Devalued startups. How are you doing?
Lately many of the startups faced valuation cuts. Baron Capital cut Swiggy by 40%, Blackrock and Pepsis cut Byju’s by 70%, SoftBank cut Oyo by 70%. Just to name a few. Everything about Byju’s is very much present here on grapevine. I’m curious to know about others, not limited to the ones named above. How’s your organization doing these days?
Probably, there is no VC-funded unicorn in India that is likely to stand the test of its private valuation in a public market
https://www.livemint.com/companies/start-ups/the-era-of-easy-money-unpacking-the-nuances-of-india-s-startup-ecosystem-and-the-challenges-ahead-for-unicorns/amp-11688057748187.html
