The number of such deals so far has also been higher than all of 2016 and 2017, data shows. “The first era of internet unicorns such as Ola, Swiggy, and Dream11, have given secondary exits to early investors, giving significant liquidity. Questions on the sustainability and growth of these companies 12-18 months ago have been more or less answered," Davda said. Importantly, the late-stage deal frenzy may continue later in the year too, with a number of large deals being negotiated. Such a surge in funding sometimes triggers valuation concerns, with certain companies commanding far higher values than may be justified.

Source: Mint June 02, 2019 17:26 UTC