Only 3 unicorns added in 2023; capital woes hurting startups
The overall figure of unicorns reduced to 83 from 84
valuation
June 2023
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December 2021
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September 2020
Valuations a tricky game, don't get carried away: Gururaj Deshpande
Every time there's a bubble, right now it is AI, it's, usually, a graveyard along the way as a lot of companies will not make it, says Deshpande.
Aurum buys Ratan Tata-backed NestAway at 95% valuation cut
NestAway, which has raised $110 million in funding, was valued at $220 million in 2019.
Fintech startup FPL Technologies bags $75 million funding at $750 million valuation
The fundraise was led by its existing investor QED Investors along with GIC Singapore, Janchor, Sequoia Capital India, Matrix Partners India and Hummingbird Ventures.
Why L&T Mutual Fund's sale fetched low valuation
Market sources indicate stagnant AUM, poor performance in most of the equity schemes and an AUM composition tilting towards low-valuation fetching debt funds as major reasons
Postman raises $225 mn at a $5.6 bn valuation
The SaaS unicorn—whose co-founders are part of Fortune India’s 40 Under 40 list this year—has more than doubled its valuation in a little over a year.
Covid-19’s second wave stings equity markets
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
FY21: A bumper fiscal for the bourses
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
It’s Tata v Mistry on the bourses
The two listed stocks of Shapoorji Pallonji Group jumped on the bourses after the Mistry family said it was considering severing ties with the Tata group.
