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Smells like teen spirit: Young Indians keen on IPOs of new-age companies SECTIONS Share Synopsis The upcoming rush of new-age consumer internet companies listing on Indian bourses, including that of the food-delivery and restaurant discovery platform favoured by Ayush, has piqued the interest of a new crop of millennial and GenZ investors who are more vested in the consumer technology ecosystem. ETtech Illustration: Rahul Awasthi Seventeen-year-old Ayush who is “bullish” about Zomato’s much anticipated public offering will be among those looking to try their luck when the stock opens for subscription on Wednesday. The upcoming rush of new-age consumer internet companies listing on Indian bourses, including that of the food-delivery and restaurant discovery platform favoured by Ayush, has piqued the interest of a new crop of millennial and GenZ investors who are more vested in the consumer technology ecosystem. ....
Synopsis Excited about investing in a product they use, millennial & Gen Z investors pad up for their IPO debut ETtech Illustration: Rahul Awasthi Seventeen-year-old Ayush who is “bullish” about Zomato’s much anticipated public offering will be among those looking to try their luck when the stock opens for subscription on Wednesday. The upcoming rush of new-age consumer internet companies listing on Indian bourses, including that of the food-delivery and restaurant discovery platform favoured by Ayush, has piqued the interest of a new crop of millennial and GenZ investors who are more vested in the consumer technology ecosystem. “If it (Zomato) manages to get above Swiggy, it can easily branch out into its own cloud kitchens and cut costs. Foreign counterparts are already doing this, and cloud kitchens have exploded in India recently,” says the Mumbai-based teenager, undeterred by the fact that a mere 10% of the Rs 9,375 crore issue that goes ....