SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Science/Tech News

Your Story

Science/Tech / Your Story

details

Wake up and smell the coffee: Public markets are done buying storyfication

PhonePes valuation debate reflects a larger truth about Indias public markets: the era of rewarding growth without clear monetisation is fading. For digital-first companies headed to the public markets, the new benchmark is no longer promise, but profits.

18 Mar 2026 5:33 pm