India's start-ups fire up public markets amid valuation concerns

On November 12, 2025, India's start-ups made headlines by actively engaging with public markets, a move that has sparked discussions about the sustainability of their valuations. While the influx of capital is a positive sign for the ecosystem, it also raises uncomfortable questions regarding whether these valuations are justified. This duality reflects a broader trend in the Indian start-up landscape, where the maturation of the ecosystem is becoming evident. As start-ups navigate these challenges, they are not only seeking to attract investment but also to establish themselves as viable players in a competitive market. The ongoing evolution of this sector is crucial for India's economic growth, as it signals a shift towards a more robust and resilient entrepreneurial environment.