In an interview with ETs Beena Parmar, Deepak Padaki, who joined Catamaran Ventures last August, also talks about its investment exits, deal sizes and corporate governance at startups. Edited excerpts:
Apart from the mega $700 million ESOP cash out of Flipkart-PhonePe, the total value of ESOP liquidity events in 2023 fell to $112 million, when compared to $292 million of 2022 and $423 million of 2021