Is the future bright for the growth of unicorns in India? Prateek Jain answers

economictimes.indiatimes.com:

«See unicorns are a mythical creatures right. But what I would like to say is that we have just seen a large number of tech start-ups going IPO that is a great start right,» says Prateek Jain, The Fundamentum Partnership.What is your outlook about the growth of unicorns in the country? Do you see the future is bright for the growth of unicorns in India? See unicorns are a mythical creatures.

But what I would like to say is that we have just seen a large number of tech start-ups going IPO that is a great start right. After Info Edge we just had a long patch and then we start seeing IndiaMart, Policybazaar so what I think is that we will see a lot more large cap IPO coming out of Indian start-up industry, tech start-up industry and we will just going to add to that list of Zomato, Policybazaar, Info Edge and many more such kind of start-ups.

So absolutely more number of Indian start-ups going IPO.Are there any particular industries you see more IPOs from start-ups? I think we as an industry and we as a country are a large consumption led economy so I think with the digital rails of distribution now coming with ONDC and all that is going to be a large segment for Indian start-ups to kind of the profit pool to target. Other than that I think fintech because obviously financial services is about 38-40% of the Indian market cap and I think fintech will take over that financial services market using technology reaching to the larger audience.

So I think these two sectors I am very excited about. One is the consumption economy of this country and the financial services industry which will with technology it will perhaps go further deeper into the Indian masses, so those are the areas where I think a lot of IPOs will happen.What