Ather has reportedly trimmed its valuation to about $1.4 billion from a previously estimated $2 billion, reflecting continued tepid sentiment in the secondary market. The company plans to use the IPO proceeds for capital expenditure, R&D, marketing, and debt repayment. Last year, Ather raised ₹600 crore in a funding round led by NIIF at a valuation of $1.3 billion.
FPI outflows at Rs 1 lakh crore in 2025 so far; Rs 555 crore pulled out in July alone
Foreign Portfolio Investors have exhibited a selling trend in Indian equities, with outflows of Rs 555 crore in July, marking a reversal after three months