Business Today 23 June 2024

The conversation around start-ups for most of the past couple of years has been about the funding winter and how venture capitalists have become obsessed with seeing a path to profitability before investing. But quietly, another trend is building up in the space—that of well-known secondary market investors taking a keen interest in these ventures. Away from the public markets, a clutch of India’s better-known secondary market investors is investing in the unlisted space in the hope of finding interesting startups. These D-Street veterans are some of the most astute investors who are on the hunt for investment opportunities outside the listed space, to get smart returns whenever these start-ups get listed or when valuations go up and they want to exit. In our cover story, Rahul Oberoi decodes the…

BARBERS EMPLOYED AT A SMALL SHOP IN FARIDABAD, HARYANA SOURCE: CMIE ECONOMIC OUTLOOK 11% Growth in services sector jobs; the total workforce stands at 164.5 million vs 148.5 million in FY23 9.6 million Jobs created in personal nonprofessional services (barbers, carpenters, etc.), making up 60% of new jobs in the services sector 423.3 million Current size of the total workforce in India, which grew 4.3% year-on-year 44% Share of trading services in services sector jobs, followed by personal non-professional services (18%) and tourism (13%)…

PUBLIC PURSE INDIA INC. RAISED MORE THAN ₹4 LAKH CRORE IN THE PAST 10 YEARS THROUGH THE PRIMARY MARKET *TILL APRIL 2024 SOURCE PRIMEDATABASE.COM ₹1.86 LAKH CRORE THE OVERALL VALUE OF PUBLIC EQUITY FUNDRAISING, INCLUDING FROM FPOs, OFS AND OTHER AVENUES IN FY24, UP 142% FROM FY23, ACCORDING TO PANTOMATH CAPITAL ADVISORS ₹1 LAKH CRORE WHAT INDIA INC. MAY RAISE THROUGH IPOs IN FY25, ACCORDING TO PANTOMATH CAPITAL ADVISORS ₹5,971 CRORE THE AMOUNT SMALL COMPANIES RAISED THROUGH SME EXCHANGES IN FY24, TAKING THE FIGURE TO MORE THAN ₹15,000 CRORE IN 10 YEARS, ACCORDING TO PRIMEDATABASE.COM ROBUST RESPONSE THOSE COMPANIES THAT HAVE HIT THE IPO MARKET HAVE SEEN GOOD SUBSCRIPTION NUMBERS ON AVERAGE SOURCE PANTOMATH FINANCIAL SERVICES BIG ISSUES LIC, PAYTM, AND SBI CARDS ARE AMONG THE BIGGEST IPOs THAT HIT…

Aradhana Galgotia, the young and brilliant scion of the Galgotia family. A blend of intellect and charm she inspires the new generation of learners. A passionate Advocate and a Transformative educator she advocates learning as a lifelong experience and the journey of self-learning to be endless. An avid reader, a columnist and author, a keen golfer Aradhana Galgotia is at the helm of driving Organizational Growth through pioneering educational initiatives and promoting Educational Access and Equality. Her illustrious academic journey began with her studies in Political Science at Jesus and Mary College, New Delhi. She went on to pursue an LLM in Intellectual Property at Queen Mary University of London, UK. She is currently pursuing MBA from University of Cambridge. Aradhana is committed to the cause of social upliftment, especially…

FOUR YEARS AFTER the shock of the Covid-19 pandemic, the economy seems to be in reasonably good shape. The gross domestic product (GDP) grew at 8.2% in financial year 2023–24 (FY24), which was the third straight year of more than 7% growth. Tax collections have been robust, and private investments too seem to be staging a revival. The Centre’s fiscal deficit was well controlled at 5.6% of the GDP in FY24, with indications that it could do better than the Interim Budget’s target of 5.1% in the current fiscal. But the results of the Lok Sabha elections show that a coalition government will be formed since no political party has a clear majority. The Bharatiya Janata Party-led National Democratic Alliance (NDA) is just shy of 300 seats in the 543-member…

D-STREET WITNESSED a rollercoaster ride on June 3 and 4. First, the markets tasted a huge high after exit polls predicted a decisive majority for the Bharatiya Janata Party (BJP) and its coalition, the National Democratic Alliance (NDA), in the General Elections. Then it came crashing down after the BJP fell short of a majority of 272 seats in the 543-member House, though the NDA made it past the halfway mark, winning nearly 300 seats. As a result, the Street has turned cautious, and analysts believe the government could reassess some of its priorities. On June 4, the market capitalisation of BSE-listed companies plunged ₹31 lakh crore as the Opposition Indian National Developmental Inclusive Alliance (INDIA) put up a better fight than projected. Meanwhile, the benchmark BSE Sensex crashed 4,389…