Mumbai, December 26, 2024: Radhika Gupta, CEO of Edelweiss Asset Management, has stirred the startup community by calling out what she terms the “startup bubble” during a recent address. Gupta criticized the overvaluation and unsustainable business models of many startups, urging a shift from rapid growth to profitability, scalability, and long-term sustainability.
Her comments come amid rising concerns over inflated startup valuations, particularly in the tech sector. Gupta advised entrepreneurs to build solid foundations for growth and focus on sustainable business practices rather than chasing venture capital funding and short-term expansion.
Gupta also addressed the “startup romance” in the investment world, cautioning both investors and entrepreneurs to be mindful of the risks. Her remarks are seen as a reality check for the ecosystem, urging a more grounded and realistic approach to business.
