News Post

Late-stage investing is stuck as Indian companies still at 2021 valuations: SoftBank Vision Fund’s Sumer Juneja

Economic Times

· 10m
placeholder-image

Late-stage Indian startups are maintaining their 2021 valuations, unlike their global counterparts, which have seen significant cuts. This has made investors like SoftBank Vision Fund hesitant to invest in the Indian market. Sumer Juneja, Managing Partner at SoftBank Investment Advisers, stated that many top Indian tech companies are well capitalized and have cut costs, leading to their reluctance to accept lower valuations. The situation is expected to change by next year as valuations soften. Juneja mentioned that consolidation and down rounds would likely increase in 2024, driven by IPOs and companies growing into their valuations.

No Comments yet

Download the medial app to read full posts, comements and news.