Indian startups turn to IPOs at modest valuations amid growth capital crunch

Indian startups turn to IPOs at modest valuations amid growth capital crunch

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo

A shortage of growth capital is driving Indian startups to the bourses, with some of them even pricing their initial public offers lower than their last funding rounds in order to woo investors.

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