Public Listing
Lenskart Founder Peyush Bansal Poised to Increase Stake Ahead of Mega IPO
Lenskart's founder, Peyush Bansal, plans to increase his stake pre-IPO, a trend among Indian tech founders. This move, ahead of a potential $8-10 billion IPO, aims to solidify ownership after past dilution and follows Lenskart's strong FY24 performance, showcasing improved profitability and sales growth.
India's Startups Eyeing Over ₹18,000 Crore Through Public Listings in Major D-Street Surge
Indian startups are gearing up for a significant D-Street push, aiming to raise over ₹18,000 crore via IPOs. This surge includes major players like Pine Labs, Shadowfax, Urban Company, Shiprocket, and Wakefit. Driven by scaling and a new focus on profitability, these listings reflect growing confidence in public markets and mark a maturing phase for India's startup ecosystem.
JSW One Platforms Targets IPO Within Two Years, Eyes Profitability This Fiscal
JSW One Platforms, JSW Group's B2B e-commerce arm, targets an IPO within 18-24 months. The company aims for break-even this fiscal year, building on its $1 billion unicorn valuation and ₹12,500 crore GMV in FY25. Focusing on steel/cement for MSMEs, JSW One offers a full-stack solution including fintech, eyeing expansion into other construction materials post-IPO.
Pine Labs Gears Up for Rs 5,000-6,000 Crore IPO, Files DRHP by June-End
Fintech giant Pine Labs is set to file its DRHP by June-end for a Rs 5,000-6,000 crore ($600-720M) IPO. Having recently re-domiciled to India, the move underscores the growing maturity of India's startup ecosystem and public markets. The IPO could value the company at $4-5 billion.