Let’s start with a pop quiz.
Which is the most valuable startup in India?
Until last year, the answer would have been easy—Flipkart.
Now that Flipkart has been acquired and is no longer in the running, one might be tempted to name Paytm*. After all, the company was reportedly valued at $10 billion when it raised $300 million from Warren Buffett’s Berkshire Hathaway last year.