10,029.10-32.45
Stock Analysis, IPO, Mutual Funds, Bonds & More

Startups should be allowed to list outside: Rajan Anandan

There are at least 10 to 20 companies which are ready to get listed if the government enables this, the Sequoia MD said.

ET Bureau|
Last Updated: Dec 17, 2019, 08.42 AM IST
0Comments
rajan-anandan-bccl
Rajan Anandan also lauded startups for generating employment within the country. Between Ola, Uber, Swiggy and Zomato, 2.5 million Indians have been employed, he said.
Mumbai: The government should allow Indian startups to list outside the country where there is a better understanding of the startups economics, said Sequoia India MD Rajan Anandan.

"Nasdaq, today, is a better place to list a high-growth tech startup with strong unit economics but which is still investing in growth," Anandan said while speaking at the Times Network India Economic Conclave here on Monday.

He further clarified that the industry is not asking for dual listing, wherein they list in India as well as overseas, but rather direct listing on exchanges like the Nasdaq (a New York based stock exchange) or NYSE (New York Stock Exchange), where there is enough interest to invest in such companies.

There are at least 10 to 20 companies which are ready to get listed if the government enables this, the Sequoia MD said.

Speaking about the global reach of Indian startups, he said that instead of building in India for India, startups are now building in India for the world. "Many startups want to be global from Day 0," he said, mentioning some Indian startups operating abroad like Ola and Oyo.

He also lauded startups for generating employment within the country. Between Ola, Uber, Swiggy and Zomato, 2.5 million Indians have been employed, he said.

Also Read

Thousands of India’s startups face an existential crisis: Rajan Anandan, MD, Sequoia Capital India

Two traits that Rajan Anandan looks for while investing in start-ups

Rajan Anandan says wife Radhika Chopra inspires 14-year-old daughter more than he does

Focused founders, improved funding: Indian start-up ecosystem 2.0 impresses Rajan Anandan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service