Startup block-deal rush puts private valuations to the cash test

A rush of block deals in newly listed Indian startups is putting private-market valuations to a cash test and showing how little a headline valuation says about eventual investor returns.Investors sold about Rs 13,300 crore of shares via bulk and block deals across seven companies over the past month. The same sellers have monetised about Rs 25,550 crore cumulatively, including through offers for sale during IPOs and earlier block