Majority of Indian startups eyeing IPOs in 2024 struggle with losses – Business Standard

More than half of the Indian startups gearing up to launch their initial public offerings (IPOs) this year are still contending with losses, according to a report by the Financial Express (FE). Among the annual filings of 12 companies filing their draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), eight struggle to post profits and have incurred cumulative losses of Rs 8,000 crore.
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