Venture capital-backed companies surpass $50 bn in public market cap

THE country's start-up ecosystem is increasingly becoming a driving force behind the country's economic progress, with VC-backed companies crossing $50 billion in public market capitalization, said Shekhar Kirani, Partner at Accel.

- ENS ECONOMIC BUREAU @ Bengaluru

He said Indian founders have built resilient and enduring businesses which have been embraced by public markets. Global VC firm Accel, which raised a $650 million early-stage fund, on Monday said it will focus on sectors including AI, consumer, fintech and manufacturing.