Indian Startup IPO Wave Predicted for 2024: Ola Electric, FirstCry, Swiggy, and More Eye Public Listings
Market Conditions Favorable as Ola Electric and FirstCry Lead the Charge, Joining Other Startups in the IPO Queue for 2024
As market dynamics in India become increasingly favourable, 2024 is anticipated to witness a resurgence in startup Initial Public Offerings (IPOs). After only five Indian startups went public in 2023, including IdeaForge, Honasa Consumer (Mamaearth), Yatra, Yudiz Solutions, and Zaggle, the upcoming year is poised for a comeback in the IPO space.
Ola Electric and FirstCry have already submitted their IPO papers to the Securities and Exchange Board of India (SEBI). Swiggy, Oyo, MobiKwik, and PharmEasy are reportedly gearing up for public listings in 2024. Experts emphasize that startups focusing on sustainable growth with clear profitability goals will likely garner market rewards, signalling a shift towards rewarding predictability and profitability.
Source: https://yourstory.com/2024/01/ola-electric-firstcry-swiggy-starups-ipo-2024