Business Standard’s Post

On National Startup Day, here’s a look at the various steps taken by capital markets regulator Sebi to enhance disclosure and listing norms for IPOs, especially those from the start-up world. #startups #startupindia #stockmarket #stockinvestment #IPO #IPOs #sebi #regulators #regulatoryaffairs #compliance #startup #startupcommunity https://lnkd.in/dpCq_gyb

Analysts are expecting a surge in IPOs next year. One reason for that is necessity, as more startups become cash strapped. Roughly 1,200 private companies will exhaust their financial reserves by the end of next year, according to Discovery Capital Management. And startups won't be able to rely on VC firms as much as they have in the past. Brad Gerstner, founder and CEO of Altimeter Capital, says it's wishful thinking to expect investors in the private market "to overpay for your stock." Learn more: https://lnkd.in/g5APuAaC #ipo #initialpublicofferings #startups #investors #capitalmarkets

Joining the long list of startups going public, B2B marketplace OfBusiness has reportedly kicked off discussions with investment bankers as it aims for an initial public offering (IPO) by August next year 👇 The company held talks with at least five investment banks, including Kotak Investment Banking for its IPO. The report also said that the issue will comprise a mix of primary and secondary shares offering around $500 Mn. Founded in 2015 by Asish Mohapatra, Bhuvan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Srinath Ramakkrushnan and Vasant Sridhar, OfBusiness is an ecommerce platform offering construction materials for small enterprises, apart from providing financing solutions. 🔗 To read more in detail, click here: https://lnkd.in/g25fmacB #news #IPO #startup

This week’s big stories: a Silicon Valley investment firm that’s being probed by the US for allegedly leaking secrets to Beijing The there's Swiggy’s much-anticipated IPO that could raise over $1B and value the firm at over $15B We also have details of an impending IPO for India’s first unicorn and the VC formerly known as Sequoia India and Southeast Asia has cashed over $1B since splitting from its parent last year All that and much more as always https://lnkd.in/gk4UuZ8N

Our CEO & Managing Partner participated in the “Focus on Private Equity” panel at the Venture Intelligence #Conclave24. The discussion was packed with deep insights offered by the panel including Nitin Nayar, Udai Dhawan, Vinit Mehta, Manish Mehta, Mukesh Mehta , Anant Kharad & Vandana Pai. Sharing some of our key insights from the discussion: 𝟭. 𝗘𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗣𝗘 𝗺𝗮𝗿𝗸𝗲𝘁: The PE landscape has matured to include both minority stake deals as well as control / buyout transactions. Minority transactions are seeing more involvement of investors in the growth journey. Also, promoters are more open to giving controlling stake to PEs which is allowing investors to control their destiny during exits. The PE-investee company partnership is maturing as promoters understand the value-add benefits and talent at the CXO level of large companies and MNCs are open to moving to smaller companies. Net net, food for all 𝟮. 𝗕𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝘁𝗵𝗲 𝗴𝗮𝗽 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗩𝗖 𝗮𝗻𝗱 𝗣𝗘 𝗮𝗻𝗱 𝗲𝗺𝗲𝗿𝗴𝗲𝗻𝗰𝗲 𝗼𝗳 𝗻𝗲𝘄 𝗮𝗴𝗲 𝘀𝗲𝗰𝘁𝗼𝗿𝘀: Our CEO Ratna Mehta, shared “𝘈𝘴 𝘵𝘩𝘦 𝘐𝘯𝘥𝘪𝘢𝘯 𝘮𝘢𝘳𝘬𝘦𝘵 𝘤𝘳𝘰𝘸𝘥𝘴 𝘢𝘳𝘰𝘶𝘯𝘥 𝘴𝘦𝘦𝘥 𝘴𝘵𝘢𝘨𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘢𝘯𝘥 𝘭𝘢𝘳𝘨𝘦𝘳 𝘱𝘭𝘢𝘺𝘦𝘳𝘴 𝘢𝘳𝘦 𝘮𝘰𝘳𝘦 𝘧𝘰𝘤𝘶𝘴𝘦𝘥 𝘰𝘯 𝘣𝘶𝘺𝘰𝘶𝘵𝘴, 𝘵𝘩𝘦𝘳𝘦 𝘪𝘴 𝘢 𝘸𝘩𝘪𝘵𝘦 𝘴𝘱𝘢𝘤𝘦 𝘵𝘰 𝘱𝘭𝘢𝘺 𝘢𝘵 𝘵𝘩𝘦 𝘤𝘶𝘴𝘱 𝘰𝘧 𝘝𝘊 𝘢𝘯𝘥 𝘗𝘌 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨” Growth stage funds focusing on technology are more focused on sustainable profit-generating business model bets vs backing new upcoming technologies. On sunrise sectors and focus for fundalogical she said “𝘚𝘶𝘱𝘱𝘭𝘺 𝘤𝘩𝘢𝘪𝘯 𝘪𝘴 𝘵𝘩𝘦 𝘣𝘢𝘤𝘬 𝘣𝘰𝘯𝘦 𝘰𝘧 𝘵𝘩𝘦 𝘐𝘯𝘥𝘪𝘢𝘯 𝘨𝘳𝘰𝘸𝘵𝘩 𝘴𝘵𝘰𝘳𝘺 𝘢𝘯𝘥 𝘸𝘦 𝘢𝘳𝘦 𝘣𝘶𝘭𝘭𝘪𝘴𝘩 𝘰𝘯 𝘵𝘩𝘦 𝘴𝘦𝘨𝘮𝘦𝘯𝘵. 𝘈𝘴 𝘵𝘩𝘦 𝘮𝘢𝘳𝘬𝘦𝘵 𝘮𝘢𝘵𝘶𝘳𝘦𝘴 𝘵𝘩𝘦𝘳𝘦 𝘢𝘳𝘦 𝘪𝘮𝘮𝘦𝘯𝘴𝘦 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘴𝘱𝘢𝘤𝘦”. 𝟯. 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗩𝗮𝗹𝘂𝗲 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻: There has been an increased focus on creating value by partnering with founders to get the right talent onboard, offering access to new markets, strategically increasing business / sales and then exiting 𝟰. 𝗘𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗘𝘅𝗶𝘁 𝗠𝗮𝗿𝗸𝗲𝘁: Public markets are creating increasing options for companies to list. Even companies that are majority-owned by investors are seeing public market exits. The market is also providing multiple other exit options like dividend recaps, sale to secondaries, and increased strategic sale among other options. Thank you! Arun, Sonal & Venture Intelligence for providing us an opportunity to be part of the esteemed panel. Ratna M. Yishaan Patel Priyank Jain Naman Ojha Mithil Mithani Tarun Pahuja #growthcapital #supplychain #portsofinidia #india #privateequity

