As companies like Ixigo and Zomato navigate the challenges of the post-pandemic world, experts discuss the critical balance between profitability and ambition in a evolving initial public offering landscape
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The Gurugram-based company generated the majority of its operating revenue from train ticketing amounting to Rs 100.46 crore
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Despite the dropouts, 38 new startups joined the index this year. Notably, travel aggregator ixigo went public with a USD 700 million valuation, skipping the gazelle stage after being identified as a potential unicorn in 2022
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As part of the share sale, the co-founders, Rajnish Kumar and Aloke Bajpai, are selling 1.19 crore shares each. Other investors such as SAIF Partners India, Peak XV Partners, Micromax Informatics, Placid Holdings and Madison plan to exit partially
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