India's Booming Tech IPOs

Why do companies open Tech hubs in India?

This chart tells it all.

India had the 2nd largest number of Tech IPOs globally—right after the US and 17% up from 2024. This IPO activity reflects a mature tech ecosystem that's driving multinational businesses to set up their Global Capability Centers (GCCs) in India.

Here's why:

Ecosystem access
India has a leading tech ecosystem, anchored by established domestic and multinational businesses, strong academic institutions, and public investments in inclusive technology.

Talent pool
India ranks in the top 3 of Stanford's AI Vibrancy Index, and 20% of all chip designers globally are based there. Meanwhile, an increasing number of specialists are leaving the US and returning to India.

Investment opportunities
GCCs enable collaboration with Indian start-ups and tech companies. Whether it's Mercedes-Benz AG' Autobahn start-up incubator or Walmart's successful investments in Flipkart and PhonePe, access is key. And investments are increasingly driven domestically.

Beyond market access to the fastest-growing major economy, it's the ecosystem overall that European industrial leaders want to tap into.

Reach out if I can be of any help, and find out more about India’s path to the 3rd largest economy via India Rising.

Find all details in the last issue of India Rising —> here <—

Data source: TRACXN via TechCrunch

#India #gcc #tech