I myself have a start up in the Fin Tech space in the B2B segment.
Yes, lots of money floating around to raise funds. But start up fundamentals have changed now. It's about spend rather than returns. That's why you see absolute duds like WazirX and some random bit coin trading platforms outbid and get ad slots during prime tv muscling out the likes of Hindustan Lever even. Paytm was/is a unicorn. Stock has been taking a beating.
A couple 19 year olds who have started the dark store start up Zepto will have made a unicorn by the end of June most likely. Again, the model is a cash burn model but I can still see the value in grocery delivery.
At the end of the day, yes we will see many unicorns. They will be bought over by likes of Amazon or RIL or they will go public if they can. All this is good.
Some Govt policies have helped. Infra has certainly given a boost. But creating unicorns isn't creating wealth at all levels.
Frustrated by rules they see as onerous, a bunch of beauticians are speaking up – and sometimes being heard.
scroll.in
Speak to the guys working at Uber, Ola, Zomato, Swiggy and all of them are being squeezed. Creating 1000 billionaires may be good for the economy overall based on notional valuation. But unless actual jobs which give a decent standard of living to the mass are created, this is not good.
India's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.
www.reuters.com