Postman Strikes Secondary Deals With 30-40% Cut In Valuation

Postman Strikes Secondary Deals With 30-40% Cut In Valuation

SUMMARY

Postman, which was once valued at $5.6 Bn (INR 46,925 Cr), has reportedly struck secondary deals recently at a steep 30-40% discount to its peak valuation

The sharp discount in Postman’s valuation points to the decline in value for SaaS firms on revenue multiples, ET reported

Angel and early investors have partially sold their stakes in the Bengaluru-based firm in the latest rounds, multiple sources were quoted as saying in the report

SaaS platform Postman, which was once valued at $5.6 Bn (INR 46,925 Cr), has reportedly struck secondary deals recently at a steep 30-40% discount to its peak valuation.

While secondary deals usually see a 10-15% discount to the last primary valuation, but the sharp discount in Postman’s valuation points to the decline in value for SaaS firms on revenue multiples, ET reported.

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