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The Securities Exchange Board of India (SEBI) on April 23 gave its nod to the IPOs of Awfis Space Solutions Ltd and TBO Tek Ltd. Awfis aims to raise ₹160 crore, and TBO Tek mulls a ₹400 crore fresh issue.
Bikhchandani said shortage of capital is good for discipline among startups as they become frugal and conscious of unit economics
For every Rs 1 spent on marketing, MobiKwik realised a revenue of Rs 6.64 as of FY23. Other players like Fino payments bank, Groww, Phonepe and Paytm are ahead in this metric.
Those skeptical argue that more than the business outlook, it’s the current market momentum the company is trying to tap. The 14-year-old digital payments and financial solutions firm claims to have reported profit after tax in the first two quarters of FY24.
While FirstCry is likely to list only after the general election in 2024, Ola Electric's management has already begun roadshows with domestic and international investors