Startup unicorns eyeing IPOs talk tech with India’s top mutual fund firms

More than a dozen domestic institutional investors (DIIs) including the likes of HDFC Mutual Fund, Axis Mutual Fund, Mirae, ICICI Prudential NSE 3.92 %, with $250 billion under management, met with the founders and leadership teams of Indian unicorns Swiggy, Meesho, Unacademy, Lenskart and Acko, among others, all of which are eyeing a possible stock market listing in the next two years.

The two-day meeting, held in Bengaluru and hosted by Japan’s SoftBank and JP Morgan, was aimed at helping the domestic public investment community understand some of the tech businesses and their path ahead. The meeting is significant as it comes at a time when the global tech industry is going through a major correction in both private and public market valuations.