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Today: May 24, 2024
December 14, 2023
1 min read

Indian VC-backed firms soared beyond $50bn in 2013, notes Sethi.

Here are some key points from this report:

  • The market capitalisation of Indian venture capital-backed firms surpassed $50 billion in 2013, according to Tribe Capital’s Arjun Sethi.
  • In 2022, during the stock market peak, the total market capitalisation of these companies reached a high of $65 billion.

Indian venture capital-backed firms have seen significant growth in their market capitalisation in the past decade. Arjun Sethi, the co-founder, managing director and CIO at Tribe Capital, stated the market cap of these firms crossed $50 billion in 2013.

The increase in valuation is attributed to the continued growth of the Indian startup ecosystem, which has seen an influx of capital from both domestic and foreign investors. The rise of digitisation and technology use, coupled with India’s large consumer market, has made the country an attractive destination for venture capital.

In 2022, during a stock market peak, the total market capitalisation of these companies hit a high of $65 billion. This achievement underscores the strengthening and maturation of India’s startup landscape and the increasing interest of global investors in India’s high-growth potential startups.

Tribe Capital is a venture capital firm that uses a data-driven approach to identifying and supporting promising companies. When speaking about the Indian market, Arjun Sethi showed optimism for the continued growth and scale of venture-backed companies in India.

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