TLDR:
- New-age companies are going public, resulting in a gold rush for investors.
- Companies like Ixigo, Go Digit, and Awfis have seen significant returns for their investors who include Peak XV Partners, Elevation Capital, and more.
In the last month, several new-age companies backed by venture capital, have or are set to hit the public markets, leading to a gold rush for their investors. Ixigo, a travel tech platform, is set to go public next week, while insurtech firm Go Digit and coworking startup Awfis have already listed on the exchanges in the past month. Investors such as Peak XV Partners, Elevation Capital, and others are sitting on multiple returns from these investments. This trend of new-age companies going public is not new, as companies like Zomato, Nykaa, PB Fintech, Paytm, and Delhivery went public in 2021 and 2022.
This second wave of IPOs for venture-backed new-age firms is turning into a gold rush for investors, with companies like Honasa Consumer, Go Digit, Awfis, and Ixigo leading the charge. Investment firms like Peak XV Partners, Elevation Capital, ChrysCapital, A91 Partners, and TVS Capital are among those reaping the benefits of these successful IPOs. The article highlights the success stories of these companies and the positive outcomes for their backers, showcasing the potential for lucrative returns in the current IPO boom.
