunge, let’s take a closer look at what going public can do for your startup.
- More Money, More Problems (in a Good Way). Let’s be real, money is the lifeblood of any business. And going public can be a major cash infusion for your startup. In the third quarter of 2021, Indian startups raised a total of $10.9 billion across 347 deals in the third quarter of 2021 with an average funding size of $25.21 million. That’s like finding a pot of gold at the end of a rainbow! With all that extra cash, you can fund your growth and expansion, and finally, buy that fancy office chair you’ve been eyeing.
- Reach for the Stars. Going public can give your startup the boost it needs to reach new heights. By going public, you’ll have access to a much larger pool of potential customers and investors. So, if you’ve always dreamed of becoming the next Elon Musk, this could be your chance!
- It’s All About the Benjamins (and the Visibility). Going public can also enhance your startup’s visibility and credibility. By going public, you’re showing the world that you’re a serious player in your industry and that you’re here to stay. People will start taking you seriously, and you’ll finally be able to rub elbows with the big dogs.
- The Time is Now. Now’s the time to take advantage of all the benefits that come with going public. The Indian government has launched the Startup India initiative, providing tax incentives for startups. So, why not take advantage of this amazing opportunity?
The future is bright for Indian startups
If, you’re thinking about starting a business in India, well, let me tell you, you’ve picked a pretty exciting time to do so. The future of Indian startups is looking brighter than the shining sun on a hot summer day, with many new age companies set to go public in the near future.
But wait—exactly why is the future of Indian startups so promising? Well, there are a few reasons. First of all, the Indian economy is continuing to grow at a rapid pace, which is driving the growth of the startup industry. Secondly, the government is fully committed to supporting entrepreneurship, with initiatives like Startup India providing tax incentives to help new businesses get off the ground. And finally, let’s not forget about the abundance of talented individuals in India who are ready to turn their business ideas into reality. With so many bright and innovative minds, the future of Indian startups is in safe hands.
Still not convinced? I know exactly what you want. NUMBERS!
To begin with, did you know that growth-stage funding increased by a whopping 273% in 2022 compared to just $2 billion in 2020? Further, according to Inc42’s report, Indian startups are expected to raise $35 billion in 2023 across 1527 deals. Additionally, experts believe that funding numbers for seed to Series A startups will grow from $2.3 billion invested in 2021 to $4–5 billion in 2023. Furthermore, there are two caveats for startups planning IPOs in 2023 and 15 startups that are predicted to go public in 2023.
And let’s not forget about the youth of India. With a youthful population driving the growth of the startup industry, we can expect to see a lot of fresh, innovative ideas hitting the market in the near future.
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And it’s not just the entrepreneurs who are having a blast. Consumers are reaping the benefits too. With so many startups popping up, there’s a never-ending stream of new and exciting products and services. It’s like a never-ending Christmas, with gifts of convenience, efficiency, and good old-fashioned fun.
So, what does all of this mean for you and your startup? Well, it means that the future is bright and the sky’s the limit. With the right idea and a bit of hard work, you too could be the next big success story in the Indian startup industry.