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Murthy's family office sounds caution on startup valuations

Financial Express Pune

|

August 27, 2025

Catamaran is one of the country's largest private investors, running $1.3 billion for Infosys founder Narayana Murthy

- ADVAIT PALEPU

THE FAMILY OFFICE of Infosys founder Narayana Murthy is growing cautious on startups in India, pointing to steep discounts driven by funds that need to exit their investments.

Middling startups struggling with growth that don't have a clear path to profitability or aren't making much progress are being sold at discounts of 30-40%, Deepak Padaki, president of Catamaran Ventures said in an interview.

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