Synopsis
If even one of Nykaa, Zomato, Delhivery or Policybazaar has a successful IPO, the Indian startup ecosystem could see a massive inflow of foreign capital, A91’s Abhay Pandey and Zerodha’s Nithin Kamath say on ETtech’s Clubhouse chat.
ETtech
Mumbai: The inflection point for the Indian startup story is expected to come in 2021, as at least half a dozen tech startups are lining up to go public this year. According to industry insiders, if even one of the companies
Nykaa, Zomato,
Delhivery or
Policybazaar has a successful IPO, the Indian startup ecosystem could see a massive inflow of foreign capital.
A traditional Flipkart IPO is much more likely, even as a growing number of Indian tech startups are considering the SPAC route to public markets because it involves less scrutiny.
The Zomato IPO—slated for later this year—is expected to raise $750 million to $1 billion through a 100% primary offering, keeping in mind the long-term upshot that the investors expect from the stock.