16/10/2020 11:27 PM | Click to read full article
There are about 35 startup unicorns in India and just a handful of them are chasing IPOs. It’s not the case of startups not wanting to go public, the situation is in fact quite contrary.
Lack of profitability is a major constraint for many startups as SEBI rules stop them from going public. Out of the 30 major unicorns in India only ReNew Power, Zoho, Info Edge, Mu Sigma, BillDesk, BYJU’S, Freshworks, Icertis, and Druva are profitable.