<ul><li>Star Health and Allied Insurance IPO has not been fully subscribed till the last day of the IPO and hence the issue has been extended till 7 p.m.</li><li>The IPO has been subscribed 79% as of 4 p.m., on December 2</li><li>The health insurer is looking to raise ₹7,249 crore through the public issue of shares.</li><li>The grey market premium of the company’s shares stood at ₹15 over the upper price band of ₹900.</li></ul>Rakesh Jhunjhunwala-backed Star Health and Allied Insurance initial public offering (IPO) has received a not-so-good response from investors in the three days of IPO bidding process. The issue has only been subscribed 79% as of 4 p.m., on December 2. Following this, the issue has been extended till 7 p.m., on December 2, for retail and eligible employees. For non-institutional investors the deadline has been extended till 6 p.m. Note that the IPO bidding time is usually from 10 a.m. to 5 p.m. The poor demand for the health insurer’s IPO is because analysts feel that the IPO is overvalued. Non-institutional investors and employees of the company have given a huge miss to the IPO as seen in the subscription figures. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.03 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.18 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.08 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.08 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.79 times </td></tr></tbody></table> Most mutual funds also avoided the IPO in the anchor allotment round as <a href="https://economictimes.indiatimes.com/mf/mf-news/mfs-give-star-health-ipo-a-miss-on-pricey-valuations/articleshow/88019603.cms">reportedly </a>the valuations seemed too expensive. The IPO received bids for 3.5 crore equity shares as against 4.4 crore shares available for subscription. In line with the weak subscription status, shares of the company are demanding a premium of just ₹15 in the grey market. The IPO consists of a fresh issue of shares worth ₹2,000 crore and an offer for sale of 5.83 crore shares by existing promoters and shareholders. <div type="image" title="star profit" height="900" width="1200" msid="88053209" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/new-electric-scooter-bounce-infinity-launched-in-india/slidelist/88050215.cms">Bounce Infinity electric scooter launched — Here are the details on price, range, subsidies and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/sbis-former-chairperson-rajnish-kumar-joins-oyos-board-ahead-of-ipo/articleshow/88052541.cms">SBI’s former chairperson Rajnish Kumar joins OYO’s board ahead of IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/whatsapps-grievance-officer-quits-within-six-months-and-facebook-is-looking-for-a-replacement/articleshow/88049265.cms">EXCLUSIVE: WhatsApp’s Grievance Officer in India quits within six months</a>

Star Health Insurance IPO subscribed only 79% on last day; issue extended till 7 p.m.

<ul class="summary-list"><li>For an iconic European getaway, <keyword id="11896367" type="UNKNOWN" weightage="60" keywordseo="paris" source="Orion">Paris</keyword> dazzles with atmospheric, charming neighborhoods.</li><li>Major airlines serve Paris and public transit connects all the arrondissements to the city core.</li></ul>As one of the most-visited cities in the world, Paris is easily accessible from the US and many other large hubs around the world.I've been making the trip regularly myself from my home base in the Northeast in the US for the last 18 years, visiting as often as once or twice a year. Coming from the East Coast of the US, you can expect a direct flight clocking in at around seven hours, while those on the West Coast can usually arrive in under 12 hours, depending on the route.There are two airports that serve the city, as well as a major public transit network. Here's how you can best navigate the city.<h2>Getting to Paris</h2>Paris Charles de Gaulle AirportMost major US carriers and many foreign airline carriers servicing Paris are likely to fly directly into <a href="https://www.parisaeroport.fr/en" target="_blank" rel="nofollow noopener sponsored">Paris Charles de Gaulle Airport</a>. This airport is located northeast of the city's center, so it's easy to grab a taxi or Uber from there. That said, if you want to bypass spending cash on a car, the budget-friendly <a href="https://gowithus.com/airports/paris-charles-de-gaulle-airport-cdg/?utm_source=7407035&amp;utm_medium=CJ&amp;cjevent=2e646530101d11ec835b04200a82b82c&amp;cjdata=MXxOfDB8WXww">Go Airport Shuttle</a> is great, as is riding the RER, a commuter line that services station Aéroport Charles de Gaulle directly from the center. As you exit the airport, look for signs to the <a href="https://www.parisaeroport.fr/en/passengers/access/paris-charles-de-gaulle/public-transport/rer-b">RER B</a> line, and you'll arrive in Paris in about 30 minutes.Orly Airport <a href="https://www.parisaeroport.fr/en/orly-airport" target="_blank" rel="nofollow noopener sponsored">Orly Airport</a> is another great choice, though it has fewer transit options. This airport is slightly south of the city's center, however, there are no direct train lines that stop at the airport, so your best choice to reach your final destination is to grab a taxi, Uber, or shuttle bus. <div type="image" title="A metro sign and a street lamp in Paris." height="1414" width="1885" msid="87611347" hostid="261"></div><h2>Getting around Paris</h2>Once you're ready to explore, here are some easy ways to get around Paris:Paris Métro (Métro de Paris)The metro is an easy, cheap, and culturally immersive way to bounce around Paris. Based on frequency and efficiency, it's also our favorite, especially if most of your travels will be during the day or early evening hours. The Paris metro offers tons of convenient stops — often so close that they're a walkable distance from one another — and only costs about a couple of dollars per ride. You can also purchase a day or multiday pass to save money. App-based car servicesUber is popular in Paris, but it's important to note that Lyft and some of the other US-based alternatives are not available here.TaxisTaxis will probably be the fastest, easiest option for those opting for transport by vehicle. Hailing a taxi isn't difficult in Paris, but it requires some skill. It's best to make sure you're not standing too close to a taxi stand, as you'll likely be ignored. Also, look for a bright light on top of the car; a dimmer light signifies the taxi is occupied.<div type="image" title="A girl riding a Velib bike in Paris." height="1414" width="1885" msid="87611348" hostid="261"></div>MicromobilityFor more fearless folks, you can weave in and out of Paris' chaotic traffic on <a href="https://www.li.me/electric-scooter">Lime</a>, <a href="https://ridedott.com/ride-with-us/paris">Dott</a>, and <a href="https://www.tier.app/">Tier</a> electric scooters, or use the city's bike-sharing program, <a href="https://www.velib-metropole.fr/en_GB/service">Vélib</a>.<a href="https://www.insider.com/everything-you-need-to-know-about-traveling-to-paris-france" target="_blank" rel="noopener">View Insider's comprehensive guide to visiting Paris, France</a>.

