The Great Capital Recalibration: The Capital Dispatch (FY 2025–26)
The Reckoning Has Begun India’s startup story in FY 2025–26 did not unfold the way the optimists scripted it and yet it was more consequential than they imagined. The year forced a long-overdue reckoning. Deal volumes contracted sharply. Valuations came under the scanner. The era of growth-at-any-cost is, finally, over. What replaced it is something […]