SynopsisIn the last month, several new-age companies backed by venture capital, have or are set to hit the public markets. This has resulted in a gold rush for their investors. Travel tech platform Ixigo is set to go public next week, while insurtech firm Go Digit and coworking startup Awfis have already listed on the exchanges in the past one month. Their investors, including Peak XV Partners, Elevation Capital, ChrysCapital and TVS Capital and A91 Partners, are sitting on multiple returns from some of these investments.
A second wave of initial public offerings (IPOs) of venture-backed new-age firms, starting with Mamaearth parent Honasa Consumer last October and followed by Go Digit, Awfis and ixigo this year, is turning into a gold rush for investors such as Peak XV Partners, Elevation Capital, ChrysCapital, A91 Partners and TVS Capital.The first such set of companies, which went public in 2021 and 2022, include Zomato, Nykaa, PB Fintech, Paytm and Delhivery.
BY
Pranav Mukul
ETtech
Jun 10, 2024, 06:00:00 AM IST
- FONT SIZEAbcSmall
AbcMedium
AbcLarge
- SAVE
- COMMENT
Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories
& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &
in-depth stock reports
Subscribe Now
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise
Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-