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ET Startup Awards 2024: Mukul Arora aces exits metric to land ‘Midas Touch’ prize

Economic Times · 55y

- The venture investment industry is returning to basics, focusing on companies with compelling business models, customer value propositions, and good corporate governance. - The consolidation in the industry is ensuring that capital goes to high-quality companies meeting fundamental criteria. - Mukul Arora, co-managing partner at Elevation Capital, has been recognized as the winner of the Midas Touch category for best investor in the ET Startup Awards 2024. - Arora believes it is better for investors to make exits when a company continues to perform well rather than seeing a decline soon after the exit. - The Indian venture capital ecosystem is still in its early stages, but the multiple new-economy IPOs since 2021 have set a strong path for future companies. - While valuation multiples in the overall public markets are a concern, the money coming into startups through IPOs mostly goes to high-quality companies.