Tech companies clearly seeing a comeback on the public markets as well as renewed PE funding / interest over the last 3-4 months. Are we in for a 2021 repeat? surely seems so. Fundamentals this time seem more robust than 2021 FOMO craze. Hope this translates into public investments also growing multi fold. #IPO #tech #investments #privateequity

With startups under pressure and selling at steep discounts, we’re in a unique moment for acquisitions and restructurings. The question isn’t if you should act—it’s how you’ll maximize the opportunity. At Resolute we guide companies through these critical transitions, whether restructuring for growth or winding down with purpose. Having the right strategy can turn a challenge into a win. Explore more about these market shifts in this insightful article from PitchBook: https://hubs.la/Q02Qk0-B0 #DistressedAssets #Restructuring #FinancialAdvisory #MergersAndAcquisitions #Resolute

"The public markets have also changed in the last few years. Hinkle said that traditionally companies should have eight quarters of strong growth and metrics before hitting the public market. While companies could get away without that in 2020 and 2021, they won’t be able to now. Vaksman agreed. “The public markets don’t care as much about your growth but more about pure financials, good-old profitability and margins,” Vaksman said. Plus, the rise and maturation of the secondary markets, where private shareholders can sell stock in company-approved transactions, is also playing a big role for VCs. Secondaries let them get liquidity if they need it, rather than pressuring their valuation-depressed startups to go public. Founders dealing with VCs who may be dragging their feet might cause tension in the boardroom, but could produce better results for the startups, their VC backers and their VC’s underlying LPs." In the current market, this is a largely theoretical market. However, when the IPO market re-opens, there will be many companies with investors that invested at valuations that are now well above market and these tensions will likely come to the fore. #startups #venturecapital #ipo

Liquidation preference terms can vary depending on the specific agreements between investors and the startup. Common examples of liquidation preference terms: 🔯 Non-Participating Preferred: Preferred shareholders are entitled to receive a liquidation preference (in most cases) equal to the original investment amount before any distribution is made to common shareholders. ✡ Capped Participating Preferred: The participation rights of preferred shareholders are capped at a certain multiple of the original investment amount such as participating at 2x or non-participating at 2x of original investment. ✡ Convertible Preferred: It allows preferred shareholders to convert their preferred shares into common shares at a predetermined conversion ratio. In the event of a liquidation or sale of the company, preferred shareholders can choose to either receive their liquidation preference or convert their preferred shares into common shares and participate in the distribution of proceeds alongside common shareholders. The specific terms and provisions can vary based on negotiations between investors and the startup, and prevailing market conditions and industry standards. #startupecosystem #startupvaluation #vcpe

Ready to take the next step? Connect with industry experts and advisors who can guide you through the IPO process in Bangladesh. Attend workshops and seminars to gain deeper insights into the Bangladeshi market and regulatory landscape. If you’re still unsure, consider reaching out for a consultation with professionals who specialize in IPOs. They can provide personalized advice and help you determine if an IPO is the right move for your startup. Taking your startup public is a significant milestone, and with careful planning and preparation, it can open doors to new opportunities and growth. Remember, the IPO process in Bangladesh may seem complex, but with the right guidance and resources, you can navigate it successfully. Good luck on your IPO journey! #ipoprocessinBangladesh #IPO #Bangladesh #Business