 "companies")
Just funding doesn’t a business make. Last week, in the first part of a four-part series on the discovery of 100 unicorns in India, we discussed the important role of private equity and venture capital in providing the risk capital that catalysed growth for these firms. That said, capital is only an enabler of growth, valuations can be volatile, and investors in private markets are as susceptible to herd behaviour as those in listed stocks. Eventually, business opportunities must exist or be created. If there is no promise of future growth in profits, backed by evidence of other firms and
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
