The year 2020 was filled with some of the giant ipos like route mobile, Burger king, Mrs bectors, and many more. But what about IPOs in 2021? So in the first half of 2021, the pillars of emerging India’s growth THE STARTUPs are about to get launched in the public market.
If we talk about the foreign market so In the year 2020 the 2 Tech IPOs were launched AirBnb and DoorDash. And the growth of these IPOs will surely impact the Indian investors and their belief in startups.
One of the most talked-about IPOs will be that of the Zomato unicorn of Indian food technology. Currently valued at $3.9 billion, Zomato has also closed a $660 million pre-IPO fund. With the latest round, 10 new investors joined the board of Zomato, including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Money, Baillie Gifford, Mirae, and Steadview, which already had Info Edge, Ant Financial, Tema Financial, Temasek, etc.
Launched 12 years ago in Delhi, Zomato developed from a home project to one of the world's largest food aggregators. In 24 countries and 10000+ cities worldwide, we are present, enabling our vision of better food for more people. In every context, we not only link people to food but work closely with restaurants to enable a sustainable ecosystem.
The Indian e-commerce giant could head for an overseas IPO, which was last estimated at $24.9 billion. This matches well with what India's VCs expect from India's tech IPOs. Jain claims that for startups valued at less than $5 billion, IPOs in India will be better off. India's public markets have very easily acquired the level of maturity and scope of coverage to encourage IPOs of this scale.
A number of acquisitions have been made by the company since 2010, including Letsbuy, Myntra, Jabong, eBay India, etc. Flipkart has branch offices in Delhi and Mumbai, in addition to its head office in Bengaluru. The company is registered in Singapore, in addition to India. Walmart, the US-based supermarket chain, purchased a majority stake in Flipkart in 2018.
Co-founder Yashish Dahiya told Bloomberg News that the company plans to secure around $250 million in a round of funding at a $2 billion-plus valuation before an initial public offering in September 2021. Policybazaar is now picking from a roster that includes multiple Wall Street banks from two to three IPO lead underwriters.
Policybazaar, which counts among its largest supporters SoftBank Group Corp.'s Vision Fund, Tiger Global Management, and Tencent Holdings Ltd., could become the first to go public among India's digital upstarts.
Though no progress has occurred since PolicyBazaar is expected to head for an IPO by September 2021.
The year 2021 has just started and apart from these 3, we are expecting more ipos in our Upcoming IPO list. To stay updated about new Initial Public Offerings visit here. And through our IPO portal, you can easily apply for your lot with us. Do subscribe to our newsletter and stay updated about every stock market updates.
Disclaimer: Dates and moths are subject to be change.