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  • Covestro and Circularise partner in ISCC PLUS certification across value chains

    Covestro is proud to announce the successful completion of Circularise’s pioneering project with the certification scheme ISCC in which partners tested a blockchain system to complement the ISCC PLUS certification. For the first time ten companies from the chemical industry and respective downstream sectors got together to test such a digital system to bridge the inter-company gap in the sustainability certification process across complex value chains.

    Circularise’s blockchain-based digital system was tested with the ISCC PLUS certification to make auditing of certified parties more efficient, and to strengthen the integrity of certified data. Participants used a public blockchain enabling authentication, accessibility, decentralization, and encryption of data verifying material flows and related sustainability attributes. “We are excited to bring our knowledge in supply chain traceability and data management to project partners to test a public decentralised blockchain with the ISCC PLUS certification,” said Mesbah Sabur, Founder of Circularise.

    Material traceability and verification of data at individual sites and across the value chain are guaranteed by ISCC PLUS certification of each site of the operators, requiring site-specific audits, certification, and company-specific mass balance calculations to provide reassurance about the sustainable content. The data was uploaded to the Circularise software system to improve mass balance bookkeeping and reporting along the value chain through several companies.

    “Certification will become more digital in the future. It will allow certification schemes to simplify the auditing process of supply chain actors and reduce the risk of mistakes. Companies will have an easier way to show compliance and adhere to auditing rules,” says Jan Henke from ISCC. “We are excited to have tested Circularise’s traceability software on ISCC procedures.”

    Digitized ISCC certification for Covestro downstream customers Covestro joined the ISCC pilot to understand how they can more efficiently communicate their sustainability information to their downstream partners.

    “With other Circularise pilot projects, for example with Porsche, we were able to communicate raw sustainability data without a problem, but we had not yet addressed sustainability certifications. In the ISCC pilot we have shown now how we can easily attach certifications that can be digitally carried all the way through the value chain from Covestro to our downstream partners and finally to OEMs and beyond,” explains John Fox from the Digital R&D area at Covestro. The company is seeing increasing demand from customers and partners for a digital certification system that can validate material sustainability claims via a system like ISCC.

    Mass balancing is an emerging concept, not yet fully understood on the consumer side. So, in order to help ISCC and the entire mass balancing approach to reach out further down the value chain, the delivery of digital certified information through a simple and compatible system can give downstream partners an easier and more recognized tool to communicate and share sustainability attributes externally, all the way down to the consumer.

  • NASSCOM Foundation Launches Aspirational Districts Programme to Impact Over 3.5 Million Lives through Digital Inclusion at the last mile


    Pic Caption: Nidhi Bhasin, CEO, NASSCOM Foundation along with Rakesh Ranjan, Mission Director, NITI Aayog launched NASSCOM Foundation’s Aspirational Districts Programme 

    Pic Credit: On Purpose & NASSCOM Foundation 

    New Delhi, December 14, 2022: NASSCOM Foundation today announced the launch of its “Aspirational Districts Programme” with the objective of digitally enabling and skilling more than 3.5 million lives by March 2024, thus empowering the marginalized in remote and backward sectors of India. The event was graced by the presence of Shri. Rakesh Ranjan, Mission Director – Aspirational Districts Programme, NITI Aayog who emphasized on how the programme is a promising step towards accelerating the country’s progress in meeting the Sustainable Development Goals. Implementation Partners of the programme Arvind Chaturvedi, Vice President, AISECT and Madhura Karnik, Haqdarshak were also present at the event.

    Under the programme, NASSCOM Foundation is tapping into more than 100 aspirational districts out of which 55 districts have been identified as of now across 23 states (Punjab, Haryana, Uttarakhand, Himachal Pradesh, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Orissa, Gujarat, Rajasthan, Bihar, Jharkhand, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, Kerala, Assam, Tripura, Meghalaya, Nagaland and Manipur) and a few have already been established across the country. The programme directly aligns with NASSCOM Foundation’s core philosophy of TechForGood wherein technology initiatives are utilized to create positive social impact. Apart from strengthening the efforts to meet the SDG agenda, this will also prioritize economic development across communities in alignment with the PM’s vision of Digital India mission.

