Top 10 Upcoming Startup IPOs in India

In this video, we take a look at upcoming Top 10 Startup IPOs, many of whom are expected to IPO in 2022.

0:00 Intro
1:03 Ixigo
1:59 Navi Technologies
2:47 Ecom Express
3:36 Mobikwik
4:13 Droom
4:57 Delhivery
5:46 FirstCry
6:33 Pharmeasy
7:41 Oyo
8:42 BYJU'S

#10 Ixigo: Founded in 2006 by Aloke Bajpai and Rajnish Kumar, Ixigo is an AI-based travel app that facilitates organizing, booking and tracking trips for its 255 million users. The company is currently valued at $600 million and has raised $72 million from their investors. Company is expected to raise 1600 crore rupees through an IPO which will value the company at $850 million.

#9 Navi Technologies: Founded by Ankit Agarwal and Sachin Bansal in 2018, the company offers personal loans, insurance, lending, and a host of other services in the BFSI space. So far, they’ve raised over $580 million from various investors at a valuation of $650 million. Company became profitable in FY21 and is looking to raise 3350 crore rupees from their IPO.

#8 Ecom Express: The company was started in 2012 by 4 ex-Blue Dart employees - K. Satyanarayana, Manju Dhawan, the late Sanjeev Saxena, and T.A. Krishnan, and provides end-to-end logistics solutions to both small and large e-commerce companies. With a current valuation of $750 million, the startup has raised over $485 million from a number of VCs and the company is looking to raise 4860 crore rupees with their IPO.

#7 Mobikwik: Founded by Bipin Preet Singh and Upasana Taku in 2009, the company started off as a payments platform but has slowly transformed into a fully-fledged fintech startup offering various financial services. They’re currently valued at $1 billion and have raised a total of $165 million from a number of prominent VCs. They’re looking to raise an additional 1900 crore rupees by going public.

#6 Droom: Founded by Sandeep Aggarwal in 2014, Droom is India’s largest e-commerce platform for trading used automobiles with a listed inventory of over $14 billion. The company has raised about $333 million from their investors, and they’re looking to raise 3000 crore rupees from this IPO.

#5 Delhivery: Founded in 2011 by Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan, Delhivery provides transportation, warehousing, freight, and order fulfillment services to their customers. So far, Delhivery has raised $1.4 billion from their investors, and by going public, the company is looking to raise around $700 Million at a $5 billion valuation.

#4 Firstcry: Founded by Amitava Saha and Supam Maheshwari in 2010, FirstCry offers a wide range of baby products and toys with an inventory of over 90,000 items. Their investors have poured $740 million into the company at a $3 billion valuation, and they’re expected to be raising $700 million from this IPO, at a $6 billion valuation.

#3 Pharmeasy: Headquartered in Mumbai, the company was started by two friends, Dharmil Sheth and Dhaval Shah with the goal of building an all-in-one healthcare platform. The startup’s investors have poured $1.6 billion into the company so far, and they are currently valued at $5.4 billion, and their IPO is expected to value them at between $7 and 8 billion. They’re planning to raise 6250 crore rupees from their IPO.

#2 Oyo: Founded by Ritesh Agarwal in 2012, and then later Manish Sinha, OYO provides a platform for users to easily find and book accommodation like hotels and homes. They have raised $3 billion from their investors valuing them at $9 billion currently. They’ll be raising 8430 crore rupees at a valuation of $12 billion.

#1 BYJU'S: Founded by Byju Raveendran and Divya Gokulnath in Bengaluru in 2011, BYJU’S serves over 150 million students around the world with online and offline courses and exam prep. The decacorn’s current valuation is estimated to be around $22 billion, and their investors have poured close to $7 billion into the company so far. They haven’t filed for their IPO yet, and we don’t even know how much they’re gonna be raising, they’ll likely be seeking a valuation of between $40 and 45 billion, and their IPO is likely gonna take place in the second quarter of the financial year of 2023.

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