### Indian Startup News Roundup: Paytm IPO, Policybazaar Listing, Droom IPO, Chalo Acquisition, and Funding News
This week in Indian startup news, a series of major events have shaken up the Indian startup ecosystem. Paytm, India’s biggest ever IPO, faced a disappointing debut on the stock markets, with their stock price falling over 25% on the first day. On the other hand, Policybazaar’s successful listing on the markets made their investors 17.35% richer. Droom, an online marketplace for selling automobiles, has also filed for an IPO.
In other news, Chalo, an app digitizing bus operations, is reportedly in talks to acquire Vogo, a scooter rental startup. Additionally, Mensa Brands has raised $135 million, making them India’s fastest unicorn, and a number of other companies such as Velocity, Wingreens Farms, and GoKwik have also raised significant funding.
#### Paytm’s IPO Flop and Policybazaar’s Success
The highly-anticipated listing of Paytm on the stock markets resulted in a major setback for the company as their stock fell more than 25% on the first day, while Policybazaar’s successful listing made their investors 17.35% richer. The contrasting fate of these two major Indian startups has created ripples in the market and raised concerns about the viability of mega IPOs in the Indian context. [source](https://www.moneycontrol.com/news/opinion/paytms-dud-ipo-will-policybazaars-success-bring-back-the-cheer-7590261.html)
#### Droom’s IPO and Chalo’s Acquisition Talks
Droom, an online marketplace for selling automobiles, has decided to file for an IPO and aims to raise Rs 3000 crore. However, given the current market sentiment, things don’t look promising for Droom. Meanwhile, Chalo, an app that digitizes bus operations, is reportedly in talks to acquire scooter rental startup Vogo. [source](https://www.livemint.com/companies/news/droom-files-for-ipo-to-raise-rs-3-000-crore-report-11636566362245.html)
#### Mensa Brands, Velocity, Wingreens Farms, and GoKwik’s Funding Rounds
Mensa Brands, a Thrasio-style house of brands, has raised $135 million, making them India’s fastest unicorn. Velocity, a revenue-based financing platform, has raised $20 million to offer alternative financing models to e-commerce companies. Additionally, healthy snacks brand Wingreens Farms has raised $17 million, and e-commerce enablement platform GoKwik has raised $15 million. [source](https://economictimes.indiatimes.com/tech/startups/funding-funding-windfall-for-indias-startups-during-lockdown/articleshow/87875390.cms)
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News Resources
Paytm: India’s biggest ever IPO flops on listing day: https://www.moneycontrol.com/news/business/ipo/paytm-operator-one97-communications-sees-a-tepid-debut-stock-opens-at-rs-1950-7733641.html
Policybazaar’s successful listing on the stock markets: https://economictimes.indiatimes.com/tech/startups/policybazaar-shares-surge-17-35-over-ipo-price-on-listing-market-cap-at-rs-51692-48-crore/articleshow/87708928.cms
https://www.business-standard.com/article/companies/policybazaar-ipo-minted-70-millionaires-over-350-crorepatis-yahish-dahiya-121111501392_1.html
https://economictimes.indiatimes.com/tech/startups/policybazaar-the-most-valuable-insurance-bazaar-in-the-world/articleshow/87729650.cms
https://www.cnbctv18.com/business/entrepreneurship-business/policybazaarcom-enters-insurance-broking-with-15-offline-stores-9781421.htm
Droom files for an IPO: https://www.businessinsider.in/business/startups/news/droom-files-for-3000-crore-ipo-the-online-car-dealer-wants-400-crore-for-acquisitions/articleshow/87664165.cms
https://www.sebi.gov.in/filings/public-issues/nov-2021/droom-technology-limited_53946.html
Chalo in talks to acquire Vogo: https://entrackr.com/2021/11/exclusive-chalo-in-talks-to-acquire-ola-backed-vogo/
https://economictimes.indiatimes.com/tech/funding/vogo-lands-11-5-million-from-existing-investors/articleshow/81084215.cms
https://economictimes.indiatimes.com/tech/startups/vogo-claims-profit-in-hyderabad-bengaluru-in-three-months-time/articleshow/85941430.cms
Mensa Brands raises $135 million – becomes India’s fastest unicorn: https://economictimes.indiatimes.com/tech/funding/mensa-brands-turns-unicorn-within-six-months-of-launch/articleshow/87733523.cms
https://techcrunch.com/2021/11/16/india-mensa-a-house-of-d2c-brands-becomes-unicorn-in-just-six-months/
Velocity raises $20 million: https://economictimes.indiatimes.com/tech/funding/velocity-in-bags-20-million-in-funding-led-by-peter-thiels-valar-ventures/articleshow/87747949.cms
https://techcrunch.com/2021/11/16/velocity-a-revenue-based-financing-platform-raises-20-million-led-by-peter-thiel-valar-ventures/
Wingreens Farms raises $17 million: https://www.moneycontrol.com/news/business/wingreens-raises-rs-124-crore-from-investcorp-omidyar-7720331.html
https://www.livemint.com/companies/news/wingreens-farms-raises-17-mn-in-funding-led-by-investcorp-11636975865632.html
GoKwik raises $15 million: https://economictimes.indiatimes.com/tech/funding/gokwik-raises-15-milion-series-a-from-sequoia-matrix/articleshow/87753516.cms
What's the fastest unicorn in the world then?
I would never invest in paytm
U make great videos
Paytm is currently facing a very stiff competition from Phonepe, googlepay, amazonpay…
All it`s compepetitors are giving huge benefits and perks to customers whereas paytm is just focused on increasing their reach over a large population…recently they launched a speaker device in stores for convonient payments by blind people too..which is a very great step but it is too early for paytm to launch this kind of platform….
And I think this aspect of unchecked competition by paytm made it weak…
@BWM team – please make a video on all D2C companies similar to Mensa Brands
When "BWM" will Become a Unicorn ?
Paytm seems to be like Yahoo
One thing I won't understand – people disliking this video (maybe let us know in comments when you dislike the content)
Please make a video on Latent View Analytics 🙏
best content ever! 💯
Want video about mobile startup in india
Great content
Mensa is at a big disadvantage as they are not present in major Amazon markets- US, Germany, Japan, UK. So economies of scale is really small in India
you are so unique!
List it on market
Great content!!
The new presentation is looking awesome…😊👍
Bro , i have IPO stocks …i will be going to hold them for medium term i.e. 2/3 years.
Awsome COntent Caleb And Team…..
Is Velocity just like Ycombinator?
Not much interesting news this week 😢
Thanks
8:35
This channel survives on indian's worshipping whites!
India add 36 new unicorn in 2021
Unbelievable 👀👀🔥
start also covering Pakistani and Bangladeshi startups…..will be a good for south Asian startup ecosystem
thanks
Funny 6:41, Shuttl had Shut in it.
Never went for paytm ipo, nor will I buy their stocks until they're profitable
II got the paytm IPO, but I did it for the long term, I had no idea they were so over valued. but nevertheless I will hold on to one97 stock and hope to see it grow back 🙂
Nice vid.
Any contact details.. Like email etc.. for collaboration n promotion
Droom : No
Caleb, In which space do you think we can find more unicorns in 2022 ?, can we reach the same number of unicorns next year
😊👍
Any gaming/esports based company
Can you sell your previously bought cyptocurrencies in vault ?
More videos on start-ups that went international
why are foreigners taking soo much of intrest in India?