BENGALURU — A lack of growth capital is driving Indian startups to the bourses, some even pricing their initial public offerings below recent funding rounds to attract investors.
Electric car maker Ola Electric Mobility and insurance provider Go Digit General Insurance valued their IPOs at $4.3 billion and $3.2 billion, a 22% and 13% discount from their last listings on August 9 and May 23, respectively. Baby. -care retailer FirstCry kept its value at around $3 billion. Together, the trio accounted for 80% of the $1.92 billion raised by Indian startups through public floatations in 2024.