SoftBank’s poor earnings may hit Indian unicorns: Valuation of startups may be impacted

Japanese tech investor SoftBank’s mediocre June quarter results, which saw the conglomerate mark down fair valuations of more than 280 of its portfolio companies, may set a more profound precedent for Indian fund managers and venture capitalists (VCs). Start-up investors and investment bankers that FE spoke with said that Indian unicorn founders and their lead investors will have to consider taking a hit in valuations in future deals since many public market peers have already witnessed massive valuation corrections.