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The "Cockroach Startup" makes its debut on the stock market.

Updated: Jun 9




Fifteen months later, Bajpai and ixigo are once again nearing their IPO, and this time, there's no turning back like in 2021. The ixigo IPO is set to open tomorrow morning, marking a significant milestone for this unique Indian startup as it prepares to compete in the stock market. Known as a ‘cockroach startup’ for its scrappy and frugal nature, ixigo has shown remarkable resilience and sustainability over its 18-year journey, achieving profitability—a rare feat for venture-backed startups.

This Sunday, we'll delve into ixigo’s story, but first, let's look at this week's top stories from our newsroom:

  • The Startup Ecosystem’s Wishlist: Aarin Capital’s partner Mohandas Pai urges the next Narendra Modi-led government to ease angel tax hurdles and establish a INR 50,000 Cr fund of funds to advance the Startup India vision.

  • Swiggy’s IPO Test: As Swiggy prepares for one of the largest tech startup IPOs in India, we'll explore the grey market's view on its valuation and what Swiggy needs to do to attract investors.

  • Zomato’s Rollercoaster: Despite the potential of Blinkit, a profitable food delivery business, and the expanding Hyperpure B2B vertical, Zomato seems to have lost some of its appeal in the stock market.

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