India's IPO Rush: Shiprocket, Spinny, LEAP India, and Battery Smart Prepare to Test Public Markets

₹10,000 Cr vs ₹7,000 Cr — Shiprocket's valuation haircut signals a broader reality check for India's startup unicorns as they pivot from private market glory to public market discipline.

Money Moves

• Shiprocket IPO imminent at ₹7,000 Cr valuation — Ecommerce logistics unicorn expects to launch its ₹2,342 Cr IPO within weeks, accepting a 30% discount to its last private market valuation, a stark reminder that public markets demand profitability, not just...