E-commerce logistics firm Delhivery on November 2 filed its documents with the market regulator, seeking to raise a billion dollars in an Initial Public Offering. The deal will mark a lucrative exit for many of its investors, make some employees rich and serve as a barometer to measure India's startup and tech sector's success.
Delhivery is the latest internet startup to file for a public share amid a historic funding boom, ending years of investor anticipation for internet IPOs. VCs have been investing in Indian internet companies for 15 years now, but are seeing exits at scale frequently and public offerings for the first time.
Listed companies and DRHPs filed this year include Zomato, Mobikwik, Nykaa, Policybazaar, Paytm and Ixigo, with PharmEasy set to file soon. Moneycontrol summarises key takeaways from Delhivery's IPO prospectus.
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