Flipkart, Paytm, Zomato gear up for IPOs; India’s internet giants up for listing in 2021 and beyond



With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.


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With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors.

Internet giants Flipkart, Paytm, Zomato, Big Basket and others could be in for making their stock market debuts in 2021 and beyond that, said a report by global brokerage and research firm Bernstein. These Indian unicorns are now household names in tier-1 and tier-2 cities across India and have a significant stake in their respective industry. Recently, stock markets have witnessed a rush of initial public offerings, and retail investors have been at the forefront when it comes to subscribing to these issues. Individual investors have oversubscribed all the IPOs in recent months.

With the entry of these internet giants, the IPO market could be on its way to become more appealing to retail investors. Serving the e-commerce, fin tech, ed tech, and food delivery industry these companies are expected to see their business flourish with the augmentation and acceptance of the internet ecosystem in India. However, so far none of these companies have initiated any proceedings with the market regulator that could hint that they are seeking to be listed on bourses.

Flipkart

The leading e-commerce website in India is valued at $25 billion, according to the last round of funding which was in July this year. Backed by US-Retail giant Walmart, Flipkart is battling it out in the e-commerce space with Amazon and now Reliance Jio Mart. “E-Commerce in India has low penetration, but the market is growing rapidly. E-Commerce is expected to grow more than five-fold to US$133 Bn by 2025,” the report noted. Currently e-commerce has a low penetration in India with less than 5% of the market share but the same is pegged to cross 10% by

New HomeKit gear, testing SwitchBot with Shortcuts, plus updates on Andrew’s studio on HomeKit Insider

On this week’s episode of HomeKit Insider, Yale launches their HomeKit Smart Delivery Box, small but useful changes come to iOS 14.2, Stephen details his SwitchBot experience, Andrew has the new Hue gradient lightstrip, plus we get an update on the AppleInsider studio and we answer listener questions.

Yale has now made its Yale Smart Delivery Box and its Yale Smart Cabinet Lock available to order, both of which are of course HomeKit-enabled. Both are for securely holding deliveries, but which one is right for you depends on whether you’re in a house or an apartment — and what other valuables you might want to store.

Then Stephen dives into his experience with the SwitchBot, which makes electrical devices smart by pressing their on button. As Stephen discovers, SwitchBot supports Siri Shortcuts — but only when used with its corresponding hub. Stephen picks up a SwitchBot hub to see how it integrates with Shortcuts as well as HomeKit accessories.

Then Andrew gives us the latest ongoing update on his major new video and audio studio. This time, he’s concentrating on the specifics of how he’s setting up his various HomeKit accessories.

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