In this episode of the EY India Insights podcast, we explore the evolving dynamics of secondary transactions in Indian start-ups and how they are reshaping valuation benchmarks in the ecosystem.

Navin Vohra, Leader, Valuation, Modeling and Economics, EY India, shares perspectives on the shifting landscape, challenging the long-held view that secondary transactions are typically priced at a discount. The conversation highlights how, increasingly, secondary deals are aligning with primary valuations—signaling growing investor confidence, stronger demand in high‑growth ventures, and a maturing market environment.

Key takeaways:

• Secondary transactions in Indian start-ups are increasingly aligned  ...