startup valuations

Around 40% of US-based tech unicorns that have raised capital from venture funds are currently trading at valuations below $1 billion in the secondary markets, according to a blog post by Aileen Lee, cofounder of seed venture capital firm Cowboy Ventures.Lee, who coined the term unicorn for startups valued at $1 billion or more, said more startups are likely to join the club where unicorn valuations will trade lower.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of…

Fintech startups like Groww and AngelOne have emerged as the new go-to destination for mutual fund investors. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Binny Bansal’s ecommerce startup OppDoor■ Catamaran on startup valuations in 2024■ Pay aggregator licence for Tata Pay, DigiOFintechs add 1.3 million new mutual fund SIPs in November Fintechs have emerged as the top distributors of mutual funds, mirroring the success of the likes of Zerodha in the online stock-broking space.Driving the…

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…

It seems the younger a startup is today, the better its fundraising prospects. Recent data from Carta pushes back against the narrative that 2023 has been tough on startups that are not building an AI product. In fact, grouping startups by maturity yields a very different picture. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. Earlier-stage startups are seeing stronger valuations and smaller declines in total capital…

India on Friday announced draft valuation rules for overseas investments into startups under the ‘angel tax’ regime, providing foreign investors greater flexibility in determining the fair market value of unquoted equity shares. The rules released for public feedback offer investors the choice of five valuation methods for determining angel tax incidence under Section 56(2)(vii)(b) of the Income Tax Act 1961, which should help reduce valuation disputes common under the cash flow method and net asset value method allowed…

Mumbai-based online pharmacy PharmEasy’s parent company API Holdings has seen yet another valuation markdown – this time by funds managed by global asset management company Janus Henderson, regulatory filings with the US Securities and Exchange Commission (SEC) showed.The global investor, which picked a stake in PharmEasy in September 2021, has reduced the valuation of its holding in the firm by half, which would translate to an approximate valuation of around $2.8 billion as of December 31, 2022.The filings were made…

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