India's digital economy has grown ten times, quickly moving towards the $1 trillion mark, driven by a vibrant IPO market that contributed more than 30% of world listings during the previous year, a report published on Friday said.
In the last year, India accounted for 31% of global IPO volume and raised $3 billion in total. The nation is projected to reach a $13 trillion market capitalization by 2030, driven by high investor confidence, as pointed out in the Redseer Strategy Consultants' report.
With a successful startup ecosystem of more than 100 unicorns and more soonicorns—India's business environment is transforming. Startups are shifting from hypergrowth to profitability, premiumization, and omnichannel expansion. Soonicorns are pegged according to projected industry forecasts and expected company performance.
The median revenue of unicorns is three times more since 2021, and many have achieved EBITDA profitability in FY24.
Retail investor participation has surged, significantly lowering the average investor age from 42-44 years to below 30, the report noted.
India currently has 350 brands generating over $100 million in revenue, underscoring the market’s fragmented nature, where several sectors are still dominated by unorganized players.
Digital retail is projected to contribute 12% of all retail sales by 2030, unlocking immense potential in premium and luxury segments.
Moreover, rural trade is also becoming a prominent investment source, fueled by enhanced access and growing consumer aspirations.
The B2B industry is also seeing a silent revolution, as technology-fuelled supply chain efficiencies are opening up new global opportunities.
India's startup and digital ecosystem stands at a make-or-break juncture. The coming decade is going to be for companies which excel in omnichannel playbook, premiumisation, and efficiency of capital. Ground Zero is all about enabling founders, investors, and corporate leaders with insightful information that is actionable in building sustainable success," stated Anil Kumar, Redseer Strategy Consultants' CEO.
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