    The aspirational districts will be equipped with Digital Resource Centres that will act as change agents and engines of development, ensuring they provide need-based information, resources and an array of government-based services, that will positively impact citizens’ lives and their livelihoods. Community members will also be further trained to be digital ambassadors, and e-Governance tools will be made available to communities at large. By leveraging technology and digital knowledge, this programme will empower the youth to appropriately nurture their talents and also focus on aspiring women entrepreneurs to improve the quality of life at both community and society level. Another key focus area of the NASSCOM Foundation programme is to generate awareness of appropriate government schemes and e-governance services in addition to imparting quality training in digital skills.

    Announcing the launch of NASSCOM Foundation’s Aspirational Districts Programme, Nidhi Bhasin, CEO, NASSCOM Foundation said, “The Government’s Aspirational Districts Programme spearheaded by NITI Aayog has triggered equitable growth and development in every corner of the country. As an extension to the government’s initiative, NASSCOM Foundations’ Aspirational Districts Programme focusses on the two aspects of inclusive growth and meeting SDG commitments. We are confident that through our collective efforts to roll out people-centric digital initiatives we will be able transform 55 districts and empower over 3.5 million lives and thus, make technology affordable, equitable and most importantly accessible to the last mile.”

    Shri Rakesh Ranjan, Mission Director, NITI Aayog commented, “There is no doubt that India is on a high economic growth trajectory and the key is to take the entire country along in this development journey. With initiatives like NASSOM Foundation’s Aspirational Districts Programme, I am confident that significant progress will be made towards equitable development. This is one of the first steps in ensuring a national inclusive development strategy that fosters technology and ensures that no district is left behind.”

    Even though remarkable socio-economic measures have been undertaken for the country’s progress, they do not adequately reflect on the quality of life of the people. NASSCOM Foundation through the Aspirational Districts Programme makes an attempt to address this shortcoming and is a step forward in making India a digitally empowered nation and an extension to the Government’s vision of inclusive growth.

  • TPG to acquire Poonawalla Housing Finance at valuation of INR 39 billion

    Mumbai, December 14, 2022: TPG, a leading global alterative asset management firm, announced today that it has signed definitive documents with Poonawalla Fincorp Limited to acquire its subsidiary Poonawalla Housing Finance Limited (PHFL) for a pre-money equity valuation of INR 39 billion. The transaction is invested through TPG Capital Asia, the firm’s Asia-focused private equity platform, subject to regulatory approvals and satisfaction of other customary conditions. In the near term, TPG will also infuse additional equity capital up to INR 10 billion to support growth.

    PHFL is a leading pan-India player in the affordable housing finance segment with 153 branches spreading across 20 states. As of 09/22, PHFL’s AUM of over INR 56 billion comprised affordable home loans (64%) and loans against property (36%) with an average ticket size of ~INR 1mn, to self-employed and salaried borrowers.

    TPG is backing the existing management team led by Mr. Manish Jaiswal, Managing Director and Chief Executive Officer, who has previously worked at some of India’s leading foreign and private banks, NBFCs and credit rating agencies. TPG looks forward to a strong partnership with the existing management team, drawing on their unique expertise built over several years of experience.

    “As India’s leading affordable housing finance provider, PHFL is uniquely positioned to grow in the fast-expanding affordable housing sector, which we believe is one of the most resilient asset classes across interest rate cycles,” Puneet Bhatia, Co-Managing Partner of TPG Capital Asia, said. “Driven by tailwinds provided by the government’s various initiatives such as the Pradhan Mantri Awas Yojana, National Housing Bank’s affordable refinancing program, reduction in risk weights for housing loans, and increased regulatory compliance, a growing PHFL is expected to serve an even larger population to fulfil their aspiration of owning a house. PHFL has a deeply experienced management team, and we are excited to partner with them in its next growth phase.”

    PHFL is the latest addition to TPG Capital Asia’s existing portfolio of fast-growing financial services companies across Asia, including Five Star Business Finance, Du Xiaoman Financial, Kakao Bank and Singlife. TPG Capital Asia operates a diverse team of more than 90 investment and operating professionals across Australia, China, Korea, India and Southeast Asia, providing local expertise and broad connectivity across the region.

    Adar Poonawalla, Chairman of Poonawalla Group, said, “Since its inception, PHFL has played an important role in empowering lives of tens of thousands of Indians by being a trusted partner of every homeowner it serves. We have full confidence that it will continue to make a strong contribution to the affordable housing sector with our new partnership with TPG. As a global leading investment firm, TPG’s experience in building and supporting leading financial services companies will add greater value to PHFL.”

