Increased capital flows to a space with low transparency and distinctly limited opportunities can be the classic setup for a bubble. In venture capital, this is magnified by the boom-or-bust nature of the companies themselves.
Welcome to the inaugural Weekend Reads from India. Every few weeks, I'll endeavor to bring you a mix of the most important stories affecting local markets, the national discourse, and global sentiment about investing in India.
The market for IPOs, traditionally a useful barometer of the collective appetite of investors, suggests a slowdown is at hand in the United States.