According to the HSBC Global Research February 2021 report, more than $60 billion has been invested in India’s internet startups in the past five years, with around $12 billion in 2020 alone. Many of these leaders, which operate businesses are now on the cusp of listing. Similarly, a report by Citi Research in January 2021, suggested that IPOs are set to speed up this year, driven by recuperating productivity and scale in diverse verticals. Indian startups like Zomato, Nykaa, Flipkart, Policybazaar and Delhivery are bracing to go public. Also eyeing the markets are the likes of BigBasket, Byjus’s, Ola, Oyo, and Pepperfry.
Here are the details of some of the IPOs which are set to go public this year:
ZOMATO : Largest online food delivery firm which delivers almost 2 million orders per day. It has over 50% market share in India. The company’s revenue performance was strong, growing 105% in FY 2020 from the previous year. Over the same period, the company’s losses also grew by 47%. In the first quarter of 2020-21, the current fiscal year, the company’s earnings stand at $41 million while the losses stand at $12 million.
NYKAA: App-based cosmetic retailing startup is planning to go public at a valuation of $3 billion, considering domestic listing and overseas share sale. In 2018, the founder and CEO Falguni Nayar had told in a media interaction that the startup would list in the next two years. Nykaa is considering a domestic listing, as well as evaluating an overseas stake sale, the report added.
Denne historien er fra April 2021-utgaven av Entrepreneur magazine.
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Denne historien er fra April 2021-utgaven av Entrepreneur magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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