Indian Startups Face Valuation Cuts Ahead of IPO Push

Clutching my coffee and scrolling through my phone, I couldn’t help but notice the buzz around Indian startups. The once-thriving startups, including giants like Ola Electric and FirstCry, are now facing significant valuation cuts as they gear up for their initial public offerings (IPOs). But what’s causing this sudden dip in record-breaking valuations? Let’s take a closer look and unpack this situation.

Valuation Cuts: The Numbers

It’s a tough time for Indian startups, with some big names seeing significant drops in their valuations. Let’s dive into the details:

• Ola Electric’s Valuation Slashed by 40%:
• In 2022, Ola Electric was valued at a whooping $4.2 billion.
• Recently, this valuation has been cut down by 40%, bringing it to around $2.5 billion.
• FirstCry’s Valuation Cut by 30%:
• FirstCry was valued at $3.5 billion.
• Now, its valuation has taken a 30% hit, reducing it to approximately $2.5 billion.

Reasons Behind the Valuation Cuts

Wondering why these valuation cuts are happening? Here are some insights:

1. Global Economic Uncertainty: