Why many of us are skeptical about private market valuations
PayTm mall, 5 years ago, was valued at 16000 crore.
Today it has fallen down to 100 crore.
Invact was valued at Rs 240 crore in February.
3 months later, it is facing a shutdown.
How do you trust such valuations?

At least in the public market there is some scrutiny, some compliance, some transparency.
What is there in the private market?
How do we seperate wheat from chaff?

Let me take another controversial example.
Meesho is supposed to be valued at 40,000 crore.
Page industries is at 46,000 crore.
Pretty much everyone I know uses Jockey and Speedo.
OTOH I haven't met a single person who has shopped on Meesho.
How can they be similar in Value?