Venture capitalists to launch Special Purpose Acquisition Company (SPAC) to help Indian startups with US listing
VC investors from Elevation Capital and Think Investments would jointly launch the SPAC
Special Purpose Acquisition Companies are alternatives startups consider for overseas listing
SPAC launches an IPO with specific investment criteria and merges/ acquires companies that fit those criteria
This will let startups skip the normal IPO procedures for listing
Startups like Flipkart and Grofers are looking to use this option to get listed in the US
