1947 Tech Newsletter 🇮🇳

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1947 Tech 🇮🇳: 166

1947tech.substack.com

1947 Tech 🇮🇳: 166

IPOs, crypto, unicorns & more!

shiva singh sangwan
Aug 18, 2021
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1947 Tech 🇮🇳: 166

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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

Look out for these Indian unicorn startups’ IPOs

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.

PharmEasy targets $9 billion IPO valuation

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Ola & Ather are building Bikes 🛵 ePlane Company is building Flying Taxis 🛩️ Pixxel is building Satellites 🛰️ Indian startup tech is going places beyond build apps. Waiting for someone to build Cars 🚗, Planes ✈️ & Rockets 🚀, then we are sorted :)
4:06 PM ∙ Aug 15, 2021
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Worth your attention

  1. Eruditus becomes 4th edtech unicorn after raising $650 mn Link

  2. Dailyhunt, Josh parent raises $450 million at nearly $3 billion valuation Link

  3. SoftBank’s Vision Fund sees further upside from Policybazaar, Paytm IPOs Link

  4. Gaming platform Zupee raises $30 million at over $500 million valuation Link

  5. Indian crypto startup Polygon buys Hermez for $250 mn; firms to merge tokens Link

  6. Zomato deal for 9.3% stake in Grofers gets CCI nod Link

  7. Dream Sports launches mega $250 mn fund to invest in Indian startups Link

  8. Fintechs got $2 bn in investments in Jan-Jun Link

  9. Stellaris Venture Partners raises $225 million second fund Link

  10. VC interest in crypto firms rising despite regulatory uncertainty Link

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)

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1947 Tech 🇮🇳: 166

1947tech.substack.com
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