Startup IPO plans are most likely dead

Singed investors, inflationary pressures and poor growth prospects put paid to hopes of startups tapping public markets for funds.

IPOs of startups like MobiKwik, Yatra Online, Snapdeal, PharmEasy, OYO and Ola are in the works. But it increasingly looks like they will have to be postponed indefinitely. 

2021 was an important year in the annals of public markets in India. It was the first year in which home-grown technology startups, which were until then funded by private equity investors, unveiled their IPOs in local bourses. It was a sort of a coming of age of the much-hyped startup industry in India.

And it looked like a good year. One that saw eight companies, including Paytm, which was the first …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor