Q.3 India is witnessing new unicorns emerging every month, which are products of inflated valuations to tap more funds to burn more cash. In context of this, examine the factors driving the emergence if these unicorns and issues with their valuation. (10 Marks)

Mentor’s comment- https://www.thehindu.com/opinion/lead/over-valued-unicorns-in-a-distressed-economy/article37653501.ece In the intro mention the PayTM ipo and fall in the valuation on first day.  In the body mention factors such as rising number of smartphone users and increasing trend towards adoption of technology, role of investors in providing capital etc. In the concerns mention limited population with high income and spending … Continue reading Q.3 India is witnessing new unicorns emerging every month, which are products of inflated valuations to tap more funds to burn more cash. In context of this, examine the factors driving the emergence if these unicorns and issues with their valuation. (10 Marks)