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Market meltdown may shrink startup IPOs and valuations
Mint New Delhi
|February 13, 2025
More than two dozen startups may go public in the coming months, including potential billion-dollar issues
Indian startups planning to go public this year will likely have to review their issue sizes and valuations as US President Donald Trump's decision to impose tariffs on various American imports has sent equity markets into a tailspin, several investment bankers told Mint.
Over two dozen startups may go public in coming months, including potential billion-dollar issues by the likes of Groww, Lenskart and Zepto, besides smaller ones by Ather Energy, Boat, Bluestone, Infra.market, Captain Fresh, Fractal, Ofbusiness, PhysicsWallah, PayU, Pine Labs and others.
Hexaware Technologies listed on the bourses on 12 February, while Tata Capital and HDB Financial Services will list later this year.
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