News > India's startup party will pop sometime: Jhunjhunwala on IPO frenzy
India's startup party will pop sometime: Jhunjhunwala on IPO frenzy
19/07/2021 11:13 PM | Click to read full article
Despite the frenzy around Zomato IPO and a slew of Indian startups lined up to go public soon, billionaire investor Rakesh Jhunjhunwala has said that the startup party will burst soon.
He believes that he can make more money investing in shares of metal producers and banks than on new-age technology companies that are swarming the Indian primary market currently.