Over the next 15 months, early investors in 93 Indian startups face a critical milestone as $17 billion worth of IPO-era shares become unlocked for sale. This massive capital release will test market sentiment across high-profile companies including PhysicsWallah and Ather Energy, potentially triggering volatility in valuations. The coordinated expiry of lock-in periods through December 2026 represents a significant moment for Indian capital markets, as venture-backed founders and institutional investors gain liquidity rights on their stakes.

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