Ecosystem harkat: Which Indian VC cohort will go public soon, 4 Indian banks sign up for the world’s largest SCF platform & SF based VC raises 2nd dedicated India fund

The Tech Panda takes a look at what’s buzzing in the startup ecosystem.

India’s Next US$100 B IPO Cohort Set to Double Market Share of VC-Backed Startups

In April, the Rainmaker Group launched the 2025 edition of The RainGauge Private Pulse, a definitive and dynamic tracker of India’s most consequential venture capital-backed companies poised to go public over the next two years.

With 38 high-growth startups as part of the incoming cohort, valued collectively at over $100 B, India’s public markets are set to witness a transformative wave that could double the share of venture-backed companies to 4-5% of the nation’s market capitalization and 5-7% of the free float. A fifth of BSE Midcap Index and a tenth of SENSEX can be VC backed startups in the next 3-5 years.

“India’s public markets are poised for a significant transformation as a new wave ...