System of a down round: valuation markdowns hit Indian startups; to affect fundraising, IPO plans

Some of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and employee morale in the entire ecosystem.

Anshuman Das, chief executive of Careernet and Longhouse Consulting, says employees that indexed heavily on stocks in their packages will be unhappy from these developments and there could be “anxiety of the paper money valuation going down”.

Das added that in the short-term startup jobs could become less lucrative compared to corporate but that tide will reverse with the cycle.

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