India is on track to break its record for raising capital through initial public offerings (IPOs). As of August 18, according to Bloomberg, the Asian country had raised US$8.8 billion, compared to US$11.8 billion raised in all of 2017, when the record was set.

The successful IPO of Zoomato, a food delivery company food delivery that went public in July and whose shares had accumulated a 70% increase by mid-August, is one of the catalysts of the boom. That, coupled with the Chinese government's regulations on technology companies in that country, has led international investors to the Indian market.

Several start-ups, such as the Ola transportation app, the hotel booking company Oyo, and Fintech Pine Labs, are preparing their documents to offer their shares this year, as are established companies such as Flipkart—an e-commerce firm controlled by WalMart—and Paytm, the country's largest digital payments company, which has already filed the documentation for its IPO, with which it hopes to raise US$2.2 billion.

The IPO fever in India is occurring in parallel with growing interest from venture capital funds. in Indian start-ups in Indian start-ups. In July, VC investments in India totaled US$7.9 billion, surpassing China for the first time.