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‘India to see next set of IPO-bound firms in niche sectors from tier-II markets’

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‘India to see next set of IPO-bound firms in niche sectors from tier-II markets’

India's upcoming IPOs are expected to come from tier-II markets and niche sub-sectors, according to venture capital investor Apoorva Ranjan Sharma. He believes that startups in smaller towns are often overlooked due to lack of resources and awareness, and aims to provide mentorship until they reach a valuation of $100 million. Sharma also anticipates that the next wave of unicorns will emerge from various sub-sectors, driving India's goal of becoming a $7 trillion economy by 2030. He is evaluating a secondaries fund to capture opportunities in pre-IPO and late-stage companies. Additionally, Sharma highlights the potential for specialized funds to accelerate growth in sectors like fintech, SaaS, and property tech.

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