India set for stronger tech, media & telecom IPOs as China falters

New Delhi: While new regulations have severely hit China in the global tech, media & telecom (TMT) IPO market, the Indian TMT IPO pipeline is getting stronger and will continue to gain prominence this year, a new report showed Friday. Between 2018 and 2020, there were 15 TMT IPOs in India. Last year alone, 15 Indian TMT companies went public and raised a total proceeds of $4.8 billion, reveals data and analytics company GlobalData. "Consumer-facing tech companies are the biggest beneficiaries of the increasing digital adoption in India. As a result, e-commerce and fintech were the top themes driving TMT…