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Indian Social App, Friends Plans to Launch IPO by 2024



Technology has always been a game-changer for any country. Since the time of the industrial revolution, every nation has tried to contribute its best to bring new technologies to life. However, in the last couple of decades, we have seen extensive growth in Indian technology. In India, the technology start-up ecosystem is flourishing like never before. Being on a growth trajectory, the ‘Made in India’ initiative has helped in rapid digitalization and tech adoption for the country. We saw a massive rise in mobile apps and software as we emerged from the pandemic.

Today, India is in its best time of development for home-grown apps. India has been a boom in the tech initial public offering (IPO) this year. Traditionally, IPOs were considered as a benchmark of maturity about the company going public. However, in the yesteryears, the market regulations eased, and an IPO aspirant making a profit for at least three years could take the market route. 

It all began with Zomato when it was welcomed to the bourses by investors. The growing food delivery app company became the nation’s first unicorn to make a stock-market debut. The app’s success was followed by a flurry of IPO-aiming Indian start-ups, launching their IPOs. From Policy Bazaar to Nykaa, MobiKwik, and Paytm, many Indian start-ups are taking a step ahead to launch IPO.

Friends: Lets You Socialize by Making Short Videos

With the downfall of ByteDance owned TikTok, India was missing a short-video application lately. We all know we are living in a digital era, where content creation has the brightest future. Many content creators are creating and posting short video content on various social media applications. One app that emerged significantly in this period is the ‘Friends’.

An authentic ‘Made in India’ mobile app, ‘Friends’ has attracted a lot of young audiences. The Founder, Mrityunjay Patil, says, “Friends is designed to meet the demands of all forms of networking. The simple interface and functionality of the app have the potential to bring the revolution that the social networking awaits.”

The future plans of Friends

The Friends was launched in the year 2020 by Mrityunjay Patil and his team of professionals. The app was designed as a part of the ‘Made in India’ initiative of the government. The Founder, Mrityunjay Patil, has prior experience of working in IT giants like TCS, Accenture, and UHG in the past.

Friends plans to launch its IPO in the year 2024. The app has expanded from a local audience to global users. The emerging application was launched in 2020 and has already crossed its milestone of 25 thousand plus downloads, with more than 10,000 active users. 

The short video-sharing app has an average rating of 4.7 out of 5. Moreover, the Friends supports ten regional languages that help creators reach their targeted regional audience. With a great response from the audience, the Friends is confident about its growth in the coming years. The application has been able to carve out a niche for itself through extra focus in helping people connect with their friends.