Internet IPOs: How long before the Unicorn startups show up?

Besides concerns of the market's capacity, firms are sceptical of how public market investors, lured by steady profits and dividends, will value internet businesses

Startup IPOs are coming, or so it may seem from the public admissions of Freshworks, Delhivery, Ola, Oyo, PolicyBazaar, PepperFry and Quikr— “unicorns” that have built large-scale businesses over the internet.

Some of these will probably list, but the sentiment for broader internet IPOs in India is divided, according to half a dozen experts interviewed, past trends, global sentiment, and investor appetite.

The biggest hold-up is, as one executive puts it, “why do you need to IPO at all?”

Currently, the Indian startup space is plush with private capital. Billion-dollar rounds are no longer a rarity, public investors like pension