ETMarkets Smart Talk: 2022 won’t be easy for new age companies, says Dr Vikas Gupta

“Definitely there should be a lot of scrutiny of new-age companies, just as for any other company. However, shouldn’t these analysts have scrutinized stringently when the IPOs were going on? Why didn’t they warn the investors before that? Better late than never. But we don’t agree that one can make a blanket statement that they are Ponzi schemes. One needs to develop a more sophisticated toolkit to analyze which of these new age companies are creating value, and which are capital destroyers.”