Bengaluru, March 7 || India’s digital economy has grown 10 times, racing towards the $1 trillion mark amid an evolving IPO market which accounted for over 30 per cent of global listings last year, a report showed on Friday.
India contributed 31 per cent of the global IPO volume in the past year — with $3 billion raised in overall fundraising — as the country is aiming for a $13 trillion market capitalisation by 2030, driven by strong investor participation, according to a report by Redseer Strategy Consultants launched at an event here.
With over 100 unicorns and a booming pipeline of soonicorns, India’s startup ecosystem is evolving beyond hypergrowth, embracing profitability, premiumisation, and omnichannel adoption.
The event also included a deep dive into India’s IPO boom — a sector that saw over 330 listings in 2024, accounting for more than 30 per cent of global IPO volumes.
The median revenue of unicorns has tripled since 2021, with many achieving EBITDA profitability in FY24.
The number of retail investors in India has surged, lowering the average age of investors from 42-44 years to below 30, according to the report.