6 of the best ways to get to and around Paris, according to experts

<keyword id="3519905" type="General" weightage="20" keywordseo="paytm-ceo" source="Orion">Paytm CEO</keyword> <keyword id="198636" type="General" weightage="20" keywordseo="vijay-shekhar-sharma" source="Orion">Vijay Shekhar Sharma</keyword> has said that macro conditions have affected global fintech companies, including <keyword id="6357120" type="General" weightage="20" keywordseo="paytm" source="Orion">Paytm</keyword>, but the fintech industry will soon bounce back, driven by payments revenue. Speaking at IAMAI's 'India Digital Summit 2022', Sharma said, "We are a payments company and everyone understands it and payment has a derivative revenue line item in financial services and is driven by credit." "The success of Paytm will depend on what we do with monetisation, led by financial services. Payment is a revenue line item which is growing massively," he emphasised on Wednesday. Sharma said that globally, we probably went in at a time (for the public IPO) when QE, free money and many other parameters brought in a little bit of spookiness into the market, in terms of pricing. "Some South American companies are 70 per cent down. Well, that's not the reason for it completely, that's a macro reason," Sharma said. Globally, fintech players and emerging market players saw weak support from the markets as PayPal, Afterpay, Affirm, Square and many others were down almost 30 per cent on an average. Most recently, Grab, the Singapore-based company, made its market debut and is also a 'super app' saw its share price drop by over 20 per cent on listing day. Paytm made a big bang debut in the stock market. The company's $2.5 billion IPO was not just India's largest but also the largest APAC fintech IPO ever and also the second largest fintech IPO of 2021 globally. Overall, <keyword id="8069901" type="General" weightage="20" keywordseo="paytm-ipo" source="Orion">Paytm IPO</keyword> is the fourth largest fintech stock debut. "Paytm, which opened at an offer price of Rs 2,150 braved the markets on a tough day and its share price was also impacted. But Paytm came out stronger than how most other fintech companies fared during the same time," said Dr Ravi Singh, Research Head, Share India. Analysts at JP Morgan, Goldman Sachs and Morgan Stanley have assigned a 'BUY' rating to the Paytm stock with a target price of Rs Rs 1,630-Rs 1,875. The company during its second quarter earnings results showed how its revenue grew by 64 per cent on a yearly basis to Rs 10.9 billion. During the July-September quarter, Paytm saw its contribution profit grow to Rs 2.6 billion in Q2 FY 2022, year-on-year increase of 592 per cent. The contribution margin jumped to 24.0 per cent of revenue from 5.7 per cent the previous year. "Paytm has grown to be a financial services giant, which brings with it more monetizable opportunities. The share price of the company will correct itself as the company grows as has been seen in the market journey of US tech companies like Facebook and Tesla," said Singh. The company in a recent filing said that its lending business saw 4.4 million loan disbursals through the platform (y-o-y growth of 401 per cent), and value of Rs 21.8 billion (run-rate of $1.2 billion) (y-o-y growth of 365 per cent). The company's GMV for Q3 FY 2022 stood at Rs 2,501 billion ($33.6 billion). "Year-to-date GMV is already higher than all of FY 2021 , led by significant non-UPI GMV growth," said the company in its regulatory filing. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/zomato-offers-12-lakh-insurance-grant-to-family-of-delivery-executive-killed-in-a-road-accident/articleshow/88874578.cms" data-type="tilCustomLink">Zomato employees will contribute ₹12 lakh to the family of delivery partner who was killed in a road accident</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-will-deliver-stuff-on-tvs-motors-electric-scooters-following-footsteps-of-zomato-amazon-and-flipkart/articleshow/88872404.cms" data-type="tilCustomLink">Swiggy will deliver stuff on TVS Motors’ electric scooters</a> <a href="https://www.businessinsider.in/tech/enterprise/news/tcs-vs-infosys-vs-wipro-how-indias-three-it-giants-stack-up-against-each-other/slidelist/88860676.cms" data-type="tilCustomLink">TCS vs Infosys vs Wipro Q3 results – here’s how India’s three IT giants stack up against each other</a>

