Start-ups In BT500 List 2022: Nykaa, Paytm, Zomato IPOs
Five startups have made their debut in Business Today magazine’s BT500 List 2022 of most valuable companies in India.
2021: A Year Of Historic Deal Making
2021 was a year of historic deal making with Indian start-ups raising as much as $40 billion, riding high on the pandemic-induced digital euphoria in the public markets
2021: A Year Of Historic Deal Making
Come 2022, the global economic environment has shifted and every start-up that jumped on the IPO bandwagon is facing a reckoning with their valuations plummeting and tech stocks suffering globally
Start-ups Face A Reckoning
Zomato faced a setback in the markets as its stock touched a record low of Rs 46 on July 25 after a stellar debut in the same month
Zomato Ranks 71 In BT500 List
Investor confidence remained tepid despite the company’s Rs 4,447-crore acquisition of Blinkit and its other initiatives such as instant delivery
Zomato Stock: Tepid Investor Response
Paytm’s Rs 18,300-crore IPO was the largest ever stock market listing in India. However, its fall came pretty soon with the stock closing over 27 per cent lower on the first day
Paytm Ranks 89 In BT500 List
Various brokerages anticipate factors such as steady loan disbursements, new device additions and a thriving digital payments industry to work in Paytm’s favour. However, its focus is spread too broadly, which continues to worry investors
Paytm Prospects
Nykaa, which ranked 61 in the BT500 List, was the only profitable unicorn to enter the public markets recently. However, it too had its share of troubles as its stock hit an all-time low in October
Nykaa Ranks 61 In BT500 List
Policybazaar is another example of a company with a solid business model and clear path to profitability that has suffered due to intense selling pressure in the public markets and global headwinds
Policybazaar Ranks 151 In BT500 List
Delhivery’s decision to go ahead with its IPO in May this year when several companies were deferring their plans, was seen as a bold move. However, it was one that didn’t pay off with its share prices falling by 50 per cent from its all-time high in October
Delhivery Ranks 122 In BT500 List
2022 is turning out to be a year of extreme caution for start-up IPOs. The start-ups are climbing a hard learning curve and the ongoing corrective phase of the market will surely separate the best from the rest
Changing Dynamics Of Start-up IPOs
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BT500 Special Issue Now On Stands!
Magazine Story By: Binu Paul Produced By: Anshula Raj Designed By: Pragati