Indian unicorns diversifying to newer biz segments ahead of mega-IPO plans

Top Indian internet-based companies, including e-commerce firm Flipkart, ed-tech start-up Byju’s, food-delivery company Zomato and ride-hailing firm Ola, are gearing up for initial public offerings (IPOs) in two or three years that are expected to unlock a total valuation of $100 billion for these firms. According to industry insiders and analysts, these firms are focusing on building a path to profitability, diversifying into newer business segments and consulting their finance and legal teams for listing overseas or in India. Walmart-owned Flipkart and PhonePe, the di.....

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