Electric vehicle maker Ather Energy is targeting a valuation of $2.4 billion for its IPO. This valuation will be up more than 80% from its last funding round in August.
Hero motocorp is the biggest investor in Ather.
Cred is in talks to raise $75 million from existing investors, including GIC, RTP Global, and Sofina, at a valuation of $3.5 billion, which is a significant decrease from its previous valuation of $6.4 billion.
Finally, Groww has also submitted its IPO documents to SEBI. In a few months, the updated DRHP will be released for the public as well. Another new age company is bringing its IPO, and its valuation will also be worth watching.
India at 2035:
- GDP: $4T to $10T
- Per capita: $2.5K to $6K
- Discretionary spending: $3K
- Stock Market capitalization: $10T
- Annual Infra creation: $250B to $600B
Which sectors to ride India story?