    Manish Jaiswal, Managing Director & CEO at PHFL, said: “PHFL stands for providing dignity of living through home ownership to borrowers across India. PHFL’s customer base has grown ~4x in the last 4 years given the low mortgage debt penetration, young demographics, family nuclearization and national mission of ‘Housing for All’. We are excited to partner with TPG to build a robust and eminent affordable housing financing institution in the country.”

    Ambit Pvt. Ltd acted as exclusive Financial Advisor to Poonawalla Group on this transaction.

  • The 7th Edition of TiE Global Summit Reinvigorates New Energy for the Entrepreneur and Startup World


    Pic Credit: Perfect relations
    Pic Caption: Fireside chat on Capital markets driving India’s growth this Decade Utpal Sheth Senior Partner & CEO RARE Enterprises in conversation with Mr Suresh Raju, Co-chair, TGS and Mr. Murali Bukkapatnam, Co-Chair, TGS

    Hyderabad, 14 December 2022 – The grand finale of the TiE Global Summit 2022 saw some of the finest and power-packed segments of igniting and exchanging of ideas through keynote speeches, fireside chats, and panel discussions on subjects of the technology climate, immersive technology in cinema, SMEs and women entrepreneurship among others by esteemed panelists and guest speakers. A parallel highlight was the TiE University Pitch Fest Grand Finale.

    The TiE Global Summit 2022 witnessed, the first-of-its-kind, pioneering initiative called TGS100, aimed at recognizing 100 emerging startups and enabling them with a global platform for exposure to investors. TGS100 will aid the startups with recognition, investors, mentors and networking by placing them in the limelight of industry experts and visionaries globally.

    Mr. Murali Bukkapatnam, Co-Chair, TiE Global Summit and Vice-Chairman, TiE Global, said at the unveiling for the TGS100 Publication, “6 months ago, we opened the doors for emerging entrepreneurs, to be recognized on a global platform. The host chapter of Hyd sowed the seeds for TGS100 initiative – the new alternative asset, recognizing 100 emerging startups”. Mr. Suresh Raju, Co-Chair, TiE Global Summit and President, TiE Hyderabad, added “The Structure and form of TGS100 was designed by the tie global team in collaboration with academia. Global startups participated in the competition, ranging from agritech, gaming, web3.0 and metaverse to health, e-commerce, travel, animation to green energy, and defence”.

    Renowned actor, Investor and Entrepreneur Mr. Suneil Shetty was seen in conversation about his entrepreneurial journey from movies to startups, he spoke about the importance of having a good product and believing in your product. He said, “If your product is good, you know for a fact that this is what the eventual valuation of your company is going to be thanks to your product. Nowadays everybody is looking at the valuation and the destination, but what about the journey at every step? That is when tough mentors need to come in to break it step by step”.

    The TiE Global Summit hosted the grand finale of its highlight event – TiE Women’s Pitch Fest, an initiative to recognize and empower female entrepreneurs. The grand prize of USD 50,000 was bestowed upon Ms. Azima Dhanjee, the Founder of ConnectHear, a social start-up working for sign language accessibility and deaf inclusion in Pakistan.

    Yet another brilliant Keynote Speech on the opportunity in India was delivered by Mr. Awais Ahmed, CEO, Pixxel. He said, “We are the first Indian company to launch a private satellite called Shakuntala. One of the primary factors was that India has a lot of talent, expertise, and infrastructure in space technology. Given the experience, infra here we have in India by ISRO there was no reason why a global company couldn’t be built out of India, and that was the germination of the idea for Pixxel”.

    In a fireside on Capital Markets Driving India’s Growth this Decade, Mr. Utpal Sheth. CEO, RARE Enterprises said, “The aspiration for every startup is to evolve being a legend but is an arduous journey. Requires a lot of sacrifice and the ability to overcome a lot of challenges. Resilience is fundamental to that journey; aspiration is only second to it”.

