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Indian Startup Valuations Face Harsh Reckoning: From Unicorn to Distress Sale | Lavamgam

Business

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Indian Startup Valuations Face Harsh Reckoning: From Unicorn to Distress Sale

The IPO market shows resilience amid the correction. ESDS Software Solution's IPO was subscribed 8X on Day 2, with the NII portion booked 22X, demonstrating strong retail and high-net-worth appetite for profitable tech companies. Meanwhile, early-stage funding continues with Jagdish Farshan raising Rs 43.5 Cr in Series A and YOGa Clean Air securing Rs 20 Cr, proving that disciplined, niche-focused startups can still attract capital.