India poised for report VC yr as unicorns head for decisive IPOs – TechCrunch

Public market liquidity and macro tailwinds carry the nation’s startup ecosystem

In case you’ve not been paying consideration, we’ll say it once more: The worldwide enterprise capital business is on fireplace. The second quarter of 2021 was the biggest single three-month interval on report for {dollars} invested.

The information coming in factors to a worldwide growth. The US’ startup market had an enormous Q2, and traders don’t anticipate the tempo to gradual within the nation. Europe can be having one hell of a yr. All over the world, 2021 is shaping as much as be a breakout yr for enterprise funding into startups. And that’s after a number of years of rising, record-breaking outcomes.

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India is one other good instance of this development. The nation’s enterprise capital haul so far in 2021 has practically matched its 2020 whole and is on tempo for a report yr. However because the third quarter will get underway, one thing maybe much more essential is occurring: public-market liquidity.

The brand new development is being spearheaded by Zomato, an Indian meals supply big that might be valued at $8.6 billion in its public debut. Different main Indian unicorns are following it to the general public markets, together with fintech gamers like MobiKwik and Paytm, which is backed by Alibaba and its affiliate Ant Monetary. The trio of firms may herald a rush of public choices from Indian firms if their debuts show profitable and steady.

In the present day, The Trade is having a look at India’s current enterprise capital outcomes and digging extra deeply into the nation’s IPO pipeline, with assist from VCs Kunal Bajaj of Blume Ventures and Manish Singhal of pi Ventures. We’ll additionally learn the tea leaves in relation to how Zomato’s IPO is performing so far, and what we are able to study from its early knowledge. This will probably be enjoyable!

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