    A fireside chat with Mr. Paul Holland (General Partner, Foundation Capital) and Mr. Rich Karlgaard (Publisher, Forbes Magazine) saw them bring up a discussion on ‘Disrupting the Status Quo: Netflix Story & More’. Mr. Holland said, “Initially during analyst calls, people thought of Netflix as a traditional media company and couldn’t understand the size of the market they were going after. Judging by traditional media metrics, they had no idea that Netflix was going to light up a billion people around the world and enable the entire economy of streaming and content that we know today”.

  • What Does The Real Estate Sector Look Like In 2023?

    First-ever real-estate summit in Jammu & Kashmir







    Time tested and popularly believed to be immune to market volatilities; the Indian real estate sector has remained faithful to investor expectations through the many ups and downs in the last couple of years. Positive expectations and upwards momentum have shown to sustain themselves and many experts do believe that it would continue like this in the coming year.

    Although young investors would be quick to characterize real estate as “slow” or “boring”, it could hardly be the case. Real estate has something for every kind of investor, except the ones that may actually be gamblers more than investors.

    Commercial real estate funds are making their presence felt in the market as the idea of earning a regular passive income from safe real estate investments has found a lot of appeal among small-time investors. The coming year may bring a lot more options for such investors who do not have a portfolio worth crores.

    The big picture of the entire Indian economy heading into 2023 displays what can only be translated as positive signs, an 8-9 per cent overall growth, an expected rise in the jobs created, and a bounce back from the recent slump in the stock market. All these would ultimately contribute to an increase in the demand for housing as more people would enter the housing market, which is something very important for the health of the real estate economy.

    Apart from speculation, we know for a fact that the government has been planning and implementing infrastructure mega-projects such as highways, new airports, metros, etc as well as major policy initiatives such as “Housing for all” and the Pradhan Mantri Awas Yojana. It would be redundant to state the obvious in how such things drive growth quantitatively and qualitatively in real estate assets.

    Low-interet rates

    Experts also believe that low-interest rates could also make a significant positive impact on the real estate industry, adding to that are the government’s recent rollout of numerous tax-related and other incentives aimed towards potential house buyers as well as streamlining of the mandatory bureaucratic work. The often overlooked and passed-on tier 2 and 3 real estate markets stand to benefit the most from such positive developments and it’s highly likely that they would fetch investors handsome returns.

    Commercial real estate, one of the most attractive assets in the real estate game, is also set to see healthy returns as major IT companies are switching back to offline work. Many retailers that were wary of getting physical stores during the pandemic are now gradually coming around to opening in-person stores.

    Construction workers on site

    A representation image of construction workers on siteRepresentational image. | Rupak De Chowdhuri/Reuters

    E-commerce firms are also in a race amongst themselves to spread as widely as possible by expanding their warehousing and logistical operations. IT giants like Intel and Apple are moving a significant chunk of their manufacturing to India and more companies are to follow suit as India could soon rise among the world’s top silicon chip manufacturers due to the current state of affairs between China and the U.S.

    The housing market, the driver of growth and sustainer of the entire real estate economy is poised to witness an extremely impressive and potentially its best year in the near future. Residential sales are up by a whopping 51 per cent post the Covid-19 period. According to Reuters, prices are expected to rise nearly 7.5 per cent all over India (4-5 per cent in Mumbai and Delhi, 5.5-6.5 per cent in Chennai and Bengaluru) and a number of other economic indicators also favor a positive uptick.

    This does not mean that the real estate economy is perfect and doesn’t have any weaknesses, as many things could in fact pose a challenge to growth such as increasing mortgage rates, inflation, and building material shortages. As long as these issues remain limited in scope and localized, they do not spell anything major and may indeed be benign.

    A growing economy, a return to the pre-pandemic working state, and the various government initiatives all combined are creating a very conducive environment for the prosperity of the real estate market in the years to come.

  • Stock market drags further as weak global cues and hawkish central banks affect market sentiments

    Sensex crashes by 1,800 pts as Russia announces military operations against Ukraine







    The domestic benchmark indices opened in red and plunged further as weak global cues continue to drive market sentiment. Central banks worldwide have become more hawkish about their commentary on monetary policy to rein in inflation, causing the financial market some discomfort.

    The BSE Sensex opened at 61,534 points and currently fluctuating between the range of 61,500 to 61,700. To be precise, the Sensex is trading at 61,661 as of 1:30 PM, which is 133 points lower than the previous close of 61,799 points.

