
BUSINESS
India’s listed startups have now seen four seasons in public markets, now the bigger playground for late-stage growth capital
Over the last two years, India’s startup cohort has gone through the full arc - from euphoric listings to painful drawdowns, and now a more measured phase of rationalization and re-rating.

BUSINESS
Raingauge Q3FY25- India’s listed startups dipped into bear market territory for the first time
Currently, RGI is a consumption heavy index. With urban consumption slowing down and affecting performance of even the big FMCG players on the country – the RGI took a hit as well.

BUSINESS
India’s listed startups have delivered premium growth with margin expansion under scrutiny of the public eye
RGI companies are delivering 36% median EBITDA growth, more than double that of NIFTY 50 (18%) and MidCap (14%) companies.

TECHNOLOGY
Performance matters, but so does leaving value on the table
Start-ups that delivered on the promise of growth while improving margins were rewarded by public market investors with better stock performance in FY 2024

BUSINESS
All that continues to matter is growth with under writable earnings power: How listed Indian startups are being valued
India’s listed tech platforms have come of age – both in terms of delivering profits with scale coupled with supernormal growth and the markets are appreciating that.

TRENDS
How Indian growth stocks are being valued: All you need to know in 7 graphs
Indian listed startups on average trade at a premium of 2.32x to their peers and traditional companies.