Startups aim for over Rs 18,000 crore in D-Sreet dhamaka

A dozen new-age companies that have filed their draft IPO (initial public offering) papers this year will collectively raise over Rs 18,000 crore (more than $2 billion) through fresh issuances of shares, signalling growing confidence in public markets as a fundraising avenue even for mid-to-small startups.

Ecommerce platform Meesho, expected to file its draft prospectus confidentially soon, is targeting Rs 4,250 crore, the largest fresh issue in this cohort.