    NSE Nifty-50 also opened mildly in red at 18,319 points and currently fluctuating between the range of 18,200 to 18,400 points. It is trading at 18,365 points, which is about 50 points lower than the previous close of 18,414 points.

    IANS

    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said, “A long bear candle was formed on the daily chart on Thursday, post small upside bounce of few sessions. Technically, this pattern indicates a sharp downward reversal in the market after the formation of lower top on Wednesday at 18696 levels. This is not a good sign and indicates more weakness in the short term.”

    Wall Street also sharply fell after the rate hike of 50 bps by the fed and chairperson Powell’s speech on the course of future monetary actions. The Dow Jones Industrial Average gave up 764 points or 2.25%, while S&P 500 lost 100 points or 2.5% and Nasdaq Composite sank 360 points or 3.2%.

    sensex

    Commenting on the recent bearish trend in the financial market globally, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “India is likely to be less impacted by the bearish trend but investors can wait for the global markets to stabilize before making fresh commitments in this overvalued market. Moving some money to fixed income makes sense since fixed income returns are turning attractive.”

  • India’s growth expected to slow in 2023-24 on the back of sharp global slowdown

    RBI hikes repo rate by 35 basis points to 6.25%, expects inflation to remain high







    India’s GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report.

    While buoyant, it would still leave output about 7 per cent below its pre-pandemic potential level, reflectiing impact of the pandemic and adverse terms of trade shock from higher commodity prices in 2022.

    Growth is expected to slow in 2023-24, on the back of a sharp global slowdown, which is weighing on exports, and the progressive fiscal and monetary policy normalization at home, JP Morgan said.

    IANS

    That said, corporate and bank balance sheets appear in much better shape than in recent years. Corporate debt/GDP is at its lowest since 2006 and banks are far more inclined to lend. But a broader private investment cycle will take time to fructify amidst elevated global uncertainty, slowing growth, tightening monetary conditions, manufacturing utilization rates still less than 80 per cent, the report added.

    The Current Account Deficit (CAD) is on track to print above 3 per cent of GDP this year as exports have slowed and imports remain very sticky; bringing the CAD back to sustainable levels will have to be a key policy imperative in 2023.

    In turn, key to CAD compression is continued fiscal consolidation off still-elevated levels; we expect the Center to achieve the budgeted fiscal deficit of 6.4 per cent of GDP this year and target a consolidation of 0.5 per cent of GDP next year; the fiscal balancing act will involve reducing the deficit while sustaining strong capex.

    JP Morgan headquarters in New York

    The interior of JPMorgan headquarters in New York. (Reuters)Reuters

    Inflation is expected to remain sticky in the coming months before gradually rolling off in 2023-24 as growth slows and input price pressure abates.

    With the RBI raising rates by about 300 bps in 2022 and tightening liquidity, we expect the MPC is getting close to a pause, with the risk of a final 25 bps hike at the February review, the report added.

    (With inputs from IANS)

  • Another Foods Serves Up Tailor Made Plant-based Meat for Chefs and Restaurants

    Mumbai: Another food, a newly launched plant-based meat company has found a unique way to help chefs and restaurants incorporate more plant-based dishes into their menus. By working directly with HoReCa to co-create food solutions for consumers looking for sustainable and delicious plant-based dishes, Another Foods not only supports their partners with original product development but also with marketing to differentiate their offerings from other plant-based products in the market!

    “Having our own lab and manufacturing setup, Another Foods is able to create products specifically required by our partners. We’ve started with three SKUs including plant-based chicken mince, chicken burger patty, and chicken chunks. These products taste just like chicken and are texturally identical to conventional meat, but are non-flavored, offering chefs the versatility to cook these products in different ways for different cuisines. We want restaurants and hotels to think of us as their raw chicken supplier – just like a Godrej or a Venky’s – the only difference being that our products are plant-based,” says Sharvil Desai, Founder, of Another Foods.

    Sharing insights on the potential for a startup like other Foods to successfully break into the Indian market, Nicole Rocque, Senior Innovation Specialist, GFI India says, “As category awareness in India grows, food service offers the opportunity for curious and conscious customers to try plant-based meats at their favorite restaurants. Conversely, adding plant-based dishes to the menu can help hotels, restaurants, and cafes attract new consumers, offer more inclusive group dining options, and appeal to younger demographics. Startups like Another food entering the plant-based market – with their tailor-made product and marketing solutions for restaurants and their aim of becoming raw ingredient suppliers for HoReCa – give back culinary creativity to chefs. This model has great potential to scale as it leaves room for versatility, experimentation, and ultimately sustaining consumer interest for an extended period of time.”

