Zoho founder Sridhar Vembu sees strong prospect for Indian IT as global software shares tumble
Zoho founder Sridhar Vembu believes the recent fall in global software stock prices could actually turn into a big opportunity for Indian IT companies. While many investors are worried about the sharp correction in tech stocks, Sridhar Vembu says this slowdown was expected and may help reset the industry in a healthy way.
In a post on social media platform X, Sridhar Vembu explained that software companies, especially in the US, were trading at very high valuations for a long time. According to him, these prices were not realistic and were bound to come down sooner or later.
