India’s Internet start-ups on cusp of listing

India’s Internet start-up leaders that operate business ranging from food delivery, e-commerce to online insurance is now on the point of listing, a report said putting their combined value at$180 billion in next few years.

HSBC Global research said, “The growing scale & maturity of India’s internet economy is starting to create value and investment opportunities. Lots of money is invested in internet start-ups in last five years”.

E-commerce is the largest opportunity, worth an estimated $67 billion by next five years. As of now, Amazon & Flipkart control over 80% of the market but the shape of competitive landscape is still evolving.

Ed-tech is the second biggest opportunity with a market size of $48 billion in next five years. Although still quite segmented, it is one of the profitable segments and has one of the biggest addressable market. Food delivery is moving in right direction with gross merchandise value almost back to pre-pandemic levels.