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India's IPO Profitability Reckoning, Zepto's ₹8,010 Cr Filing & Nvidia's Humanoid Bet
Audio is available on Spreaker — see link below.
India's public markets are repricing startups on fundamentals — Zepto's ₹8,010 Cr DRHP and a 24-company pipeline face the stiffest test yet. Plus: Nvidia and Unitree launch a humanoid robot platform, and US export controls on Anthropic spark a sovereign AI scramble.
Audio is available on Spreaker — see link below.
More than twenty-four Indian startups have filed draft red herring prospectuses with SEBI ahead of what's shaping up to be a defining year for Indian tech in public markets. The pipeline is real.
That makes Zepto's revised DRHP the most consequential filing to watch. The quick commerce major is seeking an eight-thousand-and-ten crore rupee fresh issue alongside an OFS of eleven-point-three-five crore shares.
Across the world, a different kind of commercialisation is accelerating. Nvidia and Unitree have launched the Isaac Root humanoid robot reference system, built on a six-foot H2 platform powered by Nvidia's Jetson Thor chip and Isaac GR00T AI models.
Unitree is separately seeking a four-point-two billion yuan raise, roughly six-hundred-and-twenty million dollars, through a Shanghai STAR market listing. More than forty percent of its revenue already comes from outside China.
The US Commerce Department has moved to block foreign national access to Anthropic's latest frontier models, Fable Five and Mythos Five. This isn't a theoretical policy debate anymore.
Three things to track from here. Whether Zepto's DRHP clears the market on acceptable terms, which will set the tone for every unprofitable startup in the Indian pipeline.
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