These Indian Start-ups Resorted To IPO In 2021. Find Out Here
IPO is the public offering in which the shares of the company are sold to institutional investors and usually the retail investors. Recently the SEBI also made it easier for the startups to go public in India as it moved to staunch a potential exodus of local companies or foreign capital markets. Many startups like Zomato, Nykaa are converting to IPO. Here is a list of some of of the Indian start-ups are have opted or will opt for IPO this year.
One of the most talked-about startups Zomato opted for IPO. Currently valued at dollar 3.9 billion, has also closed pre-IPO funding of dollar 660 million. There are around 10 new investors who join Zomato like tiger global, Kora, Luxor, D1 capital, Mirae. Even Zomato faced the test of the times last year but they still managed to bring the company to the near profitability situation. It converted into IPO on the 14th of July.
It is a Walmart-owned company. Walmart CEO Doug Mc Milon hinted about Flipkart’s IPO debut at reportedly worth $10 billion. The Indian e-commerce giant was last valued at dollar 24.9 billion. He also mentioned that the Indian public market has acquired the levels of maturity and depths of coverage to support the IPO of this size.
India’s insurance unicorn policy bazaar two head for an IPO in 2021. Policybazaar was valued at a dollar of 3.5 billion with investors like SoftBank’s vision fund, tiger Global management, etc. While there has been no development in past years, this time it is expected to take one. It converted into IPO on the 22nd of July.
Indian beauty E-Commerce unicorn Nykaa too headed for a public market. The Phalguni Nayyar startup turned unicorn in 2020 and raised the investment from a Boston-based asset management company. With the rise in e-commerce sales despite the coronavirus lockdowns, Nykaa expects its revenue to grow by 40%. It converted into IPO on the 4th of August.
Indian logistics unicorn Delhivery recently raised investment from Steadview capital. The global investment firm picked up 25 million worth of shares in the company. Barua, founder and CEO of the company said that the company possesses over 1.5 million orders per day and had closed the last year with a revenue of 2,800 crores.