CFOs in High Demand Among Startups as IPO Wave Sweeps Across India
Chief Financial Officers (CFOs) are in high demand among startups as there is a surge in initial public offerings (IPOs) which heightens the need for seasoned finance professionals. A recent report by Redseer Strategy Consultants predicts a surge in India’s IPO-ready new-age companies, estimating 40 by FY25 and a staggering 90 by FY28. SaaS, B2C product companies, and fintech lead the pack in this IPO frenzy. The role of CFOs in Indian startups has transitioned from being a support function to a strategic imperative.
Some late-stage startups are trying to re-pivot by moving from the US to India and then go public. “This has fueled the demand for CFOs as moving countries can be a complex process. You need reasonable expertise to go and do that. Then there are companies which have grown but now want to bring operational rigor and compliance processes so that they are public market ready,” said Anshuman Das, CEO and Founder of Longhouse Consulting.
“Then, there is another set of companies which are still early but they no longer want to go through that typical traditional route of 4-5 rounds of funding, bleed a lot, and then go public. They are also trying to think through as to how to build a little sustainable right business with right financial and operating metrics,” Das said.
Finally, the demand for startups is also intensified among startups which are still in their early stage but are looking to build a more meaningful business, a more profitable business, a more compliant. “It’s a systematic, structural shift in the thinking of the way the startups ecosystem has operated,” Das added.
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