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Indian unicorns diversifying to newer biz segments ahead of mega-IPO plans

A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans

IPO, shares, company, firms, market, startups, unicorns

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The Covid-19 pandemic has accelerated the shift to e-commerce, as an increasing number of consumers are shopping online in greater frequency | Illustration: Binay Sinha

Peerzada Abrar Bengaluru

6 min read Last Updated : Oct 01 2020 | 6:10 AM IST

Top Indian internet-based companies, including e-commerce firm Flipkart, ed-tech start-up Byju’s, food-delivery company Zomato and ride-hailing firm Ola, are gearing up for initial public offerings (IPOs) in two or three years that are expected to unlock a total valuation of $100 billion for these firms.

According to industry insiders and analysts, these firms are focusing on building a path to profitability, diversifying into newer business segments and consulting their finance and legal teams for listing overseas or in India.

Walmart-owned Flipkart and PhonePe, the digital payments firm, are planning to go public in the US by 2022. Sources said Flipkart is eyeing

Topics : startups in India unicorn companies initial public offerings IPOs Flipkart Byju's Amazon Zomato

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