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Why Rakesh Jhunjhunwala Isn’t Hyped Up About Startup Unicorns
Six new unicorns in a week. But Rakesh Jhunjhunwala is not impressed.

Rakesh Jhunjhunwala. (Photographer: Munshi Ahmed/Bloomberg News)
Billionaire stock investor Rakesh Jhunjhunwala isn’t hyped up about India’s startup unicorn boom as he doesn’t find their valuations convincing.“In financial markets, the ultimate valuations are based on cash flows. When will these startups get those cash flows? Nobody knows,” Jhunjhunwala told BloombergQuint’s Niraj Shah in a session at the Shri Ram Economics Summit 2021. “You may tell me my grapes are sour. But I don’t want to inve...

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