For Indian tech startups, IPO success hinges on foreign investors

For Indian tech startups, IPO success hinges on foreign investors

FILE PHOTO: A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo

Foreign investors have the potential to make or break upcoming tech IPOs in India as domestic funds remain cautious about backing loss-making young ventures.