SEBI modified its guidelines, to permit start-ups to list on Indian bourses. This decision was welcomed, as, as in the absence of this change, we risked exporting our market.
Following this change in regulations, start-ups have begun accessing the domestic markets. As most of the companies, do have not historically been making profits, the markets have grappled with how to value these. While valuations are the starting point, the voting on resolutions suggests that public markets and private markets have different calibrations and different benchmarks. How do public markets approach start-ups? What are the disclosures they want to see?
This CIO session discussed these and related issues with asset managers, sell-side analysts, and bankers sharing their perspectives.
This CIO Dialogue on Start-up valuations was held virtually on 23 March 2022. It was moderated by Hetal Dalal.
To read the report click here