Why are India’s Unicorns overvalued, When valuation itself is linked with future earnings?
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The term ‘unicorn’ – a privately held technology startup with a valuation equal to or over $1 billion (around Rs 7,500 crore) – was coined by Aileen Lee, an American angel investor and founder of Cowboy Ventures, a venture capital firm, in 2013. India did not have a single unicorn then. But as of January 2022, India had 83 ‘unicorns’ with a total valuation of $277.77 billion.
Why are India’s Unicorns overvalued, When valuation itself is linked with future earnings?
Why are India’s Unicorns overvalued, When…
Why are India’s Unicorns overvalued, When valuation itself is linked with future earnings?
The term ‘unicorn’ – a privately held technology startup with a valuation equal to or over $1 billion (around Rs 7,500 crore) – was coined by Aileen Lee, an American angel investor and founder of Cowboy Ventures, a venture capital firm, in 2013. India did not have a single unicorn then. But as of January 2022, India had 83 ‘unicorns’ with a total valuation of $277.77 billion.