The CarTrade IPO, which kicks off today, will determine the course for profitable tech startups in the public markets
When it rains, it pours. And in the case of startups going for IPOs, the best is yet to come. If Zomato has whetted the appetite of Indian investors for the big startup brands, the CarTrade IPO, which kicks off today, will be one that determines the course for profitable tech startups in the public markets.
While CarTrade is definitely not in the same brand bucket as Zomato, those in the know are more excited for the automobile marketplace’s listing, because the automotive industry is more or less traditional in nature and therefore investors are well aware of the risks and challenges associated with this sector.