1947 Tech 🇮🇳: 166
IPOs, crypto, unicorns & more!
1. Look out for these Indian unicorn startups’ IPOs
By 2025, the number of unicorns in India can go up to over 100, according to global management and strategy consulting firm Zinnov
Digitisation has provided an impetus to the startup ecosystem in India.
Grocery shopping, responding to work emails, catching up with friends, reading the news — we live in a world where, for all of these activities and more, we turn to our smartphones.
Excellent read on all you need to know about the IPO-bound train of Indian startups
2. PharmEasy targets $9 billion IPO valuation
Online drugstore PharmEasy, which bought diagnostic chain Thyrocare in June, aims to raise a billion dollars at a valuation of $9 billion in its initial public offering later this year, two people directly aware of the company’s plans said.
PharmEasy, founded by Dharmil Sheth and Dhaval Shah in 2015, has seen its valuation jump threefold in less than four months.
In April, it raised about $350 million from Prosus Ventures (formerly Naspers) and TPG Growth at a valuation of $1.5 billion, becoming the first Indian e-pharmacy unicorn.
A tweet:
Worth your attention
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Fintechs got $2 bn in investments in Jan-Jun Link
Stellaris Venture Partners raises $225 million second fund Link
VC interest in crypto firms rising despite regulatory uncertainty Link