Nearly two-thirds (65 per cent) of investors believe that there will be a spate of initial public offerings (IPOs) by Indian startups in 2021-22 across stock exchanges, according to a survey by venture capital fund 100X.VC. The ‘India Sentiment Outlook Survey’ said 19 per cent of them also held the opposing view while 16 per cent were unsure.
The survey is based on a sample size of 275 founders from diverse sectors and 77 investors who primarily engaged in early-stage ventures.
V-shaped (44 per cent) and U-shaped (42 per cent) recovery were observed by most of the stakeholders