Is The Grass Greener For Unicorns?

After years of investors pumping money into the stock market, sometimes with no end in sight, there seems to be hope for unicorn-rich India.Following Zomato, the largest food delivery company in India by market share, that filed for an initial public offering (IPO) as early as April and was listed in July, a host of start-ups have queued up to float their offers. The ongoing bull run also gives these companies an opportunity to aggressively price their shares. FSN E-Commerce (Nykaa), One97 Communications (PayTM), and PB Fintech (owner of PolicyBazaar) have already joined the IPO bandwagon. So, is the Indian stock market experiencing a new lease of life? The Growth Potential Of India The multi-billion-dollar listing of Zomato and potential listings of Nykaa, PolicyBazaar, and PayTM are part of renewed investor interest in the Indian market. “Investors are betting on India’s...