A dozen new-age companies that have filed their draft IPO (initial public offering) papers this year will collectively raise over Rs 18,000 crore (more than $2 billion) through fresh issuances of shares, signalling growing confidence in public markets as a fundraising avenue even for mid-to-small startups.
Ecommerce platform Meesho, expected to file its draft prospectus confidentially soon, is targeting Rs 4,250 crore, the largest fresh issue in this cohort.
It is followed by edtech firm PhysicsWallah at Rs 4,000 crore.
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A dozen new-age companies that have filed their draft IPO (initial public offering) papers this year will collectively raise over Rs 18,000 crore (more than $2 billion) through fresh issuances of shares, signalling growing confidence in public markets as a fundraising avenue even for mid-to-small startups.
Ecommerce platform Meesho, expected to file its draft prospectus confidentially soon, is targeting Rs 4,250 crore, the largest fresh issue in this cohort.
It is followed by edtech firm PhysicsWallah at Rs 4,000 crore.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
ETtech
