With nearly 40 startups – collectively valued at over $90 billion – expected to go public in the near future, a structured, founder-led platform to support this wave is both timely and essential, SPF said.
According to the data from investment bank Avendus, there were 13 startup IPOs in 2024 including Ola Electric, MobiKwik, Swiggy, etc., in comparison to five in 2023 and two in 2022. (Source: freepik)
The Startup Policy Forum (SPF), an alliance of over 50 prominent startups, has launched Centre for New-Age Public Companies (CNPC) to support listed and IPO-ready startups in transitioning from private to public entities. The centre aims to address the unique regulatory, governance, and market-readiness challenges faced by these firms, while fostering a collaborative ecosystem between new-age companies, regulators, institutional investors, stock exchanges, bankers, policymakers and other ecosystem participants, SPF said in a statement.
The launch was announced in a meeting with 20 startup founders and SEBI Chairman, Shri Tuhin Kanta Pandey in Mumbai on Thursday. The SPF delegation included OYO’s Ritesh Agarwal; Shashank Kumar, Co-founder & MD, Razorpay; Rohit Kapoor, CEO, Swiggy Food Marketplace; Practo co-founder Shashank ND; and others.
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"India’s capital markets are witnessing a structural shift, with new-age and tech-driven companies increasingly dominating IPO pipelines and investor interest. The Centre will enhance readiness and resilience of new-age companies as they enter and thrive in public markets,” said Shweta Rajpal Kohli, President & CEO, Startup Policy Forum.
The centre will focus on engaging with SEBI, other regulators, policymakers, public market investors and market institutions to ensure the regulatory framework evolves in step with the needs of new-age public companies. It will also organise workshops, masterclasses, and webinars on compliance, corporate governance, investor relations and ESG best practices for capacity building. It would also develop toolkits, policy briefs, and governance guides tailored to the specific requirements of new-age public companies.
The launch assumes significance as India's startup ecosystem matures and more startups prepare to list on stock exchanges. A growing pipeline of startup IPOs reflects the sector’s shift from private capital dependence to public market participation, marking a new phase of value creation and wealth distribution.
According to the data from investment bank Avendus, there were 13 startup IPOs in 2024 including Ola Electric, MobiKwik, Swiggy, etc., in comparison to five in 2023 and two in 2022.
India’s capital markets have been consistently outperforming global indices, creating strong momentum for new-age companies to list domestically, said SPF. With nearly 40 startups – collectively valued at over $90 billion – expected to go public in the near future, a structured, founder-led platform to support this wave is both timely and essential, it said.
“The emergence of new-age companies in the public markets is a significant evolution. Initiatives like CNPC will promote better governance, transparency, and capital market preparedness while fostering trust among retail and institutional investors,” Ashish Chauhan, MD & CEO, NSE.
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