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2024

Early Investors to Gain Big as FirstCry and Ola Electric Go Public

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Investors in FirstCry, Ola Electric, and Unicommerce experienced substantial gains when these startups went public. Early stakeholders, including SoftBank and Mahindra & Mahindra, saw returns between three and ten times their original investments. However, late investors in FirstCry and Ola Electric faced notional losses due to lower-than-expected IPO valuations.