The possibility of a Zoho IPO has often been a subject of speculation in business circles. However, the company’s co-founder and CEO, Sridhar Vembu, has once again made it clear that the software major is not in a rush to list on the stock markets.

In a recent post on X, Vembu said that some of Zoho’s key projects, such as its messaging app Arattai, would have never been built under the financial pressures faced by public companies.

“Arattai would very likely not have been built by a public company that faces quarter to quarter financial pressure. It was a ‘hopelessly foolish’ project, and even our employees had expressed scepticism that Arattai would ever gain any traction,” he wrote.

Vembu stressed that the decision to develop such products was driven by a belief that India needs to b

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