Chanchani: Startups over $100M are strictly priced on public market metrics
Kashyap Chanchani · Is Quick Commerce Future Of Retail & India's IPO Market- Investment Banker Explains on The Neon Show · Apr 19, 2024 · at 11:39
Kashyap Chanchani, founder of Rainmaker Group, explains the shift in growth-stage VC underwriting in India following public market tech corrections.
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“Today, anywhere between say, you know, 20, 23 to right now, and maybe for the foreseeable future as well. Any company, any startup that is being valued at more than a hundred million dollars. I mean, forget about, you know, our unicorns. They are all being valued from the public market barometer. In the sense that A, Will this company be able to go public? Right? Number two when these companies go public what are the kind of multiples that it will trade at? And if as a growth investor, I've got complete clarity around these two aspects of a company is only when I'm parting with my money.”
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