    Another Foods is a by-product of the efforts of a team of food scientists and chefs, combining art with science to best serve their customers. Speaking about the startup’s origins, Sharvil says, “One of the biggest hurdles stopping people from being more sustainable is the notion that sustainability comes through compromises. I wanted to create something that gives people what they want, without making them think they are compromising. That’s how Another Foods was born.”

    Starting in December, Mumbaikars will be able to try Another Foods’ plant-based chicken at Indigo Deli Colaba and at Indigo Burger Project, the restaurant’s cloud kitchen. Anurag Katriar, Founder, of Indigo Hospitality and former President, of the National Restaurants Association of India (NRAI) says, “I have been interacting with Sharvil and Another food for quite some time now. My first meeting with him was over product trials and I remember offering blunt feedback about the necessity to work on the product further, before its commercial launch. To my pleasant surprise, instead of being defensive, Sharvil took my feedback on board positively and came back a few months later with a superior, improved product line! This incident speaks volumes about the culture of Another food and its promoters – they are chasing excellence, and that will surely hold them in good stead in the long run.”

    The company is aiming for multi-city launches by the start of January, with several restaurant chains and hotels – including St. Regis – serving food dishes made with Another Foods’ plant-based meat across Mumbai, Delhi, Bangalore, and Goa!

    For more developments and information on Another Foods’ product and partnership announcements, you can follow their Instagram and Facebook channels.

  • Apple rolls out 5G support for iPhone 14, other top models in India

    Best features in iPhone 14 Pro you must know about







    As India enters the 5G era, Apple on Tuesday announced that 5G cellular support has been enabled for new iPhone 14, iPhone 13, iPhone SE and iPhone 12 lineups in India.

    In order to use a 5G connection with Reliance Jio and Airtel on an iPhone 12 model or later, customers will need to update to the iOS 16.2 update that also comes with other myriad of features.

    Apple last month enabled 5G in the iOS 16 Beta software programme week for select iPhone users in the country.

    iPhone 14 Pro series

    iPhone 14 Pro seriesApple

    Apple Airtel and Jio customers who participated in iOS 16 Beta software programme were able to try out 5G.

    Apple worked closely with its “carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed”.

    As India rolls out 5G in a phased manner starting with key metro cities, smartphone players are working towards making 5G available on their devices.

    Apple performs extensive testing with carrier partners to ensure a great experience for iPhone users.

    iPhone 14 Pro review

    iPhone 14 ProIBT

    iPhone offers users super-fast downloads and uploads, better streaming, and real-time connectivity with 5G to help them stay in touch, share, and enjoy the content.

    The support for 5G on iPhone has now extended to over 250 carrier partners in over 70 markets around the world, with expanded support for standalone networks.

    Prioritising software upgrades would enable the early adoption of 5G in India.

    (IANS)

  • India has a strong pipeline of 80 IPOs over next 5 years

    Indian soldiers successfully thwarted transgression by Chinese troops in Tawang sector







    While the stock performances of tech IPOs, compared to other consumer companies, witness a steeper crash, India is poised to see more than 100 large-scale profitable/path-to-profitability startups in the next five years.

    With about 20 of them already being listed, about 80 start-ups have the potential to look at an IPO journey, according to a report by Redseer Strategy Consultants with HSBC.

    Karnataka startup state best performer

    The learning is that there may be more time, maybe a few quarters, for the markets to recover.

    “We always see IPOs bouncing back post downturns,” the report added.

    In India, with about a $3.9 trillion market capitalisation, only about 1 per cent can be attributed to tech/new age companies.

    Startup

    IANS

    There are a lot of metrics here that the start-up will need to focus on in their IPO journey, including market leadership, clearly visible TAM, moats/multiple use cases, diversified, consumer love, predictable revenues, high operating leverage, achieved sustainable unit economics and a clear path to profitability.

    “We are just getting started with the journey of start-ups coming up and going towards their path to profitability, then looking at that public market journey,” said the report.

    (With inputs from IANS)