that is already changing in the beginning of this month hdfc bank raised about rs 10000 crore by selling american depository receipts and indialisted shares to qualified institutional investors in the largest followon offer by a private sector firm even reliance industries hit the forex debt market second time in as many weeks to raise about 1 billion in a benchmark 30year paper a first from asia since 2003 this was within 10 days of another billiondollar refinancing via 10year bonds if the story is good global investors are once again willing to bite even selling the india infrastructure theme has become easier gmr infrastructure flagship delhi international airport raised 289 million through a considerably oversubscribed bond issue just last month which saw 5billion interest from investors after a lull blueblooded private equity and sovereign wealth funds like temasek are also back in the mix by the end of this month several large trades cms destimoney are also due to get announced with a soaring sensex the prospects for many of these funds to exit their portfolio companies have also improved so over the next 36 months from entertainment parks to diagnostic chains from wellness players to toll road operators and agriwarehouses ipos are set to flood the capital markets there is cautious optimism all around and the budget is expected to provide direction for accelerated growth and investment while waiting for private and foreign strategic capital to be invested in new projects the government can spur growth by spending on infrastructure and encouraging public sector companies to undertake capital expenditure investment by private sector and multinationals will follow when they witness sustained economic recovery and growth opportunities argues ravi kapoor head of corporate investment banking at citigroup india the biggest beneficiaries have been ecommerce firms and startups in other sectors online retail firms have been aggressive fundraisers in the past two years as they wanted to invest to capture growth the industry in india has grown at a swift pace in the last 5 years from around rs 15billion revenues in 200708 to rs 139 billion in 201213 translating into a compounded annual growth rate cagr of over 56 rating agency crisil said in a report on february 2014 the ninefold growth came on the back of increasing internet penetration and changing lifestyles and was primarily driven by books electronics and apparel crisil research expects the buoyant trend to sustain in the medium term and estimates the market will grow at a healthy 5055 cagr to 504 billion by 201516indias largest online retailer flipkarts value rose to 7 billion including the 1billion fund raise in august when it received 1 billion in fresh capital while it was valued at less than 3 billion in may it has received 18 billion since it started out in 2007 including 157 billion over the past 15 monthsits rival snapdeals valuation rose to a billion dollars after it raised 100 million from blackrock temasek and other investors tata