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From Zomato’s IPO to Delhivery’s fundraise to Paytm’s DRHP — These were the biggest developments this week

Kritti BhallaJul 17, 2021, 13:18 IST

Zomato’s IPO was oversubscribed by 38 times.
Paytm and Mobikwik have filed for their IPO.
FedEx made its first strategic investment in India.

The Indian startup ecosystem is going through a watershed moment, with the thirteen-year-old Zomato hitting the public market this week. The company’s shares were oversubscribed by a whopping 38 times, with investors pitching to buy 2,751 crore shares in the company.

Even before Zomato could close its public issue, there were two other startups that had formally started the IPO process -- Mobikwik and Paytm have filed their draft red herring prospectus (DRHP) with market regulators Securities and Exchange Board of India (SEBI).

This week was filled with major announcements like these. Take a look:

Zomato hits the public markets, oversubscribed by 38 times

BCCL

Paytm files draft paper for India’s biggest IPO

BCCL

Flipkart valued at $37.6 billion, after $3.6 billion

Business Insider

Ola Electric raises $100 million debt, days after Ola’s half a billion round

Ola

Mobikwik files for ₹1,900 crore IPO

BCCL

Swiggy gets new cofounder; CCI approves investment from SoftBank

BCCL

Lending startup Credit Fair raises $15 million in seed round

OYO raises $660 million debt from investor to clear off past debts

BCCL

From Swiggy and Zomato to Ola and Delhivery — these startups have seen their co-founders exit for their next adventure