IndiaMart raised only two institutional rounds prior to its IPO
Ganesh Rengaswamy · Ganesh Rengaswamy, Quona Capital, on the growth of Digital Lending and Neo Banking in India · Jun 14, 2020 · at 19:05
Ganesh Rengaswamy, co-founder of Quona Capital, discusses portfolio company IndiaMart's capital discipline leading up to its public listing.
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“They only raised two rounds of capital institutional capital over the life cycle of the company. I mean, the series A was almost a little over 10 years ago, and the series B was a little over four years ago, which is what, you know, we co-led.”
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