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Investors sold Rs 13,300 crore of shares through block deals across seven Indian startups over the past month, revealing the discrepancy between headline valuations and eventual returns. Early backers dominated with significant returns, while late-stage deals have produced mixed results. Groww, Meesho and Lenskart saw gains of 96%, 88% and 61% respectively, while PhysicsWallah only increased by 16%.
Uber, Eternal and Porter have left the Karnataka Platform-Based Gig Workers Welfare Board, citing disagreement with the statute they are challenging in court. The Karnataka government is searching for replacements for the vacated seats.
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