Tech startups worth $100 bn set to pursue IPOs by 2027: Rainmaker Group

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Tech startups worth $100 bn set to pursue IPOs by 2027: Rainmaker Group - Business Standard

Quick Summary:

Walmart-owned Flipkart, fintech platform PhonePe, SoftBank-backed Lenskart, Razorpay, Zetwerk and Meesho are among the prominent firms preparing to list in India.

Ola Electric’s $734 million IPO, one of the largest in 2024, saw shares rise 20 per cent on debut on August 9, 2024, pushing the company’s valuation to $4.8 billion.

The report notes that these companies are in stronger financial positions than the 2021 and 2024 IPO cohorts were a few years before their respective listings.