India’s 2024 IPO boom propels renewable energy entrepreneurs into billionaires’ club

Quick Summary:

A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires’ league, many of them early movers in the country’s booming renewable energy sector.

Big names expected to file for listing this year include Nexus Venture Partners-backed online grocer Zepto, Walmart Inc.-backed e-commerce giant Flipkart India Pvt, Prosus NV-owned payments firm PayU and its rival Peak XV Partners-backed Pine Labs.

Over the last three years, India’s IPO markets have been dominated by a flood of micro, small and medium-sized companies, with 90 percent of them raising less than $100 million, according to data compiled by Bloomberg.

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Article Details

Author / Journalist: Advait Palepu | Bloomberg

Category: BusinessStartups

Markets: PhilippinesIndia

Topics: Renewable Company Energy Saluja Solar Last Entrepreneurs Companies Premier India Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 16:03:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 809 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 24859357

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Official Website: businessmirror.com.ph

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