“The IPOs signal a coming of age and a maturity for the Indian startup ecosystem. In the last couple of years, we have seen large acquisitions like Flipkart, seven unicorns in one week, big M&As like BYJU’S and WhiteHat Jr or Pharmeasy and Medlife, but so far IPOs have been very rare. This will represent a new phase for startups,” – Siddarth Pai, founding partner, 3one4 Capital.
It’s called the ultimate exit for any startup. An initial public offering or IPO is seen as validation for the idea and the toil behind any business. A vindication of the entrepreneur’s vision and arguably the biggest stepping stone in a startup’s journey.
And this year, more than half a dozen Indian startups are looking to take the IPO route. In many ways, this is a watershed year in the Indian startup ecosystem’s history. With these IPOs coming amid the pandemic, there are plenty of potential implications for the startups as well as the investors.