I have always suspected the beefed up valuations of payment apps in India related to lack of regulations in place for use data protection and privacy. Most of these apps seem to be making money on some sort of data driven business models.
If that is true, the valuations do make sense. If you can provide purchase power metrics for half a billion users, a $7B valuation might start to seem modest.
If that is true, the valuations do make sense. If you can provide purchase power metrics for half a billion users, a $7B valuation might start to seem modest.