1947 Tech 🇮🇳: 176
IPOs!
1. Paytm eyes up to $20-billion valuation in biggest Indian IPO
Paytm’s initial public offering (IPO) — billed as the largest ever in India — is set to value the firm at about $19.5-$20 billion when it opens for subscription on November 8.
There is a global macro towards India right now (listed or private). This is the age and time of India. If 2010–2020 was for Asia at large, China and Japan and others, 2021–2030 is 100% for India,” Sharma said. “Whether you’re a private company, young startup or potentially (looking) to list, this is the time the world is going to give you money.”
Paytm eyes up to $20-billion valuation in biggest Indian IPO
2. SoftBank-backed Indian logistics startup Delhivery files for $1 billion IPO
Indian logistics startup Delhivery seeks to raise about $998 million in its initial public offering, the startup said in a filing with the local regulator, joining a number of other tech startups in the world’s second-largest internet market to explore the public markets.
The 10-year-old startup plans to issue new shares worth $669 million, while the rest of the capital will be utilized to buy existing shares, it said in a filing (PDF).
The startup, which was valued at over $3 billion four months ago, is hoping to list at a valuation of over $6 billion in the public market, Indian newspaper Economic Times reported earlier this week.
SoftBank-backed Indian logistics startup Delhivery files for $1 billion IPO
A tweet:
Worth your attention:
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Zepto, a 10-minute grocery delivery app in India, raises $60 million Link
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Exclusive: B Capital leads $50 Mn round in neobank Fi Link
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