New-age stocks take off; Swiggy goes Indian
Happy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech Morning Dispatch.
Also in the letter:
■ YC’s Groww windfall
■ Amazon India revenue rises
■ Byju’s seeks insolvency extension
India’s listed new-age companies hit $165 billion market cap as IPO wave expands universe
India’s 50 listed, institutionally backed new-age companies are now worth about $165 billion, according to a new index launched by Trifecta Capital, called the New Economy Index (NEI) Top 50. This tally is up from the $100-billion milestone crossed two years ago.
Also in the letter:
■ YC’s Groww windfall
■ Amazon India revenue rises
■ Byju’s seeks insolvency extension
India’s listed new-age companies hit $165 billion market cap as IPO wave expands universe
India’s 50 listed, institutionally backed new-age companies are now worth about $165 billion, according to a new index launched by Trifecta Capital, called the New Economy Index (NEI) Top 50. This tally is up from the $100-billion milestone crossed two years ago.
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