Renowned public market investor Rakesh Jhunjhunwala, often touted as India’s Warren Buffet, once emphasised the importance of startups prioritising sustainable cash flow over sky-high valuations.
“I am not interested in valuations. I am interested in businesses that will scale. I am making a business model and a cash flow model that businesses must follow. Valuations cannot be more important than my business model and sustainability,” he’d said during a media interaction.
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