Public market liquidity and macro tailwinds lift country’s startup ecosystem
if you Not paying attention, we’ll say it again: The global venture capital industry is on fire. The second quarter of 2021 was the largest single three-month period on record for dollars invested.
The figures that are coming are pointing to a worldwide boom. Q2 was huge in the United States startup market, and investors don’t expect the pace to slow in the country. Europe is also having one hell of a year. Worldwide, 2021 is shaping up to be a breakout year for venture investment in startups. And that’s after years of soaring, record-breaking results.
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India is another good example of this trend. The country’s venture capital so far almost matches its 2020 total in 2021 and is on pace for a record year. But as the third quarter draws on, something even more important is happening: public-market liquidity.
The new trend is being led by Zomato, an Indian food delivery company, which could be worth $8.6 billion in its public launch. Other major Indian unicorns are following it in the public markets, including fintech players such as MobiKwik and Paytm, which is backed by Alibaba and its affiliate Ant Financial. The trio of companies could launch a multitude of public offerings from Indian companies if their opening proves to be lucrative and stable.
Today, the exchange is taking a look at India’s recent venture capital results and digging more deeply into the country’s IPO pipeline, with the help of Bloom Ventures’ VC Kunal Bajaj and PI Ventures’ Manish Singhal. We will also read tea leaves about how Zomato’s IPO is performing so far, and what we can learn from its initial data. This will be fun!