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Aye Finance, an Indian lender backed by Alphabet and Elevation Capital, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) valued at Rs 1,450 crore. This move comes amid a resurgence in India's hiring landscape, particularly in the IT sector, which is experiencing growth driven by digital transformation initiatives. The IT industry has seen a rebound in deals, signaling a recovery in growth for FY25. Additionally, reports indicate that Indian startups are expected to ramp up hiring in 2025, with staffing firms anticipating a 20-30% increase as the funding environment improves.
After a tough period of #layoffs, Indian #startups are gearing up to ramp up hiring as #funding environment improves. According to a report, staffing firms expect a 20-30% hiring boost by 2025 #WATCH the video to know more @TheIndranilSen @Rajwordworld https://t.co/FMcAxsd58P
☀️ Good morning, readers! Kick-start your day with these top stories from @ETtech Also in the letter: ■ Sebi curbs & stock broking startups ■ UPI One World expansion ■ CXO pay gap narrows ■ Private space race ■ Pure Storage CEO interview https://t.co/eeIWENfgM4
1/ It's that time of year - my LP EOY analysis on the state of venture in a few simple charts & color commentary Valuations are shifting, fundraising is slowing & LPs face tough calls. But this isn’t the first time we’ve been here—and there’s opportunity amidst turbulence 🧵