Moulishree Srivastava

CarTrade garnered bids for 263 million equity shares against an IPO size of 12.9 million equity shares.

Zomato, which entered the food delivery segment in 2015, completed a billion orders on its platform last week.

Amazon and Flipkart have been under scrutiny from Indian regulators for allegedly flouting the FDI rules that were established in late 2018.

The ten-year-old startup has become the 20th firm to turn into a unicorn this year, and the eighth Indian B2B SaaS platform to enter the billion-dollar club.

Until now, Indian startups have not been able to make their mark in the UAE. With Gulf-based investors betting on Indian startups, that is slowly changing.

With the listing, nine-year-old Nykaa—one of the very few profitable e-commerce companies—is reportedly eying a valuation of USD 4 billion.

The company plans to utilize the proceeds from the IPO to enhance awareness of its brands, expand its international businesses, and establish an offline presence.

The edtech company plans to use the funding to scale existing offerings under its exam prep vertical and build platforms for new verticals like job search, content creation, and upskilling.