List of Upcoming IPOs of Startups in 2021: Looking back at the history of the stock market everyone wishes to find hidden gems like the next Google or Apple. For retail investors like us startups going for an IPO give us the closest opportunity to find these gems and the added excitement in the market is a bonus.
We have prepared a list of top startups that are eyeing an IPO to watch out for.
Upcoming IPOs of Indian Startups in 2021
1. Zomato Ltd.
Zomato on Wednesday filed for an initial public offering. It is expected to be one of the largest initial public offerings ever for an Internet startup in India.
The 12-year-old Gurgaon-headquartered Indian startup plans to raise $1.1 billion from the IPO, as reported in its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), detailing plans for its long-awaited public listing. Zomato intends to list on Indian stock exchanges NSE and BSE.
Zomato was founded by Pankaj Chaddah and Deepinder Goyal in 2008 as a website that provided information on restaurants, access to their menus, the ability to view and provide reviews. However, they eventually ventured into the food delivery segment and are currently one of the top players in the market.
Although you may associate Zomato with the Indian markets they have also expanded to 24 countries including UAE, Sri Lanka, Qatar, UK, Philippines, South Africa, New Zealand, Turkey, Brazil, Indonesia, Portugal, Canada, Lebanon, Ireland, etc.
They have received over $2.1 billion in funding so far, which counts Info Edge and Ant Group among its largest investors, and generated Rs. 2,451 crore in revenue in 2020.
Nykaa is a one-stop online destination for beauty and wellness products. The company was founded by IIM-A Alumnus and Investment Banker Falguni Nayar. She left her high-paying job as the managing director at Kotak Mahindra Capital Company to become an entrepreneur and founded Nykaa in 2012.
Over the years the company has successfully expanded its product base to offer over 3 lakh products across 1,500 brands to its customers. The company began selling its products online in 2012 but also ventured into the retail space using brands Nykaa Luxe and Nykaa On Trend.
In 2019 Nykaa acquired 20Dresses.com. The company had raised over $22 million dollars at a $1.2 billion valuation in 2020 making it a unicorn. In 2020 Nykaa also roped in Bollywood stars Alia Bhatt and Katrina Kaif as investors. The company has also entered into a celebrity partnership with Katrina Kaif under Kay Beauty.
The lockdown had a little negative impact on the e-tailer as a significant portion of the market began shifting to digital means.
Nykaa is said to be eying an IPO by the end of 2021 or early 2022 at a valuation of $3 billion. This IPO will be the first by a cosmetic retailer in the Indian markets.
Founded in 2009 by Vijay Shekhar Sharma, Paytm stands for Pay through mobile. It provides users with a platform to make payments through their mobile app. The company was the first digital payments app that crossed 100 million users in 2017 and currently has a user base of over 350 million users. The company held a 14.86% market share in February 2021 while competing with other UPI apps.
Paytm has raised over Rs. 220 crore in funding and is eyeing an IPO. The company is veiled at $16 billion and it is one of the much-awaited upcoming IPOs this year.
4. Delhivery Ltd.
Delhivery was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati in 2011 as an Indian Delivery company. They offer their services to e-commerce clients looking for logistics services. The company delivers 1.5 million orders per day and its clients include Urban Touch, Flipkart, Snapdeal, eBay, Amazon, Myntra, Jabong, Healthkart among various others.
The unicorn is expected to file for IPO and is expected to raise $800 million at a valuation of $3.2 – 4 billion.
5. Mobikwik Ltd
MobiKwik was founded by husband and wife Bipin Preet Singh and Upasana Taku in 2009. The company is a mobile phone-based payment system and digital wallet. They also provide services like loans, insurance, credit card payments, IMPS facility, investment facility for mutual funds, and DTH recharge.
MobiKwik has received over $140.1 million in funding and has generated Rs. 199 crore revenue in 2020. They have also expanded their customer base to over 120 million users and 3 million retailers across the country.
The company is targeting an IPO of $200 million to $ 250 million could value the startup as a unicorn.
PolicyBazaar was founded by Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar. in 2009 as a platform for users looking for insurance products allowing them to compare and select the best. They then further expanded into an insurance marketplace allowing its users to purchase insurance policies online. The company holds a 90% market share in third-party online sales and a 40% market share in total online sales.
The company has received over $766.6 million in funding and has generated Rs. 854.7 crore revenue in 2020.
The company is targeting an IPO of Rs 4000 cr at a $3.5 billion valuation.
Founded in 2011 Pepperfry is an e-tailer for furniture and home decor. The company was started by ex-eBay executives Ambareesh Murty and Ashish Shah. After its initial success, the company also opened its offline store in Mumbai in 2014 which grew to 70 stores in 2019. The company has also partnered with brands like Hettich, Bosch, Siemens, Kajaria, Gyproc etc.
The company has received over $245.3 million in funding and is expected to file for IPO by the end of 2021 or by mid-2022.
Founded in 2010 by Bhavish Agarwal and Ankit Bhati, Ola Cabs offers vehicles for hire through their app. Despite competing with MNC like Uber, Ola has still managed to capture 72.44% of the revenues generated in the Indian online taxi market. The company has also expanded its presence in Australia, New Zealand, and the UK.
The company has received $3.8 billion in funding and is in plans to opt for an IPO during 2021.
This list makes up companies eying for an upcoming IPO this year. However, the Indian markets include numerous startups that have aimed at IPO in the coming years. These include companies like Oyo and Byjus. In addition, there are several companies like PineLabs and Druva that are eying for IPOs in the US markets.
One thing for sure is that these startups would bring back the added excitement into the markets. You can apply for an IPO through Zerodha. Thanks for Reading, Happy Investing!
Aron, Bachelors in Commerce from Mangalore University, entered the world of Equity research to explore his interests in financial markets. Outside of work, you can catch him binging on a show, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating kid’s ice-cream is the best way to teach them taxes.