In an exclusive interview with Moneycontrol's, Kampani adds that global private equity funds are happier than ever with the exit momentum from India's capital markets and will continue to acquire more firms than corporates going ahead.
The funding boom continues for the Indian startup ecosystem. Digital payments and business banking platform Razorpay said it has raised $160 million in its Series E round of funding, at a valuation of $3 billion, barely six months after it raised funding that valued it at a billion dollar, underlining the huge funding interest in the current environment. In an interview with Moneycontrol's Chandra R Srikanth, Razorpay co-founder and CEO Harshil Mathur said the money will be used to expand its digital payments business in South East Asia, make acquisitions and build out its neo banking platform, with plans to hire over 600 employees. The round was co-led by its existing investors GIC and Sequoia India, with Ribbit Capital, Matrix Partners, and Tiger Global also participating.
Thomas shares his views on the outlook for the market, especially in the scenario of rising US bond yields, commodity prices and PSU privatisation. Read on
Many HNI/retail investors would have missed a large part of this rally due to disbelief in the sustenance of the earnings performance of corporate India, says Padiyar.
For investors, this Budget has truly laid the foundation of a strong economic revival in the coming quarters, and the rally, which was restricted to select sectors, will broaden to economy-facing sectors like capital goods, infrastructure, real estate, metals, and cement, said Sidana.