India’s millennial-era businesses line up with mega IPOs. Know alternate ways to invest in startups
New Delhi: Zomato created history by becoming India’s first unicorn to offer its shares in a public offering. Founded in 2008, the food-delivery company became a household name over the years. The IPO was to raise Rs 9,375 crore. Unlike most companies that hit the IPO market, Zomato is yet to make profits. But that did not matter for the investors and they gave a huge thumbs up to the offer.
Over the next couple of weeks, other unicorns are also likely to do the same, travel agencies MakeMyTrip.com and yatra.com have listed in the US; e-commerce firms Infibeam and Indiamart, and recently Easy Trip Planners, have done so in India.
Up next, fintech firm Paytm is lining up a Rs 16,000 crore IPO. Cosmetics firm Nykaa, logistics firm Delhivery, and online insurance aggregator Policybazaar too are said…