New Delhi:
2024 has been historic for Indian startups. This year, the angel tax (tax on investing in startups) was abolished by the government, due to which the funding of Indian startups improved and they managed to raise more than $12 billion. With this, food delivery company Zomato managed to make its place in the Sensex index of top companies of the country.
Startup companies to achieve $150 billion funding in 2024
Indian startup companies have crossed the magical figure of securing $150 billion funding in 2024. Between 2014 and 2024, new age tech companies have raised funding of more than $151 billion. Startups had raised the maximum funding of $42 billion in a year in 2021. After this, an amount of $ 25 billion was raised in 2022, $ 10 billion in 2023 and $ 12 billion in 2024.
This year Zomato succeeded in making its place in Sensex.
Zomato, a stock market listed company, has succeeded in making its place in the Sensex index of big companies of the country this year. The food delivery company has replaced 142-year-old steel company JSW Steel in the BSE (Bombay Stock Exchange) benchmark.
India will get its first AI unicorn in 2024
In 2024, India gets its first AI unicorn, Ola Artificial. This was the third unicorn to come from Ola Group. Bhavish Aggarwal-led Artificial Unicorn became a unicorn in January this year. At present there are 118 uniforms in India.
13 startup companies together raised Rs 29,247.4 crore in 2024
In 2024, 13 startup companies together have raised Rs 29,247.4 crore from the stock market. Of this, Rs 14,672.9 crore was a fresh issue, while Rs 14,574.5 crore was an offer for sale (OFS). Out of these 13 IPOs, 10 were mainboard and 3 were SME IPOs. 10 startup companies launched IPOs in 2021, 6 in 2022 and 6 in 2023.
Swiggy launched the biggest IPO
The largest IPO of Rs 11,327.43 crore among startup companies in 2024 was offered by Swiggy. After this, Ola Electric was at second place with IPO of Rs 6,145.56 crore, FirstCry was at third place with IPO of Rs 4,193.73 crore, Digit Insurance was at fourth place with IPO of Rs 2,614.65 crore and TBO Tech was at fifth place with IPO of Rs 1,550.81 crore. .