The process and preparation for IPO, with Tracxn founders Neha Singh and Abhishek Goyal
Description
In 2021, 125 Indian companies raised over $18 Bn through initial public offerings (IPO) in public markets.
Out of $18 Bn, over $7.3 Bn was raised by 11 Indian Tech Startups from Nazara to MapmyIndia.
In today’s episode, we talk with Abhishek Goyal & Neha Singh, Co-founders, Tracxn, which recently went IPO.
But unlike the other major tech startups which went IPO in recent years, at Tracxn, they decided to go IPO at a probably early stage, considering their ARR of $10 Mn.
During the episode, they share there view point on why they chose to do it on an initial ARR rather than going IPO, once they’ve grown big enough and more.
Notes -
00:37 - Intro to Tracxn
01:27 - Feeling of going IPO
02:27 - Preparing for an IPO
05:06 - Splitting the roles within team to be prepared from Day 1
05:41 - Documents which they had to submit to SEBI or any other regulator for the DRHP
06:46 - Trendsetter by going public at $10 Mn ARR
08:44 - Convincing VCs for going IPO-early
11:33 - Mentors from whom they took advice for going public
12:59 - Is it possible to time the market for IPO?
14:58 - Raising an Anchor allocation Pre-IPO
16:17 - Most stressful part of going IPO: Market Uncertainty
18:34 - Rollercoaster set of emotions they went through
22:24 - Moments of giving up during the whole process
24:16 - How to prepare mentally before entering the IPO-process?
24:33 - Zoho Sponsored – Prashant Ganti on Where do founders struggle with Payroll and how can they fix it?
26:01 - IPO-Checklist and learnings
31:26 - What does it requires for tech companies to go public?
35:03 - Playbook where companies can go public and build in long-term
35:54 - Founder aspiration beyond becoming Unicorn
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