Global market conditions affected Paytm's IPO: Vijay Shekhar Sharma

<ul><li>Bansal has just bought a majority stake in CRIDS and has taken over as CEO. </li><li>He had sold his 5.5% stake for $1 billion in <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>’s sale to Walmart. </li><li>He has gone on to make several <keyword id="6362476" type="UNKNOWN" weightage="20" keywordseo="investments">investments</keyword> in the Indian startup ecosystem.</li></ul>Flipkart founder and former CEO <keyword id="225032" type="PERSON" weightage="20" keywordseo="Sachin-Bansal">Sachin Bansal</keyword> is now back as a CEO again. After months of speculation over his next possible venture in the financial services segment, Bansal bought a majority stake in CRIDS and took over as CEO. Bansal exited from Flipkart after its $16 billion acquisition by global retail giant Walmart in 2018. He sold his 5.5% stake for $1 billion. In a note that he released right after his exit from the company he had built for 10 years, Bansal had said that he would spend time on ‘pending projects, gaming and brushing up his coding skills’. While he made personal investments even while running Flipkart, he later founded a firm called BAC Acquisitions. Here's a look at all of his investments since his much-talked about exit from Flipkart. CRIDS Bansal picked up a majority stake in Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS). According to<a href="https://tech.economictimes.indiatimes.com/news/startups/sachin-bansal-invests-rs-740-cr-in-chaitanya-rural-intermediation-development-services/71294091"> ET</a>, the former Flipkart CEO bought a 94% stake in the company. While he took over the role of CEO, Bansal in a statement called it, his ‘entry into financial services’. <keyword id="6354720" type="UNKNOWN" weightage="20" keywordseo="ola">Ola</keyword> His first investment after Flipkart and also his biggest, was a $21 million investment into cab hailing unicorn Ola. Bansal’s investment fetched him 70,588 series J preferred shares at a price of ₹21, 250 per share. <keyword id="53189" type="ENTERTAINMENT" weightage="20" keywordseo="boat">boAt</keyword> He also made an offbeat investment in audio brand boAt, via BAC Acquisitions. The brand which is known for its affordable speakers, received ₹20 crores as a part of venture debt. The three-year old boAt has already registered ₹100 crore revenue in FY'18 and is eyeing ₹500 crore in the next couple of years. Piramal Enterprises Bansal invested ₹200 crore in Piramal Enterprises’ debt, and subscribed to its non-convertible debentures (NCDs). <a href="https://www.livemint.com/companies/news/sachin-bansal-invests-200-cr-in-piramal-enterprises-debt-1563126810412.html">Piramal Enterprises</a> will infuse these new funds into its financial services sector. Ather Energy He has also invested in a Bengaluru-based electric bike startup, Ather Energy. While the amount invested is not known, he led the $51 million round. As an angel investor, Bansal earlier invested $0.5 million in the startup in 2014. The startup claims to be one of India’s first startups to manufacture electric vehicles. In June 2018, the startup’s first bike Ather 450 hit the market. Vogo and Bounce In April 2019, through his firm BAC Acquisitions, Bansal invested in scooter rental startups Vogo and Bounce. He Bansal had pumped in $3 million into each startup. Interestingly, Bansal’s other investment Ola had also pumped in a major $100 million into Vogo. With that, Vogo’s scooters are also listed on Ola for rental. Bounce is also backed by Sequoia Capital and Accel Partners. NBFCS In <a href="https://www.livemint.com/companies/start-ups/sachin-bansal-invests-in-altico-indostar-cap-1551115360930.html">February 2019</a>, Bansal invested in two non-banking financial companies (NBFCs) – Altico Capital India and IndoStar Capital Finance. In the same month, <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/sachin-bansal-plans-to-foray-into-fin-services/articleshow/68088962.cms">ET</a> said that Bansal reportedly made queries at the Reserve Bank of India, to understand the regulations necessary to start a bank. Meanwhile, in May 2019, Bansal <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/flipkarts-sachin-bansal-joins-ujjivan-small-finance-bank-as-director/articleshow/69585188.cms">joined</a> Ujjivan Small Finance Bank as its independent director.

