The process and preparation for IPO, with Tracxn founders Neha Singh and Abhishek Goyal

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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