As valuations decline, Indian start ups now planning to get listed on American exchange

Indian start ups are going through a rough phase. And to make sure that funding doesn’t stop, the new age tech companies are enthusiastically eager to get listed on Nasdaq, the American exchange. Indian companies like Make-MyTrip (MMT), Yatra Online and Azure Power are currently trading on it. And now ShopClues, Policy-Bazaar and GirnarSoft are eyeing the same exchange.

The sole reason for this is the drying up of funding and valuations declining. If there’s anything that can save the Indian start ups from a declining valuation is getting listed on Nasdaq, that is home to the stocks of as Microsoft, Intel, Cisco and Amazon.

Most entrepreneurs including Radhika Aggarwal of ShopClues, Alok Bansal of PolicyBazaar and Umesh Hora of GirnarSoft are optimistic about getting listed by this year end.