Sachin Bansal is now a CEO again. Here’s a look at his investments since his Flipkart exit

Good morning! This is the tech news you need to know this Thursday.<ol><li><a href="https://www.businessinsider.com/twitter-hacked-bitcoin-scam-obama-kanye-elon-musk-bezos-list-2020-7?r=US&amp;IR=TIR=T">Dozens of high-profile Twitter accounts, including Obama, Biden, Elon Musk, Jeff Bezos, and Kanye, were hacked in a colossal bitcoin scam</a>. The scammers may have made off with <a href="https://www.businessinsider.com/twitter-hackers-joe-biden-elon-musk-received-120000-bitcoin-payments-2020-7?r=US&amp;IR=TIR=T">as much as $120,000</a>.</li><li><a href="https://www.businessinsider.com/twitter-says-bitcoin-hackers-had-access-internal-systems-and-tools-2020-7?r=US&amp;IR=TIR=T">Twitter says the bitcoin hackers gained access to its "internal systems and tools."</a> The company appeared to discount allegations that the attack was knowingly enabled by one of its employees, as one outlet had claimed.</li><li><a href="https://www.businessinsider.com/apple-wins-appeal-15-billion-irish-tax-bill-2020-7?r=US&amp;IR=TIR=T">Apple won an appeal in an EU court against paying $15 billion in back taxes to Ireland</a>. The EU ordered Apple to cough up the tax in 2016 after ruling that the firm had benefited from illegal state aid from Ireland, a low-tax regime.</li><li><a href="https://www.businessinsider.com/airbnb-resuming-ipo-plans-as-business-slowly-rebounds-report-2020-7?r=US&amp;IR=TIR=T">Airbnb has reportedly told employees it's resuming plans to go public as business slowly bounces back</a>. Airbnb, which was reportedly losing money even before the pandemic, saw business plummet as travel ground to a halt.</li><li><a href="https://www.businessinsider.com/pompeo-huawei-visa-restrictions-tech-firms-china-2020-7?r=US&amp;IR=TIR=T">The US will impose visa restrictions on certain employees of the Chinese telecom giant Huawei, Secretary of State Mike Pompeo announced on Wednesday</a>. Pompeo said the US is eyeing other tech firms as well, "whether it's TikTok or any of the other Chinese communications platforms, apps, infrastructure."</li><li><a href="https://www.businessinsider.com/senate-committee-to-vote-on-bill-banning-federal-employees-from-using-tiktok-2020-7?r=US&amp;IR=TIR=T">The US Senate will consider banning TikTok on federal employees' phones</a>. The US Senate subcommittee dealing with issues of homeland security is expected to vote on the bill at a hearing on July 22.</li><li><a href="https://www.businessinsider.com/clearview-ai-gdpr-complaint-jumbo-privacy-2020-7?r=US&amp;IR=TIR=T">Clearview AI, the facial recognition company that scraped billions of faces off the internet, was hit with a data privacy complaint in Europe</a>. The complaint was filed by Zoé Vilain, the chief privacy and strategy officer at privacy app Jumbo, after she discovered her face was in Clearview AI's database.</li><li><a href="https://www.businessinsider.com/monzo-plus-paid-accounts-2020-7?r=US&amp;IR=TIR=T">$1.6 billion challenger bank Monzo has launched paid premium accounts with an eye on profitability</a>. Monzo Plus offers customers 1% interest and the ability to withdraw more cash abroad among other benefits.</li><li><a href="https://www.businessinsider.com/voi-pitch-deck-electric-scooters-europe-2020-7?r=US&amp;IR=TIR=T">Swedish electric scooter startup Voi has raised an $30 million in funding, an extension to its previous $85 million Series B round</a>. Voi says it was profitable in June, and hopes to be consistently profitable in 2022.</li><li><a href="https://www.businessinsider.com/playstation-5-production-doubled-report-2020-7?r=US&amp;IR=TIR=T">PlayStation 5 production reportedly doubled as demand for gaming is surging due to coronavirus lockdowns</a>. The reported increase amounts to 10 million PlayStation 5 consoles before March 2021.</li></ol>Have an Amazon Alexa device? Now you can hear <keyword id="9070519" type="UNKNOWN" weightage="60" keywordseo="10-things-in-tech">10 Things in Tech</keyword> each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.You can also <a href="https://newsletter.businessinsider.com/join/free">subscribe to this newsletter</a> here — just tick "10 Things in Tech You Need to Know.

