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$1 billion is the new $100 million : Flush with unicorns, India’s tech moment arrives Top Searches $1 billion is the new $100 million : Flush with unicorns, India’s tech moment arrives Bloomberg / Jul 19, 2021, 08:58 IST FacebookTwitterLinkedinEMail NEW DELHI: Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world’s second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China. Food-delivery app Zomato Ltd became the nation’s first unicorn to make its stock-market debut, raising $1.3 billion with backing from Morgan Stanley, Tiger Global and Fidelity Investments. The parent of digital payments startup Paytm filed a draft prospectus for what could be India’s biggest IPO at $2.2 billion, while retailer Flipkart Online Services Pvt raised $3.6 billion at a $38 billion valuation, a record funding round for an Indian startup.

Krishnan ganeshRamesh mantriNarendra modiHans tungNilesh shahNandan nilekaniInfosys ltdFidelity investmentsMorgan stanleyZomato ltdCredit suisse groupAzim premji universityFlipkart online services pvtSingapore temasek holdings pteJack ma ant group coJapan softbank group corp