ETtech Morning Dispatch on March 3, 2021: All aboard the tech IPO train!
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/ Morning Dispatch
Hi everyone, Samidha here.
This year has been different for me as a reporter-editor who covers the technology and startup sector. In my many years, almost a decade now, of being on the inside track of this industry, I have always asked why startups (especially ones that have scooped up billions of dollars in investor capital) do not go public in India. Isn't that the holy grail for all venture-funded companies?
I was always given answers like: the India market is still small compared to those in China and the US… startup valuations are simply out of whack... founders aren't building companies with the kind of discipline that's needed to take them to