10 things in tech you need to know today

General FusionIn 2019, investors bet big on startups that are promising to transform the energy industry, such as fusion energy company General Fusion. A prototype of its piston technology is pictured here.<ul class="summary-list" style="text-align: left;"><li>VCs flooded the clean-tech industry with nearly $10 billion in 2019, according to PitchBook. It's the second-highest investment sum in a decade.</li><li>While investors are betting big on clean tech, only five startups have reached unicorn status, with a valuation of $1 billion or more, according to PitchBook and reporting by Business Insider. </li><li>Here are the 21 startups with the highest valuations, based on data from PitchBook, Crunchbase, and our reporting. </li><li>We didn't include startups that focus on electric vehicles (EVs), EV infrastructure, or biofuel production.</li><li><a href="http://newsletter.businessinsider.com/join/4np/power-line">Click her to subscribe to Power Line</a>, Business Insider's weekly clean-energy newsletter.</li><li><a href="https://www.businessinsider.com/prime">Click here for more BI Prime stories</a>.</li></ul>Around 2008, <a href="https://www.businessinsider.com/how-to-succeed-as-a-clean-energy-startup-green-industry-2019-12">clean tech was declared dead</a>. Over the next year, venture investments in the industry <a href="https://www.brookings.edu/research/cleantech-venture-capital-continued-declines-and-narrow-geography-limit-prospects/">tumbled.</a>Now, the industry is bouncing back. According to data from PitchBook, global venture capital (VC) funding in 2019 neared $10 billion, after hitting $14.1 billion in 2018.That's great news for the thousands of startups in the sprawling clean-tech industry, which has fusion energy in one corner and carbon capture and utilization in another.Ruobing Su/Business InsiderVCs flooded the clean tech industry with nearly $10 billion in 2019, according to PitchBook. It's the second-highest investment sum in a decade.But while investors are betting big on clean tech once again, the industry hasn't produced many unicorns - or startups with a valuation of $1 billion or more.Why aren't there more billion-dollar startups? One possible explanation is a shortage of funding, relative to other industries like healthcare. Another is that clean tech companies don't generate, as one investor calls it, "a network of users." "In most cases, these companies are not creating the things that cause a lot of social media and other companies to sizzle, which is new networks," said Tom Blum, a member of the Clean Energy Ventures Group, which funds clean tech startups. "In most cases, you're actually just replacing commodities that already exist."There are, however, some noteworthy exceptions.Business Insider compiled a list of the most valuable startups in clean tech, based on data from PitchBook and Crunchbase, and our own reporting. The list reveals five unicorns - three of which make batteries - in addition to several startups with a valuation of greater than $400 million. Startups are listed below by their latest post-money valuations, based on data from PitchBook or company comments, except for where marked with an asterisk. The list doesn't include startups that make electric vehicles (EVs) or scooters, EV infrastructure, fuels from biomass, or those that provide services to highly localized markets. Unless otherwise noted, the data come from PitchBook.

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Star Health Insurance IPO subscribed only 79% on last day; issue extended till 7 p.m.

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6 of the best ways to get to and around Paris, according to experts

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Global market conditions affected Paytm's IPO: Vijay Shekhar Sharma

IANS

Sachin Bansal is now a CEO again. Here’s a look at his investments since his Flipkart exit

Sanchita Dash

10 things in tech you need to know today

Isobel Asher Hamilton

These are the top 21 clean-tech startups to watch that are set to transform the energy industry

Benji Jones,Benji Jones