The news
- SoftBank’s $93 billion tech fund, which is the largest ever, has set off alarm bells of crazy valuations and mega funding rounds skewing the startup scene as it did in 2015. For example, the Japanese giant had to write down its mega investments in India’s Snapdeal and Ola last year.
- Another valuation boom is evident in a US$502 million round for a little known VR startup in the UK, called Improbable Worlds, which became a unicorn overnight after being valued at US$100 million earlier. The US$1.4 billion funding of Paytm – the largest by a single investor in India – is another example.
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