We are seeing a great reset; IPO activity down to two-decade low: Flipkart CEO

It is of no surprise that the global economy is seeing tumultuous times. Kalyan Krishnamurthy, CEO of Flipkart, sees a big reset happening.

From plummeting revenue multiples on the NASDAQ to a fall in IPOs, no category has been spared, he said. “New IPOs have fallen to a two-decade low. In H1 of 2021, there were 100 IPOs. If you just look at the previous three years of H1 on average, there were 33 IPOs at least. However, in the first six months of this year, there were only five IPOs,” he said, while giving the keynote address at India Internet Day by TiE Delhi-NCR.