Path to IPO

Small and Medium Enterprises (SMEs) are pivotal in driving economic growth and innovation, yet accessing capital remains one of their most significant challenges. SME Initial Public Offerings (IPOs) have emerged as an alternative financing avenue, offering smaller…

Welcome back to our Insights from a decade of Indian Mainboard IPOs series! In this Part 2, we shift our lens from pre-IPO demographics to the financial performance and capital efficiency of listed companies over the past…

India’s public markets have seen significant growth in listing over the years, with forecasts estimating 98 IPOs by the end of 2024. As more and more of our founders prepare to enter the dynamic world of public markets, we often find them inquiring about crucial aspects…

The Indian VC-supported startup world doesn’t seem to have come to terms with an important eventuality – Venture cycle completions means companies going public and creating monstrously large public companies that are eventually the source of smaller acquisitions and exits.…

Every year, for the past 8 years, I have got the same question a few minutes into every LP meeting (LPs or Limited Partners are the financial investors who give funds such as Blume the capital to invest into startups). ​“Where are the exits?” ​“Why aren’t there…

The (Publicly) Listed Venture-backed Tech Company is Dead! Softbank and similar mega-sized investors are cited too often nowadays as a way to sustain staying private for longer than needed. Long live the Public listing of the Venture-backed Tech Company! I don’t…

A couple exchanging marriage vows are almost always thinking – ​“This is it! It’s for a lifetime!” Alas! It doesn’t work out sometimes. But the vows indicate that it was at least the hope. And many marriages, despite the odds, do last a lifetime. How often can one say that…

The above lines were spoken by Nitish Mittersain when Arpit Agarwal, Director at Blume Ventures, asked him about his decision to go public. This was in a recent episode of X‑Unicorns, a podcast conceptualised by Blume to bring out the unique journeys of startups which have…

Do we have a problem in the way many startup founders think about IPOs in India? As we talk to founders, we have noticed that many of them believe that to build a highly valued company over the long run, they need to take their companies public at least at a…

Last month, I published an article about the ability of startups to build valuable companies even without a billion-dollar public…

“Founders often overlook IPO as a marketing campaign and don’t spend enough time with the marketing function, which is a missed opportunity. You have to convince investors of all sizes — HNIs, institutional, as well as retail to invest, and you are competing with multiple…