Middling startups struggling with growth that don’t have a clear path to profitability or aren’t making much progress are being sold at discounts of 30-40%, said the president of Catamaran Ventures, one of the largest private investors in the country
The family office of tech billionaire
Narayana Murthy
is growing cautious on
startups in India
, pointing to steep discounts driven by funds that need to exit their investments.
Middling startups struggling with growth that don’t have a clear path to profitability or aren’t making much progress are being sold at discounts of 30-40%, Deepak Padaki, president of Catamaran Ventures said in an interview.