India’s IPO Boom Cools as Weak Markets Force Issuers to Cut Back
THE SO WHAT
A 20% drop in IPO proceeds and issuers accepting lower valuations in India means late-stage capital is getting more selective—growth stories now need clearer paths to profitability, not just TAM. If you’re operating or investing in India, expect longer private timelines and more structured rounds before public markets reopen at 2023-style multiples.
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