Start-ups In BT500 List 2022: Nykaa, Paytm, Zomato IPOs

Five startups have made their debut in Business Today magazine’s BT500 List 2022 of most valuable companies in India.

2021: A Year Of Historic Deal Making

2021 was a year of historic deal making with Indian start-ups raising as much as $40 billion, riding high on the pandemic-induced digital euphoria in the public markets

2021: A Year Of Historic Deal Making

Come 2022, the global economic environment has shifted and every start-up that jumped on the IPO bandwagon is facing a reckoning with their valuations plummeting and tech stocks suffering globally

Start-ups Face
A Reckoning

Zomato faced a setback in the markets as its stock touched a record low of Rs 46 on July 25 after a stellar debut in the same month

Zomato Ranks 71
In BT500 List

Investor confidence remained tepid despite the company’s Rs 4,447-crore acquisition of Blinkit and its other initiatives such as instant delivery

Zomato Stock: Tepid Investor Response

Paytm’s Rs 18,300-crore IPO was the largest ever stock market listing in India. However, its fall came pretty soon with the stock closing over 27 per cent lower on the first day

Paytm Ranks 89
In BT500 List

Various brokerages anticipate factors such as steady loan disbursements, new device additions and a thriving digital payments industry to work in Paytm’s favour. However, its focus is spread too broadly, which continues to worry investors

Paytm Prospects

Nykaa, which ranked 61 in the BT500 List, was the only profitable unicorn to enter the public markets recently. However, it too had its share of troubles as its stock hit an all-time low in October

Nykaa Ranks 61 In BT500 List

Policybazaar is another example of a company with a solid business model and clear path to profitability that has suffered due to intense selling pressure in the public markets and global headwinds

Policybazaar Ranks
151 In BT500 List

Delhivery’s decision to go ahead with its IPO in May this year when several companies were deferring their plans, was seen as a bold move. However, it was one that didn’t pay off with its share prices falling by 50 per cent from its all-time high in October

Delhivery Ranks 122
In BT500 List

2022 is turning out to be a year of extreme caution for start-up IPOs. The start-ups are climbing a hard learning curve and the ongoing corrective phase of the market will surely separate the best from the rest

Changing Dynamics
Of Start-up IPOs

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BT500 Special Issue Now On Stands!

Magazine Story By: Binu Paul
Produced By: Anshula Raj
Designed By: Pragati

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