Startup Coalition Builds IPO Runway for 40 Firms Eyeing $90 Billion Market

A coalition of India's leading startups has unveiled a new platform to guide the country's fast-growing firms through initial public offerings (IPOs), as nearly 40 companies valued at over $90 billion collectively prepare to go public.

- PEERZADA ABRAR

The Startup Policy Forum (SPF), representing more than 50 companies, launched the Centre for New-Age Public Companies (CNPC) at a Mumbai meeting attended by Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey and 20 startup founders.

The initiative comes as India's capital markets continue to outpace global indices, creating favorable conditions for domestic listings. The platform aims to offer structured support to startups navigating the complex shift from private to public entities—a stage that has historically tripped up many technology firms.

The Centre will address the unique regulatory, governance, and market-readiness challenges these companies face. It also seeks to foster collaboration between new-age firms, regulators, institutional investors, stock exchanges, bankers, policymakers, and other stakeholders.