Major investors that participated in Indian IPOs this year include Japan’s SoftBank, International Finance Corp., Singapore’s Temasek Holdings, Prosus NV, and Y Combinator. Venture capital and growth fund Peak XV Partners sold shares worth nearly 2,700 crore through the IPOs of its portfolio companies such as Pine Labs Ltd, Meesho Ltd, Wakefit Innovations Ltd, and Groww’s parent Billionbrains Garage Ventures Ltd.
PE/VC stake sales in Indian IPOs hit four-year high even as their market share shrinks to a decade low
