Indian Startup Stocks Declined After Stock Markets Crashed Following The General Elections


Indian Startup Stocks Declined After Stock Markets Crashed Following The General Elections
Indian Startup Stocks Declined After Stock Markets Crashed Following The General Elections
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Wednesday, 5 June 2024, Bengaluru, India

The Indian stock markets crashed on Tuesday following the general elections. This erased all gains  made before Tuesday, leading to a price crash in all Indian startups. The BSE Sensex crashed by 5.80%  followed by the NSE 50 by 6.22% as the election results showed that the BJP had to depend on allies  to form a government this time.  

Indian startups saw gains on Monday but it all got erased on Tuesday after the stock market crash.  Delhivery had a 6.26% loss. Delhivery provides a platform that helps an individual connect over services to track their package across India. The startup has known big clients in this industry including  Bharti Artiel Ltd., Softbank Group International, IndusInd Bank, and more. This is the largest Fully integrated logistic providerin India that uses cutting-edge technology and engineering to offer the best services to its clients and customers. The stock prices for all the Indian startups fell into the negative zone.  

The direction and impact of the Indian startup ecosystem are now changing again with the government. Indian startups saw a positive start this year and some became unicorns. Awis and  GoDigit went public this year and recorded a gain in the stock market. This year many startups including  Mobikwok, Ola Electric, FirstCry, and Unicommerce plan to list on the stock market exchange. Indian startups had the highest investment for 2024 in May, with the total funding influx being more than  $1.3 billion. 

During last month 128 deals were made by Indian startups from 1st May to 31st May. The amount  raised from these deals was over $1.34 billion in funding this month. The deal included 66 early-stage  deals worth $154 million and 39 growth-stage startups with $1.19 billion worth of deals. The total  funding raised last year was around $11.3 billion, and it is likely to increase this year. 

Conclusion:

Following the election results startups across the whole country saw a huge decline in its stock. Indian  stock markets crashed on Tuesday following the general elections. Delhivery provides a platform that helps an individual connect over services to track their package across India has a 6.26% decline in its  stock. In addition to this, the stock prices for all the Indian startups fell into the negative zone. The  direction and impact of the Indian startup ecosystem are now changing again with the government.  Indian startups saw a positive start this year and some became unicorns. Awis and GoDigit went public  this year and recorded a gain in the stock market. Indian startups had the highest investment for 2024  in May, with the total funding influx being more than $1.3 billion. This year many startups including  Mobikwok, Ola Electric, FirstCry, and Unicommerce plan to list on the stock market exchange. Awis  and GoDigit went public this year and recorded a gain in the stock market. The current government  introduced various policies to help Indian startups grow, now everyone is waiting to see what new  policies the upcoming government will introduce in this market.


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Disclaimer – We have collected this information from various trustworthy sources on the Internet, and the facts have been checked manually and verified by our In House team.


Suraj Verma

As a highly skilled and experienced content writer, I have a passion for creating engaging and informative content that connects with audiences and inspires them to take action. With over 1 year of experience in the industry, I have honed my writing skills to craft content that is both effective and SEO-friendly.