The only pure play internet IPO till date has been Infoedge which owns internet properties like Naukri.com, JeevanSaathi.com, 99acres.com and now Brijj.com. We had written about the IPO and its subsequent success here and here.
Now its seems two more companies are heading the IPO way. One is the first mover in the travel space i.e. Makemytrip.com which recently was reported in financial express to be planning an IPO for 2008. Makemytrip CEO Deep Kalra had this to say "IPO is a question of scale. One should have at least Rs 100 crore in commissions. Last year, we had Rs 40 crore and are targeting Rs 100 crore this year. So we are planning to go for an initial public offer next year,"
On the other hand the first mover in the matrimony space Shaadi.com has expressed its interest in going for an IPO by 2009. This article states that People Interactive which owns the internet properties Shaadi.com, Fropper.com and the newly launched Makaan.com is looking at going public by 2009. The article also states that till date the internet businesses of People Interactive has raised $18 million (Rs74.16 crore) in venture funding from Sequoia Capital India. Also about two-thirds of the group’s combined revenues come from the net business, while one third comes from its mobile VAS business i.e Mauj.com.
Looking at these companies go IPO one can say that the first boom of internet brought two sectors in the limelight. first being the classified space led by jobs and matrimony and second being the travel/ticketing space.
Here’s hoping the second coming of the internet also sees some more ipo’s in the next 3-5 years.