“We don’t expect a turnaround anytime soon,” this person said in the FT report. So if a company is raising early-stage $50-$150 million, and you have to write $20 million cheques, there is a lot of crowd willing to do that. In India, new-age companies like Zomato, Nykaa, Paytm and others are trading much lower than their listing prices. Paytm, the wort hit among the lot, lost around 75% of its value since its IPO listing. The cautious sentiment is expected to reflect in private funding deals here.

Source: Economic Times April 01, 2022 00:30 UTC