Zomato Becomes First Indian Startup to Join Sensex 30

In the benchmark index of India’s top 30 firms, Zomato, a foodtech leader, became the first Indian startup to reach the Bombay Stock Exchange (BSE) Sensex 30, taking the place of JSW Steel Limited.

According to the Economic Times and brokerage firm Nuvama, Zomato’s entry into the Sensex is anticipated to generate $513 million (₹4,362.35 crore) in inflows and $252 million (₹2,142.91 crore) in outflows from JSW Steel.

Last month, Zomato received $1 billion from QIIs, or qualified institutional investors. Even if the BSE Sensex is still a smaller reflection of India’s investment potential than, example, the 50-share NSE Nifty, the money keeps the company with enough powder for future investments, even as the stock will profit from index investing now.

Zomato’s inclusion underscores the growing significance of the domestic consumer internet industry and its expanding presence in public markets, despite the fact that the rebalancing occurs frequently.