From Subhiksha to Paytm: How valuation craze trips start-ups

Paytm Payments Bank, the parent company of Paytm, has faced penalties from the Reserve Bank of India (RBI) for engaging in questionable management practices to boost its valuation. This highlights the issue of investors prioritizing growth and valuations over governance, which can ultimately lead to the collapse of businesses like Paytm and retailer Subhiksha.
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