A Zomato delivery rider on a motorcycle in Mumbai, India, on July 16. Zomato became India’s first unicorn to list on a stock market with a US$1.3 billion initial public offering. Photo: Bloomberg A Zomato delivery rider on a motorcycle in Mumbai, India, on July 16. Zomato became India’s first unicorn to list on a stock market with a US$1.3 billion initial public offering. Photo: Bloomberg
A Zomato delivery rider on a motorcycle in Mumbai, India, on July 16. Zomato became India’s first unicorn to list on a stock market with a US$1.3 billion initial public offering. Photo: Bloomberg
Start-ups

India sees a boom in unicorns as investors are spooked by China’s Big Tech crackdown

  • India’s biggest start-ups like Zomato, Paytm and Flipkart are either going public or raising record amounts of cash
  • India, with 625 million internet users, is considered the next big market after China, which is in the midst of a harsh crackdown on its tech giants

Topic |   Start-ups
A Zomato delivery rider on a motorcycle in Mumbai, India, on July 16. Zomato became India’s first unicorn to list on a stock market with a US$1.3 billion initial public offering. Photo: Bloomberg A Zomato delivery rider on a motorcycle in Mumbai, India, on July 16. Zomato became India’s first unicorn to list on a stock market with a US$1.3 billion initial public offering. Photo: Bloomberg
A Zomato delivery rider on a motorcycle in Mumbai, India, on July 16. Zomato became India’s first unicorn to list on a stock market with a US$1.3 billion initial public offering. Photo: Bloomberg
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