According to a report by Moneycontrol, Salil Parekh, Chief Executive Officer of Infosys said on 14th July that along with giving a boost to technology business and innovation which is coming out of India, the success of internet initial public offerings like Zomato is incredible.
During the announcement of the company’s first-quarter results, commenting on the Internet initial public offerings in the nation, Parekh said that although many of these companies are based on technology, it is incredible to see the success of and also the way they leverage it in the digital ecosystem.
By wishing them the best of luck in what they were building, he also mentioned that it was impressive to witness what these companies are crafting.
As the offer has been oversubscribed on the first day of the bidding process itself, Parekh’s comment comes on the day of Zomato successful initial public offer. For a public listing in India apart from Zomato, Mobikwik, Nykaa, Delhivery, Paytm and Policybazaar also firming up plans.
Mentioning that high-risk capital is pretty good news while also being a sign of maturity of the Indian capital market, the upcoming internet IPO in India was welcomed by TCS chief executive officer, Rajesh Gopinathan in the previous week.
Gopinathan father added by stating that leading to a significant positive impact, as it will feed innovative capacity in the ecosystem, the fact that it is available is very good news although it is a high-risk capital.