India's many blockbuster IPOs have dwindled since they listed on the stock markets and life after IPO is much different than anticipated. However, experts believe there's no reason for gloom and doom
(Clockwise from left) Vinay Sanghi, chairman and managing director, CarTrade Tech; Rashmi Verma, co-founder and CTO, Rakesh Verma, co-founder and CMD, and Rohan Verma, CEO and executive director, MapmyIndia; Girish Mathrubootham, founder, FreshWorks; Alok Bansal (left) and Yashish Dahiya of Policybazaar. Bhanu Chopra, chairman and managing director, RateGain; Hemant Jalan (centre), chairman and managing director, Indigo Paints
Images: (Clockwise from left) Neha Mithbawkar for Forbes India, Madhu Kapparath, Balaji Gangadharan for Forbes India, Amit Verma, Madhu Kapparath and (Centre) Gaurav Thombre
Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall… this is how a venture capitalist (VC) describes the state of public-listed companies across the globe. The funder, requesting anonymity as his VC firm backed one of the “over-hyped IPOs” that India saw over the last two years, starts by citing the US market, which is in the midst of a brutal tech meltdown on the back of soaring inflation, rising interest rates, Covid-induced supply chain constraints, and a turbulent macro environment, including the Ukraine war. Amazon’s stock tumbled by over 50 percent in 2022. This was the biggest fall since 2000, when the stock plunged 80 percent.
(This story appears in the 27 January, 2023 issue of Forbes India. To visit our Archives, click here.)