1 year ago
Indian Tech Startups Surge on Stock Exchanges
Many new tech companies in India are now selling shares on the stock market, with over 40 already listed.
Fintech companies lead in the number of listings, followed by enterprise tech and e-commerce.
Some of these companies are making profits, while others are losing money.
Generally, companies that are profitable see their stock prices go up after they are listed, but companies that are losing money often see their stock prices go down.
It takes about 12 years on average for a startup to become ready to be listed.
The total value of all these listed tech companies is over $108 billion.
The Delhi NCR region has the most listed tech companies.
The market saw a peak in IPOs in 2024, with fewer listings in early 2025 due to global events, but more are expected.
Over 40 Indian new-age tech companies are listed on stock exchanges.
Fintech leads with eight public listings, followed by enterprise tech and e-commerce.
The cumulative loss of listed companies for FY25 was $877 Mn; total profit was $619 Mn.
The median time for a startup to list is 12 years.
The total market capitalization of the listed companies stands at over $108 Bn.
- Who
- Indian new-age tech companies and their investors
- What
- Tracking the performance, trends, and market capitalization of listed tech startups in India.
- Where
- India
- When
- Data as of August 16, 2025, with financial data for FY25 and market data updated to August 14, 2025.
- Why
- To signify the evolution and maturity of the Indian tech startup ecosystem, providing pathways for investor exits and wealth creation.
Company Performance
Stock Performance Post-Listing
Profitability
Company Performance
Over 70% of listed new-age tech companies are currently profitable, with companies like Info Edge, Justdial, and IndiaMART showing strong profits.
Stock Performance Post-Listing
Some recently listed companies like Swiggy, Ather Energy, and Ola Electric incurred significant losses in FY25, prioritizing growth over immediate profitability.
Stock Price Movement
Company Performance
Profitable new-age tech companies have seen a median stock price increase of 31% since their listing.
Stock Performance Post-Listing
Loss-making new-age tech companies have witnessed a median stock price decline of 42% since their listing.
Key facts
- Total Listed Companies
- Over 40
- Fintech Listings
- 8
- Enterprise Tech Listings
- 7
- E-commerce Listings
- 6
- Cumulative Loss (FY25)
- $877 Mn
- Total Profit (FY25)
- $619 Mn
- Median Time to List
- 12 years
- Total Market Cap
- $108 Bn
Quotes
Inc42
An organization that tracks the Indian tech startup ecosystem.
“For startups, it’s a relatively new but increasingly critical rite of passage, one that not only signals coming of age but also creates pathways for investor exits and wealth creation.”
inc42.com
“While Bengaluru continues to be the startup capital of India, Delhi and its neighbouring cities Gurugram and Noida account for the most number of listed new-age tech companies.”
inc42.com
Sources
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