Following Info Edge India (the Naukri group) earlier this year, it seems more web companies are eying the heady Indian bourses which have constantly been hitting new highs over the past five years or so. MakeMyTrip CEO Deep Kalra has told The Financial Express that the company plans to go in for an IPO next year, contrary to their previously stated position that they’re looking to list after 2008. He doesn’t say whether the company is planning to list in an Indian stock exchange or an international one. Shaadi has declined to comment, though there is certainly a case for them to list – they’re competing with Naukri in the classifieds listing space, which is core to their business. Shaadi.com has received funding from WestBridge Capital Partners and Sequoia Capital, while WestBridge, Sequoia and Intel Capital have funded Mauj. Both Shaadi and Mauj are a part of Anupam Mittal’s People Group. VC firms Helion Ventures, Sierra Ventures and SAIF Partners have funded MakeMyTrip.
Naukri CEO Sanjeev Bikhchandani has an interesting take on life after IPO:
“Well actually the benefits of doing a successful IPO far outweigh the occupational hazards. Going public has put us in a different strategic space altogether. We