Fundamentum readies four portfolio startups for IPOs

Nandan Nilekani-led venture capital firm Fundamentum is lining up at least four companies in its portfolio for a public listing over the next 12-24 months, co-founder and partner Ashish Kumar said.

- Mansi Verma

Spinny, PharmEasy, FarEye, and Kuku FM have initiated and are actively evaluating potential initial public offerings.

(ISTOCKPHOTO)

Online preowned cars platform Spinny, e-pharmacy PharmEasy, logistics software startup FarEye, and digital audio platform Kuku FM have initiated discussions with advisors and are actively evaluating potential initial public offerings (IPOs), he said.

The move comes as venture capital funds prepare portfolio exits amid plans to raise their next rounds of capital. Venture capital firms have seen the exit path open up as the Indian IPO markets staged a revival over the past couple of years. In June, Mint reported that after Verlinvest SA’s portfolio company Wakefit Innovations Ltd filed for an IPO that month, the Belgium-based investment firm is queuing up beauty products platform Purplle and condiments maker Veeba for public listings.

The move comes as venture capital funds prepare portfolio exits amid plans to raise their next rounds of capital