As a swathe of Indian startups are expected to hit the public markets this year, the anticipation is driving founders and investment bankers to make wild pitches. One well-known founder of a unicorn is currently raising funds at a $ 2 billion valuation, while simultaneously saying the company will go public at $ 4 billion in ‘pretty’ much three months’ time. In three months, bankers are expecting a bigger valuation jump than in the last decade, with no substantial change in underlying fundamentals of the company. While the company and its founder are well respected, the aggressive IPO valuation expectation is also making some people nervous, who are wondering whether the bubble will burst soon. Watch this space for more!
