 "startups, unicorn, funding, fintech, companies, firms")
Startups attract our attention either when, based on their rising valuations, they are celebrated, or when their valuations come crashing down. Three years ago, the music did not stop, and valuations kept soaring. Every other day, a new soonicorn (a valuation of between $500 million and $1 billion/ Rs 4,000-Rs 8,000 crore) or a unicorn (a startup with a valuation of over $1 billion, or Rs 8,000 crore) was anointed. And now, suddenly, it seems all the chairs have been removed.
Why has the mood soured? The uncomplicated explanation is that the valuations moved in lockstep with the flow of funds.
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
