Since Zomato’s mid-2021 listing ignited India’s startup IPO wave, more than 30 mostly unicorn companies have gone public. Together, they’ve unlocked about USD105 billion in market value over the past four years. ET Prime now tracks who actually benefited the most from this unprecedented value creation—from early stakeholders to public-market entrants.
Median compensation for professional CEOs in India climbed 5% year-on-year to ₹10.5 crore in FY26, according to a Deloitte report. The increase is the slowest since the pandemic, with analysts linking the moderation to weaker equity market performance and mounting geopolitical risks that are making boards more cautious on pay.
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Indian mutual funds have ramped up investments in several new-age companies including Urban Company, Ather Energy, Lenskart, Meesho, and PhysicsWallah. The inflows signal rising confidence from domestic investors in tech-led growth stories. Brokerages are also starting coverage with upbeat views, pointing to a broader shift of institutional capital toward India’s next-gen economy.
JSW Infra’s INR1,200-crore acquisition of three promoter firms has drawn scrutiny as the company claims it gains quicker access to railway permits and rakes under schemes that are currently under a moratorium. Analysts, however, argue the listed entity could have built the same capacity independently, potentially avoiding costs of more than INR500 crore.
Despite markets being about 10% down, March SIP inflows hit a record roughly INR 32,000 crore, underscoring retail’s scale in Indian equities. But fund managers caution that if investors fail to see returns for another 18 months, many could reduce or withdraw SIPs—potentially reshaping demand and market sentiment.
Arohan Financial Services is in the final stretch to file its DRHP for a Rs 1,400 crore IPO that combines a fresh issue with an offer for sale. The move comes as microfinance conditions improve, with asset quality strengthening, loan portfolios recovering, and growth outlook looking steadier—fueling renewed investor interest.
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