startup valuations: Catamaran president Deepak Padaki sees startup valuations falling further
Startups must brace for further down rounds in 2024 as valuations could fall by nearly a third compared with 20-25% now amid a lingering funding winter and an increase in the number of companies looking to raise cash, says Deepak Padaki, president of Infosys founder NR Narayana Murthy’s investment firm, Catamaran Ventures. The family office has backed around 27 private firms including Acko, Udaan, PaperBoat and Elon Musk’s SpaceX. In an interview with ET’s Beena Parmar, Padaki, who joined the company last August, also…