Crazy numbers
Google had some crazy growth numbers and profit, which merited it's IPO Valuation. And yet, it has only(?) 76x since then. Here, in India, we have shitty SME companies 50x in 3-5 years. Signifies the impact of entry valuation
Interesting comparison. Many Indian SMEs might be scaling rapidly due to speculative investments or inflated valuations without comparable innovations. Long-term sustainability might tell a different story.