Covid-19 impact: Indian startups deferring IPO plans, cutting investment round sizes

“Globally (and in India) investors have almost shut their doors to new tech bets, especially for any rounds higher than $30-$50 million… In emerging markets like India, we expect that prices will continue to be low for at least a year... we’d rather let the markets stabilize and winners play out,” said a top tier fund partner based in the United States.

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