Page 27 - Pine Labs News Today

Fintech companies that offer B2B payments solutions are likely to face stricter rules for capitalisation norms and mandatory KYC requirements

At least five investors have slashed the valuation of their stakes in Indian startups including BYJU's, Pharmeasy, Ola and Pine Labs.

The saga of valuation cuts continues as Swiggy now seems to have suffered its third markdown by an investor in the past 7 months.

Baron Capital, under its Baron Emerging Markets Fund, holds close to 0.75% stake in Swiggy. The markdown comes just weeks after Invesco cut the food delivery firm's valuation.

This development comes a week after US-based investment firm Invesco has slashed foodtech giant Swiggy’s valuation to about $5.5 billion.

US investor Janus Henderson has cut PharmEasy's valuation to $2.8 billion. The e-pharmacy is looking to raise money after reaching operational profitability

Janus Henderson reduced the valuation of its holding in the firm by half which translates into an approximate valuation of $2.8 billion as of December 31, 2022.

Indian unicorns have been witnessing a flurry of valuation markdown in the past few months. Here's explaining what's at the core of it.

PharmEasy has received another valuation cut as its investor Janus Henderson has reportedly slashed its valuation to about $2.8 Bn.

Baron Capital holds about 0.7 percent stake in Swiggy and its fair value estimate implies a $7.3 billion valuation for the foodtech unicorn.